Workbook Introduction
What is this book all about? Financial literacy is widely agreed to be a very important topic in our society. There are thousands of...
Patrick Payne
2 min read


Math Skill 1 - Time Value of Money Calculations
Setting up your financial Calculator In order to correctly solve the time value of money calculations you will be performing, it is...
Patrick Payne
14 min read
Math Skill 2 - Financial Statement Analysis
When we say we are going to perform a “financial statement analysis”, what we mean is that we want to calculate some ratios to decide if...
Patrick Payne
3 min read
Math Skill 3 – Income Tax Calculations
Now that you are familiar with the terminology of taxes, we can move on to actually performing tax calculations. The United States uses a...
Patrick Payne
6 min read


Math Skill 4 - Credit Cost Calculations
These calculation steps can be used for ANY type of loan where you have fixed payments and fixed interest rates over time. This includes...
Patrick Payne
7 min read
Math Skill 5 - Affordability Calculations
“How much house can I afford? How much should I borrow for college? Can I afford that car?” These are examples of the types of questions...
Patrick Payne
7 min read
Textbook Introduction
What is this book all about? Financial literacy is widely agreed to be a very important topic in our society. There are thousands of...
Patrick Payne
1 min read
Chapter 1 - The Financial Planning Process
The financial planning process is the taking of conscientious and systematic steps toward fulfilling your financial goals. Conscientious...
Patrick Payne
8 min read
Chapter 2 - Money and Happiness
Good financial management is not about making or keeping money. In fact, fixating too much on money can cause people to make major...
Patrick Payne
10 min read


Math Skill 6 - Retirement TVM Calculations
Retirement problems are just TVM problems, like those in Math Skill 1 - they have an interest rate and payments over time. This means...
Patrick Payne
4 min read