I chose my solution because it has a guaranteed return rate on the money and slowly builds over time. In addition, my solution gives me the amount of money needed to pay the first down payment on the house, while not risking losing any. On the other hand, my solution does not build up as much money as high-risk investments such as stocks. Moreover, my option doesn’t leave as much leftover money as putting it all in stocks but does offer lower risk. I believe my option works best for me because it’s a fixed return rate that will earn you enough money to pay the first down payment.
To write my calculations I used excel and to write my justification I used word.
Collaboration and Contributions
I found working with my group a great way for us to share ideas and build off each other.
I contributed to my group by sharing my ideas and getting everyone to share their ideas. Others helped me by giving criticism and sharing ideas that can be built off.
I listened to everyone’s solution and considered them, but I ended up going with a plan that was suggested by one of my group members because I liked the way they used the money in a creative way that was also low risk.
I would rate my ability to work with others in a group on a scale of 1-4 a 3.8 because I can share and listen to ideas, but I sometimes get distracted by talking with others.
Core Competency Reflection
I can think about what I am going to convey and to whom I will convey it. During my reflection I gave reasons about why my option works well and who would my plan work best with based on their risk tolerance. I was able to find key strengths in my plan and discuss the advantages.
I can represent my learning and tell how it connects to my experiences. While doing my project I thought of ways to reach the final goal in a way that made the most sense for me. Choosing how I would invest my money in relation to my risk tolerance made me think about possible options I could use. I represented my learning by creating a 3-year outline of how I would spend the money.
I can understand how my values shape my choices. When I was exploring options for my project I could understand what influenced my spending decisions. Understanding my risk tolerance and changing how much money I would put into certain things such as stocks.
I can advocate for myself. After doing my calculations for my project I needed to add a graph to visually show my show. I couldn’t figure out how to display the data; after asking the teacher for advice, we eventually figured out how to include the graph including the data.
I learned more about the 1980s recession and how it affected people globally by forcing people out of jobs, therefore lowering the demand for many things.
I learned how fast economic growth can crash because of some issue in supply, and lead to high prices and shortages.
I better understand the control banks and the government have over controlling inflation and the steps they can take to lower it.
Core Competencies
I work with others to achieve a goal. In our project I was able to share my ideas while also listening to my group members; I received and gave helpful criticism with my group members.
I can form new ideas to create new things. I can also build on the ideas of others. When I was working with my group we shared ideas and worked together to create new and better ideas.
3 things I learned from the product innovation assignment is how to keep a business running, how two owners can run a business together, and why it’s important that companies keep expanding and changing their service and products.
Communication- I can understand and share information about a topic of interest in a clear, organized way. While researching more about my topic I had to convert what I read onto PowerPoint slides by filtering the information into relevant and short points. Presenting my information in a clear and organized way made it easier to follow and understand.
I used word to write the paragraphs, but I created the 3 images with Word Art
You’re in charge of your digital footprint and you can make it a positive one, by taking steps to keep your information secure and keeping all your devices virus free. Not considering everything you do on the internet can be led back to you and can negatively impact your future. They can affect possible career or education opportunities as more people start doing background checks. So, taking steps to ensure your safer and maintaining a positive reputation online is important. Moreover, lacking knowledge and not getting informed about internet safety can lead to unwanted issues online. Having people access personal information or unknowingly downloading a virus can have big impacts on your safety and device. Also, your digital footprint can impact your chances of employment when applying for a job. During many interviews, before hiring they used a search engine to view their applicants and over 1/3 were turned down because of information found online. Because of how easy it is to find personal information you should always consider your footprint. Moreover, being proactive by taking steps to get informed can keep you and your information safe from others. In addition, unsafe activities consist of posting private information, posting images that you might regret, clicking on unknown links and apps, and sharing passwords. Moreover, being safe online consists of using strong passwords on websites and changing them often can go a long way to keep people from guessing them, being mindful of who you’re talking with online, and not clicking or downloading on random links. Following these general rules assure your online experience is a safe and positive one. In summary, I believe it’s important to know how to stay safe online, but not only to keep your information secure but to have a positive digital image that reflects you well if seen by others.
“The Ten Most Dangerous Online Activities.” Forbes, https://www.forbes.com/2006/10/25/microsoft-mozilla-malware-ent-tech-cx_sb_1025smallbizresource.html. Accessed 22 Sept. 2022.
Personal/Social Competency Reflection
1) My online support network is helpful to me because Edublog and teams’ pages keep me informed of assignments, due dates, and provide me with some digital copies of textbooks. Always staying informed about what is assigned during class is important to me, so catching up on missed work and reviewing class material is always available. Moreover, having a copy of the Rubrik along with the due dates for assignments available on teams reminds me of expectations. Therefore, having the expectations in mind while completing work reminds me of what to include and holds me accountable for what isn’t met. In addition, being provided with a digital copy of textbooks helps keep me stay organized and is easier to access. Having access to all the class material on a device frees up more space and reduces unnecessary weight. Therefore, that’s why I found my online support network because they keep me informed of assignments, due dates, and provide digital copies of textbooks.
2) I know that my digital footprint can have both positive and negative consequences, including future job and education opportunities. So, I adjust my actions to reflect myself in a positive way online to open many more opportunities for myself. Moreover, being mindful that your digital footprint can determine how you’re viewed online and offline is important. During interviews, with a simple google search before hiring over 1/3 of applicants were rejected because of information found online. So, it’s important to always reflect yourself online in a positive way to be trusted offline. Moreover, acknowledging that my digital footprint can be led back to me ensures that I take precautions to keep myself and my information safe from others.
3) Some of my preferred strategies for maintaining a healthy, balanced online presence include setting up time limits on social media apps and keeping distractions like my phone hidden when doing work. Moreover, having time limits on apps such as social media helps to lower screen time and avoid procrastination. When seeing the time limit reached on a certain app it is a reminder of the time you’ve spent and encourages you to shift into something else. Being able to see the time you’ve spent on apps can help you be more productive throughout the day. When doing any work, it’s important to have any possible distractions like a device out of sight. When you focus on one task without getting distracted you can achieve better results because you give yourself time to develop your ideas and not get interrupted. By removing distractions, you can create and build onto your ideas and shorten the time required to complete work.
