Money 101 | finance-lectures.com1 Welcome to Money 101 Introduction to Personal Finance Daniel Folkinshteyn, PhD

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Presentation transcript:

Money 101 | finance-lectures.com1 Welcome to Money 101 Introduction to Personal Finance Daniel Folkinshteyn, PhD

Money 101 | finance-lectures.com2 Logistics Video info, controls

Money 101 | finance-lectures.com3 Logistics Embedded quizzes External references, prerequisites Post-lecture assignments Suggested future readings Feedback requested

Money 101 | finance-lectures.com4 Quiz Write down a list of as many financial products and services as you can think of.

Money 101 | finance-lectures.com5 Financial products and services Bank deposit products (checking, savings, CD) Investments (stocks, bonds, real estate, …) Brokerage service Mutual funds Credit cards Loans (home, auto, student, personal...) Insurance (home, auto, health, life...) Tax preparation

Money 101 | finance-lectures.com6 Quiz Find out who Warren Buffett is

Money 101 | finance-lectures.com7 Why I asked: Warren Buffett says: "I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit."

Money 101 | finance-lectures.com8 Suggested reading The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg