Money Management, Keys to Successful

A new section of each course starts monthly. If enrolling in a series of two or more courses, please be sure to space the start date for each course at least two months apart.

All courses run for six weeks, with a two-week grace period at the end. Two lessons are released each week for the six-week duration of the course. You do not have to be present when lessons are released. You will have access to all lessons until the course ends. However, the interactive discussion area that accompanies each lesson will automatically close two weeks after the lesson is released. As such, we strongly recommend that you complete each lesson within two weeks of its release.

The final exam will be released on the same day as the last lesson. Once the final exam has been released, you will have two weeks to complete all of your course work, including the final exam.

Lesson 1
In this course, you'll discover the keys to achieving financial freedom steadily and successfully. You'll learn how to make financial discipline and wise financial choices a natural part of your life. Our journey begins today with an overview of the five steps of financial planning.

Lesson 2
How much money do you actually have and where is it all going? You have to be able to answer these questions before you can create a financial plan. So, in this lesson, we'll work on organizing your financial life. You'll create an organized filing system, get a handle on your spending, and learn how valuable cash flow statements, budgets, and balance sheets are to financial success. Don't worry; it's not as hard as it sounds!

Lesson 3
There are three types of investment money: short-term, intermediate, and long-term. We'll start this lesson with a look at short-term money and the purpose it serves. This is money you would set aside for something specific in the near future like buying a car, making a down payment on a house, or paying off interest-free debt. You'll learn the trade-off between investment risk and investment reward and see why it takes more than putting your money in a savings account to get rich.

Lesson 4
In this lesson, you'll learn how a combination of stocks, bonds, and mutual funds will help you build wealth. You'll also see how investment risk correlates with investment return. Then you'll discover how time mitigates higher-risk investments, making them an excellent choice if you've got enough time and want to see double-digit returns.

Lesson 5
Saving money to fund a college education is a common financial goal. So, today we'll talk about the pros and cons of the different education savings plans that are out there. By the end of this lesson, you'll be the neighborhood expert on saving for college!

Lesson 6
Most people's number-one financial goal is saving for retirement. Social Security alone won't cover the bills. Some of us have employer pension plans, but many of us have to figure out how we'll make up the shortage once we stop working. This lesson is about taking care of yourself in retirement. We'll examine retirement savings plans and discover why they're a great place for your cash investments.

Lesson 7
Up to now, this course has been about accumulating cash assets. Today we'll learn how real property assets complement your wealth. Real property assets are things you can feel, see, and touch (such as land or precious metals). When you complete this lesson, you'll know the challenges and benefits of owning real property.

Lesson 8
Since most of us don't have enough to buy a house with cash, we need someone to lend us money. Going to the bank for a loan isn't as simple as walking in and filling out an application. Completing an extensive questionnaire about your income, debts, and job history is part of the loan process, but there's more. You need to decide which kind of mortgage to apply for. Just like there are a number of ways to order coffee from your favorite barista, there are a number of ways to finance a house. In this lesson, you'll learn about the different loan types, understand why some cost more (or less) than others, and figure out which loan program is best for you.

Lesson 9
Almost all of us have credit cards in our wallets. And most of us are plagued by consumer debt. Credit cards, car loans, car leases, and in-store financing are where consumer debt builds up. But today you'll learn how to use these forms of financing to maximize your wealth.

Lesson 10
As you accumulate wealth, it's important to protect it against loss. We buy car insurance in case of car crashes, homeowners insurance in case of damage or destruction to our houses, and health insurance to help with the rising cost of medical care. These are obvious assets to protect, but what about your most valuable asset: your ability to earn an income? If you have people depending on your paycheck to put food on the table and a roof over their heads, then you need to protect your income. So in this lesson, we'll talk about life and disability insurance and when you should get them.

Lesson 11
Today, we'll talk about the professionals who can help you on your journey toward wealth. You'll learn the areas of expertise for an attorney, CPA, financial advisor, and insurance agent. You'll also get a sense of when is the right time to call on each of these professionals.

Lesson 12
In this, our final lesson, we'll talk about the most challenging part of the financial planning process: implementation. We will go over a technique that's very helpful in getting you and keeping you moving on your journey toward wealth. You'll leave this course knowing what you need to do to reach your goals and how to do it. You'll have everything it takes to achieve financial freedom!