Patreon Premium Guide · Finance Foundations

9 Free Finance CoursesA practical path for Christian entrepreneurs and operators

Rick Piña Coaching
Wharton · Yale · Duke · Illinois · Columbia · NYIF · MIT OCW
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Read the books. Decide with cash. Manage risk and behavior. Then go deeper only if you need the system map.

Why this guide

Grow your financial acumen without a Wall Street track

I am sharing this with you because too many Kingdom operators are waiting on God for the next level while refusing to grow their ability to manage what He already put in their hands.

God is your source. That has not changed. Matthew 25:15 still says the master gave to each servant according to his ability to manage. If Heaven rated your capacity high, the assignment got heavy on purpose.

These Wharton, Yale, MIT, and related university finance courses are packaged into a path our community can actually walk: who each course is for, what you learn, an honest free-versus-audit note, and a 4-week starter so you do not drink from a firehose.

This is for Christian entrepreneurs and operators who need the language of money without a Wall Street career track. Learning statements, cash decisions, risk, and behavior is part of faithfulness. Not a lack of faith.

Open the cards. Start with Financial Accounting and Corporate Finance if you only have time for two. Then steward what God trusts you with.

From Rick

God is your source.

He is not asking you to replace faith with spreadsheets.

He is asking you to grow your ability to manage what He puts in your hands.

Matthew 25:15 (TPT) says the master entrusted gold to his servants, each according to his ability to manage.

If the assignment feels heavy, Heaven already rated your capacity.

Audit mode is fine. Learning is the point.

Start with Financial Accounting, then Corporate Finance.

Add Behavioral Finance so good tools do not get undone by bad habits.

God can bless you. You still have to steward the blessing.

Honest caveat

What “free” usually means

On Coursera, free almost always means audit: you can typically watch videos and read materials without paying. Shareable certificates, many graded quizzes, and specialization credentials usually require a paid certificate, Coursera Plus, or approved financial aid.

Read this before you enroll

MIT OpenCourseWare is different: course materials are freely published for self-study. There is no Coursera-style paid certificate for OCW itself, and some case packets may need separate publisher purchase. Always confirm the current enroll/audit options on the course page when you start.

Starter path

Suggested 4-week starter

Busy operator. About 5-8 hours per week. Audit mode is OK. Pick 2-3 courses.

WeekFocusCourse(s)
1-2Read the booksIntroduction to Financial Accounting (Wharton) - balance sheet, income statement, cash flows
2-3Decide with moneyIntroduction to Corporate Finance (Wharton) - TVM, DCF, NPV (overlap weeks OK if pace is light)
4Bias check + nextBehavioral Finance (Duke) - finish in one week (~5 hours). Optional stretch: start Illinois CVP/budget if accounting felt easy

Why these three: Maximum practical payoff for a small enterprise - statements literacy, investment criteria, and decision discipline - before markets theory or graduate cases.

If you only have time for two: Accounting + Corporate Finance.
If accounting is already solid: Corporate Finance + Decision-Making and Scenarios (add spreadsheet practice).

Full path

Suggested learning order

Goal: read the books → decide with cash → manage risk and behavior → optional depth. Not a Wall Street sequence.

  1. 01Introduction to Financial AccountingWharton
  2. 02Introduction to Corporate FinanceWharton
  3. 03Behavioral FinanceDuke
  4. 04Financial Analysis of Scenarios and DecisionsIllinois Gies
  5. 05Decision-Making and ScenariosWharton
  6. 06Introduction to Risk ManagementNYIF
  7. 07Financial MarketsYale
  8. 08Economics of Money and Banking (optional, denser)Columbia
  9. 09Finance Theory II (15.402) (optional, graduate)MIT Sloan

Nine courses

The Wharton School logo
The Wharton School
University of Pennsylvania
Course 01
Coursera · Beginner

Introduction to Financial Accounting

University of Pennsylvania (Wharton) · ~2 weeks at 10 hours/week (4 modules, ~13–20 hours)
Who it is for

Anyone who must read financial statements - owners reviewing books with a bookkeeper/CPA, board members, or operators evaluating a vendor, partner, or acquisition target.

What you will learn
  • Financial reporting overview: who sets and enforces the rules
  • Balance sheet equation, assets, liabilities, and equity, debit/credit bookkeeping
  • Accrual accounting, adjusting/closing entries, and the income statement
  • Statement of cash flows: operating, investing, and financing classifications
  • Differences among earnings, cash from operations, EBITDA, and free cash flow
  • Ratio analysis for interpreting balance sheet and income statement relationships

Why it matters: Turns financial statements from opaque PDF dumps into usable decision inputs. Critical for spotting cash vs. profit gaps, talking productively with accountants, and reading third-party statements before partnerships or credit decisions.

Free vs paidCoursera: audit typically free for videos/readings, certificate and graded assessments require paid enrollment (financial aid may be available).
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The Wharton School logo
The Wharton School
University of Pennsylvania
Course 02
Coursera · Beginner

Introduction to Corporate Finance

University of Pennsylvania (Wharton) · ~9 hours (4 modules)
Who it is for

Operators and business owners who need core money tools - time value of money, NPV/IRR, and capital budgeting - without a Wall Street career track. Practical for evaluating equipment purchases, loans, and growth investments.

What you will learn
  • Time value of money: discounting, compounding, and tax effects
  • Interest rates: inflation, APR vs EAR, and term structure
  • Discounted cash flow (DCF) analysis and free cash flow forecasting
  • Capital budgeting decision criteria: NPV, IRR, hurdle rate, payback
  • Sensitivity analysis and return on investment for project decisions
  • Applied scenarios: retirement savings, mortgages, leases, and a tablet-case valuation

Why it matters: Gives a repeatable framework for deciding whether a purchase, expansion, or financing deal creates or destroys value. Useful when comparing loan options, pricing a project, or stress-testing cash-flow assumptions before committing capital.

Free vs paidCoursera: course materials typically free to audit, shareable certificate and full graded experience require purchase or subscription (financial aid may be available).
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Duke University logo
Duke University
Behavioral Finance
Course 03
Coursera · Beginner

Behavioral Finance

Duke University · ~5 hours (3 modules)
Who it is for

Anyone making spending, saving, investing, or pricing decisions who wants to catch predictable bias - owners, ministry stewards, and household financial decision-makers alike.

What you will learn
  • Classical rational choice vs. how people actually decide
  • Utility of money, expected utility vs. prospect theory
  • Probability distortions, heuristics (availability, representativeness), framing
  • Mental accounting, loss aversion, confirmation bias, overconfidence
  • Applications to saving early and money management
  • Market bubbles and crashes through a behavioral lens

Why it matters: Improves personal and organizational money decisions by naming biases (holding losers, skipping matched retirement contributions, mental-accounting traps). Short course with outsized practical payoff for discipline and process.

Free vs paidCoursera: audit typically free, certificate paid. Completing the course does not yield a Duke University transcript/academic credit.
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Gies College of Business logo
Gies College of Business
University of Illinois Urbana-Champaign
Course 04
Coursera · Beginner

Financial Analysis of Scenarios and Decisions

University of Illinois Urbana-Champaign (Gies College of Business) · ~2 weeks at 10 hours/week (4 modules, ~17–20 hours)
Who it is for

Managers and entrepreneurs who run day-to-day operations and need managerial accounting for pricing, break-even, budgets, and performance reviews - not external financial reporting.

What you will learn
  • Managerial accounting and cost frameworks (objects, behavior, relevant costs)
  • Cost-volume-profit (CVP) analysis for what-if pricing and volume decisions
  • Planning and budgeting: sales, production, cash, and master budget components
  • Variance analysis: comparing actual vs. budgeted performance
  • Financial performance measures (e.g., ROI, residual income) and their pitfalls
  • Non-financial and strategic performance measurement systems

Why it matters: Helps answer operator questions: What volume do we need to break even? Where did the budget go off track? Which costs matter for this decision? Strengthens monthly planning and accountability inside a small business or ministry enterprise.

Free vs paidCoursera: part of Financial Analysis - Skills for Success Specialization, audit access to materials is typically free, certificate/graded path is paid (aid often available).
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The Wharton School logo
The Wharton School
University of Pennsylvania
Course 05
Coursera · Intermediate

Decision-Making and Scenarios

University of Pennsylvania (Wharton) · ~9 hours (4 modules)
Who it is for

Entrepreneurs and operators ready to model a new product, equipment buy, or expansion in a spreadsheet - linking strategy to NPV and scenario analysis.

What you will learn
  • Why NPV is the preferred project evaluation criterion vs. IRR, payback, ROI
  • Time value of money and cost of capital in project decisions
  • Incremental after-tax cash flows across investment, operating, and terminal phases
  • Translating business activities into balance sheet, income statement, and cash flow forecasts
  • Spreadsheet setup for forecasting and automatic recalculation of plans
  • Scenario/sensitivity analysis for new-venture NPV and risk implications

Why it matters: Converts gut-feel expansion decisions into modeled alternatives with clear cash-flow and NPV implications. Especially valuable before launching a new offer, opening a second site, or committing to a large capital outlay.

Free vs paidCoursera: part of Business and Financial Modeling Specialization, audit typically free, certificate paid. Specialization suggests prior spreadsheet/modeling courses if you are new to modeling.
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New York Institute of Finance logo
New York Institute of Finance
Professional finance education
Course 06
Coursera · Beginner

Introduction to Risk Management

New York Institute of Finance · ~2 weeks at 10 hours/week (6 modules, ~16–20 hours)
Who it is for

Business managers and operators who need a structured vocabulary for market, credit, operational, liquidity, and enterprise risk - and how firms measure and limit it.

What you will learn
  • Differentiate financial vs. business risks and why firms manage risk
  • Types of financial risk: market, credit, operational, and enterprise perspectives
  • Risk measurement vs. risk management, setting risk limits
  • Money and capital markets participants and US/UK/EU regulatory structures
  • Risk modeling: probability distributions for risk factors
  • Scenario analysis and stress testing as non-parametric loss tools

Why it matters: Helps owners name and prioritize risks before they become crises - cash crunches, concentration risk, operational failures, and regulatory exposure. Useful for insurance/vendor decisions and for building a simple risk register for a growing organization.

Free vs paidCoursera: part of Risk Management Specialization, materials typically free to audit, certificate path paid (aid may be available).
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Yale University logo
Yale University
Open Yale / Coursera
Course 07
Coursera · Beginner

Financial Markets

Yale University · ~3 weeks at 10 hours/week (7 modules, ~30–33 hours)
Who it is for

Leaders who want a big-picture map of how markets, insurance, banking, and regulation work - useful context for investing, borrowing, and understanding the financial system that surrounds any enterprise.

What you will learn
  • Risk management basics, insurance concepts, diversification, and CAPM
  • Behavioral finance principles and limits of market efficiency
  • Stocks, bonds, dividends, corporate structure, and market history
  • Mortgages, bubbles, recessions, and financial regulation
  • Options, forwards/futures, and hedging concepts
  • Investment banking, brokers/dealers, exchanges, mutual funds/ETFs, and public finance themes

Why it matters: Builds financially literate leadership: how risk is pooled, why markets misbehave, and how institutions shape credit and capital. Improves conversations with bankers, advisors, and boards without requiring a trader’s skill set.

Free vs paidCoursera: free audit of lectures/materials typically available, certificate and graded work require payment (financial aid may be available). Robert Shiller remains the listed instructor.
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Columbia University logo
Columbia University
Economics of Money and Banking
Course 08
Coursera · Intermediate

Economics of Money and Banking

Columbia University · ~3 weeks at 10 hours/week (13 modules, substantial, ~30+ hours)
Who it is for

Learners who want deep context on how banks, money markets, central banks, and market liquidity actually work - more analytical than operator-tooling, but clarifying for credit cycles and financial stress.

What you will learn
  • Money hierarchy and balance-sheet approach to monetary economics
  • Banking as a clearing/payments system and settlement constraints
  • Repo, Fed Funds, Eurodollar markets and funding liquidity
  • Dealers as suppliers of market liquidity, Treynor-style dealer economics
  • Central banks as dealers of last resort in crises
  • International money, FX dealing, swaps/CDS, and shadow banking

Why it matters: Explains why credit freezes, why liquidity ≠ solvency, and how policy/market plumbing affects borrowing costs and financial stability. Helps entrepreneurs interpret news about rates, banks, and crises with less confusion.

Free vs paidCoursera: audit typically free for lectures/readings, certificate and graded exams require payment (financial aid may be available). Produced with Institute for New Economic Thinking.
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MIT Sloan / MIT OCW logo
MIT Sloan / MIT OCW
Massachusetts Institute of Technology
Course 09
MIT OpenCourseWare · Advanced

Finance Theory II (15.402)

MIT Sloan School of Management · Semester graduate course (originally 2 × 1.5-hour sessions/week, Spring 2003 materials)
Who it is for

Self-directed learners who already have corporate finance basics and want graduate-level case work on capital structure, valuation (WACC/APV), and corporate strategy applications. Not a first course.

What you will learn
  • Financing needs and optimal capital structure (debt vs. equity choices)
  • Case-based analysis of growth financing and leverage decisions
  • Project valuation: free cash flows, cost of capital, WACC and APV
  • Company valuation, mergers/restructuring themes, and real options
  • Linking corporate finance tools to broader corporate strategy
  • Application via classic HBS-style cases (e.g., Wilson Lumber, Ameritrade, Dixon)

Why it matters: Deepens judgment on how much to borrow, how to value projects/companies, and how financing interacts with strategy. Best used after Wharton intro finance/accounting as an advanced self-study library - not a certificate track.

Free vs paidMIT OCW: materials (lecture notes, assignments, exams/solutions) are free to access under OCW terms. No Coursera-style paid certificate, archival Spring 2003 course (cases may require separate purchase from publishers).
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Download the letter PDF

Dense booklet with all nine institution-branded course cards and QR codes. Print or save offline.

Coaching with Rick

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