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Financial Basics Everyone Should Know

Michael McDonald

Financial Basics Everyone Should Know

by Michael McDonald

Financial Basics Everyone Should Know

Michael McDonald

5 min
3 key insights
Visual, audio & text

Financial Basics Everyone Should Know gives practical knowledge on topics including savings, investments, insurance, retirement, credit, and portfolios, showing how to answer basic money questions and plan for a strong financial future.

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Financial Basics Everyone Should Know

by Michael McDonald

Financial Basics Everyone Should Know

Michael McDonald

Overview

Understanding how banks work, how to save, and how to retire, are all crucial to understanding the basics of personal finance. By revealing the mysteries of the financial industry, we can become informed and confident when managing our own accounts.

Unlike accounting, which tends to look backwards, finance looks towards future life decisions and major purchases. Finance determines our everyday choices, including how and where we bank, as well as when we buy a house, apply for a loan, or attain insurance, so it's important to gain financial awareness - and Financial Basics Everyone Should Know is here to help. Run by Michael McDonald, a professor of finance and Fairfield University, this course has collated all the most important lessons in finance, whether you're a total beginner or just want to take the next step with your money.

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"The purpose of finance is to help you understand what is likely to happen to your money invested in a variety of ways and prepare for different outcomes."

Michael McDonald

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Financial Basics Everyone Should Know

Michael McDonald

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