The teacher reviewed key vocabulary from the new passage. The student then read the passage and discussed it with the teacher. Afterward, the student answered comprehension questions based on the passage.
Chapter 2 The Financial Plan – We examined the fourth component which is developing a plan to manage your risk. This risk is related to the likelihood of financial loss due to a car being stolen or a house or boat being damaged. We learned that this is why we purchase insurance. We determined the need and financial liquidity needed for purchasing asset, medical, and life insurance. We learned about the fifth component which is a plan for investing. We looked for the balance between investing to increase earnings and our need for liquidity. We learned that different types of investments have different levels of risk. The riskier the investment the greater the return.
Introduce the 4 o'clock flower colors red and white. Show by diagram why a cross between a pure red and a pure white will not produce a hybid red or white. There are no dominant alleles for the flower color. The color which shows is pink, which is a blended color of red and white. Show the cross and define incomplete dominance.
On Friday of last week, Cam discovered his love for abstract expressionist painting. Today, I showed Cam a short art history video about Jackson Pollock's work in relation to the modern post-war world and his artistic process. We talked about how each new era in history needs it own language to relate to it. I had a drop cloth and canvas for Cam to work. He created a beautiful abstract expressionist painting by flinging and dripping paint much like Pollock did. I told him that he needs to know how very talented he is, and I want him to keep painting. I see Cam's artistic gift and truly believe he could be a very successful artist if he pushes himself!
The teacher reviewed the grammar and vocabulary from Chapter 1 with the student. Afterwards, the student completed four exercises practicing the grammar and vocabulary that had been reviewed. The student had a doctor’s appointment and was able to work with the teacher for 25 minutes.
We examined the third component which is financing for major purchases. We learned the purpose of down payments in long-term financing. We discovered that big ticket purchases are collateral for the lender because they can repossess the item. We understand that the lenders make money on the interest they charge you for borrowing their money. Lenders determine your overall credit worthiness which is an assessment of how likely you are to pay back the loan. We discovered that lenders will loan you more money than you should borrow so you need to develop your own financial plan for paying for big ticket items.
