Money management can be intimidating. Fortunately, most of us only need to know a few basic principles to get our financial houses in order. Learn these principles in this comprehensive overview of what everyday people need to know to make good financial decisions. Using a scientific, evidence-based approach, Professor Finke shows how humans are hard-wired to make emotional decisions that often run counter to the best course of action when it comes to finances - and gives tips for how to avoid these common mistakes.
The goal of money management is to maximize our happiness at every stage of our lives. Whether you are a novice investor or a seasoned pro, starting your first job or contemplating retirement, these 24 straightforward lectures are an excellent primer for making successful financial decisions at every stage of your life. Professor Finke takes you on a tour of some of the most widely available financial products and tools, from mutual funds to life insurance to college savings accounts, and he offers evidence-based guidance for building a financial strategy.
After reviewing the psychology of decision-making - and how our instincts often steer us wrong when it comes to loss aversion, risk tolerance, and information overload - Professor Finke explains the "life cycle theory" of financial planning. This eye-opening theory offers a framework for making financial decisions based on the different stages of your life, and it will give you an entirely new perspective on money management. The goal is simple: to get the most out of your money across time.
While everyone's life is different, the information and sound advice in this course will empower you to create your own financial plan to reach your goals. From setting financial goals and managing debt responsibly to investing in home ownership and preparing for retirement, Professor Finke provides a worry-free approach to handling all aspects of your financial life.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2014 The Teaching Company, LLC (P)2014 The Great Courses
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"I thought I knew a lot, but I was schooled"
I bought this course because it had so many positive reviews, and I thought "Maybe I might learn something."
I learned far more than I imagined, some of it contrary to what I believed EVERYONE knew.
Professor Finke is obviously well-versed on the subject, and his enthusiasm for it overcomes any boredom that I might have found in what I generally find a pretty dry subject.
Although my knowledge of investments and diversification were strong, Professor Finke helped me reconsider what money is for. He introduced the topic of Life Cycle Theory - which is that you should consider all the money you'll make in your life and apportion it out to provide you with the maximum benefits, including pleasure, throughout your life.
This idea stunned me, as it suggests that perhaps a twenty-something should borrow money to fund her home, education and other life experiences, knowing these debts will be paid by her older self.
I was also stunned to find that home ownership isn't always the best financial decision, how to consider insurance and some good tax strategies.
If these topics sound dull, Professor Finke made them seem interesting and easily understandable.
This is one of my top five Great Courses. I just wish I had bought it 20 years ago.
"Not for non US listeners"
The content is very interesting for someone living in the USA, but else it's not so applicable for international listeners.
"Excellent practical overview of critical topic "
I am both a lawyer and a banker. Notwithstanding significant professional training, I found very useful new info in this course. I also found helpful motivation to review and revise some of my personal financial plan.
If you are in doubt about this course, get it. Listen and take notes. Apply the principles and you will sleep more peacefully now, and thank yourself for years to come.
"Covers a broad range. Very useful"
I would recommend this book to anyone, however, only a few courses are likely to apply to them.
I wouldn't change anything. It's supposed to be informative and it was.
It's easier to listen to informational material than to read it just because of the conversational , engaging style of the former. I believe it would challenging to write a book that is equally engaging.
Absolutely not. Only a few sections were relevant to me.
"Money, Money Money and why I dont have any........"
The course did not lecture and gave practical advice in thinking and planning.
Learning about insurance coverage and retirement
"Should be mandatory class for all"
While basic, this course does a very good job of outlining the basics of personal finances. And while American, the vast majority of the principles and recommendations are universal. If you have a young adult or teen living with you, get them to listen to this book. It should be a mandatory course in all grade 12 students across North America. Narration was solid and there's humour throughout, so it the 6-plus hours goes by quickly. Highly recommend.
"Good starting book for personal money management"
The book gives you some sort of structure of personal money management tools as well as a basic understanding of the main good planning concepts. Definitely you will learn a thing or two. My problem with the book it is mainly talks about the American system and I live in Australia.
I never really knew half the stuff in this book I was so ignorant! it taught me about mortgages, I'm 25 and some of those things I never even considered to look into. I originally wanted to just be more efficient with my money but I got alot of info. the great course's books are always so good and rich with info.
Solid overview of personal finance planning with essential information for beginning students and good tips for advanced students. One word of caution regarding the lectures is that the life cycle theory which advises spending more when you are young is a sound economic theory, but lousy personal finance advice.
money well spent! be good if they had 1 for Australia. I do get a rough idea about taxes and banking. top notch.
"Best to wait until you have a job."
Personally, I'll do it again once I'm a bit older and have a job. At the moment I am a student at university and so a lot of the things that he talks about. (i.e. retirement and investing) are stuff that I cant really do at the moment. I really just wanted to know how to manage my money so that I could make it to the end of the month.
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