- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Lessons Learned
There are four important lessons to be learned from the investment hourglass.
- There is a framework for helping us invest. While it is not the only framework to understanding investing, it is one which has significant support and is based on principles. Understand that framework and you will have a much better chance of building a successful portfolio.
- Since life is based on priorities, our investing should follow our priorities as well. We should make sure our priorities are in order first, and then we should begin investing. And we should make sure that we do not begin investing before we take care of our personal and family responsibilities.
- There is an order to what we should do before investing. Understand the principles, and follow that order. There is a great chance that you will achieve your goals.
- There is an order to building your portfolio as well, and it should be based on risk. Since return and risk are related, you should understand the risk of what you invest in and manage that portfolio accordingly.
