Create a kickass financial independence spreadsheet

Calculate when you can become financially independent with a real-life actuary!
Rating: 3.8 out of 5 (56 ratings)
1,638 students
Create a kickass financial independence spreadsheet
Rating: 3.8 out of 5 (56 ratings)
1,637 students
Create a flexible tool to explore when you can become financially independent
Model your own unique personal circumstances without limitations
Have an ongoing tool that you can update in the future
Develop a greater understanding of your future finances

Requirements

  • This course is designed to be suitable for anyone!
  • You just need to come with a willingness to learn and try it yourself
Description

A beginners course to discover when you can become financially independent!


+++ NEW MATERIAL ADDED - I've added student assignments to the end of each section to help you summarize the previous material. +++


What will I learn?

  • We will create a custom spreadsheet to model your different accounts and future spending strategies to find out when you can become financially independent. The final spreadsheet will be provided.

Who is this course for?

  • Everyone!

  • But you will find this particularly useful if your circumstances are unusual or complex. If you do not plan to have a clean working/retirement transition then this is for you!

  • It will help you model multiple sources of income (such as rental income), model a partner or spouse with different retirement plans or model future one-off spending commitments like college costs

  • If you’re an independent thinker and like a lot of control as to how you model your finances then this is for you!

What do you need to know?

  • This is suitable for everyone and I show you how to do it all.

  • The course will walk you through creating the spreadsheet but the spreadsheet will get provided to you so the lessons will help you understand how it all fits together.

What we’re not going to cover

  • Treatment of taxation. All values that we calculate will be before tax. This means that if you have a strategy that is highly dependent on Roth and non-Roth savings then you may need to adjust the output.

How is this course different?

  • The key issue I found with online financial independence tools is that they are either not flexible enough, too simple or too complex, or just not transparent

  • So I have balanced the three elements of FLEXIBLE, SOPHISTICATED and TRANSPARENT to provide you with a kickass tool!

Who this course is for:
  • Personal finance enthusiasts
  • Followers of the financial independence movement
  • Anyone who wants flexibility, transparency and sophistication
Course content
7 sections • 25 lectures • 1h 23m total length
  • Introduction
    02:06
  • An overview of the whole spreadsheet - download spreadsheet here!
    06:04
  • Cashflow Modeling
    01:45
  • Your Assignment To Summarize the Section
    00:17
  • The Timeline
    03:58
  • Life Expectancy
    05:16
  • Your Assignment To Summarize the Section
    00:42
  • Income items
    06:15
  • Income part 2
    06:05
  • Your Assignment To Summarize the Section
    00:35
  • Expenses
    02:20
  • Inflation
    01:54
  • One-off income and expenses
    04:51
  • Your Assignment To Summarize the Section
    00:27
  • Introduction to the accounts
    01:52
  • Account projections
    05:54
  • Account projections and investment returns
    03:43
  • Your Assignment To Summarize the Section
    00:21
  • One minute summary
    01:10
  • Permissible values
    03:55
  • Testing permissible values part 2
    03:05
  • Case study 1
    05:21
  • Case study 2
    13:37
  • Your Assignment To Summarize the Section
    00:55
  • Bonus
    01:17

Instructor
Actuary your way to financial independence
Actuary On FIRE
  • 3.8 Instructor Rating
  • 56 Reviews
  • 1,637 Students
  • 1 Course

Welcome – thanks for visiting my Udemy site!

I'm not actually on fire but I'm an actuary on FIRE living with a family and working in pension and investment advisory. I consult with companies on their pension plans and investment strategies and advise some of the largest institutional investors in the world.

I have blogged about financial independence issues for the last few years and felt that an online course would be the best way to get my ideas out there and really help others on their financial independence journey.

Let me know how you get on and thanks for stopping by!