General Principles of Financial Planning

The fundamentals of financial statements, cash management, financing strategies, financial institutions, economic concepts and business law.

Here are the topics covered in the General Principles of Financial Planning:

  • The Financial Planning Process
    • Purpose, benefits, and components of the financial planning process
    • Steps of the financial planning process
    • Responsibilities of the planner, client, and other advisors
    • How to create a financial plan
  • Financial Statements
    • Personal Financial Statements
      • Balance Sheet / Statement of Financial Position / Net Worth Statement
      • Cash Flow Statement / Statement of Cash Flows / Income Statement
    • Business Financial Statements
      • Balance Sheet / Statement of Financial Position/Condition)
      • Income Statement / Statement of Income / Statement of Earnings / Statement of Operations
      • Statement of Retained Earnings
      • Cash Flow Statement / Statement of Cash Flows
      • Pro Forma Statements
  • Cash Flow Management
    • Budgeting
    • Emergency fund planning
    • Debt management ratios
    • Savings strategies
    • Rule of 72
  • Credit, Debt, and Personal Financing Strategies
    • Consumer credit and credit management
    • Long-term vs. short-term debt
    • Secured vs. unsecured debt
    • Buy vs. lease/rent
    • Mortgage financing
    • Leases
    • Insolvency and bankruptcy
  • Financial Institutions: Function, Purpose, and Regulation
    • Banks
    • Credit unions
    • Bank, Thrift, and Credit Union Deposit Insurance (FDIC, etc.)
    • Brokerage companies
    • Insurance companies
    • Mutual fund companies
    • Trust companies
  • Financial Services Organizations: registration, licensing, regulations, and requirements
    • Financial Industry Regulatory Authority (FINRA)
    • Securities and Exchange Commission (SEC)
    • Municipal Securities Rulemaking Board (MSRB)
    • National Futures Association (NFA)
    • Reporting
    • Compliance
    • State securities and insurance laws
    • Registered Investment Advisor rules
  • Consumer Protection Laws, Organizations, and Resources
    • Bankruptcy law
    • Fair credit reporting laws
    • Privacy policies
    • Identity theft protection
    • Consumer fraud and protection
    • Identifying and Avoiding Securities Fraud
  • Financial planning for special circumstances
    • Divorce
    • Disability
    • Terminal illness
    • Non-traditional families
    • Job change and job loss
    • Dependents with special needs
    • Monetary windfalls
  • Behavioral Finance
  • Economic concepts
    • Supply and demand
      • Fiscal policy
      • Monetary policy (Federal Reserve System)
      • Economic indicators
      • Business cycles
      • Inflation, deflation, stagflation, mass inflation, hyperinflation
      • Yield curve
    • Economic Points of View
      • Keynesian Theory of Economics
      • Austrian Theory of Economics
    • Business Law
      • Contracts
      • Agency
      • Fiduciary liability

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iTunes Reviews

- Unbiased Observer

Josh does a great job with laying out advice on how to successfully look at your finances. Highly re ...

- Synesthë

Honestly this podcast is mostly the host trying to get you to buy his financial program (for $300!) ...

- Andre "The Giant" Roussimoff

Joshua provides great advice on a huge variety of topics that aren't at first obvious. His take ...

- AndrewinMaine

I have been a subscriber to this podcast for years! I am self employed in a "blue collar" ...

- Toppak

I found this podcast when searching out information on health sharing ministries. I enjoyed it so mu ...

- Dfalchek

Looking for another personal finance podcast in addition to Clark Howard and checked out Joshua Shea ...

- tuckjosh

Personal finance? More like personal politics. This is just another example of the individualistic m ...

- Jpmsem12323434

Thanks for all the financial education. There is so much to learn from this podcast. Thanks! ...

- WanderingStacey

I started listening to this podcast in 2017 and found the podcast helpful and most topics decently w ...

- Cali MusicLover

The host Joshua is a very knowledgeable and well credentialed young man on many different aspects of ...

- The Honest JE

I've been a listener for quite a while, and listeded to most of the episodes and Joshua has giv ...

- Smokin2long

Super distasteful episode about “how to buy an AR15 rifle” released the day after ANOTHER school sho ...

- brown_is_beatiful

I’m sure I’m in the minority here but I am solely unsubscribing due to a conflict of core beliefs, J ...

- donmcdonald

It sure takes some digging to find financial advice and when you finally scrape some up it ends up b ...

- PF Addict

I've been listening for a few years and find the podcast very educational and enlightening on a ...

- Ant kills birds

I think Joshuas first 100 episodes were pretty solid. However, I feel as though he is forcing the co ...

- James Revue

He has a good voice, has some great ideas and is definitely smart. But show after show he just keeps ...

- mobsite

While I appreciate your willingness to delve into controversial content, I was disappointed to hear ...

- SAV 74

I was hoping to get something out of this, but was turned off by the host taking like preacher. Acti ...

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