A Beginner's Guide to Mastering Your Personal Finances

Name: A Beginner's Guide to Mastering Your Personal Finances
Rating: 4.6 (84 reviews)

Learn to Better Understand Your Money & Strive For Financial Freedom!

Created byGriffin Milks

Last updated 8/2023

English

What you'll learn

A simple yet thorough guide on the basic elements of personal finance
A practical approach to managing your financial health, that you should have learned in school
Strategies to save money, eliminate debt, and "mind your own business"
Crafting your own path towards early retirement & financial freedom
Renting vs buying a home- What makes the most sense for you?
The basics of investing in the stock market (as a beginner)

Course content

1 section • 13 lectures • 1h 53m total length

What Is Personal Finance?5:28
Define personal finance as managing your money—savings, investing, debt, budgeting, and retirement planning—tailored to your income, age, and risk tolerance. Understand why financial literacy matters for lasting wealth.
Tracking Your Financial Health - Assets & Liabilities9:36
Differentiate assets from liabilities, invest in productive assets such as cash savings, stocks, real estate, and cryptocurrencies, and track monthly net worth to grow wealth.
Why Income Reigns Supreme - Income & Expenses11:54
Explore how income versus expenses drives cash flow and savings rate, and build wealth by developing multiple income sources: employment, business, rental, dividends, and investments toward retirement.
Managing Personal Debt Levels - Types of Debt & It's Crippling forces9:23
Explore the differences between good and bad debt, including credit card, mortgage, and personal loans, and learn how interest, principal, and amortization shape cash flow and wealth.
Understand Credit - Credit Cards & Credit Scores9:40
Compare debit and credit cards, explore how credit limits and utilization affect your score, and learn practical steps to improve credit health using rewards and responsible payments.
Budgeting - Is It Necessary?7:07
Adopt a flexible budgeting approach using the 50/30/20 rule: 50% fixed, 30% variable, and 20%+ to saving and investing. Increase income and control expenses to boost savings amid inflation.
Lifestyle Inflation3:07
Manage lifestyle inflation by keeping expenses aligned with income growth to avoid the paycheck-to-paycheck cycle. Shift focus to building assets that generate cash flow to fund luxuries through delayed gratification.
Minding Your "Business"5:58
Mind your own business to increase income through multiple sources like real estate and side hustles, while using tax deductions from business income.
Introduction To Investing15:09
Explore the basics of stock market investing, including shares, dividends, and price appreciation, and compare growth stocks, dividend stocks, and etfs for building a personal portfolio.
How Inflation Impacts Your Finances6:58
Understand how inflation reduces purchasing power and raises living costs, and how boosting income with higher skills or side hustle and investing in assets like real estate can outpace inflation.
Rules For Retirement - F.I.R.E & the 4% Rule8:13
Explore retirement planning through pensions, asset-based income, and the 4% withdrawal rule, showing how dividends, real estate, and growth investments can build a sustainable asset column.
Housing Basics - Owning vs Renting19:05
Compare owning and renting from a financial perspective, showing how ownership builds equity through mortgage paydown and appreciation, while renting offers flexibility and lower upfront costs.
Relevant Resources1:39
Access a curated spreadsheet of personal finance resources—books, stock brokerages, and money resources—with a downloadable pdf you can access in the course, and check your credit score.

Requirements

You don't need any prior knowledge on personal finance to take this course
You will learn everything you need to know to start off on the right foot

Description

Over the past 4 years, I’ve been able to quit my soul-crushing job working for the Government of Canada, exponentially grow my net worth, and acquire over $3M worth of real estate. (It still blows my mind reading that to myself)

I mention this because none of it would ever have been possible if I didn’t first learn the basics of personal finance, business, and investing.

You seem, most people follow a very traditional financial path. Go to school, get a job, climb the corporate ladder, and hopefully be able to retire by 65…

In fact, that’s exactly the path I was on before taking massive action towards steering my life in a different direction to live life on my own terms and work for myself.

If you’re reading this, I’m guessing you’re also putting into question the traditional financial narrative that most people blindly fall into. And don’t get me wrong, there’s nothing wrong with working a job if you’re passionate about what you do.

But if you aspire to achieve any form of financial abundance, spend more time with your kids, travel more, or whatever else you may be seeking out, then there’s no getting around mastering your personal finances.

Considering the importance personal finance plays in our day-to-day lives, it’s crazy to me that we don’t spend more time learning the basics of the topic in school, or even in university for that matter…

That’s where this course comes into play, helping you get your personal finances on the right foot towards success. And that’s just it, personal finance is personal to you and you only. That’s why learning the necessary concepts and then reflecting on your own situation is the best course of action.

So, let me ask you a couple of questions... Do you know anything about your financial health? Your savings rate? Your credit score? Your trajectory towards retirement? If the answer is yes, then this course probably isn’t for you. Seriously, I don’t want you to waste your money on information you already know.

This course is aimed at individuals who are new to personal finance, investing, and strategies for managing their money. I’ve made the course as easy to consume and accessible as possible, so you don’t need to worry about being confused or overwhelmed.

I hope this course can be one of your first steps towards a more abundant future.

I’ll see you inside!

-Griffin

Who this course is for:

Individuals looking to take control of their financial circumstances & outcomes
Individuals who are new to personal finance & investing