Money Management Skills [TTC Video]
08 February 2015, 17:22
2015 | Course No 5231 | M4V, AVC, 2000 kbps, 640x360 | English, AAC, 128 kbps, 2 Ch | 12x30 mins | + PDF Guidebook | 5.7GB
Money management can be intimidating, but the good news is that the newest research into the human brain can help us understand why we make mistakes and how we can create an effective plan to meet our financial goals. Learning to navigate complex financial markets and create good financial habits is essential to the all-important goal of gaining control over our financial future.
Money management requires knowledge of financial products, investment and risk theory, and essential tax rules. But it also requires an understanding of how we as fallible humans make mistakes. These lectures will go beyond the advice of a traditional money management course and delve into the emerging science of financial decision-making. With this course, you’ll learn how to overcome your brain’s programming and avoid following your emotions down the wrong financial path.
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, a young person getting started in life or a Baby Boomer contemplating retirement, Money Management Skills is an excellent primer for creating financial security. Taught by financial expert and Texas Tech University professor Michael Finke, these 12 practical lectures will boost your confidence around money management. This is not a course for big investors looking for the next hot stock. Rather, these lectures are for regular people who want to make sound financial decisions without obsessing over the daily changes in the market.
For most of us, a few basic principles of money management can help us get our financial houses in order, answering such questions as:
- What are the optimal uses of credit and debt?
- Is home ownership actually a good investment?
- How much insurance do I really need?
- Where should I invest my money?
- What should I do to prepare for retirement?
Money Management Skills takes you on a tour of some of the most widely available financial products, from mutual funds to life insurance to college savings accounts. Professor Finke offers evidence-based guidance for building a financial strategy using these products. When you complete the course, you will have all the important information you need to manage your finances—as well as being aware of psychological pitfalls to avoid.
Manage Money for Every Stage of Your Life
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. There is a time in all of our lives where we should be borrowing more and saving less, and a time when we should be saving more and borrowing less. As he teases out the implications of this framework, Professor Finke introduces you to the range of financial products and tools at your disposal, including:
- liquid assets,
- stocks and bonds,
- mutual funds,
- insurance, and
- estate planning.
You’ll receive a comprehensive overview of these options, as well as general guidance about the principles of taxation, building a credit history, analyzing your tolerance for risk, choosing a retirement age, and much more. Professor Finke ties it all together with the most up-to-date financial data and trends.
Create Your Long-Term Financial Plan
The tricky thing about financial management is that our instincts are often unreliable. Scientific evidence suggests that humans are hard-wired to make emotional decisions that prevent us from making good decisions under stress. For instance, we might be tempted to sell stock when the market falls, or we might overestimate certain risks while ignoring greater threats. The key to sound money management is to develop patience and discipline for the long haul.
Money Management Skills gives you a rational blueprint for setting financial goals, managing debt responsibly, setting aside money for retirement, taking advantage of tax benefits, navigating end-of-life issues, and much more. You’ll discover a host of basic rules of thumb, such as:
- Education is one of the most valuable investments you can make for yourself or your children.
- Choose passive, low-expense mutual or index funds for long-term investing, and be sure to diversify your portfolio.
- Term life insurance is a great value, but depending on your tolerance for risk, comprehensive auto insurance might not be such a good deal.
- Retiring just a few years later can leave you with significantly more money to spend annually during your retirement.
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. Professor Finke provides a worry-free approach to handling all aspects of money management.
- Understanding Your Financial Brain
- Managing Money with Life Cycle Theory
- Basic Investing: Keep It Simple
- The Key Financial Instruments
- How to Use Credit Optimally
- Investing in Education
- The Economics of Home Ownership
- Managing Risk with Insurance
- Essential Tax Principles
- Saving for Retirement
- Fundamentals of Estate Planning
- Putting Your Financial Plan Together
Other 1492: Ferdinand, Isabella, and the Making of an Empire [TTC Video]
07 February 2015, 07:10
Course No 899 | MP4, AVC, 624x484 | AAC, 55 kbps, 2 Ch | 12x30 mins | 4.93GB
In 1492, there was no country called Spain and no language called Spanish. The biggest event of the year, in the region that would become Spain, was the surrender of the last Muslim stronghold, Granada. The Edict of Expulsion gave Jews three months to either convert to Christianity or leave the Kingdom of Castile and the Crown of Aragon.
In other words, there is a different 1492, than the one most of us know, one that is more complete and more complex.
This 12-lecture course uses 1492 as a focal point to follow events that enabled Spain to become a country and then an empire. It examines centuries of developments that led up to that pivotal date in Spanish history, and analyzes the consequences of the events that took place in 1492 for both Spain and the New World.
A Year that Symbolizes Spanish History
Presented by Professor Teofilo F. Ruiz, a foremost authority on Spanish history and an award-winning teacher and author, this course paints a portrait of 1492 as the centerpiece of the transformation of Spanish society by tying together several key themes:
- The rise of Castile as the strongest of the Spanish realms, and the reforms of Ferdinand and Isabella. Catholic monarchs built a popular and stable monarchy in Castile—through such measures as new taxes, control of the military, and reform of the church—that enabled Spain to emerge as the most powerful nation in Europe.
- The end of pluralism. For centuries, the Iberian Peninsula had been a multicultural mix of Christians, Muslims, and Jews. Beginning with the Christian victory over Muslim forces at Las Navas de Tolosa in 1212, and continuing with developments such as the conquest of Granada and the Edict of Expulsion, both in 1492, Muslims and Jews were either forced to convert to Christianity or sent into exile.
- The world of Christopher Columbus. Developments such as the recovery of classical knowledge of geography and astronomy, and new knowledge of maps and the use of the compass and astrolabe, enabled Columbus to set sail confidently across the Ocean Sea (Atlantic). Columbus's discoveries gave Spain a foothold in the Caribbean that it used to test colonial institutions, and to explore and conquer Mexico and Central America.
The Experience of Muslims, Jews, and Native Americans: 1492 from "Below"
Today, we associate 1492 with a sense of wonder and discovery. But a major theme of this course is to look at history not only from "above"—the perspective of a victorious Castilian and Christian society—but from below, from the view of the defeated, the outsiders, those seen as "other." For many people of the time, 1492 inspired only despair and terror.
Professor Ruiz conveys a palpable sense of the experiences of Muslims and Jews as they faced the choice of renouncing their religious beliefs or leaving lands that they had called home for centuries. This discussion touches on topics such as the Muslim sense that their civilization was ultimately doomed after the defeat by Christian forces at Toledo in 1085, and the confusion felt by Conversos—Jewish converts to Christianity—who tried to mix elements of Judaism with their new religion and became prime targets of the Inquisition.
You will see how Castilian attitudes toward others were exported to the New World. Spanish accounts of native peoples were ambivalent. They praised natives' simplicity and seeming closeness to God, but labeled them with the same stereotypes that had been applied to Muslims and Jews, and questioned whether they were truly human.
Throughout, these lectures are an opportunity to understand the events of 1492 as they were perceived by people of the time, and to correct misconceptions that linger today. For example, you will learn why Columbus's voyages were not seen as the greatest of his time, that he and his fellow Europeans did not believe the Earth was flat, and that his first voyage did not produce doubts and fear among those who sailed with him.
This 1492, the "other" 1492, will greatly expand and often revise your understanding of one of history's most crucial dates.
- Europe and the New World in 1492
- Reconquest, Pilgrimage, Crusade, Repopulation
- The Transformation of Values
- An Age of Crisis
- Isabella and Ferdinand—An Age of Reform
- Iberian Culture in the Fifteenth Century
- The Conquest of Granada—Muslim Life in Iberia
- The Edict of Expulsion—Jewish Life in Iberia
- Jews, Conversos, and the Inquisition
- The World of Christopher Columbus
- The Shock of the New
- Spain and Its Empire—The Aftermath of 1492
The Hidden Factor [TTC Video]
27 January 2015, 09:04
Course No 5133 | MP4, MPEG4, 819 kbps, 426x320 | English, AAC, 96 kbps, 2 Ch | 24x30 mins | 4.69GB
From technology to business, two (or more) heads often prove to be better than one—but only if those heads are cognitively diverse. Top-performing companies, universities, and innovation centers are increasingly finding ways to encourage a greater exchange of ideas among their staff. Scientific journals continue to see the number of authors per paper rise, while both Nobel Prizes and patents are frequently granted to teams. The need for group problem solving has never been more critical. So what’s driving the demand?
- The changing nature of work: The complexity of challenges faced by today’s “creative class” has produced a new reliance on teams. A group with diverse experience and education can often more effectively provide solutions by bringing myriad viewpoints to the table.
- Demographic trends and technology: Technology is making the world smaller and connecting us with diverse sets of people and ideas. Our cultural identities influence everything from the books we read to the stories we hear in childhood and, thus, the way we make sense of the world.
Diverse perspectives are a powerful tool for maximizing productivity and enhancing collective performance. Believe it or not, you can even be “diverse” all by yourself. You can, to quote Walt Whitman, “contain multitudes.”
The Hidden Factor: Why Thinking Differently Is Your Greatest Asset is your opportunity to learn the strategies that make you a more diverse thinker and position you to break down institutional silos and build robust, effective teams. Delivered by Professor Scott E. Page of the University of Michigan—a pioneering researcher in his field—these 24 thought-provoking lectures are packed with case studies, cautionary tales, and formal mathematical methods that prove the case for cognitive difference.
Whether you’re in a leadership position or striving to advance your career, Professor Page’s techniques will train you to
- tackle problems with the right mix of individuals,
- drive innovation and avoid collapse,
- adapt to changing circumstances and challenges,
- forecast outcomes with greater accuracy, and
- identify conditions in which diversity trumps ability.
By teaching you to “see around the bend” and analyze decisions from multiple perspectives, The Hidden Factor even has practical benefits beyond the workplace. From determining which house to buy to where to invest your money, life requires making smart predictions at every turn.
Build a Winning Team
At the outset of the course, Professor Page acknowledges the elephant in the room: that diversity is a politically charged term. Although there is a strong correlation between identity diversity (differences in cultural backgrounds) and cognitive diversity (differences in how people think), the professor makes it clear that the focus of this course is cognitive diversity and how we can leverage it to solve complex problems.
In The Hidden Factor, you’ll learn diversity creates a significant advantage on multiple levels:
- As an individual: You’ll benefit personally by being able to view problems from multiple perspectives and by building a diverse tool kit.
- As a team: Teams of cognitively diverse people can produce more ideas, find better solutions, encounter fewer mistakes, and make better forecasts than will individuals or homogeneous groups.
- As a society: Diverse societies are productive, innovative, and interesting, while societies that lack diversity risk collapse.
Of particular use to those in management or hiring positions, The Hidden Factor demonstrates how variety in staffing engenders organizational strength. Typically, candidates are evaluated in a linear fashion on the basis of how a certain skill applies to a certain task. However, new hires bring along “toolboxes” filled with unique perspectives that current employees may not offer.
To illustrate this key tenet of the course, Professor Page uses a number of eye-opening examples and mental exercises. One such scenario highlights the tests that companies like Microsoft and Google administer to job applicants. Talent-based logic implies only those with the highest scores should be hired. Diversity-based logic says otherwise.
Say you have three applicants for two positions on a team. Each is asked 10 questions, and the scores are as follows:
Candidate A: 7
Candidate B: 8
Candidate C: 8
Following talent logic, you should add candidates B and C to the team. But diversity logic suggests that you look at the distribution of questions answered correctly in addition to the scores.
Applicants B and C each get 1 through 8 correct but cannot solve question 9 or 10. Applicant A misses 1 through 3, but correctly answers 4 through 10. Diversity-based logic tells you that the team will do better if it contains cognitively diverse people, so you should hire person A and either B or C.
Make More Accurate Predictions
Throughout the course, formal mathematical models nail down the logic behind the professor’s conclusions. While the theorems and formulas are important for understanding the conditions necessary for a proposition, a love of numbers is not required to master the concepts. As Professor Page walks you through the math, you’ll arrive at some astounding realizations—such as the fact that diversity and ability are of equal value in producing collective wisdom. Also, a diverse crowd will always be more accurate than its average member.
You’ll also see the central role forecasting plays in organizations and even in your daily life. Not only is it important for nuts and bolts operational issues, it enables more effective design of products and policies. In order to give people what they want, you must know what they want, and that involves forecasting.
You’ll learn many heuristics, or tools, for making smart predictions:
- Analogies allow you to make estimates about an unknown entity by using the value of something comparable.
- The Fermi method/dimensional analysis breaks an estimate into parts, and then multiplies those parts together.
- Linear decomposition relies on dividing a whole intoparts and then finding the sum of those parts, assuming the value of the individual components is known.
- Trend analysis is based on what statisticians call a time series. This method uses a sequence of data—such as daily temperatures or stock prices—to forecast the future.
While the models presented are not “all-knowing oracles,” they do provide strong foundations from which to launch the decision-making process.
In a rapidly changing world, it’s imperative to stay agile by possessing a diverse set of tools. Institutional practices that may have worked well in previous years may cease to perform as the landscape changes. The Hidden Factor recounts numerous noteworthy examples of large-scale failure and collapse, a common cause of which is groupthink. From the U.S. housing market crash to the fall of entire civilizations, you’ll take an in-depth look at reasons this phenomenon occurs and strategies to avoid it.
A One-of-a-Kind Experience
As a leading expert on complexity and diversity, Professor Page offers his original research alongside that of other noted practitioners to put you on the cutting edge of this field. His engaging, often humorous teaching style leaves no doubt why he is a sought-after lecturer at top universities, businesses, and nonprofit organizations.
All 24 lectures are filled with a colorful array of down-to-earth analogies and examples that illuminate the intriguing, perception-shifting concepts at the core of this ambitious course. Professor Page also provides concrete, factual logic undergirding this hidden factor of success. Charts, graphs, and other images clarify the data, while math equations make the lessons easy to follow.
The Hidden Factor clearly demonstrates that the problems facing society will grow ever more complex as the low-hanging fruit all but disappears. Leveraging diversity isn’t as simple as counting up the number of types and saying more is better; it requires the proper connections and interactions between those diverse parts. Stay competitive by training your mind to think differently with this invaluable course.
- Individual Diversity and Collective Performance
- Why Now? The Rise of Diversity
- Diversity Squared
- The Wisdom of Crowds
- The Diversity Prediction Theorem Times Three
- The Weighting Is the Hardest Part
- Foxes and Hedgehogs—Can I Be Diverse?
- Fermi’s Barbers—Estimating and Predicting
- Problem Solving
- Diverse Perspectives
- Heuristics and the Adjacent Possible
- Diversity Trumps Ability
- Digging Holes and Splicing Genes
- Ability and Diversity
- Combining and Recombining Heuristics
- Beware of False Prophets—No Free Lunch
- Crowdsourcing and the Limits of Diversity
- Experimentation, Variation, and Six Sigma
- Diversity and Robustness
- Inescapable Benefits of Diversity
- The Historical Value of Diversity
- Homophily, Incentives, and Groupthink
- The Problem of Diverse Preferences
- The Team. The Team. The Team.