11: INVESTING FOR THE FUTURE (PART 2)

MY FOUNDATION PRINCIPLE

• Become One, Serve Together

FINANCIAL PRINCIPLES AND SKILLS

1. Set a Retirement Goal
2. Understand Compound Interest
3. Understand the Relationship between Risk and Return
4. Consider Potential Investments
5. Research Potential Retirement Accounts
6. Begin Saving for Retirement as Soon as Possible

REPORT—Maximum Time: 25 Minutes

LAST WEEK'S COMMITMENTS:

Ⓐ Practice and share last week's My Foundation principle.

Ⓑ Continue to put money toward my financial priority.

Ⓒ Discuss saving money, purchasing versus renting a home, and investing in education during family council.

Ⓓ Contact and support my action partner.

STEP 1: EVALUATE WITH ACTION PARTNER (5 minutes)

Take a few minutes to evaluate your efforts to keep your commitments this week. Use the "Evaluating My Efforts" chart at the beginning of this workbook. Share your evaluation with your partner and discuss with him or her the question below. He or she will then initial where indicated.

Discuss: What challenges did you have with keeping your commitments this week?