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Personal Finance 101: Fundamentals of Managing Your Money
Rating: 4.4 out of 5(41 ratings)
1,069 students

Personal Finance 101: Fundamentals of Managing Your Money

The beginner's guide to personal finance. Learn about compound interest, risk, stocks, bonds, index funds & mutual funds
Created byAnish Godha
Last updated 12/2021
English

What you'll learn

  • Learn how to EARN compound interest instead of PAYING it
  • Learn HOW you can afford something
  • Intuitively grasp the concept of RISK vs RETURN
  • Understand the difference between a stock, bond, index fund, and mutual fund
  • Explore the various popular portfolio investment philosophies
  • Have a better understanding of the risk in your portfolio
  • Make better decisions to grow your wealth
  • Learn the steps for total financial freedom

Course content

6 sections • 12 lectures • 1h 1m total length

  • Understanding Compound Interest3:14

    Learn what is compound interest and how it works

  • $1M Habits3:23

    See how a daily $3 coffee or a daily $10 pack of cigarettes works in terms of compounding for your personal finances

Requirements

  • No prior financial background necessary. Course is taught assuming you are starting from scratch, using as little financial jargon as possible.
  • Some of the interactive worksheets will require you to have Excel installed. No prior Excel experience necessary

Description

I had wished for a course like this when I had graduated college. I ended up making a lot of rookie mistakes that really could have been avoided. Now looking back, it seems so obvious.

If you google important questions like “what is a stock” or “what is a bond”, often what comes up are articles that are written in financial language for people already in the financial industry. I found simple explanations on how money worked, how to think about finances, how to think about assets or liabilities and how to invest to be so much harder to find than necessary.

We'll discuss some very important personal finance topics such as compound interest, the risk return tradeoff, what is a stock, bond, or fund, and go over some popular investment philosophies. By the end of the course, these concepts should be intuitively familiar to you. You will additionally be able to identify risks and previously unforeseen issues in investment opportunities that are presented to you.

Come join me on this course and get a jump start on your personal finance journey!


Legal Disclaimer: Performance, calculations, tax, and returns shown in the course are for representation & educational purposes only. The numbers are based on approximate historical data and may fluctuate unexpectedly in the future. All investments are subject to market risks where substantial or total loss of capital is possible. While this course is meant to be educational, I am not a financial advisor and this is not meant to be financial advice, nor is it meant to be solely relied upon to make investments. 


References & Additional Resources:

"Rich Dad, Poor Dad" - Robert Kiyosaki

"The Intelligent Investor" - Benjamin Graham

"The Millionaire Next Door" - Thomas Stanley

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Who this course is for:

  • Anyone beginning their journey into personal finance or is interested in learning about managing their money better

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