Overview

Learn the basic principles of money management with this course that teaches you how to build a financial plan to achieve your goals.

Money management can be intimidating. Fortunately, most of us only need to know a few basic principles to get our financial houses in order. This comprehensive overview from Professor Finke explores essential concepts to help you make good financial decisions. Using a scientific approach, he provides tips to avoid emotional decisions that can negatively impact your finances.

Course Content

1. Understanding Your Financial Brain

Examine the tension between conscious decision-making and emotional responses to financial management. (34 min)

2. Managing Money with Life Cycle Theory

A framework for making financial decisions at different life stages. (28 min)

3. Basic Investing – Keep It Simple

Learn essential investment principles and the importance of diversification. (28 min)

4. The Key Financial Instruments

Explore various investment options and build a long-term investment strategy. (30 min)

5. How to Use Credit Optimally

Understand how to leverage debt as a financial tool while avoiding pitfalls. (29 min)

6. Investing in Education

Learn about the return on investment in education and the risks of student loans. (32 min)

7. The Economics of Home Ownership

Evaluate the pros and cons of home ownership and mortgage basics. (30 min)

8. Managing Risk with Insurance

Understand the principles of risk management and essential coverage types. (30 min)

9. Essential Tax Principles

Get a clear overview of the U.S. income tax system, credits, and deductions. (29 min)

10. Saving for Retirement

Demystify the retirement savings process and explore different investment options. (33 min)

11. Fundamentals of Estate Planning

Create a roadmap for managing your financial affairs after you pass. (32 min)

12. Putting Your Financial Plan Together

Build a realistic financial plan, including cash-flow statements and budgets. (35 min)