Introduction to Personal Financial Planning

Course Overview

The Introduction to Personal Financial Planning course is designed to help individuals build financial literacy. It is made possible by the Brian and Sheila Jellison Family Foundation. Through this course, participants will gain the basic building blocks of financial literacy to build a secure foundation for their future.

The course covers topics such as building a financial plan, understanding financial planning essentials, recognizing how planning and timing impact personal wealth, going deeper into taxes, identifying obstacles to sound financial decisions, discovering valuable resources, exploring the scope and purpose of personal finance, and appreciating how positive reinforcement and research-based evidence impact financial goals.

Participants will gain practical skills, understand the core concepts of financial planning, and achieve a broader understanding of how personal financial planning contributes to a successful and fulfilling life. Through course videos, selected short readings, and self-paced activities, participants will be able to improve their financial situation, net worth, and retirement plan.

Register for the Personal Finance Program to start building your money management skills.

[Applications]
Upon completion of the Introduction to Personal Financial Planning course, individuals can apply their newfound knowledge to their own financial planning. They can use the step-by-step approach to build a financial plan that meets their personal financial objectives, understand financial planning essentials, recognize how planning and timing impact their personal wealth, and identify obstacles to sound financial decisions. Additionally, they can explore the scope and purpose of personal finance and its role in the broader spectrum of financial knowledge, as well as appreciate how positive reinforcement and research-based evidence impact their financial goals.

[Career Paths]
Job position paths recommended for learners of this course include:

1. Financial Planner: Financial planners help individuals and businesses create and manage their financial plans. They provide advice on investments, taxes, retirement planning, estate planning, and insurance. Financial planners must stay up to date on the latest financial trends and regulations to provide the best advice to their clients.

2. Financial Analyst: Financial analysts provide advice to businesses and individuals on investments, taxes, and other financial matters. They analyze financial data, develop financial models, and make recommendations on investments and other financial decisions. Financial analysts must have strong analytical and problem-solving skills.

3. Investment Banker: Investment bankers provide advice to businesses and individuals on investments, taxes, and other financial matters. They analyze financial data, develop financial models, and make recommendations on investments and other financial decisions. Investment bankers must have strong analytical and problem-solving skills.

4. Tax Accountant: Tax accountants provide advice to businesses and individuals on taxes and other financial matters. They analyze financial data, develop financial models, and make recommendations on taxes and other financial decisions. Tax accountants must have strong analytical and problem-solving skills.

The demand for financial professionals is expected to grow in the coming years as the economy continues to expand and more individuals and businesses seek financial advice. Financial planners, financial analysts, investment bankers, and tax accountants will be in high demand as the need for financial advice increases. Additionally, the use of technology in the financial industry is expected to increase, creating more opportunities for those with technical skills.

[Education Paths]
Recommended Degree Paths:
1. Bachelor of Science in Financial Planning: This degree program provides students with the knowledge and skills necessary to become a successful financial planner. Students will learn about financial planning principles, investment strategies, taxation, retirement planning, estate planning, and more. This degree program is ideal for those looking to pursue a career in the financial planning industry. Additionally, the degree program provides students with the opportunity to gain hands-on experience through internships and other experiential learning opportunities.

2. Master of Science in Financial Planning: This degree program is designed for those who want to take their financial planning knowledge and skills to the next level. Students will learn advanced financial planning topics such as portfolio management, risk management, financial analysis, and more. This degree program is ideal for those looking to pursue a career in the financial planning industry or to become a financial advisor.

3. Doctor of Philosophy in Financial Planning: This degree program is designed for those who want to become experts in the field of financial planning. Students will learn advanced topics such as financial modeling, financial engineering, and financial decision-making. This degree program is ideal for those looking to pursue a career in academia or to become a financial consultant.

Developing Trends:
1. Technology: Technology is playing an increasingly important role in the financial planning industry. Financial planners are using technology to automate processes, streamline operations, and provide better customer service. Additionally, technology is being used to provide more personalized advice and services to clients.

2. Data Analysis: Data analysis is becoming increasingly important in the financial planning industry. Financial planners are using data analysis to identify trends, make predictions, and provide better advice to clients.

3. Regulatory Changes: Regulatory changes are impacting the financial planning industry. Financial planners must stay up-to-date on the latest regulations and ensure that their clients are compliant. Additionally, financial planners must be aware of the potential implications of regulatory changes on their clients’ financial plans.