Personal Finance Fundamentals: Awareness for long term goals
What you'll learn
- Understanding the recession signs and staying prepared without getting too stressed.
- Understanding basics to protect yourself from scammers and misinformation being sold as financial advice.
- Knowing why ideas from US will not work in a developing country like India etc.
- Estimate the balance between loans, income, saving and investment based on 3-5 year horizon.
- Knowing when to rent over buying a house. Impact of home loan on career decisions. Not confusing rental income based on mortage funded loans.
- Knowing impact of education loan or student debt on long term personal finances.
- Understanding risk of investing without saving enough can lead to severe financial problems in future.
- Building a necessity based decision framework for personal finance
- Differentiate between the noise and information in financial advice and advertisements reaching them.
- A foundation to build concrete Plan A and Plan B for next five years without relying on any ponzy schemes.
- A solid decision framework to identify the need for an expert and reaching out to them after thorough research and specific questions.
- Awareness about daily expense manangement is enough.
- Curious to learn more about finance to protect needs of family
- Willing to take control of financial decisions and not fall for quick windfall scams
- No special understanding of financial instruments is needed.
- Not looking for quick get return schemes
The top Questions the course will answer
Are ESOPs the best way to get rich?
Who needs life insurance?
Why care about medical insurance?
How is inflation affecting my expenses?
What is the role of the economy and finance in daily life?
How are loans interrelated?
How do banks work as a business?
Who prints the currency notes?
How does the government get its income?
How to stay prepared for a recession?
How to spot a recession based on interest rates and inflation?
Are recessions and slowdowns that rare?
Check out the course preview for more!
As a student, a framework to understand the financial factor that will allow shaping your career.
As an early-stage professional, a sound argument is to start building moats to increase the risk-taking capacity to pursue dreams.
As a sole breadwinner, a set of tools one could use to amplify their capacity without burning out.
For all, personal finance is a duty, not a choice.
Ability to ask relevant questions based on your current responsibilities at your stage of life.
What doesn't the course offer?
The course does not promote any specific investment advice or product promotion.
The course does not recommend any foolproof solution to any personal finance-related problem.
The course does not provide any stock or trading-related advice.
The course does not include general rules or hacks considering the global reach.
Personal finance manages income, investment, insurance, and loans while battling inflations and recessions! But rarely can a person's finance strategy in the U.S. be applied elsewhere. For example, the Financial Independence Retire Early (F.I.R.E.) concept seems nice on Instagram and TikTok reels but rarely translates over 30 years.
Economy and finance are often discussed in the news but rarely from the perspective of an individual's student debt, home mortgage, or stock portfolio. Converting all the marketing words to knowledge is frustrating, leading to short-term decision-making.
Personal finance is about knowledge of diverse instruments like gold, cryptocurrencies, and real estate, and fundamentals like inflation, debt, and banking.
The course creates awareness about the bigger picture of the finance ecosystem. The massive diversity in regulations across countries and the financial goals of individuals makes it impossible to come up with one solution that will work for all. Hence, understanding the basics will provide a solid personal finance decision-making framework for the rest of your life.
The course uses real-life financial decisions based on my experiences from three recessions across two countries (U.S. and India).
Course Updates Log
08/2022: Total course revamps with high-resolution content and additional downloadable resources.
05/2022: Audio quality fixes.
03/2022: Subtitle fixes.
Who this course is for:
- People from third world or developing countries planning to build a stable future and retirement corpus.
- Graduates or professionals trying to figure out ESOP or employee stock options
- Students looking forward to complete degree and start earning or planning to get higher education
- Early stage professionals understanding investments and taxes
- People planning to start family or get married in near future
- People planning to buy a car, home or take an expensive vacation
- Anyone interested in fundamental entities involved that affect personal finance
Subodh is a programmer with an MS in Electrical Engineering and 17+ years of experience in the software industry. Subodh has held roles of principal engineer across multiple organizations, building products that serve billions.
Subodh has been designing and implementing software solutions for Digital Cinema Distribution, Distributed Systems, Embedded Systems, Map Making, Insurance, Email Servers, and Data acquisition systems for a problem in the Astrophysics domain (master's thesis) since 2005.
Subodh finds peace in exploring the connection between the "How" and "Why" of any technical problem. Over the years, he has realized that research is a lifestyle and engineering is an attitude.
Helping people build burnout-free careers in the software industry. The primary uncertainties happen to be the following three questions.
WHY are you pursuing your current profession?
How long do you WANT to pursue the current profession/job?
How long do you HAVE to pursue the current profession/job?
The intent of all courses will be practical implementation and a long-term career perspective.