WORKSHOPS

Workshops are designed for 8 weeks. Each week is a 2 hour session. The first hour is geared towards learning the "X's and O's" and then the second hour is practical application (practicing the fundamentals). 

Here is a breakdown of the Workshops:

Workshop 1:  Understanding and Managing your Finances

This workshop is jammed packed as we get started with basics to personal finance.  We focus on goal setting and establishing a budget.  How does Quickens works (or we might use Mint.com... a free service), save you time and helps you "see" how your are doing.  We also get you started with $25,000 of "play" money... a virtual stock market game where you will invest the money in the stocks of your choosing.  As we move through the 8 weeks, we will always visit how the market is doing, how your positions are doing and talk more about things to consider while investing.

Workshop 2:    Investing basics

This workshop focuses on the fundamentals of investing.  What's a stock, a bond, a mutual fund?  How to diversify your portfolio and things to consider when doing that.  Asset Allocation models.  You will have done some investing with your Virtual $25k.  Now you will be able to go back and readjust, figure out some "lessons learned in the first quarter of the game" and rethink some of your strategies.

Workshop 3:   Let's Buy a House/Car

This workshop focuses on real estate and mortgages and buying/financing a car.  What's a mortgage rate?  What is amortization?  What's the difference between buying and leasing a car (and why Coach doesn't think Leasing is the best play option).  Workshop "Players" will bring in a house and car they found and want to buy.  We'll practice and discuss the process for getting a loan, things to consider, and what it's like to go to closing (sitting at the table and signing your life away). 

Workshop 4:  Managing Your Liquidity

This workshop will focus on Banking,  Interest Rates, Credit Cards... how to be smart in the "game".

Workshop 5:  Insurance

This workshop will focus on the different aspects of insurance.  Auto, Home, and Life Insurance.  What to look for in your policies.  Things to consider in life insurance.  The different types of life insurance, how do each work? 

Workshop 6:  Retirement Planning

This workshop focuses on... you guessed it, retirement planning.  What's an IRA?  401k?  What is matching? 403b?  What's the difference between a Traditional IRA and a ROTH IRA?  How starting at age 20 is more significant than starting at age 22, 32, 42 (the impact of compounding).  We'll revisit mutual funds and how they play into your retirement planning.  More practice on researching mutual funds and asset allocation. 

Workshop 7:  Real Life Day

This workshop focuses on "Real Life".  It's the "dress rehearsal" for the big game.  We'll provide situations and scenarios where you will use the information gained over the past 6 workshops and design plans for your situation, things you would consider, etc.  It's a chance to use what you have learned. 

Workshop 8:  Culmination

Here we'll review what we've done.  We'll look at the "Real Life Day" from Workshop 7 and discuss everything we've gone over.  Answer questions you have... get you ready for the game!