As mentioned in class today, Naval Science 4 cadets will complete the High School Financial Planning Program sponsored by the National Endowment for Financial Education (NEFE). The program will be conducted along with our regular classwork over the next several weeks. Each student received a student guide which will serve as a workbook and which will be turned in for grade. The first unit, which we will cover this week, focuses on the benefits of sound financial planning. The exercises in the first unit--really easy--should be completed by Monday, 6 December.
Thought: The quote "Compound interest is the powerful force in the universe" is often incorrectly attributed to Albert Einstein. Whether he really said it or not, it is an interesting quote. What is compound interest? It could make you a millionaire by the time you are ready for an early retirement! This, of course, begs the question of what is compound interest. You tell me.
