Transformational Leadership Training - Fundamentals of Personal Financial Planning

RMI 2501: Fundamentals of Personal Financial Planning

Semester: Summer

Offered: 2026

Managing your finances is an important and needed skill in society today. This course explores the areas needed to manage household and personal finances. This non-technical course will prepare students to make more informed decisions in a complicated financial world, enabling them to reach their financial goals. Some of the topics explored will include but are not limited to: creating and managing budgets, taxes, savings, estate planning, retirement goals, major purchases, risk management and insurance planning, credit cards, loans, investments, and interest rates.

Guest Speakers:

Jeffrey J. Ling, Certified Financial Advisor at Sagient

Hisashi Shidooka, Chief Investment Officer at Epic Partners

Jasmine Smith, Co-Founder at Marlo Studios

Ben Shearon, Founder at Retire Japan

Alex Shapiro, Co-Founder at Blackship Realty

David Otani, Founder at Otani & Partners

Vijoy Chattergy, Founder at VMLH, LLC

Christina Monroe, International Leadership Development & Public Diplomacy Consultant

Find below samples of multimedia submission for RMI 2501: Fundamentals of Personal Financial Planning

shion.fujita@temple.edu

This video presents a perspective on financial success, arguing that it is more about behavior and system than about mathematical formulas or high IQ. It highlights the importance of consistency, time, and patience in compounding returns, while also acknowledging the privilege of patience for those not struggling with scarcity. It suggests that financial problems stem from systems rather than individual flaws and advocates for focusing on 'what is enough' and ethical systems over individual behavior.

Key takeaways

Financial success is presented as a reflection of behavior rather than a simple mathematical equation.
Success in finance is more closely linked to one's actions and habits than their intelligence quotient.
The secret to financial growth lies in the compounding of time, patience, and consistency, not just financial returns.
The ability to be a long-term investor is difficult for those living paycheck to paycheck due to the 'tunneling effect' of scarcity, making such advice more applicable to those with financial security.
Financial problems are attributed to underlying systems rather than individual shortcomings, shifting the focus from 'how to get more' to 'what is enough' and the importance of ethical systems.

Alex Goodrowe alex.goodrowe@temple.edu

This short video discusses the importance of building wealth, contrasting the prevalent younger generation's focus on lavish lifestyles with a more sustainable approach emphasizing frugality and long-term financial security for future generations.

Key Takeaways

The importance of wealth building: The video highlights the growing importance of wealth building among young people, often linked to the desire for a lavish lifestyle.
Sustainability of lavish spending: The video questions the long-term sustainability of this approach, citing research showing that many wealthy individuals accumulated and maintained their wealth through frugality, not excessive spending.
Focus on long-term financial security: The video advocates for a shift in perspective, emphasizing long-term financial security and leaving future generations better off rather than solely focusing on immediate luxury.
Impact of purchases: Before making luxury purchases, the video encourages viewers to consider the impact on their current financial situation and future well-being.
Frugality over Lavish Spending: The video promotes the idea that building wealth is best achieved through frugality and responsible spending habits, not just through high income.

Rune Katsuura Frotscher

tuq42564@temple.edu

This video provides guidance on how to start a journal for financial wealth, emphasizing that the right mindset is the most crucial element. Rune argues that simply earning, saving, and investing more money is not the complete path to wealth. She outlines three essential points for financial planning.

Key Takeaways

Budgeting for "Enough": The video advises building a budget based on what is "enough" for you, which helps in setting achievable goals and not going beyond your limits.

Start Early: It stresses the importance of starting as early as possible, stating that "time is money."

Emotional Discipline and Moderation: It highlights the need to understand emotional discipline and moderation, which involves knowing when to shift your focus from increasing your money to protecting it.

@twinxszs

This short video is a book review of "Girls Just Want to Have Fun," focusing on its practical advice for managing personal finances. The speaker, a Temple University Japan student, highlights the book's key lessons on setting financial goals, managing savings and debt, and avoiding behavioral biases in financial decision-making.

Key Takeaways

The book emphasizes understanding one's financial situation and setting smart goals.
It provides practical steps for setting specific financial targets and regularly reviewing financial statements.
The book covers managing cash, savings, credit, and debt effectively.
It highlights the importance of maintaining a good credit score and building a healthy credit profile.
The book addresses psychological aspects of financial decision-making, such as avoiding biases like overconfidence.

Hiroto Kusano

This video summarizes key takeaways from a book ("Getting Richer by Robot" by Kosaki) concerning investment strategies. The speaker discusses contrasting viewpoints on investment approaches, specifically regarding S&P 500 investment and diversification.

Key Takeaways

S&P 500 Investment: Kosaki advocates for investing in the S&P 500, citing its historical growth over 90 years and superior performance compared to average hedge fund managers. The low management cost is also highlighted as a benefit.
Diversification Debate: Kosaki argues against diversification, referencing Warren Buffett's approach. However, the speaker cautions that this advice is geared towards experienced investors; less experienced investors should prioritize diversification as a conservative strategy.
Contrasting Viewpoints: The video notes an apparent contradiction in Kosaki's arguments: while advocating against diversification, Kosaki also highlights the S&P 500's inherent diversification as a benefit.
Independent Decision-Making: The video emphasizes the importance of considering various perspectives but ultimately making independent, strategic investment decisions based on one's own risk tolerance and knowledge.

Keisha Ishino

This video is a short advertisement or book review for "Clever Girl Finance," a personal finance book aimed at women. It highlights the book's approach to investing, contrasting it with traditional, potentially confusing investment books written by men. The video emphasizes the book's empowering message for women seeking financial independence and generational wealth.

Key Takeaways

The video promotes "Clever Girl Finance" as an accessible alternative to complex investment books.
It focuses on the book's value for women seeking financial empowerment.
The reviewer learned valuable investing lessons from the book, including avoiding emotional investing, understanding the rule of 72 and compounding interest, and the importance of building lasting wealth.
The video stresses the particular relevance of investing for women to build enduring wealth.

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