Instructor Bio & Story | The Enriched Nurse™

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Financial Well-Being For Nurses How to become financially literate and create a comprehensive financial plan to achieve financial well-being w/15 ANCC Contact Hours.

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Instructor Bio, Introduction, and Course Overview (15-20min)

Instructor Bio & Story (6:42)
COURSE INTRODUCTION (6:30)
Disclaimer & Disclosures
Course Overview

Obj. 1: Describe Why Financial Well-Being for Nurses is Important (1.5 Hours)

Background (3:15)
What is Financial Well-Being (Reading)
NOT Financial Well-Being! (1:13)
Why Financial Well-Being (2:53)
Prevalence and Burnout (Reading)
Self-Sacrifice, Burnout, and Martyr Behaviors (5:02)
Burnout, Wellness, and Patient Care (Reading)
Assess Your Financial Well Being (Exercise)
Financial Well-Being Impacts it All! (0:41)
Time for Real or Faux Self-Care? (9:44)
Final Thoughts on Patient Care Impact (Reading)
Money Psychology: Part 1 (5:44)
Summary of CFPB Research (Reading)
Is it Rigged For Nurses? (2:05)
Money Psychology: Part 2 (2 Videos) (7:10)
Behavioral Economics: Biases (2 Videos) (14:10)
Behavioral & Neuro Economics (Reading)
It Was Fun Money! (1:22)
Lifestyle & Financial Well-Being (8:39)
Financial Independence, Retire Early (10:37)
Define Your Why With a Mission Statement (9:23)
Mission Statement Tool
REFERENCES

Obj. 2 Part 1: Identify Key Components of Financial Literacy & Resilience (2 Hours)

Definition and Background (1:42)
P-Fin Index Results (Reading)
Begin With a Sound Lifestyle
About Financial Resiliency (2:36)
Basic Economics Part 1 (4:26)
Supply & Demand Examples, Boom/Bust Cycles (Reading)
The Money Supply (6:07)
Basic Economics Part 2 (5:38)
Inflation (Reading)
Inflation & Wages (5:56)
Final Thoughts on Inflation & Relative Prices (Reading)
Basic Personal Finance: Compound Interest (7:34)
The Time Value of Money (3:46)
Basic Personal Finance Concepts: Borrowing Part 1 (13:08)
Different Loan Term Examples (Reading)
Credit Cards & High Interest Debt (6:18)
Credit Score (8:46)
Good Debt, Bad Debt? (6:51)
Basic Personal Finance Concepts: Borrowing Part 2 (Student Loans, Fees, and Consolidations) (10:05)
Case Scenario & Borrowing Summary (Reading)
Basic Personal Finance Concepts: Savings Part 1 (8:23)
Emergency Savings (4:21)
Emergency Savings and Where to Save (Reading)
Basic Personal Finance Concepts: Savings Part 2 (Inflation & I-Bonds) (6:07)
You've Reached the End of Week 1!
REFERENCES

Obj. 2 Part 2: Identify Key Components of Financial Literacy & Resilience (2 Hours)

Welcome to Week 2!
Basic Personal Finance Concepts: Cash Flow (4:34)
Basic Personal Finance Concepts: Budgeting (4:54)
Budget Approaches (Reading & Video) (0:56)
Basic Personal Finance Concepts: Asset Protection (7:13)
Liability & Disability (11:51)
Life Insurances (5:31)
Basic Personal Finance Concepts: Taxes Part 1 (7:09)
Withholding (4:39)
Tax Brackets (Reading)
PAYSTUBS, INCOME TAXES, AND PAYROLL DEDUCTIONS (3:27)
Basic Personal Finance Concepts: Taxes Part 2 (Deductions & Credits, Capital Gains Tax) (7:59)
Other Taxes (Reading)
Basic Personal Finance Concepts: Home Ownership/Mortgages Part 1 (12:08)
Questions to Ask Before Buying A Home (Reading)
Basic Personal Finance Concepts: Home Ownership/Mortgages Part 2 (0:49)
RUN THE NUMBERS! (Reading)
Mortgage Features & Other Considerations (13:20)
Home Buying Tool Kit and Mortgage Wrap Up (Reading)
Investing and Investment Phases Part 1 (14:11)
Stocks & Bond Slideshow
RISK DISPERSION, DIVERSIFICATION, AND MUTUAL FUNDS (4:19)
Investing and Investment Phases Part 2 (Bubbles & Market Timing) (7:07)
FIVE Rights of Investing (2:47)
REFERENCES

Obj. 3 Demonstrate How to Calculate Important Personal Finance Ratios & Equations (30 min)

Introduction (0:56)
Ratio/Equation Slideshow
Compound Interest Calculators (11:12)
Inflation Calculators (3:37)
Loan Calculators (8:21)
REFERENCES

Obj. 4, Part 1: Demonstrate How to Create a Cash Flow Statement & Budget (15 Min)

Introduction (1:43)
Preview: You'll Get Access to Part 2 After 14 Days! (1:31)
Downloadable Worksheets
NET-WORTH: DETERMINING & ANALYZING YOUR DEBT (5:18)
Net-Worth: Determining and Analyzing Your Assets (6:56)
Downloadable Worksheets
You've Reached THE END of WEEK 2!
REFERENCES

Obj. 4, Part 2: Demonstrate How to Create a Cash Flow Statement & Budget (30 min)

Income and Expense Worksheets & Excel File
How To: Income Worksheet (3:58)
How to: Expense Worksheet (12:57)
Additional Resources & Further Reading
Creating the Budget (8:13)
Additional Budgeting Tools and Resources
REFERENCES

Obj. 5: Explain How to Use the Nursing Process to Create a Personal Financial Plan (90 Min)

Background & Nursing Process Overview (9:10)
Financial Care Plan Template (Download)
A.D.P.I.E. (8:03)
S.W.O.T.
S.M.A.R.T. (8:09)
Circle of Control (3:48)
STEP BY STEP SAMPLE FINANCIAL CAREPLAN (Reading)
REFERENCES

Obj. 6, Part 1: Discuss In Depth Strategies to Reach Goals, Manage Finances, Save & Invest (2 Hours)

Introduction
F.I.R.E For Nurses (8:40)
Automation & Simplification (10:41)
Maximizing Contractual Provisions & Benefits Part 1 (38:09)
Maximizing Contractual Provisions & Benefits Part 2 (15:08)
Expense Reduction Intro (6:26)
Expense Reduction (Reading)
Easy to Hard Expense Reduction (14:28)
Is it Really Going Without? (Reading)
Reducing Insurance Costs (7:30)
Final Thoughts on Expense Reduction (5:22)
Increasing Income: Intro & Credit Card Rewards (9:35)
Increasing Income From Interest (4:22)
Income From Dividends, Side Hustles, & Passive Income
Nursing Side Gigs (4:07)
Debt Elimination Introduction
Debt Elimination: The Sure Way to BOOST INCOME! (6:18)
Debt Avalanche (Reading)
Debt Snowball Method (Reading)
How NOT to Pay Off Debt! (6:30)
Other Debt Elimination Considerations: HELOC, Consolidation, PSLF (Reading)
You've Reached the End of Week 3!
REFERENCES

Obj. 6, Part 2: Discuss In Depth Strategies to Reach Goals, Manage Finances, Save & Invest (2 Hours)

Don't Underestimate Simplicity With Your Investments!
How Investing is Different (8:00)
Tax Advantaged Investing (11:58)
Roth Vs Traditional (4:39)
Tax Advantaged Account Comparisons
IRAs (reading)
401a/401k/403b (Reading)
457b Deferred Compensation (Reading)
HSAs (Reading)
Taxable Investing (10:59)
Active versus Passive Investing (10:02)
Selecting Investments (Slideshow & Reading)
Risk, Asset Allocation, and Rebalancing (6:35)
Risk, Asset Allocation, and Rebalancing (Reading)
Real Estate Investing Intro (6:40)
Real Estate Investing Benefits (Reading)
Real Estate Markets, Supply, & Demand (3:33)
Leverage (7:37)
Three Real Estate Rules (Reading)
Real Estate: Keep It Simple (1:58)
Real Estate Tax Benefits (5:23)
Alternative Investments
REFERENCES

Obj. 6, Part 3: Discuss In Depth Strategies to Reach Goals, Manage Finances, Save & Invest (1.5 Hours)

Intro: Risk, Fear, and Uncertainty (reading)
Framing (7:21)
High Return/High Risk
Understanding Risk in Stocks Better (4:28)
Understanding Risk Better in Stocks and Bonds (Reading)
Understanding Bond Specific Risks (3:10)
Risk Tolerance and Mitigation Strategies (3:00)
Risk Tolerance & Mitigation (Reading) (2:59)
Mitigating Risk with Human/RN Capital (2:59)
Investment Policy Statement (Download) (4:31)
How to Create an Investment Policy Statement (4:31)
Estate Planning
Optimizing Asset Protection (13:59)
Appropriate Insurance (Reading)
Emergency Fund Optimization (14:23)
REFERENCES

Obj. 7: Identify How to Use Expert and Professional Guidance Effectively (50 min)

What is a Financial Advisor? (6:38)
Advice vs Sales (3:51)
Considerations for Experts (9:27)
How Advisors are Paid (9:43)
The Fiduciary Standard (Reading)
Financial Coaches (3:32)
Avoid Getting Ripped Off (Reading)
Wrap Up (8:55)
REFERENCES

Putting it all together, Summary & Review, Evaluation (30 min)

PUTTING IT ALL TOGETHER
CASE STUDY 1: Millionurse
CASE STUDY 2: Nurse UAW
CONCLUSION (8:04)
EVALUATION

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