Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Subscribe
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
Personal Finance for Beginners w Professor Senko: Course 1
Rating: 4.8 out of 5(1,053 ratings)
5,009 students

Personal Finance for Beginners w Professor Senko: Course 1

Course 1: Where to start. Learn to understand and calculate YOUR NET WORTH
Created byErik Senko
Last updated 1/2023
English

What you'll learn

  • Understand the basics of your personal finances
  • Understand what "Net Worth" means
  • Be able to calculate your own Net Worth
  • Understand why Net Worth is the foundation of your personal finances

Course content

1 section • 6 lectures • 31m total length

  • Introduction4:22

    "Do you know your Net Worth?" 


    I have taught Personal Finance to thousands of students.  And I have done 1 on 1 volunteer financial counseling for 100+ people over a decade.  This is always the first question I ask people when I sit down with them.


    If you cannot answer this question..or if you don't know what it means...then THIS is the course for you.

  • Collect your latest statements: Bank, Brokerage, Credit Cards, Mortgage etc
  • Definition of Terms3:52

    To understand our finances we need to know a few terms.  Here I go over the 3 basic concepts: Assets, Liabilities and Net Worth.  These are the building blocks of Personal Finance.

  • Download the YOUR NET WORTH google doc
  • Liquid Assets5:40

    Liquid Assets are assets that are cash...or very similar to cash.  Let's go over these and see where they fit into your Net Worth calculation.

  • Household Assets4:01

    For most Americans, their primary asset is the home they live in.  Let's discuss where that fits into your Net Worth calculation.

  • America's worth outside of their home
  • Investment Assets4:23

    Sadly, the vast majority of Americans have very few investment assets.  Once you understand how this all fits together we can work on improving your situation and helping you prepare yourself for your financial future.

  • Liabilities & Summary8:00

    Liabilities are where most Americans fall behind in terms of their Net Worth.  Let's understand what Liabilities are...and why we need to manage them properly.

  • Quiz: Net Worth of the Bottom 50% ?

Requirements

  • No experience required. This course is for complete beginners who don't know where to start

Description

Do you know your Net Worth?  Most people don't.  Nor do they even know what it means.


I have done in-depth 1 on 1 volunteer financial counseling for over 100 people, and nearly all of them did not know their Net Worth.  Yet, in order to properly manage your personal finances, you must know and understand your Net Worth. 


In this short, simple course I will walk you through everything you need to know to understand and calculate your own net worth.  The course consists of the following:

- A spreadsheet template, which I will show you how to open and use

- Definitions of the important terms

- Step by step instructions on how to use the spreadsheet to calculate your own net worth (I even show you my own personal documents, so you can use those as an example for inputting your own data)

- A summary of what the end result means...and how to use this info going forward


The course is comprised of 6 short videos, each approximately 5 minutes long.  The videos are designed to be easily digestible and entertaining, so they do not require a huge commitment of time or money.


Can you devote 5 minutes a day...for 1 week...to start getting a handle on your finances?  If so, you are in the right place!

Who this course is for:

  • Adults who want to improve their financial situation
  • Adults and young adults with no exposure to personal finances
  • Adults who feel they have no control over their finances
  • Adults who feel overwhelmed by their finances
  • Adults who don't know where to start in terms of finances

Report abuse