Money Management Skills
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Narrated by:
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Michael Finke
About this listen
Money management can be intimidating. Fortunately, most of us only need to know a few basic principles to get our financial houses in order. Learn these principles in this comprehensive overview of what everyday people need to know to make good financial decisions. Using a scientific, evidence-based approach, Professor Finke shows how humans are hard-wired to make emotional decisions that often run counter to the best course of action when it comes to finances - and gives tips for how to avoid these common mistakes.
The goal of money management is to maximize our happiness at every stage of our lives. Whether you are a novice investor or a seasoned pro, starting your first job or contemplating retirement, these 24 straightforward lectures are an excellent primer for making successful financial decisions at every stage of your life. Professor Finke takes you on a tour of some of the most widely available financial products and tools, from mutual funds to life insurance to college savings accounts, and he offers evidence-based guidance for building a financial strategy.
After reviewing the psychology of decision-making - and how our instincts often steer us wrong when it comes to loss aversion, risk tolerance, and information overload - Professor Finke explains the "life cycle theory" of financial planning. This eye-opening theory offers a framework for making financial decisions based on the different stages of your life, and it will give you an entirely new perspective on money management. The goal is simple: to get the most out of your money across time.
While everyone's life is different, the information and sound advice in this course will empower you to create your own financial plan to reach your goals. From setting financial goals and managing debt responsibly to investing in home ownership and preparing for retirement, Professor Finke provides a worry-free approach to handling all aspects of your financial life.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
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Plan Your Year Like a Millionaire
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- Length: 2 hrs
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Plan Like a Millionaire is part of a riveting three-part series, and it's all about elevating your game and setting goals like a seven-figure earner. In this wealth-inspiring listening journey, Rachel reveals the secrets of how to set goals, manage time wisely, build essential support systems, break free from financial constraints, and make savvy money decisions.
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Feel Good Book, only
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The Little Book of Common Sense Investing
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
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The 1-Page Marketing Plan
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
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Six-Figure Side Hustle
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Rachel Rodgers, financial maven and heralded author of We Should All Be Millionaires, has created a groundbreaking new Audible Original series with Six Figure Side Hustle. In this installment of a dynamic three-part audio journey, Rachel unveils the blueprint for turning spare time into a $100,000-per-year side hustle in just three months.
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Not For YOU!
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The Most Important Thing
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
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Not up to my standards for the Great Courses
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What listeners say about Money Management Skills
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Christian
- 03-11-15
Great book but I expected more
I like the book. It's a little too focused on the US financial system but it's still engaging & I managed to finish it in two sittings.
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5 people found this helpful
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- Chad
- 04-24-20
Mixed feelings
This audiobook goes through a lot of numbers and terms. This is less of an interesting general education listen and more of a reference guide for making appropriate financial decisions regarding various life circumstances. Don't get me wrong. There is still benefit to listening to the whole thing. But I think a printed or ebook version may be more helpful. Then it could be a reference, and it would be easier to absorb the numbers and technical terms.
It is informative, with advice about the purpose of different kinds of insurance and which you do and don't need. How to make different kinds of financial decisions. Whether to rent or buy. What financial products make sense for saving for your children's education. How to plan for distributing your assets when you pass on. Whether to use a debit or credit card. That kind of thing.
I can't help but feel it is a little dangerous in some ways, though. The author presents an interesting view I hadn't heard before on financial planning. That basically you could spend or save at any point in life so that you get about the same amount of value every year of your life. At points in your life where your earning power is low, you may take on more debt. When your earning power is high, you may be paying off that debt and saving more heavily. This makes a certain kind of sense, and trying to ensure a sustainable level of happiness does have value. I was quite surprised in a finance book for there to be absolutely no discussion of compound interest, of the staggering benefits of saving as much as possible as early as possible. This also disregards the idea of leaving money and assets behind for your descendents. To my way of thinking, we as a society would all be much better off if we worked hard and left something behind for the next generation, and they worked hard and left behind more for the next generation, and so on. Financial well-being would accrue massively after a few generations. But I know human nature tends to prevent that. Anyway! The author's suggestions also mostly disregard massive health costs that the elderly will accumulate, instead stating that expenses will decrease substantially in retirement, so you may not need to save as much as you think. Certainly some expenses are reduced or eliminated, but I don't think it's a good idea to count on not needing much money. Especially when accounting for inflation.
So all in all, this would not be my first choice of book to recommend to someone who wanted a basic financial education.
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1 person found this helpful
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- DividendDogo
- 06-16-17
Every Highschool student should read
Everyone in school should have to take this as a class. Fantastic book well spoken and amazing content!
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- staples
- 12-07-18
clear and engaging
this professor is clear, engaging, and intelligent in his presentation of various aspects of the topic
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- B_in_SD
- 02-15-16
Really, really good.
Really, really good. Simplified a Potentially very complex, confusing subject. The advice seems correct. Presentation is excellent.
Buy it.
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- Pete Falk
- 07-27-17
A Must!
I have been a member of Audible for some time.
This is the first review I have ever written.
This course was exceptional.
It provided me with a better understanding of money management and has inspired me to take steps that I would not have known to take.
I give this course my highest recommendation.
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- Christian
- 11-21-16
THANK YOU THANK YOU THANK YOU!
I hardly ever do reviews, but this course was exceptional and by far the best Great Courses course I've listened to so far. Great Info, Easily Understood & Exceptional Delivery. If you want a compact and easy to follow financial advice this is it.
Thank you Great Courses.
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- Michael C.
- 05-07-17
Lots of good basic advice
This course is an excellent holistic guide to managing your money. It covers a broad range of topics from investing to insurance and estate planning. It is an excellent launch point for anyone who feels like they need to get a better handle on their money and take planning for the future more seriously. The advice is sound and clearly actionable. The course is significantly more valuable to most readers than the likes of Tony Robbins' "Unshakeable" but doesn't have the glitz and social proof that Tony brings. But you will find it easy to follow and take action. Following the steps and advice in this book will go along way to ensuring your financial security, success and perhaps freedom.
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- matt
- 03-02-18
Practical and important financial advice
Would you recommend this audiobook to a friend? If so, why?
Yes, this is very practical and thought provoking approach towards finance. It really made me think and act on a few of my own financial plans.
Any additional comments?
I would call this a must read for just about everyone, the lectures are not boring and the advice is something everyone should hear.
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- Yesenia
- 03-28-17
No nonsense, very informative.
I love this book. There was very little fluff. It was a very conservative look at the topic. I would definitely recommend it to anyone with a low risk tolerance. I will be looking to the great courses for more titles on the subject.
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