Category Archives: 10 Principles of Personal Finance

Your Financial Personality – Taming Your Emotions When Investing – an Audio Discussion

Posted on May 2, 2013 by

When it comes to investing – your financial personality, which is a reflection of your attitude about money based on your behavioral and emotional traits, tends to get in the way of good decision making.  When it comes to money, … Continue reading →

Posted in 10 Principles of Personal Finance, Ch.11, Investment Basics, Ch.18, Financial Life Events | Tagged , , , , , ,

Understanding Why You Invest as You Do – A Look at Your Financial Personality

Posted on April 24, 2013 by

Use your brain, don’t act emotionally – that’s generally the advice given to individuals when they invest.  Unfortunately, it’s impossible to take your financial personality and your emotions out of investment decisions.  In Chapter 1 of Personal Finance, Turning Money … Continue reading →

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The Money Code and Your Financial Personality

Posted on April 17, 2013 by

In Chapter 1 of Personal Finance, Turning Money into Wealth, we introduce Principle 9: Mind Games, Your Financial Personality, and Your Money.  That principle points out how behavioral biases can lead to big financial mistakes. In effect, your mind can … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 1, Financial Planning Process | Tagged ,

Payday Loans and Why to Avoid Them

Posted on February 28, 2013 by

As you learned in Chapter 7 of Personal Finance, Turning Money into Wealth, you should be wary of “payday loans.” Recently, banks have moved into this market with “bank deposit advance loans” which look an awful like payday loans – … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 7, Consumer Loans, Ch.18, Financial Life Events | Tagged , , , ,

The Lifetime Cost of Pets

Posted on September 24, 2012 by

Teaching Tip:  If you can show the Infographic the “Lifetime Cost of Pets,” you can begin this discussion by asking which students have, or are considering, adopting a pet.  Then ask everyone in class to write down a guess as … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 1, Financial Planning Process, Ch.18, Financial Life Events | Tagged , , , , , , ,

Paying Off Your Debt

Posted on September 18, 2012 by

Teaching Tip:  “Bridge to Financial Freedom, 7 Steps to Paying Off Your Debt” is a great Infographic and makes a for an excellent class discussion or short lecture.  It can be projected on a screen in class and talked through … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 2, Measuring Financial Health and Making a Plan, Ch. 7, Consumer Loans, Ch.18, Financial Life Events | Tagged , , , , , ,

Class Discussion: Birth Order and Your Financial Personality

Posted on March 28, 2012 by

Bankrate.com recently looked at the impact of birth order on personal finance in the article “How birth order can affect your finances.”  It takes an interesting look at how being the oldest, youngest, or somewhere in between can impact your … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 1, Financial Planning Process | Tagged , , , , , ,

Class Assignment and Discussion: Finding out a bit about yourself – Life Values Quiz

Posted on February 12, 2012 by

Teaching Tip:  This “Life Values Quiz” can be taken in class if computer connections are available, or if not, it should be assigned as an outside the class exercise.  If not all students have computer connections, but you as the instructor … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 1, Financial Planning Process | Tagged , , , ,

Class Assignment and Discussion: The Napkin Assignment

Posted on January 27, 2012 by

Teaching Tip and Assignment:  One of the best personal finance columnists around is Carl Richards, a certified financial planner and founder of Prasada Capital Management.  On his blog “Bucks, Making the Most of Your Money”in the New York Times, Carl … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 8, Home and Auto | Tagged , ,

Class Discussion & Video: Why do we buy so much?

Posted on January 4, 2012 by

American Public Media’s Market Place recently aired a program titled “The Truth About What We Buy” that dealt with happiness and buying “stuff.”  Much of this story focused on a new book by James Roberts, a professor of marketing at … Continue reading →

Posted in 10 Principles of Personal Finance, Ch. 8, Home and Auto | Tagged , , ,