What you'll learn

Learn the power of compounding interest
How to balance paying off debt, saving for emergencies and investing
How to invest money in tax efficient ways
How and when to do a backdoor Roth conversion
Health spending and savings accounts
Educational accounts and how they can impact financial aid
Dedicated support from the course instructors. Questions answered within 24 hours

Course content

4 sections • 11 lectures • 1h 13m total length

Compound Interest and the Rule of 725:22
In this first class we will talk about the best time to start investing and the power of compound interest. You will learn the Rule of 72 and will be able to estimate how long it will take for investments to double. Take the quiz at the end to see how much you can earn by investing just $1,000.
Rule of 72
The games our brains play and retirement savings7:14
In this class we will discuss how our brains are trying to trick us and will look at 2 examples that will help embrace the power of compound interest. You will also look at the history of booms and busts and will learn from the first mistake of Warren Buffett.
When it can be too early to start investing7:32
In this class we will talk about overall financial priorities and the importance of paying off high interest debt before "going big" in investing. We will also see why you need the emergency fund and how much you should plan to set aside for emergencies.
How to balance paying off debt, saving for emergencies and starting investing3:43
In this class you will learn the 4 questions that you'll need to ask if you are still hesitating about starting investing. We will also talk how not to leave "free money" on the table.

Retirement benefits today5:41
In this class we will look at the evolution of retirement benefits and will make sense of the acronyms - DB, 401K, IRA, Roth. You will learn how the senator from Delaware invented one of the greatest ways to save for retirement.
401K, IRA and Roth IRA6:40
In this class, we will compare and contract the three most common types of retirement accounts. You will learn what to pay attention to when deciding which one is the right account for you.
Backdoor Roth conversion7:02
High earners - do not miss this powerful tip to boost your tax advantaged retirement savings.
Choose the right retirement accounts

Health Spending and Saving accounts8:20
In this class, we will talk about tax advantaged health care accounts. You will learn which of them are "use it or lose it" and which of them can be used to save and invest.
FSAs or HSAs
Triple plus tax advantages of Health Savings Accounts5:53
In this class you will learn about the unique advantages of Health Savings Accounts. You will learn why and how to use HSA as a long-term savings vehicle.

Requirements

An open mind and curiosity

Description

Many people spend a lot of time picking stocks and completely overlook which accounts they can use for these investments. Choosing the right type of account can have the major impact on how much you can ultimately save in the long term.

This course will help you recognize the traps that your brain can lead you into and will equip you with practical knowledge about saving for retirement, health and education in a tax-efficient way.

Who this course is for:

Young professionals interested in building financial freedom
Parents who want to give their kids the chance to get the best education possible
Anyone interested in building wealth and becoming a smarter investor

What you'll learn

Explore related topics

Course content

Introduction and the power of Compound Interest4 lectures • 24min

Save and Invest in the tax advantaged way: Retirement accounts3 lectures • 19min

Pay and save for health care expenses in a tax advantaged way2 lectures • 14min

Educational accounts2 lectures • 16min

Requirements

Description

Who this course is for: