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CU-Business Intensive Certificate
Maymester 2016
Course outline and notes
Personal Finance
Bob Donchez
May 2016
CU-Business Intensive Certificate
Maymester 2016
Course Objectives
This course introduces the student to the concepts, tools, and applications of personal
finance and investments. It assumes little or no prior knowledge of the subject and focuses
on helping the student understand the key elements of the financial planning process. This
• Basic concepts and terminology of personal finance;
• The planning process--assessing your current financial position, defining financial
goals, developing a plan of action, implementing the plan, reviewing and revising
the plan;
• Retirement planning as a special topic;
• Key concepts and practices in investments, including a review of securities;
• The role of insurance in financial planning.
Methods of student involvement
• Soliciting and addressing individual student questions, problems, and situations-questions always welcome.
• Questions
– Introduce topics and concepts
– Solicit opinions for discussion
– To work simple problems
• Team and individual exercises highlighting key topics and concepts
• On-line resources
– In class demonstrations
– Provide key on-line links
CU-Business Intensive Certificate
Maymester 2016
Outline of Topics
1) Personal finance and the financial planning process
• The case for learning personal finance
• Personal finance topics
• Soliciting student issues
• Basic approach to personal finance
2) Assessing current financial position
• Rationale for establishing financial position
• Personal income statement and budget
• Personal balance sheet
• Current investment asset allocation
Case 1: Complete a budget
3) Basics of personal taxes
• Taxes we pay and income tax structure
• Deductions and exemptions
• Capital gains/losses
• Determination of taxable income
• Filing taxes
4) Protecting your financial plans and goals: the use of insurance
• Rationale for insurance
• A review of insurance vehicles
• Emergency cash
• Auto/homeowner/rental insurance
• Disability insurance
• Health insurance
• Life insurance
Case 2A: Review health insurance policies on-line
CU-Business Intensive Certificate
Maymester 2016
5) The role of debt and managing personal debt
• Types and forms of personal debt
• Use and role of personal debt
• Debt examples and time value of money
• Credit reporting and options managing debt problems
Case 2B: Conduct a personal credit check
6) Setting and achieving personal financial goals
• Typical financial goals
• How to achieve financial goals
• Time value of money
7) Planning for retirement
• Introduction/approach to retirement
• Retirement tax shelters
• Social security and Medicare
• Retirement cash flow models
Case 3: McMurtrey financial planning
8) Investment concepts, principles, and tools
• General approach to investing
• Investing terms and concepts
• Overview of securities
• Investment styles
• Active versus passive styles
• A review of on-line resources
Case 4A: Determining asset allocation and investing a $200,000 portfolio
9) Wrap-up
• Putting it all together
• A look at financial planning software
• Resources
Case 4B: set up a Mint account