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Keys to Become Financially Independent
Rating: 4.7 out of 5(9 ratings)
395 students

Keys to Become Financially Independent

Effective ways to debt management and road to financial independence
Created byNoemi Fabian
Last updated 4/2022
English

What you'll learn

  • Apply strategies to become debt free.
  • Understand alternate icome streams.
  • Create your investment plan.
  • Achieve financial independence.

Course content

2 sections16 lectures41m total length
  • Introduction1:06
  • Manage Debt2:11
  • Three Steps To Financial Security4:17

    Create an emergency fund of £1,000 to safeguard finances, then apply debt payoff methods—snowball, high-APR, or largest-to-smallest—and finally build a 3 to 6 months extended emergency fund.

  • How To Reduce Debt0:41
  • Top Five Income Streams3:53
  • User Testing Demo4:43
  • Overpaying Your Mortgage1:22
  • Conclusion1:40

Requirements

  • No previous financial knowledge or investment experience required.

Description

In the First Section you will learn strategies to Manage Your Debt.

Debt is so much part of our life it is literally embedded therefore it is difficult to imagine living without it.

The aim of this section is to empower and inspire you to get hold of your finances, take control over it and stay in control.

Throughout this course you will learn about proven ways of how to reduce debt. I will share with you my top 5 tips on how to increase your income and generate additional income streams which will ultimately contribute to a debt free life.


The Second Section will give you a roadmap to Financial Independence or Financial freedom. We are going to explore the difference between Financial Independence and Financial Independence Retire Early or FIRE.


I'll share 4 ways to invest on the Stock Market and you will learn about its pros and cons.


In Lecture 3 I will talk about the evergreen question weather You should pay off your mortgage or start investing?

The answer is always the same - it depends on your personality, circumstance and risk appetite. Life is not black and white and investment shouldn't be either. You can do both at the same time or you can decide to prioritize one over the other. Your ultimate goal should be to feel good about your financial decision.

I will demonstrate the power of compound interest and the impact on overpaying your mortgage.


By the end of the course you will have all the necessary tools to design your own financial freedom. Enjoy the journey.


Who this course is for:

  • Individuals seeking financial independence and debt free life.