Personal Finance 101 - Personal Finance for Regular People

Name: Personal Finance 101 - Personal Finance for Regular People
Rating: 4.6 (50 reviews)

This course is intended for anyone who is interested in learning and managing personal finances differently.

Created byErich Heneke

Last updated 6/2022

English

What you'll learn

The course is designed to teach students about a myriad of personal finance topics, starting with the most basic tenants of personal finance.
Within the course, students learn about their current spending, how to budget and tips/tricks to save money while still living.
Students will learn about debt reduction strategies and ways in which they can lessen the burden of debt and lack of emergency savings.
Students will learn about the importance of personal financial goal setting, how to create actionable goals and how to align future goals to current situations.

Course content

1 section • 20 lectures • 6h 32m total length

Module I - Personal Finance: Why & How - Introduction Lecture9:19
This course is designed to provide new insights into personal finance, including many basic personal finance principles, as well as ways in which these principles interweave into your own personal financial lives. Through a combination of course delivery, outside reading and specific, targeted course assignments, attendees utilize new learning in mapping their own financial plans.

Outline of major content/topic areas:
Personal Budgeting
Investing
Time Value of Money
Personal Finance Opportunity Costs
Goal Setting
Debt Instruments
Course Schedule:
The course is structured in 7 modules, which you may parallel to 7 weeks if it's easier for you. Participants will find a variety of articles and recorded lectures relevant to specific areas of personal finance. While participation in reading and listening to lectures is encouraged, it is also optional in nature.

Of greatest importance is your participation in the course activities as outlined in the course schedule below. These assignments are absolutely crucial to the course and your full participation is strongly encouraged.

Assignments Summary & Explanation
Learning Exercise #1
Learning Exercise #2
Learning Exercise #3
Learning Exercise #4

Learning Exercises #1-#4
In addition to learning new and old personal finance topics, the bread and butter of this course are the learning exercises. Rest assured that they will be insightful and some legwork (though mostly enjoyable – wink!) and will set you on a course to really discover yourself and what you do after leaving the course.

Student Responsibilities:
Everyone who participates in this course has paid their way in, so what you put in is what you’ll take out. I don’t enforce any rules as it relates to your responsibility – you reap what you sow – so come and go as you wish. I hope to see you around frequently and very active. I hope you’ll come along with me on the journey. I hope you’ll leave reminded of what’s important to you.

What You Can Expect From Me:
Your success is my most important objective. It’s my goal to provide you positive and constructive feedback designed to help you learn and improve. Reach out anytime with questions! I am always available to you!

Erich Heneke
+1 507-460-0337 (Voice/Text/WhatsApp)
Email: erich@hbcs.us
Module 1 - Where We're Going29:04
Erich describes the reason this course was developed and why he's passionate about the topic! He shares personal stories on how he struggled in the early days of his personal finance journey.
Module 1 - Hold on Tight!45:17
This lecture launches us into some of the introductory topics of personal finance beginning our journey!
Module 1 - Learning Assignment #13:58
Erich speaks in depth to the first learning assignment. This is the most intense assignment of the course, but will be very insightful!
Module 2 - Time Value of Money17:05
Erich discusses the concept of time value of money. This is a core finance principle that many overlook.
Module 2 - Compounding Interest13:40
One of the most powerful ways to build wealth over the long-term is understanding compounding interest. Erich explains it here!
Module 2 - Borrowing41:09
Borrowing is always a tricky topic related to personal finance and building your net worth. Erich walks the tightrope in explaining how borrowing works, how it can be useful and harmful, all at the same time.
Module 2 - Student Loans13:30
Erich discusses some of the basics related to student loans, including ways in which these loans can be managed.
Module 2 - Why We Care8:43
Erich discusses the reasons we care about this context to date, as well as gives some encouraging words on the first learning assignment.
Module 3 - Tips & Tricks #143:22
Erich discusses a myriad of tips and tricks related to personal finance.
Module 3 - Tips & Tricks #216:24
Erich continues with additional tips and tricks that you'll love!
Module 3 - Learning Assignment #1 Recap3:17
Erich gives some guidance and encouragement on the first learning assignment. Keep going!
Module 4 - ABC's of Credit32:26
The way you manage credit is crucial to both short and long-term financial health, as well as your mental health! Erich explains more.
Module 4 - Snowball fight!8:53
Erich describes to very interesting budgeting and debt reduction theories - envelope theory + snowball debt reduction strategy. You'll learn something new today!
Module 4 - Learning Assignment #12:36
Erich briefly discussed the conclusion of the first learning assignment. You made it!
Module 5 - Your Goals in View39:07
Erich discusses the crucial importance of goal setting. He steps through the aspects of SMART goals while giving examples throughout.
Module 5 - Learning Assignment #25:10
Erich dives into the learning assignment #2 with an explanation. Time to budget!
Module 6 - Now What?20:11
Erich begins to weave concepts together - where you are now, your budget, your goals and where we take it next. You will see how this ties together as you navigate the final two learning assignments.
Module 6 - Learning Assignment5:14
Erich discusses the third learning assignment, which opens your world up to all your personal financial goals and outcomes.
Module 7 - Final Thoughts & Wrap Up33:45
Erich steps through an article of 50 personal finance tips by highlighting and discussing several, as well as discuss the final learning assignment #4.

Requirements

This course is designed with no requirements or prerequisites, other than a strong desire to learn about yourself and new personal finance principles.
Students should be ready to challenge their norms, consider opportunity costs and trade-offs and prepare to move the needle on their personal finance journey.

Description

This course is designed to provide new insights into personal finance, including some of the basic personal finance principles, as well as ways in which these principles interweave into your own personal financial lives. Through a combination of course delivery, outside reading and specific, targeted course assignments, attendees utilize new learning in mapping their own financial plans.

Outline of major content/topic areas:

Personal Budgeting
Investing
Time Value of Money
Personal Finance Opportunity Costs
Goal Setting
Debt Instruments

Course Schedule:

The course is structured in weekly 7 modules, which may align to 7 weeks, if you so choose. Participants will find a variety of articles and recorded lectures relevant to specific areas of personal finance. While participation in reading and listening to lectures is encouraged, it is also optional in nature.

Of greatest importance is your participation in the course activities as outlined in the course schedule below. These assignments are absolutely crucial to the course and your full participation is required.

Assignments Summary & Explanation

Learning Exercise #1
Learning Exercise #2
Learning Exercise #3
Learning Exercise #4

Learning Exercises #1-#4

In addition to learning new and old personal finance topics, the bread and butter of this course are the learning exercises. Rest assured that they will be insightful and some legwork (though mostly enjoyable – wink!) and will set you on a course to really discover yourself and what you do after leaving the course.

Student Responsibilities:

Everyone who participates in this course has paid their way in, so what you put in is what you’ll take out. I don’t enforce any rules as it relates to your responsibility – you reap what you sow – so come and go as you wish. I hope to see you around frequently and very active. I hope you’ll come along with me on the journey. I hope you’ll leave reminded of what’s important to you.

What You Can Expect From Me:

Your success is my most important objective. It’s my goal to provide you positive and constructive feedback designed to help you learn and improve. Reach out anytime with questions!

Erich Heneke

+1 507-460-0337 (voice/text/WhatsApp)

Email: erich@hbcs.us

Who this course is for:

This course is designed for anyone, of any age, who wants to strengthen their personal financial situation. It is designed to think both short and long-term, therefore, age and maturity of personal finance is not of concern.
Those less knowledgeable to personal finance will take away a GREAT deal from this course.