Teaching Time Value of Money

I just finished teaching a class on using a financial calculator yesterday.  We did not cover things like balancing their checbood or simple math, but covered ways to grow rich "crockpot style".   How to make obsene yields on our money, save for our future (not by using coupons), by investing wisely.  The students were introduced to the concepts of how to change the variable of N  I/YR  PV  PMT and FV on their calculator.  It was a full 7 hours of quality time.  First time that I have been in front of a group for that long since I quit teaching in 1974.

I had a good time seeing people see something that is there in front of them and seeing it in a total different way.  Some of the students had financed buyers of their property before but didn't know to make it even better, some were buying property on seller financing and didn't know how to make it better.  Now they do.  

We covered things like investing in debt, paying rent a year in advance and making a yield of 35.07%, calmed down some fears by identifying what caused them and solving the problem, how banks work and how to think about being a bank.  It was a great day!!!!