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BUS-121: Financial Planning & Money Management

BUS-121: Financial Planning & Money Management

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BUS-121: Financial Planning & Money Management

Chapter 14 - Estate Planning; Dealing with a Windfall - Slides 37 to 65

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No one enjoys thinking about a time when they will not be around anymore. Nevertheless, not dealing with estate planning can make your demise much more painful for your heirs. In this presentation, we discuss the various estate documents used in the estate planning process, including wills and trusts, as well as the important role of the competent legal professionals. We end with some advice about how to deal with a windfall. Thank you all for a great semester! We wish you the best of luck and success and hope to hear from you in the future about how this class helped you accomplish your financial goals in life.

Nov 15 2020

44mins

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Chapter 14 - Retirement Planning; Retirement Accounts: 401(k)'s, Roth IRA, etc. - Slides 1 to 22

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“Why should I think about retirement planning now? I have plenty of time!” That is what many younger adults ask themselves as they struggle to manage their current, day-to-day money management tasks. The answer is simple: If you don’t start planning now, your options become fewer and fewer and your choices become harder and harder. As we will learn in this presentation, more and more of the burden of providing an income in retirement is being placed squarely upon the shoulder of employees. It is not all bad news. In fact, the opportunities are there to create a substantial retirement income, especially if we start early and invest wisely. The pitfalls are also great, especially we fail to start early or invest poorly or as is often with case with too many individuals, do both. The good news if you do start early, you will be surprised at how little you need to sock away to have a substantial nest egg for your retirement. Start planning now! Start saving now!

Nov 15 2020

54mins

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Chapter 14 - The Baby Boomer Generation Retirement Time Bomb! - Slides 23 to 36

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We have a serious problem. Over the next 15 years, millions of Baby Boomers will be facing retirement and most all are simply not prepared for it. We discuss the implications of the coming tsunami wave of Baby Boomer retirees and what potential remedies we have to deal with it. Relax. It’s not as bad as the media make it out to be. We have dealt with serious problems in the past and we will deal with this one. Indeed, we are dealing with it at this very moment and things are not as bad as we thought they would be ... all for one major reason which we will reveal at the very end of the presentation.

Nov 15 2020

25mins

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Real Estate and Other Investment Alternatives - Slides 1 to 34

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It is said that real estate has created more millionaires in the United States than any other investment class. While this may be true -- it certainly seems plausible -- real estate is not without its risks. Ask those who bought that flipper condo in 2006. They lost their entire investment (their down payment) and still owe tens of thousands of dollars more than its current market value. In this presentation, we take a close look at real estate as an investment. We also take a quick look as some other investment alternatives and find that although these may be rewarding vehicles for some individuals, the vast majority of us are better off avoiding them altogether. Lastly, we cover Starting a Business, the Ultimate Investment! (It ain't fer everyone!)

Nov 08 2020

1hr 4mins

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Chapter 13 ‑ Fund Families; How to Pick a Mutual Fund; Hypothetical Illustrations ‑ Slides 16 to 24

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In our final presentation, we then turn our attention to just a few of the major mutual fund families and their offerings and take a look at a sample mutual fund with a long track record. Lastly, we revisit dollar cost averaging and find that if we choose wisely, invest consistently, and remain patient, with a long time horizon, we might just be very wealthy one day. But remember: There are no guarantees!

Nov 04 2020

37mins

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Chapter 13 ‑ Types of Mutual Funds, The Spectrum of Risk versus Return ‑ Slides 9 to 15

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With over 12,000 mutual funds available, how and where do we start searching for the right one for us? It is not an easy task. We start by looking at just a sampling of the major categories of mutual funds, from the riskiest to the most conservative. In the next presentation, we will then focus on some of the major mutual fund families and look closely at a sample mutual fund.

Nov 04 2020

1hr

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Chapter 13 ‑ Introduction to Mutual Funds ‑ Slides 1 to 8

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Mutual funds truly are the “Investments for the Masses.” With as little as $25 to $50 per month, investors get professional money management and diversification, two great advantages. What are the disadvantages? Well, for starters, mutual fund investors get charged fees that the investors rarely understand. We briefly discuss the annual operating expenses and the various fee classes.

Nov 04 2020

32mins

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Chapter 12 - All Stars of Investing; Famous Myths & Stupid Sayings - Slides 48 to 59

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When attempting to learn how to do something, does it not make sense to study those who are the experts at doing it? In this presentation, we introduce some of the "All Stars of Investing" and listen to what advice they can give us. We also take a look at a collection of famous myths and stupid sayings and try to learn from them what not to do! Lastly, we examine how can get started in a career in the stock market.

Oct 31 2020

36mins

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Chapter 12 - Investment Theories; Stock Strategies - Slides 36 to 47

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There are three main theories of stock investing, fundamental analysis, technical analysis, and the efficient market theory. We examine all three and some of the various stock investing strategies as well as the concepts of asset allocation and rebalancing, and stock investing in retirement. We end this presentation with a discussion of the various sources of stock investments information.

Oct 31 2020

32mins

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Chapter 12 - Stock Indexes; Numeric Measures - Slides 19 to 35

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How can we say that stock investments have returned 8% to 10% over the long term? In the session, we discuss the various stock indexes that are used to measure the success (or lack thereof) of stock investing. We also learn how to compute some of the most popular and fundamental numerical measures of stock investments, including earnings per share, dividend yield, book value, market capitalization, and price-to-earnings ratio. We end by examining these numerical measures of some very well-known corporations.

Oct 30 2020

53mins

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Chapter 12 - Introduction to Stocks; Stock Types - Slides 1 to 18

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Stocks are exciting! Stocks are sexy! Stocks are risky! Welcome to our first presentation on stock investing. What are stocks? Why do corporations issue stock? Why do investors purchase stocks? We learn these and other fundamentals of stocks and stock investing, how investors purchase stocks, and the largest categories of stock types. Let's get started!

Oct 30 2020

1hr

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Chapter 11 ‑ Introduction to Investments ‑ Slides 1 to 28

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It is time for the best part of the class, investments! In this presentation, we introduce some fundamental concepts of investing and how to get started investing. Our second presentation will then present an overview of the various major types of investments. Which investment or investments are the best for you? That is a difficult question to answer. In the next several presentations, we will learn the advantages and strengths and the disadvantages and weaknesses of the major investment types and you can decide for yourself. As famed investor Warren Buffet is fond of saying, “Investing is simple, but it ain’t easy!”

Oct 25 2020

29mins

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Chapter 11 ‑ Overview of Investment Alternatives ‑ Slides 13 to 28

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What are the major investment asset classes? What returns can we reasonably expect from each over the long term? What risks are involved with each investment type? This presentation will answer these preliminary questions about the major investment types from a general perspective. We will then look at each in detail over the next several chapters.

Oct 25 2020

41mins

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Chapter 11 - Investing in Bonds - Slides 29 to 51

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Bonds are boring. Yep, there is no other way to get around that fact. But in the world of investing, boring can have many advantages. In general, bonds are reliable, consistent investments that during normal times, exhibit far less volatility than stocks and other riskier investments. (Volatility is the financial world's fancy way of saying, "You can lose a lot of money!") In this presentation, we delve into the world of bonds and you will learn why the famous industrialist Andrew Carnegie said, "Gentlemen prefer bonds."

Oct 25 2020

46mins

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Chapter 10 - Life Insurance: Buy Term and Invest the Difference! - Slides 1 to 36

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No insurance can be more necessary and, at the same time, more evil than life insurance. For many decades, consumers groups and state insurance commissioners have advised consumers that they will almost always be better off choosing low-cost term life policies instead of high-cost whole life policies. Not surprisingly, for the same number of decades, the life insurance industry has steered people away from low-cost term life policies and toward costly whole life policies. Every few years, they change the name of whole life policies to confuse the public. The new spin is "permanent" life insurance. Don't be fooled. Get the facts in this presentation and learn why you are almost always better off if you "Buy Term and Invest the Difference."

Oct 02 2020

58mins

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Chapter 8 - Intro to Insurance, Homeowner's & Renter's Insurance - Slides 1 to 23

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"Insurance: The Necessary Evil" is something you normally only hear if you work in the insurance industry. However, no description could be more appropriate. Insurance is both absolutely necessary and potentially very detrimental to our financial well-being. In the next three chapters, we will learn the reasons we need – and don't need – insurance and why we must always keep our backs to the wall when we deal with the insurance industry. This first presentation discusses homeowners and renters insurance.

Oct 01 2020

56mins

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Chapter 9 - Health and Disability Insurance - Slides 1 to 21

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In the United States of America, health care is a thorny issue that divides our nation. Our cost per person is approximately twice that of all other industrialized countries. Any attempts to try to contain the costs or change the system are met with fierce resistance. The problem is not going away so let us hope that we can begin to have a responsible dialog and work together to find solutions. (Ha, ha, ha, ha, ha, ha, ha, ha! Sorry, I can't help being cynical. Oh, by the way, please remember: Don't give sick!)

Oct 01 2020

45mins

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Chapter 8 - Auto Insurance - Slides 24 to 44

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What You Don't Know About Your Automobile Insurance Can Hurt You! Your insurance agent tells you that you have "full coverage" automobile insurance and you now believe that no matter what happens, you will be covered by your insurance company. This is a dangerous myth! No insurance offers unlimited coverage. In this presentation, you will learn the limits to your bodily injury and property liability coverage, the most important form of automobile insurance. We will also discuss some other important aspects of automobile insurance including uninsured and underinsured motorist provisions, and collision and comprehensive coverage.

Oct 01 2020

34mins

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Chapter 7 - Home Buying Process, Mortgage Calculations - Slides 19 to 35

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Buying a home is a grueling ordeal! There is no other way to explain it. Yet, every year, hundreds of thousands of first-term home buyers enter the market and with a long-term perspective, they are usually well rewarded with both a home and a very good long-term investment. We investigate what you will encounter as you begin this journey. We will also discuss the effects of the 2000's housing bubble and disastrous aftermath. We end our discussion with learning how to calculate the principal and interest payments for fixed-rate mortgages and see that mortgage interest rates are the lowest they have been in decades.

Sep 26 2020

55mins

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Chapter 7 - Housing, Renting versus Owning - Slides 1 to 18

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If you are like most Americans, the largest expense item on your cash flow statement will be your rent or mortgage payment. We discuss the advantages and disadvantages of renting versus owning. The choice is not always clear, no matter what the real estate industry says.

Sep 26 2020

34mins

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iTunes Ratings

68 Ratings
Average Ratings
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Don’t pass this up great introduction to personal finance

By Mr. long drive home - Jul 21 2014
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This teacher is informative and engaging. He provides information on a breadth of personal finance topics in a way that is approachable. I enjoyed this format because I could focus on the sections that interested me most and review sections as much as I needed. The information is great for non-business majors that want to learn how to begin to manage our personal finances.

Southwestern 121

By madddawg23 - Dec 03 2013
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Will not play chapter 2. Please correct. Very good other than that.