Build yourself a financially formidable defense system
4.0 (2 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
10 students enrolled

Build yourself a financially formidable defense system

Learn critical financial life-skills to accumulate sufficient wealth that set you to reach your financial goals early.
4.0 (2 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
10 students enrolled
Created by Brennen Pak
Last updated 10/2018
English
English
Current price: $27.99 Original price: $39.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 3.5 hours on-demand video
  • 2 articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Better manage and control their money to achieve surpluses. This is the foundation stone to develop and grow one's wealth.
Requirements
  • No finance knowledge is required.
Description

In this course you shall learn the protection strategies of personal finance. This course teaches you how to continually on top of your personal finances. The course starts with some understanding of some simple but essential aspects of accounting. As numbers do not lie, the mathematics help students better understand, manage and control their finances. Students would then be given exercises to know their current financial position as well as to know how far they would have been from the ability to retire. Simply put, it is only that we know where we are (financially) before we know where we want to be financially. Special focus have been made on the expenditures, such as the use of credit cards and the clearing of debts as these are often the main causes of our financial disaster.

The course also covered at length on insurances as these instruments form an integral part of the wealth protection.  Insurances are long-term commitments, but they provide us a peace of mind against uncertainties. Hence they should be appropriately used so that we can focus our attention other important aspects of life such as bringing up our families, doing things that make ourselves and the people around us happy and healthy as well as growing our active and passive incomes.

Wealth protection is not limited to protecting ourselves when we are sane and healthy. We need wealth protection throughout our life-time and even beyond. In fact, it is the life-stage that we no longer sane and healthy that often drains heavily on our wealth. We can be building a lot of wealth when we are active, but only be drained substantially even to the state of bankruptcy when we become weak and feeble. This course brings out some protection instruments that can come in handy during those times when are no longer sane and healthy. However, such decisions have to be made and should be made during the time when we are totally same and healthy.       

     

Who this course is for:
  • People who want to better manage and control their personal finance.
Course content
Expand all 27 lectures 03:24:26
+ Introduction
4 lectures 30:31

The introduction provides students an idea there are two parts in building our wealth. As in the war maxim, we need too know ourselves, ie. our character as well as knowing the business environment, only then we will have a chance to do well in our buidling a good defense system.

Preview 05:17

This lecture explains what are income and expenditure. The income and expenditure table is a record of all the transactions that we make, with the time-frame of usually a year. The income and expenditures can also be recorded in terms of weeks and months, depending on our convenience, generally based the time-frame of getting our incomes. Commonly, income and expenditure would be transformed to a yearly income and expenditure table in order to capture all the transactions within the year.  Given that income and expenditure table tracks all the transaction, it is like a video taking of all the transactions in the year. 

Know yourself, know your clients - Income and expenditure
09:11

This chapter enables us to reconcile between income and expenditures and assets and liabilities. It is only when we know how to reconcile between the two tables that we have a good grasp of the personal finance concepts of assets & liabilities as well as income & expenditures

Reconciliation between assets & liabilities and incomes & expenditures
06:56
+ Powerful financial knowledge that you should know
5 lectures 01:04:10

Generally, how much insurance one needs is dependent of his/her income. However, if you are a financial planner promoting products to your clients, you may not have any idea of the customer's income. This lecture is particularly useful for financial planners who do not have the luxury of knowing his clients's income. Otherwise, it would be relatively easy to know how much insurance that one needs based on his/her income.

Assessing your clients's affordability
11:42

This is quantitative lecture to illustrate to students the usefulness of dollar cost averaging. Students are also able to pick up some salient characteristics of Dollar Cost Averaging (DCA). Once the concept is well-understood, students are go ahead to practice and apply the concept to his/her advantage to bring down his unit cost as much as possible.

Dollar cost averaging (DCA)
16:50

Compounding is another very powerful concept to roll up returns by summing and compounding all the previous returns. The concept is so powerful that Albert Einstein, the great scientist, in the 20th century called it the eighth wonder of the world. Students should learn this concept at finger-tips to benefit from it fully.     

The power of compounding
18:14

This lecture provides student an idea where they stand financially. Occasionally, it is important for us to know where we stand financially. This would serve as the starting point to know where, how and how far to go before we reach our financial destination.

Knowing where you are financially
09:03

Once we have established where we stand financially, we are then able to know far (or how near) are we from being financially free. The concept of financial freedom, marks the point in life that we need not able to work for money. If we really want to wok, then we are working for the joy of it.

Can you retire today
08:21
+ About insurance
8 lectures 49:52

This is the introduction of insurance, which serves as good protection tools as we move in our financial journey. Students shall learn about how insurances operate and how insurance companies make money. By understanding all these mechanism can students plane the type of insurance suitable for them to maximize the protection at the least possible cost.

The purpose of insurance
05:17

This lecture discusses ironies and even controversies related to insurances.

The ironies related to insurance
03:57
Types of insurances
00:02
Term insurances
03:57

This video clip discusses all about whole life insurance plan.

Whole Life Policies
09:13

This video clip discusses all about the endowment plan.

The Endowment Policies
09:41

This video clip discusses all about the investment-linked plan.

Investment-linked plans
06:56

This video discusses how one should treat insurances

What you should do with regards to insurances
10:49
+ Mind your expenditures
3 lectures 23:43

This video discusses about the expenditures, and the importance taking control of our expenditures. This is to enable us to have a surplu to grow our wealth.

Mind your expenditure
08:09

This video presents what constitutes good debts and bad debts. The reason being that sometimes debts are unavoidable due to our limitation of funds and we may have to get into debts. Hence, it is important that we can identify the good debts and bad debts. The idea if to bring down the bad debts as much as possible. While it is still important to bring down the good debts, they tend to be less of a priority when we are carrying out our debts management exercise.

Good debt, bad debt
05:41
Which debt do you need to pay up first?
09:53
+ Going beyond insurance
5 lectures 28:11
Beyond Insurance - Introduction
05:00

This video discusses the importance and the requirements to make a will.

Beyond insurance - The Will
06:00

This video discusses the importance of Lasting Power of Attorney (LPA) and the requirements needed to make an LPA.

Beyond insurance - Lasting Power Of Attorney (LPA)
06:49

This video discusses the importance of Advanced Medical Directive (AMD) and the requirements needed to make an AMD.

Beyond Insurance - Advanced Medical Directive (AMD)
04:40

This video discusses about euthanasia, and in which countries are euthanasia lawful. However, the dividing line is sometimes quite blur, and even in countries where euthanasia is legal, the still still a need to satisfy a host of requirements 

Beyond Insurance - Euthanasia
05:42
+ The conclusion
2 lectures 07:58

This video provides a summary of the lectures we have done so far. These includes personal finance analyses, insurances, and managing expenditures. The course also covers some additional topics such as will writing, LPA, AMDs and even on euthanasia. All these are part of the protection tools to help the people around for making decisions that we may not want. It is important that we can take charge to make all these critical decisions while we are sane and healthy. Otherwise it will be a big strain for the people around us, both mentally and financially. 

The conclusion
07:23
Bonus lecture
00:35