Does Money Grow on Trees? Value of a Job & Earning Power
Where does Money come from? • Allowance • Working • Bonus • Fundraising • Scholarships • Gifts • Interest • Borrowing
A Look from the Treetop • In this lesson we will learn: • Why People Work • Value of a Job, Occupation, and Career • Relationship between Education Level and Income • Standard of Living • Identify Needs and Wants • Aspects of Well-Being • Planning for the Future
Why Do People Work? • To feel personal satisfaction • To improve their skills • To earn money
What is a Job? • Work role within a specific organization • Paid or unpaid • Examples: • Lawn mower at Community Golf Course • Secretary at ABC Law Firm • Brain Surgeon at Hospital X
Educator Job Job Job Job Job High School Teacher Community Volunteer Youth Group Leader What is an Occupation? • A wide category of jobs with similar characteristics • What other jobs fall under the occupation or “umbrella” of an educator?
What is a Career? • A lifetime journey of building and making good use of your skills, knowledge and experiences • Influenced by: • Family • Friends • Education • Work • Leisure Activities
Mind Mapping Career (Educator)
Career (Educator) Mind Mapping Occupation (Math Teacher) Occupation (Elementary Teacher)
Career (Educator) Mind Mapping Occupation (Math Teacher) Occupation (Elementary Teacher) Job (Teacher Aid) Job (Swim Coach) Job (Play Ground Worker) Job (maintenance staff)
Mind Mapping Career (Professional Athlete)
Career (Professional Athlete) Mind Mapping Occupation (basketball player) Occupation (football player)
Career (Professional Athlete) Mind Mapping Occupation (Basketball Player) Occupation (Football Player) Job (Equipment Manager) Job (Floor Sweeper) Job (grounds keeper) Job (maintenance staff)
Career Your Turn! Occupation Occupation Job Job Job Job
A Day in the Life of Bill… • Carefully read the story about a typical day in the life of Bill. • Use the information to answer the questions that follow. • NOTICE: Don’t forget the Bonus question on the bottom of the page! • Are there any questions?
Education Matters • Which education level has the opportunity to earn the highest income?
Education vs. Income Tower Activity • Goal: Build the tallest free-standing tower using only the given supplies. • Challenge: Each group has a different education level with certain skills/limitations. • High School dropout • High School graduate • Associate degree • College degree • Graduate degree • Solution: Work together and good luck!
Education vs. Income Tower Activity Directions • High School Dropout: Team members can use one hand only, the other must be kept behind their back and all communication must be done nonverbally to represent limited skills and education. • High School Graduate: Team members can use one hand only and the other must be kept behind their back. • Associate degree: Team members have full use of their hands but all communication must be done nonverbally. • College degree: Team members have full use of their hands and the team must designate one person only who can talk. The others must communicate nonverbally. • Graduate degree: Because these individuals have obtained the highest level of education, they have no limitations when building a tower.
Education vs. Income Tower Activity Discussion • Which group had to work the hardest to build the tower? Why? • Why were some groups more successful than others? • How did the education level relate to the degree of the assigned limitations? • How might a person get the “skills” needed for the opportunity to have a career and earn a higher income?
Standard of Living • A standard of living is the minimum necessities thought to be essential • Millionaire – fancy food, mansion, new car • College student – instant soup, small apartment, used car • Need – essential items required for life • Food, water, shelter • Want – unnecessary but desired items • iPod, car, designer clothes
Well-being • The state of being happy, healthy, and prosperous • Impacted by: • How money is gained • Career choice • How money is spent • Personal financial choices can affect an individual or entire family’s overall well-being
Think Ahead • Identify a desired standard of living at an early age to determine: • Level of education needed • Type of job to have • Desired career path • Future needs and wants • Income level • What do you want to be when you grow up?
Fertilize your Future • Plan NOW for your desired standard of living… • Education helps a person reach their financial goals OR OR