FP 100 Week 1 Discussion | University of Phoenix

FP 100 Week 1 Discussion | University of Phoenix

Discussion Topic

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Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.  

Due Thursday 

Think about your current financial situation and where you want to be after graduation. Most students plan to earn more money after graduation and that would change your financial situation. Think about how your financial life will change. What might be different? What steps would you need to take to reach that future?

·         Which concepts from Ch. 1 and 2 will be most important to your finances? Why are these relevant to you and how might you apply them to your life?

·         Use the Compound Interest Calculator from Investor.gov to gain a broader perspective on your savings goals in 10, 20, and 30 years. What does the calculator show you about the time value of money and compound interest? You don’t have to provide specifics but discuss what you observe.

·         Watch “How to Set Financial Goals - Young Guys Finance” from Ch. 1. Then share a financial goal in the SMART format. What is the opportunity cost of not saving toward this goal now? 

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