8/14/2019 Economics Class

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In January’s economic class theBasics of Money was discussed. Thetopics included:

• The History of Bartering

• Supply & Demand

• What is Money?

• Where is Money printed?

• Inflation

The girls learned that bartering isthe exchange of personalpossession of value for other goodsthat you want. The girls excitinglyshared their own experiences with

bartering their goods with others.Ginger shared her story of Supply& Demand when she sold herFlubber to a park full of children.

Basics of Money $$

What is Income?

In February, we discussed how dowe make money and income. Thereare three types of income: Earned

Income, Portfolio Income, andPassive Income. We looked at asample paycheck with all of thenormal deductions, and the girlswere amazed at how much smallera paycheck looks after deductionsare taken. We talked about ways

Economics ClassHuakailani School for Girls

March 2010

Volume 1, Issue 1

She had so much demand for it sheraised her price. I explained thatmoney is just a piece of paper itdoes not have any inherent valuelike a house that provides shelter.Money is a good that acts as amedium of exchange intransactions. In the old dayspeople used shells as the medium.The girls learned that money isprinted in San Francisco, Denver,Fort Knox, West Point, andPhiladelphia. Lastly, we talkedabout inflation. The girls read anexample of a movie costing $10.00

overtime it was raised to $11.50. Soin definition “Inflation”: means thegeneral level of prices of goods andservices is increasing.

to get earned income, portfolioincome from investments, and passiveincome from rental properties andlimited partnerships.

Although many of this like learning aforeign language to the girls as wellas many adults, it is a seed plantedthat will eventually grow into a treeof understanding in the future.

8/14/2019 Economics Class

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146 Hekili StKailua, HI 96734

E-Mail:huakailani@gmail.com

Give a man a fish and you feed him for a

day.Teach a man to fish

and you feed him for a lifetime.

-Chinese Proverb

Towards the end of February wetook a field trip to Central PacificBank in Kailua to see customersactually banking. We had a shorttour of the ATM machine room aswell as the vault with the safedeposit boxes. Misu Green of CPBshowed us how to wrap money andfill out a deposit slip. We left with

Continued Story Headline

I was born and raised in Kailua, Hawaii however I currently reside inKaneohe with my husband Mike and two sons Jacob and Justice. I was

originally introduced to banking and finance in 1991, while working forBank of Hawaii. I assisted customers with their daily financial needs andtransactions, with superior customer service. Although, I loved thecustomer interaction, I longed to learn more about finance and business. Idiscovered Edward Jones in 2001 and after six years became a FinancialAdvisor. I graduated from the University of Phoenix with a Bachelor’s of Science, in Business Management. I had the pleasure of educating theemployees of Castle Medical Center in 2009, and I am always looking foropportunities to educate individuals on the fundamentals of investing. Ialso teach Financial Workshops at the Windward School for Adults –Spring, Fall, and Winter sessions. I am so pleased to have the opportunityto teach the young girls of Huakailani School and it is my hope that I caninstill change with financially educated children.

ABOUT MRS. KAELENE WONG….

Huakailani School

a goodie bag that included a savingspassbook, a pencil, and handsanitizer. Thank you to CPB Kailuafor allowing us to visit. We will beusing the savings passbook and wesimulate what credits and debitsare while practicing deposits andwithdrawals.