Money Management 101-Personal Finance Skills for Millennials

Name: Money Management 101-Personal Finance Skills for Millennials
Rating: 4.4 (48 reviews)

Learn the Skill of Managing Your Personal Finance and achieve your long-and-short-term financial goals.

Created byeGukulhub Learning

Last updated 2/2022

English

English [Auto],

What you'll learn

12 Golden Rules for Financial Stability
How the Advertisements Influence our Spending
Understand Some Basic Investment Tools.
How to Set Clear and Achievable Financial Goals and Achieve Them.
Understand the SMART Investment Strategy.
How To Avoid Deadly Financial Mistakes
How to Take Control of Your Finances and Achieve Financial Stability

Course content

1 section • 13 lectures • 1h 36m total length

Introduction4:02
Explore how advertising shapes spending and learn to distinguish needs from wants. Build a foundation in personal finance with strategies for saving, investing, emergencies, retirement, and avoiding costly mistakes.
Rule 1 Stay Away from Advertisement Influence.5:52
Discover how advertising creates needs and influences spending, and learn to resist impulse buys by budgeting, shopping with a list, and evaluating cost and value.
Rule 2 Enjoy Spending8:11
This lecture teaches you to enjoy spending while living within your means, save for the future, and spend intentionally by distinguishing needs from wants, tracking spending, and practicing delayed gratification.
Rule 3 Dont Be Penny Wise Pound Foolish7:43
avoid pennywise, pound foolish habits by balancing small savings with smart investments, verify offers for authenticity and avoid scams, and invest for returns to beat inflation.
Rule 4 First Save Then Spend4:59
Prioritize saving before spending with automatic transfers and a 10–20% savings goal, then spend from the remainder using an 80:20 budget while tracking expenses.
Rule 5 Money is Money6:00
Explore how money and emotions like happiness, fear, and guilt influence spending, and adopt awareness-driven strategies to manage feelings and align finances with future goals.
Rule 6 Have Clear Financial Goals7:00
Set clear financial goals with specific amounts and deadlines, track progress, and celebrate milestones to stay disciplined yet flexible on the path to financial security.
Rule 7 Plan Your Emergencies6:58
Plan and fund emergencies for millennials with an emergency fund, insurance coverage, and wise credit use to weather job losses and other unexpected life events.
Rule 8 Plan Your Retirement5:56
Plan retirement early by budgeting, accounting for inflation and future value, leveraging compounding, building a diversified portfolio with asset allocation, and avoiding provident fund withdrawals to protect your retirement corpus.
Rule 9 Understand the Various Investment Tools12:19
Learn criteria for evaluating investment instruments and how risk levels affect returns. Explore tools like real estate, equities, debt instruments, mutual funds, IPOs, and the power of diversification.
Rule 10 Adopt a SMART Investment Strategy12:29
Adopt a smart investment strategy by understanding return on investment, harnessing compound interest, and building a diversified portfolio while managing risk and consulting a financial planner.
Rule 11 Avoid the Deadly Sins of Personal Finance7:41
Learn to avoid deadly personal finance mistakes through proper planning, debt prioritization, investing only what you understand, and keeping financial literacy to build a resilient, long-term portfolio.
Rule 12 Invest In Yourself First7:30
Invest in yourself first to build health and happiness through diet, exercise, sleep, meditation, and gratitude, while upskilling financially with courses, reading, and finance discussions.

Requirements

An Open Mind and Zeal to Learn
An Eagerness to Understand How to Manage Your Money

Description

It is a natural human tendency to spend in order to fulfill the cravings regardless of whether they can be justifiably included in a budget. The idea of Finance and Budgeting techniques was developed to reduce the amount that individuals, firms, and institutions spend on items that do not add any significant value to their standard of living, long-term portfolios, and assets. The Rules are universal and apply to every Individual irrespective of qualification, geography, and type of Industry.

You don’t need a higher-paying job or a windfall from a relative to improve your personal finances. To Be Financially Successful, People need to learn the Art of Budgeting and Personal Finance Management.

Personal Finance management skills are all it takes to reduce their spending, improve their ability to invest and save, and achieve financial goals that once seemed impossible.

This Fast-Paced Course is targeted at the Rising Generation of Today, to teach them the Basic of How Finance Works and the skills and knowledge most needed to Set SMART Financial Goals, Planning the Pathway to Achieve them, and Lead a Successful and Fulfilling Financial Life.

This online personal finance course covers all of the following topics:

12 Golden Rules for Financial Stability
How the Advertisements Influence our Spending.
How to Keep Track of Your Spend by Understanding Needs and Wants.
Why Spending should be an Enjoyable Process.
Why Savings are Important.
How to Set Clear and Achievable Financial Goals.
How to Plan for Emergencies.
Difference between Investment and Security.
Understand Some Basic Investment Tools.
How to Plan for Your Retirement.
Understand the SMART Investment Strategy.
Avoid the Deadly Financial Mistakes.
Why it is Important to Invest in Yourself First.

Regardless of what your financial expertise is or how much Saving you have in your bank account, this in-depth course is designed to provide you with everything you need to Manage Your Personal Finance Better.

Who this course is for:

Anyone and Everyone who wants to Take Control of their Personal Finances
Anyone who wishes to Set Clear Financial Goals and Achieve them.