Financial Wisdom Preparatory Institute

We have a truly unique and innovative textbook. The first volume gives teens the foundation that they need, while the second gives them a powerful boost. The first volume will be available in June, and the second is in the works.

The textbook is customized for bright teens. It starts from beginning basics, but quickly moves into advanced concepts. It has fun, fascinating stories from life throughout, that will instill street smarts and help the student absorb the material.

The author is Dr. Joetta Forsyth, Harvard Ph.D. and Professor of Finance at Pepperdine University. Her textbook provides cutting edge financial information based on the latest academic research. Students will learn how to use powerful financial tools for a variety of uses such as financial planning, budgeting, understanding loans, and making smart investments. Considerable resources are also devoted to teaching career skills.

The result is a highly educational, entertaining, and carefully crafted subject matter, designed to tune up your teen to the maximum extent possible before they leave home for college.

Topics Include:

Fundamentals of Financial Wisdom, Volume 1
Essential Information for Life's Journey

1. Introduction

THE FINANCIAL ENVIRONMENT

2.  Businesses, Institutions, & Financial Securities and Markets
3.  Tax Codes
4.  Personal Financial Statements
5.  Managing Your Cash and Budgeting

THE TIME VALUE OF MONEY

6.  Compounding Interest
7.  Annuities and Perpetuities
8.  Interest Rates
9.  Mortgages

THE BASICS OF PLANNING

10.  Budgeting in Excel
11.  Retirement Plans
12.  Financing College
13.  Forecasting in Excel
14.  Spending Money
15.  Career Skills
16.  Leverage and Risk

YOUR CREDIT SCORE AND GOOD NAME

17.  Credit Scores.
18.  Financial Distress
19.  Identity Theft
20.  Looking Good For a Lifetime

Fundamentals of Financial Wisdom, Volume 2
Investing, Risk, and Advice

INVESTING BASICS

1.  Bonds and Bond Pricing
2.  Introduction to Statistics
3.  Risk, Reward, and Diversification
4.  Models of Securities Prices
5.  Income Versus Cash Flow and Stock Pricing
6.  Scams, Lucky Monkeys, Dangerous Dolphins, and Chasing Leverage
7.  Lemons and Peaches
8.  Bubbles
9.  Fees, Spreads, and Returns

BUYING A HOME AND OTHER LARGE ASSETS

10. Home and Car Buying, and the Buy Versus Lease Decision

INVESTING IN FINANCIAL SECURITIES AND REAL ASSETS

11.  Stocks, Bonds, ETFs and Mutual Funds
12.  Other Financial Securities and Real Investments
13.  Institutions, Fraud, Guarantees, and Investor Rights
14.  International

INSURANCE

15.  Managing Risk and Principles of Insurance
16.  Home, Car, and Umbrella Insurance
17.  Life Insurance
18.  Disability and Unemployment Insurance, Safety Nets, and Health Insurance

SAVING TAXES

19. Tax Saving Strategies

ADVISORS AND ESTATE PLANNING

20. Advisor Conflicts from Fees and Other Incentives, and Finding a Good Advisor
21. Estate Planning Basics

EVELOPING GOOD HABITS FOR LIFE AND SUMMING UP

22. A Review of Good Habits for Life and Conclusion