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Level 1 - Step Up to Financial Freedom
Rating: 4.6 out of 5(232 ratings)
4,874 students

Level 1 - Step Up to Financial Freedom

Good Financial Vocabulary leads to Good Financial Education.
Created byRohit Musale, CFA, Rashmi Musale
Last updated 3/2021
English

What you'll learn

  • The Following Concepts are Discussed in this Course
  • Your Financial Statement
  • Assets
  • Liabilities
  • Earned Income
  • Passive Income
  • Portfolio Income
  • Expenses
  • Doodads
  • Cashflow
  • Capital Gains
  • Financial Freedom
  • Rat Race
  • Fast Track
  • Investments
  • Return on Investments
  • Yield
  • Cash on Cash Return
  • Paper Assets
  • Stocks
  • Bonds
  • Equity
  • Debt
  • Cash
  • Money
  • Currency
  • Franchise Business
  • Network Business
  • Big Business
  • Rich
  • Wealthy

Course content

1 section • 31 lectures • 36m total length

  • Your Financial Statement0:54
  • Assets0:56
  • Liabilities0:54
  • Earned Income1:26
  • Passive Income1:20
  • Portfolio Income1:09
  • Expenses1:03

    Identify three expense types: one-time, regular monthly, and expenses that seem one-time but are actually regular, illustrated by tire replacements spread over 36 months.

  • Doodads0:55
  • Cashflow1:01

    Define cash flow as total monthly income minus total monthly expenses, yielding net monthly cash flow. Highlight earned, passive, and portfolio income forming total income, and cash flow from assets.

  • Capital Gains1:03
  • Financial Freedom0:59
  • Rat Race1:02
  • Fast Track1:02

    Fast track means leaving the rat race when passive income equals or exceeds expenses. You become the lead person who can build assets with your time, without a salary.

  • Investment1:09

    Investments create assets that generate cash flow and passive income, using either time or money as currency. These assets aim to exceed monthly expenses and lead to financial freedom.

  • Return on Investment1:13
  • Yield1:14
  • Cash on Cash Return1:20
  • Paper Assets1:07
  • Stocks1:14
  • Bonds1:12
  • Equity1:06
  • Debt1:01

    Compare equity funding and debt funding using a real estate example: 10k from you, 90k from the bank as debt, while shareholders receive shares in equity.

  • Cash1:07
  • Money1:14

    Explore what money is: a store of value and a medium of exchange, how cash loses value over time, and why gold and silver remain real money across 4000 years.

  • Currency1:08

    Differentiate money from currency and learn how central-bank currencies lose value as more are printed; gold and silver remain stores of value while currency serves as a medium of exchange.

  • Franchise1:06
  • Network Business1:06
  • Big Business1:17
  • Rich1:23
  • Wealthy1:49
  • The Next Steps2:03

Requirements

  • Must have an open mind
  • Must be keen on learning real financial education

Description

Would you agree that for us to achieve financial freedom, we need a good financial education.

And to have good financial education, we need to have a good financial vocabulary.

The purpose of this course is to do exactly that.

To improve your financial vocabulary.

This is a Level 1 Course.

Level 2 is also in the Pipeline.

In this course I start with the very basics.

When we get our basics right, rest all follows well.

Take the time to study these concepts.

This course has 30 videos, each covering a separate concept.

When all concepts are put together, you will come out on the other side, with an exceptional understanding to concepts related to financial freedom.

There is a need for financial education in our society.

Financial literacy is the need of the hour.

It all starts with understanding the language of business and money.

This course will help you especially if you are beginner.

Even if you come from a finance background, this will be a nice teaser for you.

After doing this course, you will have a pretty good understanding of what is good financial advice and bad financial advice.

You will also be able to distinguish between a good deal and a bad deal.

Standard Disclaimer: I am a SEBI-Registered Research Analyst (Registration No. INH000022279) under the SEBI (Research Analysts) Regulations, 2014. All content shared by me is strictly for educational purposes only and should not be considered as investment advice, buy/sell recommendations, or trading tips. I do not provide personalized investment advisory services, I do not write research reports, and I do not operate any chat groups on platforms such as Telegram, WhatsApp, or any other similar services. I do have a presence on YouTube, but apart from that I do not have any social media accounts. Any securities or instruments discussed are purely for analysis and illustration and should not be construed as solicitation or advice. Investing and trading involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified advisor before making any financial decisions. I may or may not hold positions in the securities discussed at the time of creating the content, and such positions are subject to change without notice. I do not receive any compensation from third parties, including MarketSmith or Steve Nison. I have completed the basic and advanced candlestick modules on Steve Nison’s platform purely as a student, and I am not affiliated with him or his website in any way.

Who this course is for:

  • Entrepreneurs
  • Salaried Professionals
  • Students
  • Doctors
  • Lawyers
  • Homemakers
  • Teachers
  • Anyone interested in Real Financial Education

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