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Stewardship Project

Project Description

Welcome to the High Tech Middle Chula Vista Stewardship project, a year long simulation that aims to mimic real life financial situations for students in order for them to learn and apply math in their financial decision making.  Below you will find information about the various parts of our project.
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wealth

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Students starting wealth was determined randomly.  Our team's wealth of $100,000 was distributed in proportion to current wealth inequality  in America.  This meant that 1% of the 51 students (1 student) started out with 40% of the wealth ($40,000).  And 80% of the 51 students (41 students) students had to divide up only 7% of the wealth ($7,000). 

INCOME

Students earn income by:
  • Doing their classwork
  • Getting a class job
  • Starting a business
  • Investing
However, to mimic gender income inequality, as mentioned in the 2016 US Census report (page 10 of the report), students are subject to a "Last name Income Inequality" factor of 80.5%.  Students with last name from A - L will earn 80.5% that of students with last name from M - Z.  

Rent /Mortgage (Mandatory)

Students researched current rental rates for 3 and 4 bedroom places to live.  They found the average of 1 bedroom in the Chula Vista (San Diego, CA) area.  Students pay monthly rent.  In the future they will have the opportunity to buy their desk for the year.   
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 Life cycle (Mandatory)

The life cycle is mean to mimic life's unexpected health, auto and home costs.  
Students gathered real data of prices of auto, health and home items that would possibly be purchased.  Averages were found for each item.  

​Students will spin the randomized life cycle each month.  Whatever the situation the life cycle lands on, students will either pay the costs directly or have purchased insurance prior to cover the costs.

life cycle

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Taxes (Mandatory)

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Students will have to calculate and pay taxes monthly.  The following taxes will apply:
  • Income tax - actual Federal tax brackets used
  • Property tax - for those owning desks
  • Capital gains tax - for those investing
  • Business tax - for those owning small businesses
Tax deductions are also available:
  • Contribute to a Traditional IRA (Individual Retirement Account)
  • Mortgage Interest paid
  • Property tax paid
  • Donations to a charitable organization in class
  • ​The amount of medical expenses that exceed 10% of your monthly income

 INvestments (optional)

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Students can choose a basket of investments of stocks and bonds.  Rates of returns are calculated by randomly selecting four returns from the Standard and Poor's 500 (S&P 500) and 10 year Treasury bonds from 1928 - 2016. 
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Investments will be compounded weekly in order to simulate a 40 year investment plan.
​Each investment portfolio has a section for regular investing and for retirement.  Students can choose between a Traditional IRA or Roth IRA (Individual Retirement Arrangement).

DEBT (Optional)

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Students have the option to borrow money.  So far there are two reasons to borrow money.
  1. Student loans - borrow money to attend Koteach University in order to obtain a degree focusing on a particular skill to enable you to do a particular classroom job.  This interest rate is 4.45% (the current federal loan interest rate for undergraduates according to studentaid.ed.gov)
  2. Credit cards - borrow money to buy more in class.  This interest rate is 16.7% (the national average as of September 2017 according to bankrate.com)
  3. Mortgage - Students who borrow money via a mortgage use it to buy a desk in our classroom.  The interest rate is 2.85% for a 15 year fixed loan (the national average as of September 2016 according to bankrate.com)

STudent Debt

Pro Fuego (A.M. Class)

Ahastari
Ian
Mia
Valentina
Darrien
Karla
Nia
Vivian
George
Kwynn
Oscar
Ximena
Giancarlo
Lauryn
Sadie

Creative CAllie Ko Minds (P.M. Class)

Aiden
Angel
Chloe
Joaquin
Veronica
Ali
Anissa
Elena
Maya
Ximena
Andrea
Anthony
Hannah
Robert
Zuri
Andres
Cassidy
Harim
Sienna

BUSINESS (Optional)

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Students have the option of creating their own classroom business.  
Businesses can:
  • provide a service or product that ANYONE has the ability to do. (Tax service - Help students fill out their tax forms for our project)
  • provide a service or product that is school appropriate. (backpack carrying service)
Business can't:
  • provide a service or product that NOT EVERYONE has the ability to do. (Selling erasers. Not everyone can go to Walmart, buy packages of erasers and sell them)
  • provide a service that is NOT school appropriate.  (Foot massage service is not school appropriate)

Our Learning Process
Mistake.
Learn.
Grow.
Co-teaching is when two or more people, traditionally teachers, share the opportunity to teach.

Ko-teaching [a play on my name] aims to share the teaching opportunity with the teacher and the students.