Decisions, Money & Entrepreneurship
Protection, Assets, And Net Worth
This lesson helps students protect what they have built and understand their overall money position. They practise judging which risks are worth transferring, spot the recurring costs that drain money quietly, and build a Net Worth Snapshot showing what they own, what they owe, and the single number underneath.
What you will learn
- Explain how a small amount set aside changes what a bad month can do to you.
- Judge which risks are worth paying someone else to carry and which are not.
- Spot recurring costs and weak consumer positions before they drain money quietly.
- Create a Net Worth Snapshot showing what you own, what you owe, and the number underneath.
What happens in this lesson
Chapter 1: The Month It All Went Wrong
Explain how a small amount of money set aside changes what a bad month can do to you.
What you make: A judgement about which of two people a shock actually damages, and a clear statement of what made the difference.
Chapter 2: Paying Someone Else To Carry The Risk
Explain what insurance actually is and judge when transferring a risk is worth the cost.
What you make: A sorted set of four real risks by whether transferring each one is worth paying for, with the reasoning behind each.
Chapter 3: The Slow Leak
Spot recurring costs and weak consumer positions before they drain money quietly.
What you make: A ranked view of four recurring costs by what each one actually takes over a year, and a stated next move on the worst one.
Chapter 4: What You Own, What You Owe
Work out a total position from what you own and what you owe, and explain why a cash balance is not the same thing.
What you make: A saved Net Worth Snapshot listing what the student owns, what they owe, and the single number underneath.
Chapter 5: High Income, Weak Position
Explain how a large income can sit alongside a weak financial position, and name what decides which one you end up with.
What you make: A saved judgement about two people with very different incomes, naming who is actually stronger and what would have to change for that to reverse.
Key terms in this lesson
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