Personal Finance Course Budget, Save, Protect, Invest, Grow

Published 1/2024
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.62 GB | Duration: 3h 7m

All about Personal Finance and how to have financially freedom

What you’ll learn
How to Budget Your expenses
How to do Savings
Protect the money
Invest your money and Make it grow
Time Value of Money
How to Invest
How Debt Works
3M of Budget
50-30-20 Thumb Rule
Family and Finance
Life Events and Transition Plan
Retirement Plan and Measurement of Success for Financial Freedom

Requirements
No Finance or Accounting experience is Required
No Material is required as it will be provided
What requires is your passion for learning and understanding how money works

Description
This course will give you all insights how to manage Personal Finance and move towards financial stability. I personally believe the power of finance and understand how exponentially it can impact your financial planning. The core areas of managing personal finance include income, spending, savings, investments, and protection.Smart personal finance involves developing strategies that include budgeting, creating an emergency fund, paying off debt, using credit cards wisely, saving for retirement, and much more.Being disciplined is important, but its also good to know when you shouldn’t adhere to the guidelines.Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.Individual goals and desiresand a plan to fulfill those needs within your financial constraintsalso impact how you approach the above items. To make the most of your income and savings, its essential to become financially savvyit will help you distinguish between good and bad advice and make intelligent financial decisions.Areas of Personal FinanceThe five areas of personal finance are income, saving, spending, investing, and protection.IncomeIncome is the starting point of personal finance. It is the entire amount of cash inflow that you receive and can allocate to expenses, savings, investments, and protection. Income is all the money you bring in. This includes salaries, wages, dividends, and other sources of cash inflow.SpendingSpending is an outflow of cash and typically where the bulk of income goes. Spending is whatever an individual uses their income to buy. This includes rent, mortgage, groceries, hobbies, eating out, home furnishings, home repairs, travel, and entertainment.Being able to manage spending is a critical aspect of personal finance. Individuals must ensure their spending is less than their income; otherwise, they won’t have enough money to cover their expenses or will fall into debt. Debt can be devastating financially, particularly with the high-interest rates credit cards charge.SavingSavings is the income left over after spending. Everyone should aim to have savings to cover large expenses or emergencies. However, this means not using all your income, which can be difficult. Regardless of the difficulty, everyone should strive to have at least a portion of savings to meet any fluctuations in income and spendingsomewhere between three and 12 months of expenses.Beyond that, cash idling in a savings account becomes wasteful because it loses purchasing power to inflation over time. Instead, cash not tied up in an emergency or spending account should be placed in something that will help it maintain its value or grow, such as investments.InvestingInvesting involves purchasing assets, usually stocks and bonds, to earn a return on the money invested. Investing aims to increase an individual’s wealth beyond the amount they invested. Investing does come with risks, as not all assets appreciate and can incur a loss.Investing can be difficult for those unfamiliar with itit helps to dedicate some time to gain an understanding through readings and studying. If you don’t have time, you might benefit from hiring a professional to help you invest your money.ProtectionProtection refers to the methods people take to protect themselves from unexpected events, such as illnesses or accidents, and as a means to preserve wealth. Protection includes life and health insurance and estate and retirement planning.Personal Finance ServicesSeveral financial planning services fall under one or more of the five areas. You’re likely to find many businesses that provide these services to clients to help them plan and manage their finances. These services include:Wealth ManagementLoans and DebtBudgetingRetirementTaxesRisk ManagementInvestmentsInsuranceCredit CardsHome and Mortgage

Overview
Section 1: Introduction

Lecture 1 Introduction to Personal Finance Management

Section 2: Importance of Financial Literacy and Financial Management

Lecture 2 Financial Literacy and Why it is Important

Lecture 3 Key steps to Draw up a Financial Plan

Lecture 4 Factor’s That Influence One’s Personal Financial Planning

Lecture 5 Benefits of Financial Planning

Lecture 6 Budgeting and 50-30-20 Rule of Thumb

Lecture 7 Golden Rule – Savings

Lecture 8 Call to Action – Rich Get Richer – Investment Vehicles

Lecture 9 Handling Debts, Inflation and How to Deal

Section 3: SMART Goals, Budgeting, Planning, Tracking, Reviewing

Lecture 10 SMART Goals

Lecture 11 Steps to Budgeting

Lecture 12 Roadblocks Overcoming

Lecture 13 Barriers to Failure

Lecture 14 Personal Finance Fundamentals and 3M

Lecture 15 Risk vs Return

Lecture 16 Money vs Credit/Debit Cards and Usage Wisely

Section 4: Personal Finance Fundamentals

Lecture 17 Income Plan

Lecture 18 Financial Well Being

Lecture 19 Money Basics

Lecture 20 Real Estate, Mortgage and Big House

Lecture 21 Reduce Investment Cost and Taxes, Index Fund, Active vs Passive Mutual Funds

Lecture 22 Life Events and Transition Plan

Section 5: Family and Finances

Lecture 23 Kids and Money

Lecture 24 Love and Money

Section 6: How to Retire Early and Measuring your Financial Success

Lecture 25 Retirement Plan

Lecture 26 Invest Wisely, Reduce Risk and No Free Lunch, Education Importance

Lecture 27 Financial Success Measurement

Section 7: Yeah ! You have Done it !

Lecture 28 Yeah! You have Done it !

This course is for every individual who wants to grow their money and financially stability in their life,Applicable for every individual in any country,Want to create Retirement funds for Financial Freedom,Passion to learn about Financial Skills and who want to Build Wealth for Financial Freedom

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