Financial Basics Everyone Should Know (2019)
1h 17mGeneral2019-08-06
Authors
Michael McDonald
Researcher and Professor of Finance at Fairfield University
Course details
How do banks work? Are you saving enough for retirement? Considering the answers to these questions and understanding financial basics is critical to planning a strong financial future. This course breaks down the mystery around the financial industry and provides practical knowledge for everyone, so you can manage accounts in an informed way, whether you are working with a financial advisor or not. Topics covered include savings, investments, insurance, retirement, and more.
Learning objectives
Researching banks and bank rates
Using certificate of deposits
Monitoring credit scores
Investing in the stock market
Leveraging brokerage accounts
Using mutual funds, ETFs, and bonds
Diversifying a portfolio
Leveraging life and property insurance
Examining HSAs as an option
Planning for retirement
Comparing 401(k) to 403(b)
Using Roth IRAs and SEP accounts
Learning objectives
Researching banks and bank rates
Using certificate of deposits
Monitoring credit scores
Investing in the stock market
Leveraging brokerage accounts
Using mutual funds, ETFs, and bonds
Diversifying a portfolio
Leveraging life and property insurance
Examining HSAs as an option
Planning for retirement
Comparing 401(k) to 403(b)
Using Roth IRAs and SEP accounts
Skills covered
Personal FinanceCorporate FinanceFinance and AccountingProfessional DevelopmentOne-Off
Concepts
Introduction - What Is Finance
- Getting a handle on your finances
Save
- Understanding how banks operate
- Understanding bank rates
- Using certificate of deposits
- Understanding credit scores
Invest
- The stock market
- Determining when to adjust assets
- Determining the value of a stock
- Setting up a brokerage account
- Investing with mutual funds
- Investing with ETFs
- How bonds work
- Diversifying your portfolio
Insurance
- The basics of insurance
- The basics of life insurance
- The basics of property insurance
- Deciding whether HSAs are right for you
Retire
- Considering the four principles to retire
- Applying two rules for retirement
- Choosing between 401(k) and 403(b)
- Using Roth IRAs and SEP accounts
Conclusion
- Wrap up