All Camps

Finance Bootcamp

Finance Bootcamp

  • Weeks:Jul. 17, 2023
    Jul. 24, 2023
  • Time:9:00 am-12:30 pm
  • Note:Includes copy of "Rich Dad, Poor Dad"
  • Cost:$350 per week
  • Ages:12-16
  • Staff:James Kolakowski

Finance Bootcamp!

 

All young men desire money, but few consider what money really is or how to use it correctly. 

Finance Bootcamp is an essential class for any young man interested in developing a plan for personal financial success. 

Throughout this week, we’ll examine the role of money as a source of value and how it is used to generate profit. We’ll read Robert T. Kiyosaki’s best selling book, Rich Dad Poor Dad, and develop a working vocabulary for financial literacy while cultivating personal financial habits. 

Key terms include:

  • Asset
  • Liability
  • Income 
  • Expense
  • Interest
  • Taxes
  • Balance Sheet 
  • Cash Flow
  • Return on Investment

We’ll also learn:

  • How credit cards work (APR/APY)
  • The importance of interest rates
  • How to buy a car
  • How to buy a house 
  • How taxes work (we’ll pay federal, state, and local income taxes!)

We’ll also review different asset classes such as:

  • Stocks
  • Real estate
  • Bonds 

We’ll also try to determine how much money is needed to live a comfortable life in the Washington, DC area…the answer might be surprising!!

*Course taught by Heights Finance teacher and Director of Annual Giving, James Kolakowski