EdTech 513 Multimedia - Investing in Your Future - How Your Money Can Grow –The Magic of Interest - Produced and Narrated by Ryan Olynyk

Podcast Series - Investing in Your Future

The title of my podcast series is “Investing in Your Future.”  This series will involve lessons on personal finance and hopefully help students and young adults learn more about their own financial issues and give them a leg up for future wealth.  It is my hope that students and young adults will learn to do more then “wear” or “listen” to their money.  The podcast series will include a series of lessons with various topics.  These topics will include the following and more:

1. How Your Money Can Grow –The Magic of Interest.
2. Different Types of Investment Opportunities.
3. Counterfeit Money:  Is it a Victimless Crime?
4. Registered Retirement Savings Plans vs. Tax Free Savings Accounts.
5. Saving Money for Retirement – What are the Different Options-Part 1
6. Saving Money for Retirement – What are the Different Options-Part 2
7. The Stock Market: The True Story.
8. The Myth about Bonds and the Bond Market.

There will be a new weekly podcast for each lesson in the series.  All lessons will be under 10 minutes long so as to hold the learner audience throughout the entire lesson.  Each podcast will start and end the same way. It will start with a description of podcast series, fade in to a consistent music jingle (Money For Nothing by Dire Straits – iTunes purchase) fade out to the current weeks podcast with an introduction to the lesson.  Each lesson will end by fading in and out of the same music jingle.

First Lesson - How Your Money Can Grow –The Magic of Interest

This is the first lesson in the podcast series, “Investing in Your Future".  The topic of this initial lesson is How Your Money Can Grow – The Magic of Interest.   In this lesson the audience will learn “how the rich get richer”.   This individual podcast will discuss the magic of interest and how it can make your money grow.  Topics to be covered in this lesson include the following:

1. How money can make money through investment.
2. Interest - what it is and how it works.
3. Interest depends on time and risk.
4. The calculation of interest is a mathematical equation.  I=P*R*T.
5. There are two types of interest, simple and compound.
6. Rule of 72 is the amount of time it takes for our money to double.

Since this is the first lesson, a consistent format for the podcast will be established.  It will stand as the basis for all of the podcasts in this series.  As discussed earlier in the description on the entire podcast series, the lesson will start with an introduction of the series, followed by a musical jingle.  The music will then fade out and the lesson will begin.  The lesson will end with acknowledgement of the audience, information on the next lesson and fade in and out with the same music jingle.

Click Investing in Your Future to hear the podcast.

I have also included the written narration for lesson 1 - How Your Money Can Grow –The Magic of Interest.  Feel free to read the narration as the podcast moves along.  

This Week's Thoughts

Podcasts - Who knew?  This was a great three weeks of learning.  I really didn't know what to expect on the topic of podcasts.  I knew absolutely nothing about them except that they had something to do with audio presentations.

I learned many things this week.  First, I now know what a podcast is, how to subscribe to a series and its value to education.  I also know how to search for podcasts on the internet and iTunes (who knew there were so many).  I am proud of the fact I can now create my own podcasts in three different types of software - Audacity, Camtasia and GarageBand.  Finally, I learned to upload a podcast to Dropbox and have anyone listen to it.

It is amazing how many of the 2012 AECT Standards are covered in this assignment.  Content Knowledge, Content Pedagogy and Learning Environments were covered thoroughly during this assignment.  Standard 3.6 - Diversity of Learners was addressed especially well with the use of podcasts.  With the diversity of our learners in our classroom and how they learn, podcasting is yet another way that we, as teachers, can facilitate learning for all of our students.