The concepts and tools in this class go far beyond business applications and can be used throughout your personal life too. For example, should you get a 30 year mortgage or a 15 year mortgage on your new home. How much will you pay more on a monthly basis, very little, but save over $100,000 in interest expense by not getting a 30 year loan?

Another example, how much do you need to save for your retirement. What's your number needed to reach financial independence to retire and do whatever you want to pursue. We will learn the math to do all this next week. My question to you is: If you could add these tools to your tool-belt and use them throughout your personal and professional life, would you take the time to do it? Of course, the consequences of not learning these tools is to put your life into other people's hands where they will profit from your poor decisions.

How might you use these tools?