Videos: Table of Contents

IntroductionWatch on YouTube

1.0 Budgeting

  • 1.1 Establishing Goals, Timelines & Priorities
  • 1.2 A "Zero Sum" Equation Watch on YouTube
    • Fixed vs. Variable income & expenses; discretionary spending; emergency "stash"
  • 1.3 Track, Assess & Revise
    • Plugging discretionary spending leaks
  • 1.4 Cars, Houses & Apartments
    • Acquisition, ownership & operating costs
  • 1.5 Committed Relationships
    • Equitable sharing of costs; checkbook management; savings & debt decisions

2.0 Cash Management

  • 2.1 Gross vs. Net Pay
    • Tax obligations & salary withholdings
  • 2.2 Part One, Problem #1
  • 2.3 Checking Account Policies & Practices
    • Tracking balances & managing fees
  • 2.4 Debit Cards
    • Fraud protection & other consumer protection issues
  • 2.5 Strategies for Success
    • Record, reconcile, schedules & read
  • 2.6 Record RetentionWatch on YouTube
    • Recommendations

3.0 Taxes

  • 3.1 Federal Taxes & Forms
    • Progressive versus regressive; marginal tax brackets; long versus short-form returns
  • 3.2 State Income Taxes
    • Federal Inputs
  • 3.3 Calculating Federal TaxesWatch on YouTube
    • Organization & math
  • 3.4 Managing Withholdings
    • Projecting tax liability; adjusting W4 fillings
  • 3.5 Part One, Problem #2

4.0 Acquiring, Managing & Protecing Credit

  • 4.1 The 5 C's of CreditWatch on YouTube
    • Credit underwriting process
      • Capital, Capacity, Collateral, Conditions, Character
  • 4.2 Credit Bureaus
    • The "story arc" of your financial life; credit = trust
  • 4.3 Credit Scores
    • FICO scores & their uses; "a naturally occurring byproduct..."
  • 4.4 Managing Credit
    • 5 steps to managing credit
  • 4.5 Identity Theft
    • 8 million victims - most 20-29; data breaches by others, personal failures by us; 3 keys to safety; what to do "when lightning strikes"

5.0 Bank Loans

  • 5.1 The Decisioning Process
    • Differences between financial institutions; 4 decisions all lenders make
  • 5.2 Loan AmortizationWatch on YouTube
    • Payments = Principal + Interest
  • 5.3 Part Two, Problem #1
  • 5.4 Financing Manipulations
    • Low-rate, no-interest & "blind" discounts
  • 5.5 Part Two, Problem #5
  • 5.6 Consumer Loan Agreement Terms & Conditions
    • Loan Amount; Down Payment; Term; Interest Rate; Fees; Collateral; Points; Escrow; Payment Schedule; Default Provisions; Assignment; Prepayments; Annual Percentage Rates (APR)
  • 5.7 Refinancing & Loan Recasting
    • Knowing the differences; evaluating the alternatives
  • 5.8 Part Two, Problem #2
  • 5.9 Underwater Loans
    • Syncing ownership intentions with loan durations

6.0 Student Loans

  • 6.1 Government Loans
    • Cost benefits & restructuring flexibilities
  • 6.2 Private Student Loans
    • Cost disadvantages & restructuring inflexibilities
  • 6.3 Strategies for Controlling Student Loan DebtWatch on YouTube
    • Comparing tuition costs, inflation rates & academic outcomes; establishing "hard" limits; choosing the best loan programs; avoiding negative amortization; anticipating the repayment

7.0 Leases

  • 7.1 Mechanics, Policies & PracticesWatch on YouTube
    • Ownership responsibilities versus reduced cost; 3 profit centers
  • 7.2 Key Components of a Typical Lease
    • Mileage, capital cost reduction, non-cancelability & default provisions
  • 7.4 Part Two, Problem #4

8.0 Credit Cards

  • 8.1 Mechanics, Policies & Practices
    • 3 Profit Centers; managing avoidable fees; implications of the C.A.R.D. Act
  • 8.2 Prepaid Cards
    • Fees & consumer protection issues
  • 8.3 Credit Cards & Cellphones
    • Security & consumer protection considerations
  • 8.4 Strategies for Managing Credit Card UseWatch on YouTube
    • 5 ways to manage use; 2-card strategy
  • 8.5 Part Two, Problem #3

9.0 Debt Management Strategies

  • 9.1 Prioritizing Your Borrowing Options
    • Lowest to highest cost financing alternatives
  • 9.2 Decision-Making StrategiesWatch on YouTube
    • Know your limits; understand the math; understand what you're signing; know your rights

10.0 Education, Earnings & the Quality of Life

  • 10.1 Education & Human Captial
    • Human, Financial & Social Captial
  • 10.2 School & Program Choices Watch on YouTube
    • Alternative settings; testing-out; intersession credits; cost-per-credit approach; scholarships & grants; other savings
  • 10.3 Borrowing the Right Amount
    • Managing to <10% of gross salary; apply for relief; prevent compounding; become "one" with your future payment
  • 10.4 Part Three, Problem #1

11.0 Career Choice vs. Career Chance

  • 11.1 Establishing Preferences
    • What & where; Plan B & Plan C
  • 11.2 Setting the Stage for Contact
    • Focus, flexibility & preparation
  • 11.3 Phone Screen & In-Person Interviews
    • Preparation, appearance & follow-up
  • 11.4 Evaluating & Choosing between OpportunitiesWatch on YouTube
    • Putting Money Last; what, where, who & how
  • 11.5 Part Three, Problem #2
  • 11.6 The Entrepreneurial Option
    • Choice vs. circumstance; taking the right approach

12.0 Savings & Investment Strategies

  • 12.1 Financial Planning
    • 4-Step Process; document, value, timeline & list alternatives
  • 12.2 Time Value of MoneyWatch on YouTube
    • Money in hand today vs. tomorrow; rate of return vs. rate of inflation; compound interest
  • 12.3 Projecting Long-Term Values
    • What, how much, when & rates of return; impact of compound interest
  • 12.4 Part Four, Problem #1
  • 12.5 Decisioning Strategies
    • Evaluating the options; risks vs. rewards; know what to expect; ensure liquidity; diversify holdings; know what you're signing

13.0 Longer-Range Planning

  • 13.1 A 3-Pronged Approach to Retirement PlanningWatch on YouTube
    • Personal savings; retirement-specific savings; Social Security
  • 13.2 Projecting Future Needs
    • In-hand today versus future needs; necessary adjustments
  • 13.3 Part Four, Problem #2

14.0 Automobile Purchases

  • 14.1 Acquisition, Operating & Ownership CostsWatch on YouTube
    • Upfront versus continuing costs; budgeting implications; used car purchases
  • 14.2 Trade-Ins, Private Sales and Sales Taxes Implications
  • 14.3 Part Five, Problem #2Watch on YouTube
  • 14.4 Warranties
    • Express, implied, limited & extended; summing it up

15.0 Home Purchases

  • 15.1 Renting vs. Buying
    • The Great Recession's Impact on the "American Dream"; employment, career, resources & preferences; "consumer good" vs. "investment good"
  • 15.2 Acquisition, Ownership & Operating CostsWatch on YouTube
    • Cost-per-square-foot approach
  • 15.3 Part Five, Problem #1Watch on YouTube
  • 15.4 Real Estate Purchase Agreements
    • Purchase Price; Financing; Title Insurance; Property Condition; Property; Prorations for taxes, insurance
  • 15.5 Home Equity
    • How equity is created; the "wealth effect" & imprudent borrowing

16.0 Insuring Your World

  • 16.1 How Insurance Companies Make Money
    • Coverage, policies & premiums; probabilities; exclusions & deductibles; strategies; type, market values, understanding exclusions, limiting deductibles, comparing quotes, researching carriers, exploring alternatives
  • 16.2 Part Six, Problem #1
  • 16.3 Homeowner's, Renter's & Automobile InsuranceWatch on YouTube
    • Property vs. casualty insurance; definitions of negligence; principal of indemnity; value of renter's insurance; auto policy collusion, comprehensive, liability & medical coverage; accidents & traffic tickets
  • 16.4 Health Care Insurance
    • Group plans affordability & tax advantages; evaluating choices & comparing options; High Deductible Health Plans & Health Savings Accounts
  • 16.5 Part Six, Problem #2
  • 16.6 Life Insurance Policies & More
    • Term vs. Whole Life policies; Accidental Death, Long Term Disability, Long Term Care

17.0 Financial Distress

  • 17.1 Payment DefaultWatch on YouTube
    • A worst-case scenario; what to do to avoid the misery
  • 17.2 Part Seven, Problem #1
  • 17.3 Workouts, Restructures & Bankruptcy
    • Interest-only payments; payment moratoriums; loan modifications; short sales; Chapter 7 vs. Chapter 13 bankruptcy & student loans; "strategic default"
  • 17.4 Part Seven, Problem #2

Closing Comments

Where to Watch

Udemy

The place to go to purchase the entire course, which also includes the text.

Mitchell D. Weiss on YouTube

My YouTube channel has some of these video clips available to preview.