Category Archives: Ch. 1, Financial Planning Process

Class Discussion: Birth Order and Your Financial Personality

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

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

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

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Class Discussion or Assignment: Santana Moss reportedly owes over $250,000 in back taxes

Just because you make a lot of money, doesn’t mean you don’t spend even more.  In Chapter 2 of Turning Money Into Wealth we look at the importance of budgeting and how to actually set up an effective budget – … Continue reading

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Finance in the News: A Look at the Principal Financial Well-Being Index

Every quarter the Principal Financial Group has Harris Interactive conduct a survey of the financial well-being of adults working at small and mid-sized U.S. businesses.  So, how do Americans feel about their financial well-being?  The answer can be found in … Continue reading

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Class Discussion, Class Assignment, and Video: Making Your Financial Resolution Work

Teaching Tip:  This assignment works equally well as a written assignment and as a class discussion.  If used as a class discussion, it works well to show the video “Keeping Your Financial Resolutions” which is just over 3 minutes long, … Continue reading

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Class Discussion or Written Assignment: The Rising Age Gap in Financial Well-Being, Part 1

Principle 10: Just Do It!, introduced in Chapter 1, talks about the importance of not procrastinating – of getting started saving when you’re young and building up your wealth.  Unfortunately, that’s much easier said than done, and as a recent … Continue reading

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Class Discussion, Class Assignment, and Video: Some Financial Mistakes to Avoid Right Now

Teaching Tip:  This assignment works equally well as a written assignment and as a class discussion.  If used as a class discussion, it works well to show the video from Today Money featuring Suze Orman titled “Financial Mistakes to Avoid … Continue reading

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Finance in the News and Class Discussion: Investors Move Toward Cash

To say the least, it’s been a troubling time in the stock market over the past few years.  As a result, many young investors are moving out of common stocks and into cash just when they shouldn’t be.  Earlier we … Continue reading

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Finance in the News & Class Discussion: Gen Y (those 18 to 35) Financially Conservative , Worried about Debt, Optimistic About the Future, and Open for Help

In Chapter 1 we introduce the “Ten Principles of Personal Finance.”   Two of these are Principle 8: Risk and Return Go Hand in Hand and Principle 9: Mind Games, Your Financial Personality, and Your Money.  These principles discuss the fact … Continue reading

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Finance in the News & Class Discussion: Now May Be a Time for Risk-Taking

In Chapter 1 we introduce the “Ten Prinicples of Personal Finance”, and number 8 on that list is Risk and Return Go Hand–in-Hand.  It’s hard to make much of a return if you aren’t willing to take on some risk … Continue reading

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