Welcome to BUS-121
Principles of Money Management
Thank You for a Great Semester!
Fall 2024

Southwestern Community College
Instructor: Frank Paiano

Welcome Students from Professor Greenwald's Class.
We are glad you are here with us.

Part 1: Planning	Syllabus: BUS-121-601 Hybrid Class Syllabus - Audio Commentary of Syllabus - Long Format  Long format in Canvas Your Humble Professor Introduces Himself  Look for Video for the video lectures and commentaries. Your Humble Professor Introduces Himself with just audio -  Look for Audio for the audio lectures and commentaries. A Guided Tour of the Class Web Site - Audio  Uh, it's what y'er lookin' at right now. Office: 61A-104B, Chula Vista Campus (No classes at the Chula Vista Campus this semester.)  There will be at least eighteen office hours. If these times are not good for you, we can schedule one when it is convenient for you. Zoom Room Virtual Office Hours Thursday nights from 7:00 pm to 7:55 pm      Thursday, August 29th, 7:00 to 7:55 pm (first week of semester)      Thursday, September 19th, 7:00 to 7:55 pm (coincide with exam #1)      Thursday, October 17th, 7:00 to 7:55 pm (coincide with exam #2)      Thursday, October 31st, 7:00 to 7:55 pm (coincide with exam #3)      Thursday, November 21st, 7:00 to 7:55 pm (coincide with exam #4)      Thursday, December 5th, 7:00 to 7:55 pm (coincide with final exam) Saturday mornings from 11:00 am to 11:55 am      Saturday, August 31st, 11:00 to 11:55 am (first week of semester)      Saturday, September 21st, 11:00 to 11:55 am (coincide with exam #1)      Saturday, October 19th, 11:00 to 11:55 am (coincide with exam #2)      Saturday, November 2nd, 11:00 to 11:55 am (coincide with exam #3)      Saturday, November 23rd, 11:00 to 11:55 am (coincide with exam #4)      Saturday, December 7th, 11:00 to 11:55 am (coincide with final exam) Wednesday afternoons from 4:00 pm to 4:55 pm, online via Virtual Office and in Tijuana      Wednesday, October 2nd, 4:00 to 4:55 pm (conincide with exam #1 of twelve-week hybrid class)      Wednesday, October 9th, 4:00 to 4:55 pm (third week of twelve-week hybrid class)      Wednesday, October 16th, 4:00 to 4:55 pm (coincide with exam #2 of twelve-week hybrid class)      Wednesday, October 30th, 4:00 to 4:55 pm (coincide with exam #3 of twelve-week hybrid class)      Wednesday, November 27th, 4:00 to 4:55 pm (coincide with exam #4 of twelve-week hybrid class)      Wednesday, December 4th, 4:00 to 4:55 pm (coincide with final exam of twelve-week hybrid class) Please let me know what days and times are good for you and we will schedule an office hour for you.
Chapter 1: Personal Financial Planning	Chapter 1: Personal Financial Planning Presentation  Every chapter has a presentation that can be read with PowerPointless, Open Office, Libre Office, or Google Docs Study Guide - Video - Audio  Discussion of the chapter study guides and how to use Google Docs Assignment - Commentary Rubric for Goals Assignment - Commentary Discussion Forums Assignment - Commentary   Add your picture to the discussion boards!  We want to see your smiling face! Chapter 1 Bonus Assignments -- Fun! (All these were done by your fellow students!) Bonus Assignment / Extra Credit - Examples: 0 1 2 3 4 5 6 7 8 9 10 11 12 Commentary   Have fun!    Say No To Tobacco    New Hit Song Sweeping The Nation!    Cool Video    Check it out! How to Submit Assignments - Commentary Awesome Goal Setting Example and Great Quotes Awesome goal setting example from the South Bay  14-year-old creates a goal and accomplishes it 10 years later   And the community steps forward to help Twelve great quotes about finance Ten Valuable Life Skills  Awesome Ideas for your Non-Financial Goal Future Value Handouts and Tables  Future value problems will be on exam #1. Study these worksheets! Future Value Worksheet - Commentary - Answer Key  These calculations are easy once you have done them a few times. Future Value Tables - (Need for future value calculations) Future Value Practice 1 - Answer Key  I'm serious! You have to know how to do these calculations! Future Value Practice 2 - Answer Key  Don't ignore these! They will be on the first exam! Marriage and Finance Financial Implications of Marriage Marriage Killing Issues Ten Questions to Ask before Getting Married  Complete with beautiful models looking very happy "Marriage is not a love affair; it is an ordeal"  -- Joseph Campbell Online Audio Lectures (MP3 format which can be downloaded to mobile device or CD.) Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning Online Audio/Video Lectures Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 1 - Lecture 1 - Slides 1 to 18    Introduction: Personal Financial Planning Chapter 1 - Lecture 2 - Slides 19 to 39    Goal Setting & the Time Value of Money Chapter 1 - Lecture 3 - Slides 40 to 47    Financial Aspects of Career Planning Face-to-face Recorded Sessions September 25   Walked through the chapter 1 Future Value Worksheet and the chapter 2 Financial Statements
Chapter 2: Money Management Skills: Financial Statements and Budgeting	Chapter 2: Money Management Skills: Financial Statements and Budgeting Presentation Study Guide Assignment - Audio Commentary Financial Statements Practice - Answer Key  Very similar to questions on exam #1 Financial Statements Practice On Your Own Creating a Good Password: Good - Better - Best Creating a Good PIN Financial Statements: Cash Flow Statement and Net Worth Statement Excel Spreadsheet - Google Spreadsheet - Video - Audio Just one simple change  Write down every transaction! It will lower your spending. Why do Americans have such a hard time saving money?  It depends upon which Americans you are talking about. But are we Americans really that bad at savings?  We are better than some other countries and worse than others. Online Audio Lectures Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements Online Audio/Video Lectures Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 2 - Lecture 1 - Slides 1 to 14    Money Management & Financial Statements Face-to-face Recorded Sessions October 2   Walked through the chapter 1 Future Value Worksheet and the chapter 2 Financial Statements
Chapter 3: Taxes and Tax Planning	Chapter 3: Taxes and Tax Planning Presentation Study Guide Assignment - Audio Commentary Form 1040 Tax Assignment - Form 1040 - Schedule 1  (Similar to First and Second Income Tax Exercises below) VITA - Volunteer Income Tax Assistance at Southwestern  Plan to volunteer for VITA in January 2025! You can get college credit! After Tax Worksheet - Commentary - Answer Key  (Lecture #1) Tax Return Exercises First Income Tax Exercise (Use with Lecture #2) - Schedule 1 (IRA & student loan deductions) - Schedule A (Itemized deductions) Second Income Tax Exercise Instructions  (Similar to First Income Tax Exercise and Supplemental Form 1040 Assignment above)    Form 1040 - Form 1040 Answer Key    Schedule 1 - Schedule 1 Answer Key    Schedule A Example    Walkthrough: Video - Audio IRS Web Site and Forms www.irs.gov  Please use IRS web site for your research questions 2023 IRS Form 1040 2023 IRS Form 1040 Schedule A  Itemized Deductions: The Homeowner's Friend (Or at least it used to be) 2023 IRS Form 1040 Schedule 1 2023 IRS Form 1040 Schedule 2 2023 IRS Form 1040 Schedule 3 2023 IRS Form 1040 Schedule EIC - Earned Income Credit 2023 Tax Tables 2023 IRS Form 1040 Instructions Publication 17 - Espanol  Publication 17 is a very popular and thorough guide to most all tax returns Tax Cuts of 2017 It's Even Worse than You Heard The Rich Get Richer Tax Cuts Benefit the Ultra Rich, Not the Merely Rich How the tax cuts will affect you It's Official: The Tax Cuts Were a Bust The Mysterious Case of the 7 Million Missing Children The Carried Interest Tax Loophole  It pays to be rich. IRS Audits and Appeals How Do IRS Audits Work? Doing Battle with the IRS How far back can the IRS audit you? The IRS can revoke your passport!? Yep! Online Audio Lectures Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes and Tax Planning; How Much Does It Really Cost? Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040 Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, and Strategies Online Audio/Video Lectures Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes and Tax Planning; How Much Does It Really Cost? Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040 Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, and Strategies Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 3 - Lecture 1 - Slides 1 to 10    Taxes and Tax Planning; How Much Does It Really Cost? Chapter 3 - Lecture 2 - Slides 11 to 32    A Typical Homeowner's Form 1040 Chapter 3 - Lecture 3 - Slides 33 to 50    Tax Resources, Audits, and Strategies Face-to-face Recorded Sessions October 2   Worked through the chapter 3 After-Tax Worksheet and the First and Second Tax Exercises
Part 2: Managing
Chapter 4: Cash Management: Savings and Payment Services	Chapter 4: Cash Management: Savings and Payment Services Presentation Study Guide Assignment - Audio Commentary Reconciliation Assignment   First part of the chapter 4 assignment Reconciliation Worksheet  The reconciliation worksheet is used for the checkbook reconciliation problems. Reconciliation Practice Problem 1 - Check Register Answer Key - Reconciliation Answer Key   Presentation: Video - Audio Reconciliation Practice Problem 2 - Check Register Answer Key - Reconciliation Answer Key CheckBook Spreadsheets CheckBook1: Excuse - Google Docs  Spreadsheets make check reconciliation much easier CheckBook2: Expel - Google Docs  Demonstrates another method to reconcile practice problem #1   Presentation: Video - Audio Being Poor Ain't Cheap It is expensive being poor and "unbanked"  This family shows you why As explained by the author of Nickel and Dimed: On (Not) Getting By in America Why it costs so much to be poor Why 56 million Americans have no bank account  Some research that shows for the poor, banks are more expensive than loan-until-payday outlets American Can't Fix Poverty Until It Stops Hating Poor People  From the American Enterprise Institute, a conservative think tank Poverty really is the result of a state of mind ... among rich people A very good reason not to hide your money at home  One of many, by the way ... Online Audio Lectures Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services Online Audio/Video Lectures Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 4 - Lecture 1 - Slides 1 to 8    Savings and Payment Services Face-to-face Recorded Sessions October 9   Worked through the chapter 4 Reconciliation Program 1 and chapter 5 Interest Calculation Worksheet
Chapter 5: Consumer Credit	Chapter 5: Consumer Credit Presentation Study Guide Assignment - Commentary Interest Calculation Worksheet - Commentary - Answer Key Annual Credit Report One free credit report each year from each of the three credit bureaus Annual Credit Report FAQ Credit Card Solicitations - Video - Audio Credit Card Solicitation Images - Video - Audio The rewards (and pitfalls) of being a Loyal, Obedient Member of the Benevolent Machine Credit Card Marketed to Students  Free Cell Phone Insurance! Yippee! Here's what happens when you miss a credit card payment  Plus why do many people miss their credit card payments? "Uh, I forgot." Just one simple change  and it lowered my spending. Credit Card Debt is Not Only Bad for Your Finances  It Also Hurts Your Health. I charged nearly $20,000 to my credit card to help my sister buy a card, all for the points  Ah, did you have the cash to pay it off? If not, those points are gonna' cost you dearly! Tales from the Credit Card House of Horrors - Commentary Husband got secret credit cards and maxed them out   What's the most important financial decision you will ever make? Debt Consolidation Loan  Roll all your credit cards into a debt consolidation loan ... and then run up your credit cards all over again! LA Times: Statute of Limitations on Being Sued for a Debt Here is BankRate.com's take on how long a debt collector can pursue old debt  BankRate.com actually asked me to put this link here. They must think highly of Southwestern, eh? How is your FICO score calculated? Yes, Credit Cards Are Making You a Bad Person The Dark Side of Debt Collection   Aye! This is some really scary stuff! $36 worth of Girl Scout Cookies!?   A debt collector goes after someone for $36 worth of cookies he did not buy A High Credit Score is a Predictor of What?!   Couples with higher credit scores report healthier and happier relationships You think your student loan balance is bad?   How would you like a $210,000 student loan balance? Online Audio Lectures Chapter 5 - Lecture 1 - Slides 1 to 34    Consumer Credit; Credit Cards and HELOCs; Credit Capacity Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems and Bankruptcy Online Audio/Video Lectures Chapter 5 - Lecture 1 - Slides 1 to 34    Consumer Credit; Credit Cards and HELOCs; Credit Capacity Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems and Bankruptcy Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 5 - Lecture 1 - Slides 1 to 34    Consumer Credit; Credit Cards and HELOCs; Credit Capacity Chapter 5 - Lecture 2 - Slides 35 to 66    Credit Scores; Identity Theft; Credit Problems and Bankruptcy Face-to-face Recorded Sessions October 9   Worked through the chapter 4 Reconciliation Program 1 and chapter 5 Interest Calculation Worksheet
Part 3: Purchasing
Chapter 6: Consumer Purchasing Strategies	Chapter 6: Consumer Purchasing Strategies Presentation Study Guide Assignment - Audio Commentary Example of bar chart bonus point  At Donovan Prison, they have to be creative. No computers! Bonus Extra Credit Assignment: Television - Commentary  So, how much television do you watch? Hmmm? Bonus Extra Credit Assignment: Football - Commentary  So, how much do the football players actually play the game? Hmmm? I'd Like Some More Things, Please!  Can you list every single item you own? We have too much! Being Rich Versus Being Wealthy  Ah, what's the difference? There's a BIG difference! Forbes Expands on the Happiness Equation  Our Happiness Quotient is much simpler. The Rich Are Not Who We Think They Are  And Happiness Is Not What We Think It Is, Either. Consumerism The Wisdom of Calvin and Hobbes The High Price of Materialism An hour of TV takes 22 minutes from your life! The woman is the beer! Obituary for Author of The Millionaire Next Door The High Cost of Being Poor America's Light Bulb Revolution Bikes! San Diego Bike Coalition  Come join us! We have too much fun volunteering! It's amazing what you can do with a bike High gas prices got you down? Fight back! Portland Bike Move  Moving by bike is part of the culture in Portland, Oregon Cars Car Ownership Costs - Commentary - Answer Key - 2023 AAA Costs Breakdown AAA: Your Driving Costs 2022  Pretty big jump because of car prices, finance charges, and insurance. AAA: Annual cost of new car ownership crosses $10,000 mark Six car loan mistakes that can cost you money Our Addiction - Our Neverending Thirst What determines gas prices? You want the price of gas to fall?  Stop buying it! Texting and Driving How do you get young people to stop texting & driving?  Make 'em do it to pass the driving exam! Take the pledge to not text and drive Drunk Driving If you get pulled over for drunk driving, you had better be loaded! "Osiffer, I'm not as thunk as you drink I am." MADD's Pledge to Not Drink and Drive Take the Pledge! Never drink & drive Confession: I killed a man Online Audio Lectures Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism Chapter 6 - Lecture 2 - Slides 44 to 66    Cars! Culture of Consumption Scandal #1 Online Audio/Video Lectures Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism Chapter 6 - Lecture 2 - Slides 44 to 66    Cars! Culture of Consumption Scandal #1 Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 6 - Lecture 1 - Slides 1 to 44    Consumerism Chapter 6 - Lecture 2 - Slides 44 to 66    Cars! Culture of Consumption Scandal #1 Face-to-face Recorded Sessions October 16   Discussed chapter 6 assignment and bonus assignments, Had our picture taken by the CETYS gang, Worked through chapter 7 Mortgage Calculations Worksheet
Chapter 7: Housing	Chapter 7: Housing Presentation Study Guide Assignment - Comparing Mortgages Assignment - Audio Commentary   Please review Mortgage Exercises Worksheet below Mortgage Exercises Worksheet - Mortgage Exercises Answer Key    Presentation: Video - Audio Mortgages Mortgage Amortization Table Monthly Resets of Optional ARM Mortgages - Video - Audio  Beware the Option ARM! Mortgage Rates versus Points - Video - Audio  "Pay us now or pay us later!" Example HUD Final Settlement Document Fannie Mae CEO says she has never seen a housing market like this one How much is your home worth? Zillow - Trulia - Redfin    Presentation: Video - Audio  Researching home prices using Zillow For those of us who live in California, Oregon, and Washington MyShake App  Earthquake reporting application for your mobile phone Reverse Mortgages -- Buyer Beware! Some reverse mortgages are pushing some seniors out of their homes - Unlocked article good for 30 days from October 6, 2024 A reserve mortgage / shared appreciation solicitation - Commentary   If it sounds too good to be true ... Barron's take on reverse mortgages Consumer Reports ain't too happy with reverse mortgages, either! Nationstar screws yet another reverse mortgage customer   They changed their name to Mr. Cooper. Does not seem to have changed their lack of ethics. HOA Horror Story    One of many, by the way. A Landlord's Horror Story    One of many, by the way. Very strange solicitation    They will buy your house ... for $100,000 or $200,000 less than it is worth!   The Ugly Truth Behind We Buy Ugly Houses  Oh, yeah! They are scammers! Another Leech Who Wants to Screw You Over Bigtime The good news started to trickle in during 2016 Foreclosures finally falling preciptiously after the 2008 calamity  Will we see 2008 again in 2022/2023? Property Manager Steals Rent Money  Make sure you receive a receipt for your rent payment every month! How to outsmart Private Mortgage Insurance  According to Investopedia Chula Vista Apartment Complex with 1-Bedroom Apts Renting for $2,686  Would you want to live here? Online Audio Lectures Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations Online Audio/Visual Lectures Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 7 - Lecture 1 - Slides 1 to 18    Housing, Renting versus Owning Chapter 7 - Lecture 2 - Slides 19 to 35    Home Buying Process, Mortgage Calculations Face-to-face Recorded Sessions October 16   Discussed chapter 6 assignment and bonus assignments, Had our picture taken by the CETYS gang, Worked through chapter 7 Mortgage Calculations Worksheet
Part 4: Risk Management
Chapter 8: Home and Auto Insurance	Chapter 8: Home and Auto Insurance Presentation Study Guide Assignment - Audio Commentary How an Umbrella Liability Policy Works - View/listen to first presentation for commentary Homeowners & Automobile Insurance Liability Worksheet - Answer Key - Watch/listen to presentations for commentaries (slides 19, 20, 21, 28, 29, 30, 31) Sneaky ways car insurers raise your rates New Car Replacement Protection Better than GAP Protection - Commentary 15 Insurance Policies You Don't Likely Need Water Pipe Repair Insurance? (Only $6 per month!) Credit card insurance? Is it worth it? (Ah, no. Just another way to soak credit card users.) DMV Insurance Notices 1 - 2 - 3 - Don't Let Your Automobile Insurance Lapse! Online Audio Lectures Chapter 8 - Lecture 1 - Slides 1 to 23    Intro to Insurance, Homeowners and Renters Insurance Chapter 8 - Lecture 2 - Slides 24 to 44    Auto Insurance Online Audio/Visual Lectures Chapter 8 - Lecture 1 - Slides 1 to 23    Intro to Insurance, Homeowners and Renters Insurance Chapter 8 - Lecture 2 - Slides 24 to 44    Auto Insurance Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 8 - Lecture 1 - Slides 1 to 23    Intro to Insurance, Homeowners and Renters Insurance Chapter 8 - Lecture 2 - Slides 24 to 44    Auto Insurance Face-to-face Recorded Sessions October 23   Worked through chapter 8 and 9 materials, worksheets, and assignments
Chapter 9: Health and Disability Insurance	Chapter 9: Health and Disability Insurance Presentation Study Guide Assignment - Assignment Sheet - Audio Commentary Worksheet - Commentary - Answer Key Health Care Costs Health Care Costs Here and Abroad $5,000 Tummy Ache Putting a Price on a Doomed Life How are income and wealth linked to health and longevity? 19.7% of GDP by 2028? Not funny. The Drugs I Need!  Funny! Insurance Companies Are Not On Your Side Insurance Company Rules! A $2,500 tube of cold sore cream?  Acyclovir? You can get this stuff in TJ for a few dollars! NutritionFacts.org   The absolute best website for information on diet and health! (There are dozens of good sites and hundreds of horrible sites. Careful!) Forks Over Knives   Great plant-based recipes Fizzy Sugar Water With A Brown Crayon Dipped In It Is Not Good For You! What happens to your body when you drink soda   This is just one of dozens of articles. Search for "What happens to you when you drink soda." How much sugar is in a can of cola? The Real Coca Cola Polar Bears   Warning: It's not happy Another "What happens to your body when you drink a can of Coke" Per Capita Consumption of Coca Cola: 2011 - 2011 (Showing growth) - 2012    Coke stopped publishing these when they realized people like me were using the graphs to educate people about how much we drink    2019 Statistics are sketchy but by 2019, Mexico had reduced their consumption but the U.S. had increased their consumption! Animated Consumption of Coca-Cola since 1990 - Cool! Mexico drinks a whole lot of Coke! The Coca-Cola Capital of the World is in Mexico! Sugar rush: how Mexico’s addiction to fizzy drinks fuelled its health crisis Even National Geographic is warning us about the dangers of sugar  Ooops! Now behind a pay wall. Sorry. What Eating 40 Teaspoons of Sugar Can Do to You Coke Tries to Sugar Coat the Truth about Soda - Free for 30 days from October 13 Some good news: Soda consumption continues to decline in the United States Reducing Your Intake Of Meat Is Going To Help You Live Longer and Healthier Red Meat Blues More Red Meat Blues Even More Red Meat Blues Why Are Kids Getting Fat? 6 Reasons U.S. Kids Are Overweight Childhood Obesity  The Center for Disease Control's take on the problem The Affordable Care Act (aka Obamacare, aka Romneycare) Covered California -- The California Affordable Care Act Exchange Shocking! Forbes says that Obamacare is working! Health Care Reform Analysis Why do people oppose Obamacare? CNN/AARP Survey More polls about the Affordable Care Act Irreverent look at Obamacare versus Romneycare Romneycare has been successful in Massachusetts Why we like the Affordable Care Act but fear Obamacare 2015: The Affordable Care Act was 5 years old and Americans were still worried about death panels Online Audio Lectures Chapter 9 - Lecture 1 - Slides 1 to 21    Health and Disability Income Insurance Online Audio/Visual Lectures Chapter 9 - Lecture 1 - Slides 1 to 21    Health and Disability Income Insurance Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 9 - Lecture 1 - Slides 1 to 21    Health and Disability Income Insurance Face-to-face Recorded Sessions October 23   Worked through chapter 8 and 9 materials, worksheets, and assignments
Chapter 10: Life Insurance	Chapter 10: Life Insurance Presentation Study Guide Assignment Sheet - Audio Commentary Play The Longevity Game!   How long will you live? Quotes, Illustrations, Really Cheap and Really Expensive Solicitations, and 10 Things the Jerks Won't Tell You Life Insurance Quotes: Video - Audio  Term Life versus Universal Life (One type of Whole Life)   LifeInsure.com  This company still allows you to get a quote without giving your contact info Whole Life Policy Illustration - Video - Audio   $60 per month for 30 years gives you $17,551 -- Less than 0% interest! (See slide 27) Really Cheap Life Insurance Quote from AIG - Unsolicited term quote via my e-mail - AIG Direct - Careful! They will want to contact you directly! Really Expensive Term Life Quote Very solicited term quote -- Never trust a life insurance solicitation that comes in the mail! 10 Things Your Life Insurance Company Will Not Tell You  The Big Jerks! More Life Insurance Solicitations    Remember: Virtually anything you get in the mail or e-mail will be very expensive or useless or both Life Insurance Mail Solicitation 1 - Commentary   Life Insurance to Pay Mortgage Life Insurance Mail Solicitation 2 - Commentary   Life Insurance to Pay Mortgage - Another Example Life Insurance Agent Solicitation - Commentary   Make $500 Per Day Selling Funeral Insurance! Life Insurance Mail Solicitation 3 - Commentary   Life Insurance to Pay for Funeral Life Insurance Mail Solicitation 4   Expensive 10-year Term Life with MIB disclosure Life Insurance Solicitation via E-mail  $1 ... only for the first month, then ouch! Big Jerks! Accidental Life Insurance $250,000 for $23/mo  You can get $250,000 for $23/month that pays only in the event of accidental death. Not smart. Big Jerks! Accidental Life Insurance $130,000 for $19/year?  Only if you die on public transportation. Any other accident is $30,000. Really not smart. Really Big Jerks! Online Audio Lectures Chapter 10 - Lecture 1 - Slides 1 to 34    Life Insurance: "Buy Term and Invest the Difference!" Online Audio/Visual Lectures Chapter 10 - Lecture 1 - Slides 1 to 34    Life Insurance: "Buy Term and Invest the Difference!" Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 10 - Lecture 1 - Slides 1 to 34    Life Insurance: "Buy Term and Invest the Difference!" Face-to-face Recorded Sessions October 30
Part 5: Investing
Chapter 11: Fundamentals of Investing	Chapter 11: Fundamentals of Investing Presentation Study Guide No Assignment for Chapter 11 Examples of Account Types Regular and Roth IRA Account - Roth IRA Account Only - Video - Audio Annuities suck ...  And you can tell the insurance companies that I said that ... What is an Annuity  Investopedia's lame definition of annuities (without all the downsides) Annuity Solicitation - Lunch! - Commentary What's In It For the Annuity Salesperson! - Commentary Confessions of an indexed annuity salesperson You just gave your annuity agent a great vacation! There’s a lot not to trust about annuities Too good to be true?   It's probably an indexed annuity The Fight Against Inappropriate Annuities for Seniors     Never trust an insurance company with your investments! Someone told you a vacation time share is an investment?! Ha!  Ha!  Ha!  Ha!  Ha!  Ha! No, a vacation time share is a big hole in the ground into which you pour lots and lots o' money in perpetuity! And gettin' rid o' the cursed thing ain't easy! Online Audio Lectures Chapter 11 - Lecture 1 - Slides 1 to 12    Introduction to Investments Chapter 11 - Lecture 2 - Slides 13 to 28    An Overview of the Investment Universe Online Audio/Visual Lectures Chapter 11 - Lecture 1 - Slides 1 to 28    Introduction to Investments Chapter 11 - Lecture 2 - Slides 13 to 28    An Overview of the Investment Universe Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 11 - Lecture 1 - Slides 1 to 12    Introduction to Investments Chapter 11 - Lecture 2 - Slides 13 to 28    An Overview of the Investment Universe Face-to-face Recorded Sessions November 6 (Starts with chapter 11; Continues with chapter 12 below)
Chapter 12: Investing in Stocks	Chapter 12: Investing in Stocks Presentation Study Guide Assignment - Audio Commentary  (See chapter 12 worksheet and Researching Stocks below.) Stock Calculations Worksheet - Commentary - Answer Key Ninety Years Ago - Commentary - Don't Peek! Stock Illustrations - Long Term Investing in Stocks $100 per month for 30 years $100 per month for 40 years $100 per month for 40 years, increasing $10 per month per year $60 per month for 30 years   Remember the whole life policy and $17,551 after "investing" $60 per month for 30 years?   Presentation: Video - Audio Growth Fund of America Prospectus Growth Fund of America Website Interested in Researching Stocks? Here are some stock quote websites: Using free Internet websites to research Ford and other stocks: Video - Audio   (Use for problems #8 and #9 in chapter 12 assignment. Yahoo Finance   Not as good as it used to be but still helpful. MarketWatch   Wall Street Journal's free web site Bloomberg Finance  Very popular with professionals. Many pay for their subscription service. CNBC CNN Money (Fortune & Money Magazine) Morningstar   Careful! They will try to get you to enroll in premium services for $30 per month! Don't do it! Google Finance   Not up to the usual high standards of Google. Penny Stock Scams August 2006 Scam - PPTL  From $0.138 to $0.05 in just one week! August 2006 Scam - DPER  From $0.006 to $0.06 in just 9 days!       Look up either of these companies and you will find that their stocks prices are now less than $0.00! March 2012 Scam - PPTF  Changed name to BreedIT, symbol BRDT, and is now hawking Marijuana March 2012 Scam - VIBE  Now selling for $0.00 October 2014 Scam - THNS  Gonna' be a big ripoff! Two British Teens Ran "Stock-Picking Robot" Scam Even Hollywood actresses can get in on the (illegal) action Yahoo! Advertisement for AwesomePennyStocks.com   Another AwesomePennyStocks "Penny Stocks Made Me Rich!"   The same people who are doing the recommending to you are the same scam artists who are selling the bogus stocks to you!   They "pump" up the price and then "dump" all the shares! It is a very old scam.   AwesomePennyStocks.com shuts down after SEC/FBI probe   Sigh. These scams will never end as long as people are greedy and stupid. Why do you think they call us "Brokers?" Are all stockbrokers dishonest?   No, but you need to get a good referral! FINRA Broker Check   The Financial Industry Regulatory Authority regulates brokers and brokerage firms.    You can investigate Your Humble Instructor! Just type "paiano" into the first text box. Stock Certificates Disney - Allied Signal - Campbell's Soup - Commentary Untold Riches Can Be Yours Gambling, uh, I mean, Investing in Options! Online Trading Academy, 42 hours for only $7,400!   That's only $183.33 per hour! (At least it is cheaper than the Dog Therapist from chapter 6.) TradeWins.com   These folks have got to be seen to be believed! Chuck and Wendy and Bubba want to learn ya' good! Scott Redler   These folks use to charge $5,995. Now it's only $99 per month. Other scam that used to have a $1,000 discount! Optionetics -- Ooops! Optionetics was bought by Tom's Trading Room.   And he won't tell you how much until you give him your name and email address. Online Audio Lectures Chapter 12 - Lecture 1 - Slides 1 to 17    Introduction to Stocks; Stock Types Chapter 12 - Lecture 2 - Slides 18 to 34    Stock Indexes; Numeric Measures Chapter 12 - Lecture 3 - Slides 35 to 46    Investment Theories; Stock Strategies Chapter 12 - Lecture 4 - Slides 47 to 54    All Stars of Investing; Careers in Stocks Online Audio/Visual Lectures Chapter 12 - Lecture 1 - Slides 1 to 17    Introduction to Stocks; Stock Types Chapter 12 - Lecture 2 - Slides 18 to 34    Stock Indexes; Numeric Measures Chapter 12 - Lecture 3 - Slides 35 to 46    Investment Theories; Stock Strategies Chapter 12 - Lecture 4 - Slides 47 to 54    All Stars of Investing; Careers in Stocks Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 12 - Lecture 1 - Slides 1 to 17    Introduction to Stocks; Stock Types Chapter 12 - Lecture 2 - Slides 18 to 34    Stock Indexes; Numeric Measures Chapter 12 - Lecture 3 - Slides 35 to 46    Investment Theories; Stock Strategies Chapter 12 - Lecture 4 - Slides 47 to 54    All Stars of Investing; Careers in Stocks Face-to-face Recorded Sessions November 6 (Continuing with chapter 12)
Chapter 13: Investing in Bonds	Chapter 13: Investing in Bonds Presentation Study Guide Assignment - Audio Commentary Bond Prices and Yields Worksheet - Commentary - Answer Key FINRA Bond Quotes This is their new and improved bond search page. That is a nice way of saying that it is harder to use. FINRA Bond Search Page   Presentation: Video - Audio Bond Illustrations - Long Term Investing in Bonds $100 per month for 30 years $100 per month for 40 years $100 per month for 40 years, increasing $10 per month per year $60 per month for 30 years   Remember the whole life policy and $17,551 after "investing" $60 per month for 30 years?   Presentation: Video - Audio Bond Fund of America Prospectus Bond Fund of America Website Bond Quotes Municipal Bond Quotes - Presentation: Video - Audio   Los Angeles Times, 7 July 2016 Ford: Mar 09 - Oct 09 - Jun 10 - Oct 10 - Mar 13 - Apr 19 - Apr 20 - Oct 20 - Oct 22 - Apr 23 - Oct 24   Presentation: Video - Audio Poway: Feb 09 - Jun 10 - Oct 10 - Mar 11 - Mar 15 - Apr 19 - Apr 20 - Oct 20 - Oct 22 - Apr 23 - Oct 24   Presentation: Video - Audio Advanta: May 09 - Video - Audio - Sure 'nuff! They went under!     Yet another example of the eternal tug o' war between risk and return Can anyone predict future interest rates?   Doesn't seem so. Online Audio Lectures Chapter 13 - Lecture 1 - Slides 1 to 24    Investing in Bonds Online Audio/Visual Lectures Chapter 13 - Lecture 1 - Slides 1 to 24    Investing in Bonds Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 13 - Lecture 1 - Slides 1 to 24    Investing in Bonds Face-to-face Recorded Sessions November 13
Chapter 14: Investing in Mutual Funds	Chapter 14: Investing in Mutual Funds Presentation Study Guide Assignment - Audio Commentary Mutual Fund Types Scramble Sheet    (Have a copy printed for online lecture 2) Investor.gov: What Are Mutual Funds    The Federal government explains mutual funds. Mutual Fund Research Presentation: Video - Audio    Morningstar    Careful! Don't sign up for $10 or $30 or $50 per month!    Yahoo Finance    Used to be a great website but it still gives some decent information.    Google Search    If all else fails, use Google search to find the mutual fund ticker symbol and company website. A Sample Mutual Fund (Online lecture 3) 90 Years of Returns - Video - Audio The Benefit of Time - Audio Commentary Worst Day / Best Day - Audio Commentary ICA Prospectus ICA Website Balanced Investing - Long-term Investing in Stocks and Bonds (Online lecture 3) $100 per month for 30 years $100 per month for 40 years $100 per month for 40 years - increase $10 each year $500 per month for 20 years $1,000 per month for 20 years $60 per month for 30 years  Remember the life insurance illustration? $17,551 after 30 years?   Presentation: Video - Audio American Balanced Fund Prospectus American Balanced Fund Website Offerings of Sample Mutual Fund Companies Performance  (Online lecture 3) Vanguard Funds Performance Capital Group / American Funds Performance    Capital Group / American Funds prefers the term "Results" instead of "Performance." Fidelity Funds    Over 9,000 funds! (Fidelity allows you to purchase their funds and most all other companies' mutual funds.) Dodge and Cox Funds Performance T. Rowe Price Funds Franklin Templeton Funds Annual Reports and Prospectuses  (Online lecture 3) Vanguard Funds Capital Group / American Funds Fidelity Funds    Choose a fund and then choose [Prospectus]. Dodge and Cox Funds    Choose a fund and then choose [Literature]. T. Rowe Price Funds    Choose a fund and then choose [Resources]. Franklin Templeton Funds  Choose a fund and then choose [Documents] Online Audio Lectures Chapter 14 - Lecture 1 - Slides 1 to 8    Introduction to Mutual Funds; Fees Chapter 14 - Lecture 2 - Slides 9 to 15    Types of Mutual Funds, The Spectrum of Risk versus Return Chapter 14 - Lecture 3 - Slides 16 to 24    Fund Families; How to Pick a Mutual Fund; Hypothetical Illustrations Online Audio/Visual Lectures Chapter 14 - Lecture 1 - Slides 1 to 8    Introduction to Mutual Funds Chapter 14 - Lecture 2 - Slides 9 to 15    Types of Mutual Funds, The Spectrum of Risk versus Return Chapter 14 - Lecture 3 - Slides 16 to 24    Fund Families; How to Pick a Mutual Fund; Hypothetical Illustrations Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 14 - Lecture 1 - Slides 1 to 8    Introduction to Mutual Funds; Fees Chapter 14 - Lecture 2 - Slides 9 to 15    Types of Mutual Funds, The Spectrum of Risk versus Return Chapter 14 - Lecture 3 - Slides 16 to 24    Fund Families; How to Pick a Mutual Fund; Hypothetical Illustrations Face-to-face Recorded Sessions November 20 November 27 - First hour
Chapter 15: Investing in Real Estate and Other Investment Alternatives	Chapter 15: Investing in Real Estate and Other Investment Alternatives Presentation Study Guide No Assignment for Chapter 15 Worksheet - Answer Key  (Please see slides 12 & 13 in presentation for answer key commentary.) Real Estate Real Estate Price Estimates: Zillow.com - Trulia.com - RedFin.com This scam artist ... uh, I mean, reality show star wants to teach you how to flip real estate.  The cost for this training? Only $34,000! Precious Metals, Art, and Collectibles A Couple Stored IRA Gold in Their Home  They now owe the IRS $300,000 Starting a Business - The Ultimate Investment SCORE - Service Corp of Retired Executives Accesity San Diego San Diego Small Business Development Center Bitcoin and other Cryptocurrencies "The Greatest Scam in History"  One of the co-founders of Paypal is not impressed What to know about cryptocurrencies and scams  Courtesy of the Federal Trade Commission In 2023, $5.6 billion worth of crypto scams were reported  That's just what was reported! How Bernie Madoff Made Off with $18 Billion Online Audio Lectures Chapter 15 - Lecture 1 - Slides 1 to 18    Real Estate and Real Estate Investment Trusts (REITs) Chapter 15 - Lecture 2 - Slides 19 to 34    Other Investment Alternatives Online Audio/Visual Lectures Chapter 15 - Lecture 1 - Slides 1 to 34    Real Estate and Real Estate Investment Trusts (REITs) Chapter 15 - Lecture 2 - Slides 19 to 34    Other Investment Alternatives Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 15 - Lecture 1 - Slides 1 to 18    Real Estate and Real Estate Investment Trusts (REITs) Chapter 15 - Lecture 2 - Slides 19 to 34    Other Investment Alternatives Face-to-face Recorded Sessions November 27 - Second hour
Part 6: Retirement and Estate Planning
Chapter 16: Retirement and Estate Planning	Chapter 16: Retirement and Estate Planning Presentation Study Guide Bonus Assignment - Audio Commentary Hypothetical Illustrations  Withdrawing money in retirement: The Distribution Phase    Presentation: Video - Audio Bond Fund Retirement Portfolio: 25 Years - 30 Years    $1,000,000 Retirement Savings: Withdraw 5% per year, increasing withdrawals 3% each year Balanced (Stocks and Bonds) Fund Retirement Portfolio: 25 Years - 30 Years    $1,000,000 Retirement Savings: Withdraw 5% per year, increasing withdrawals 3% each year Annuity Retirement - Lifetime Guarantee  $1,000,000 Traditional Fixed Annuity from TIAA for a 65-year old. Withdrawals remain constant for the rest of your life    TIAA Retirement Illustrations  Create your own annuity illustration from TIAA Saving for Retirement Guide to Drawing Down Your Savings in Retirement Tom Petruno, formerly of the LA Times (Excellent writer) Strategies for Navigating the 401(k) Jungle How to push for better investgments options in your 401(k) plan The five biggest lies about entitlement programs Good news and bad news It just became easier for employers to dump retirees' pensions Tom Petruno leaves some parting thoughts Reverse Mortgages -- Buyer Beware!  Same as from chapter 7 above Some reverse mortgages are pushing some seniors out of their homes A reserve mortgage / shared appreciation solicitation - Commentary   If it sounds too good to be true ... Barron's take on reverse mortgages Consumer Reports ain't too happy with reverse mortgages, either! Nationstar screws yet another reverse mortgage customer   They changed their name to Mr. Cooper. Does not seem to have changed their lack of ethics. You Can't Take It With You! The Greatest Transfer of Wealth in History   New York Times take on the future of inheritances. Charles Feeney gave away his fortune before he died.   By the age of 90, he had given away $8 billion, mostly anonymously. Four assets thst typically don't go into a trust Online Audio Lectures Chapter 16 - Lecture 1 - Slides 1 to 22    Retirement Planning; Retirement Accounts: 401(k)'s, Roth IRA, etc. Chapter 16 - Lecture 2 - Slides 23 to 36    The Baby Boomer Generation Retirement Time Bomb! Chapter 16 - Lecture 3 - Slides 37 to 65    Estate Planning; Dealing with a Windfall Online Audio/Visual Lectures Chapter 16 - Lecture 1 - Slides 1 to 22    Retirement Planning; Retirement Accounts: 401(k)'s, Roth IRA, etc. Chapter 16 - Lecture 2 - Slides 23 to 36    The Baby Boomer Generation Retirement Time Bomb! Chapter 16 - Lecture 3 - Slides 37 to 65    Estate Planning; Dealing with a Windfall Online Audio/Video Lectures on YouTube (Closed captioning available) Chapter 16 - Lecture 1 - Slides 1 to 22    Retirement Planning; Retirement Accounts: 401(k)'s, Roth IRA, etc. Chapter 16 - Lecture 2 - Slides 23 to 36    The Baby Boomer Generation Retirement Time Bomb! Chapter 16 - Lecture 3 - Slides 37 to 65    Estate Planning; Dealing with a Windfall Face-to-face Recorded Sessions December 4