Sometimes it is good to think of yourself as a business. By doing so it is far easier to be objective. For this course you will become the Chief Financial Officer (CFO) of You Incorporated. This content will help you define your goals and resources and then teach you how to optimize your budget to achieve your financial goals. Not only are the tools you will learn here immediately actionable, these techniques can utilized over and over. Plus, you will also receive an exclusive ebook only available for the students of this course. This course is taught by a financial industry professional and not an internet marketer or radio personality. The main goal of this course is to make normal complex financial analysis tools simple and easy to use for anyone.
After this course you will know how to:
Determine what you need to save to achieve your goals and how long it will take.
Contents and Overview: This course strips the complexity from ubiquitous financial tools and personalizes those techniques to work for anyone. There are 10 interactive lectures where you will use your own income and expenses to learn the easiest and most effective ways to analyze your own personal finance numbers. Plus, you will get the exclusive ebook "Succeeding at the Business of You: Personal CFO Training Guide" which reviews each of the interactive tools in this course.
What am I going to get from this course?
What is the target audience:
Instructor Introduction and Course Overview, attached to the final lecture (Section 10) are instructions and links for your free book "Succeed at the Business of You: Personal CFO Training" at the end of last lecture of the course there is a link to another free book.
Sometimes it is important to look at yourself as a business entity. For this course, you will be the new Chief Financial Officer (CFO) of "You Incorporated" so it is now your job to make sure the firm does not run out of money, can meet its obligations, and grow into its long term goals. This video will be providing you some initial training to analyze the firm. Everything you do here will be used in the other parts of the training.
In this section you will objectively define and classify your goals. As the CFO you will be assessing those goals, and analyzing your firms ability to meet or adjust those objectives.
Good goal setting is done in two stages:
1. Idealistic: Dream and wish
2. Pragmatic: Determine your resources and set up for the idealistic goals
The Balance Sheet & Income Statement are good tools to evaluate a specific period in time and will help you organize and measure your progress from quarter to quarter (or whatever your personal business cycle is)
These tools will provide you with an objective measurement of how much debt is too much, how to measure if it is increasing or decreasing from cycle to cycle, and a way to figure out how long it will take to pay it off.
The three pillars are what all CFO's use as a framework for developing their budgets and plans.
Every CFO analyzes potential risks and evaluates possible controls. This lecture will help you add these elements to your budgeting tool box
Variance analysis is the ultimate tool for evaluating both the strengths and weaknesses in a balance sheet and income statement. This tool will also help you measure your personal trends and compare each line item against another.
These optimization tactics will help you get and stay inspired. Attached as downloadable material is the ebook "Succeed at the Business of You: The Personal CFO Training Guide" is an exclusive, made just for this course and designed to help you review and re-perform the CFO tools your learned here so you can maintain budget discipline.
Do you want to take control of your finances? Are you ready to finally understand how the financial system works and utilize finance concepts to enhance your lifestyle? The Everyday Investor Club is about self-empowerment and exists to break down complex financial concepts so anyone can utilize them. The Everyday Investor Club strives to provide the most useful, actionable and most succinct classes online at an affordable price.
The Everyday Investor Club is operated by John Endris, a lifelong investor, business consultant, entrepreneur, specialized finance professional, and MBA.