Money Management Skills

Economics Business Subtopic & Economics Topic Course Guidebook Professor Michael Finke Texas Tech University Money Managemen ...

PUBLISHED BY: THE GREAT COURSES Corporate Headquarters 4840 Westfields Boulevard, Suite 500 Chantilly, Virginia 20151- Phone: 1- ...

i Michael Finke, Ph.D. Professor of Personal Financial Planning Director of the Retirement Planning and Living Consortium Texas ...

ii USA TODAY, Kiplinger’s Personal Finance, and SmartMoney+HLVDOVR DIUHTXHQWJXHVWRQQDWLRQDOUDGLRVKRZVVXFKDV135¶V ...

iii Disclaimer 7KH¿QDQFLDOLQIRUPDWLRQSURYLGHGLQWKHVHOHFWXUHVLVIRULQIRUPDWLRQDO SXUSRVHVRQO\DQGQRWIRUWKHSXUSRVHR ...

iv Table of Contents LECTURE GUIDES Course Scope .............................................................................. ...

Table of Contents v LECTURE 11 Fundamentals of Estate Planning..................................................... LECTURE 12 P ...

vi ...

 Money Management Skills Scope: M DQDJLQJPRQH\LVPRUHWKDQEHLQJIUXJDO,W¶VDERXWUHFRJQL]LQJ KRZZHUHVSRQGHPRWLRQDOO\W ...

Scope 2 Following a life cycle plan involves understanding our choices for borrowing DQGLQYHVWLQJRYHUWLPH(GXFDWLRQLVDPRQJ ...

 Understanding Your Financial Brain ................................................... Lecture 1 + RZGRZHSUHSDUHRXUVHOYHV ...

 Lecture 1: Understanding Your Financial Brain LQ \RXU KHDG ,W¶V responsible for things like emotions, automatic responses ...

 ¿QDQFLDOSODQQHUVKDYHEHHQXVLQJIRUGHFDGHVWRKHOSWKHLUFOLHQWV PHHWORQJWHUPJRDOV % ,I\RXGHSRVLWDGROODU ...

6 Lecture 1: Understanding Your Financial Brain % Loss aversion is fascinating because we seem to give a lot more ZHLJKWWRVPD ...

7 % %UDLQ IDWLJXH FDQ OHDG WR YHU\ EDG GHFLVLRQV ZKHQ ZH KDYH WR make an offer on a house, choose a mortgage, or ev ...

 Lecture 1: Understanding Your Financial Brain (VSHFLDOO\ ZKHQ LW FRPHV WR VDYLQJ IRU UHWLUHPHQW WKH EHVW VWUDWHJ\L ...

 EXWLWPDNHVXVIHHOJRRGWRORFNLQJDLQVIURPDZLQQLQJVWRFN ,QYHVWRUVZLOOSUHGLFWDEO\VHOOWKHLUZLQQHUVDQGNHHSWKHLU ...

 Lecture 2: Managing Money with Life Cycle Theory Managing Money with Life Cycle Theory ...................................... ...

 % $FFRUGLQJWROLIHF\FOH¿QDQFH\RX¶UHGRLQJLWULJKWLIWKHDPRXQW of happiness you get from spending in all of your lif ...

 Lecture 2: Managing Money with Life Cycle Theory ZH¶UH DOVR RIWHQ PDNLQJ DQ LQYHVWPHQW²LQ RXU HGXFDWLRQ$QG HGXFDWLR ...