Why do you think Benjamin Franklin said this? Did you know that he enjoyed learning and studied languages. This investment of time in learning served him well during the American Revolution! Ask your students to discuss what the "interest" could be if they invested in learning. Then review the NIE video on What College Degree is Better? What do you think now? Would you add something to Benjamin Franklin's quote?
This saying is often attributed to Benjamin Franklin. But did you know, this isn't exactly what he said? In this Forbes Article you learn that in his 1737 almanac, Benjamin Franklin wrote a column called "Hints for Those That Would Be Rich." In this column, he closed with "A penny saved is two pence clear." Later, in his almanac, he wrote, "A penny saved is a penny got." Compare "a penny saved is a penny earned" and "a penny saved is a penny got" and discuss the difference. Consider this fact, Franklin, a seasoned businessman knew that a penny saved is unspent in the marketplace. Therefore it would never be equal to a penny earned in revenue!
Read this article in the Tampa Bay Times to discover the Top Companies on NASDAQ with the Highest Percentage Gain in Stock Price. Think about the stock prices. Do you think it is a good idea to buy some of these stocks? Which stocks would you choose? Why did you choose those stocks? Are they familiar names?
SS.912.FL.5.9 Examine why investors should be aware of tendencies that people have that may result in poor choices, which may include avoiding selling assets at a loss because they weigh losses more than they weigh gains and investing in financial assets with which they are familiar, such as their own employer’s stock or domestic rather than international stocks.
Created by Deborah Kozdras and Brittany Sampson