Business 비지니스
Intro to Personal Finance I and II
Financial Technology, or so-called FinTech, has been used in the finance industry for some time, but it is increasingly becoming a necessary skill set for laymen to carry out common chores in daily life
Many people are scared to deal with technology when it involves money, and some believe that FinTech is only a younger generation’s business. If you wanted to start a small business in the past, you would go to your local bank to ask for a loan, and if you want to build wealth, you would seek out bankers or investors who would process the transactions for you. Not any longer! The finance industry is rapidly changing, and any savvy person will want to actively utilize FinTech as a vital tool in both their business and personal finance planning.
FinTech is revolutionizing the way of doing business in internet banking, electronic payments, mobile transfer, online transactions, web-based loan applications, fundraising, crowdfunding, robo-investment, and others. The trend is not just in the U.S., as it is growing globally as well. Accordingly, we need to stay informed of, acquire knowledge about, and take advantage of FinTech.
In this beginning class, students can learn basic elements of Finance/Business and obtain hands-on experience on their own electronic devices such as smartphones, tablets, pads, financial calculators, or notebook/laptop computers. This FinTech Beginners course will be followed by a Financial Technology Intermediate class
| Topics | |
| 1st week | Working with numbers (writing numbers, decimal & mixed, fractions) Equation (symbols and expresssions) Percents |
| 2nd week | Trade and cash discounts Markup and markdown Break-even analysis Bank accounts Writing checks |
| 3rd week | Pay roll, payroll deduction Gross pay, wages Employee taxes and reporting to IRS |
| 4th week | Computing interest (simple & compound interest, maturity dates & value) Principal, rate and time value |
| 5th week | Future value and present value Annuities |
| 6th week | Loan payments and interest Paying off loans Home ownership and Mortgage loans |
| 7thweek | Stocks, bonds, and mutual funds Investment return |
| 8th week | Financial statements (income statements, balance sheets, P/E, ratios) Inventory, overhead, depreciation |
| 9th week | Taxes (Income, Sales, Property) Federal taxes State taxes |
| 10th week | Insurance Foreign currency, exchange rates Currency units, metric system |
| 11th week | Statistics (Mean, Median, Mode) Graphs for data presentation |