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30-Day Money-Back Guarantee

This course includes:

  • 9 hours on-demand video
  • 1 article
  • 85 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
Finance & Accounting Finance Personal Finance

Personal Finance using Management Consulting Hacks

Practical guide how to spend less, earn more and be more productive
Rating: 4.5 out of 54.5 (34 ratings)
1,576 students
Created by Asen Gyczew
Last updated 11/2020
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • How to manage money efficiently
  • How to spend less and save more
  • How to be more productive
  • How to earn more and gain from your increase of productivity
  • You'll become the master of your own finances.
  • How to make better decisions when it comes to money
  • Calculate in Excel the impact of your decision on your life

Requirements

  • Basic or intermediate Excel

Description

Course summary


What is the aim of this course?

No matter how much you earn it’s not easy to build wealth. The money you earn somehow magically disappears although it seems to you that you have been quite frugal. On top of that, it’s difficult to make certain tradeoffs in life where you have to spend money: Should you cook on your own or buy prepared food? Is it better to rent apartment of buy your own? Should you go for MBA or not? We are not taught at school to make rational decisions and manage our money and wealth. Luckily, there are a lot of nice management consulting tools, techniques and frameworks that will help you spend less, be more efficient, earn money and generate additional income. You don’t have to go to top consulting firm to learn them. You can master them by taking my course.

This course will help you drastically improve your skills in managing money and making more rational choices using management consulting tools, techniques and frameworks. If you have a specific problem just let me know and I will give you tips on how to solve it using the tools presented in this course.

The course is designed for people who want to become more data driven and less emotional in the way they manage money and make decisions related to money. Thanks to the course you will be making better decisions and you will learn techniques that will help you faster build your wealth. In the course you will learn 6 main things:

  1. How to spend less money

  2. How to make sure that you spend money on the right things

  3. How to be more productive, work faster and more efficiently

  4. How to earn more money

  5. How to generate additional revenue streams

  6. How to invest wisely your money

The course is based on my 14 years of experience as a consultant in top consulting companies and as a Board Member responsible for strategy, performance improvement and turn-arounds in biggest companies from Retail, FMCG, SMG, B2B and services sector that I worked for. On the basis of what you will find in this course I have trained over 100 consultants, business analysts and managers who are now CEO, COO, Directors of Sales, Production, Investment Directors in PE funds, Directors in Consulting Companies, Board Members etc. Over 45 000 students have taken my courses on Udemy. My students apply those techniques not only in business but in their private life as well.

I teach through cases, so for every tool, technique and framework I provide an example, preferably in Excel, that shows you how to apply the knowledge in practice. To most of lectures you will find attached (in additional resources) Excel files shown in the lecture, so as a part of this course you will also get a library of ready-made analyses that can, with certain modification, be applied by you. No matter what you do this this course will give you an advantage over your colleagues and will help you make better choices in your life.


Why I decided to create this course?

Personal finance boils down to applying relatively simple rules in practice. Most courses make those rules look too complicated and don’t provide structured approach to wealth building and managing your money. This course will fill in this gap and will help you learn the things you need to know to manage well your money and time. On top of that, you will learn a lot of advanced management consulting techniques, tools, frameworks that will help you save money and time as well as earn more.

Management consulting techniques can help you immensely with the way you manage you money. By putting those tools and techniques in one course and explaining them using real life examples related to everyday life, I wanted to make this knowledge available to everybody that wants to make better decisions, especially when it comes to money.

Things you will find in this course will improve your awareness and skills in analyzing problems that you will be facing. You will learn how to spend less, earn more and how to invest your money and time wisely. I will also share with you a lot of productivity hacks that will help you be more efficient. You will learn how to make better choices when it comes to spending money, based on analysis in Excel.

To sum it up, I believe that if you want to make better decisions, manage your money efficiently and build your wealth faster, you should master techniques presented in this course. That is why, I highly recommend this course to all students that want to build their wealth faster.


In what way will you benefit from this course?

The course is a practical, step by step guide loaded with tones of hacks, hints and analyses that will significantly improve the quality of the decision you make related to money. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning along with analyses in Excel. Our intention is that thanks to the course you will learn:

  1. How to spend less money. You will learn the techniques as well as the tools that will help you analyze different situation in life when you have to decide whether to spend money on something or not.

  2. How to make sure that you spend money on the right things.

  3. How to be more productive, work faster and more efficiently. The key to generating more money is to be able to do more valuable work in the same time. I will show you the management consulting productivity hacks that will help you achieve that.

  4. How to earn more money. You have to have a structured approach to earning more from your work. I will show you some hacks that will help you constantly improve your salary.

  5. How to generate additional revenue streams. There are more and more opportunities to earn additional income on top of the income from work. I will show you what you can do in this area.

  6. How to invest wisely your money. Once you start saving money you can invest them in many different instruments. We will briefly discuss this to makes sure that you don’t lose the money you have earned.

  7. You can also ask me any question either through the discussion field or by messaging me directly in Udemy.


How the course is organized?

The course is divided currently in 4 sections and I will be adding new sections to address other important issues. Currently you will find the following sections:

  • Introduction. We begin with little intro into the course as well as some general information that will help you use the resources in the course.

  • Spend less. In the second section I will show you all the ways in which you can spend less money and save more. As always I will teach you how to analyze data on your own and make good, rational decisions. You will learn the techniques as well as the tools that will help you analyze different situation in life when you have to decide whether to spend money on something or not. We will discuss many techniques such as: reducing usage, eliminating some expenses, renegotiating others, total cost of ownership, the cost of bad health, value of time, happiness adjustment, reducing liabilities, repurposing assets and many more

  • Be more productive – How to do the right things. In order to build your wealth you have to be efficient. Therefore we will devote a lot of time to teaching you productivity hacks. In this section I will discuss hacks that you can use to select things you should do and to decide what things you will simply not do as they are not worth your time. You will learn techniques such as issue tree, 80/20 rule (Pareto principal), how to set priorities, benchmarks etc.

  • Be more productive – How to work faster. We continue with management consulting productivity hacks. Here we will talk about all the techniques and tools that will help you do you work faster.

  • Earn more. In this section I will discuss hacks you can use to earn more. You have to have a structured approach to earning more from your work. I will show you some hacks that will help you constantly improve your salary. We will discuss how to: deliver value, how to demonstrate value, how to ask for a raise, get more hours, when it makes sense to change your career path

  • Additional revenue streams. There are more and more opportunities to earn additional income on top of the income from work. In this section I will show you what you can do in this area. We will discuss: selling your services, building assets and tools, creating new revenues streams using the assets and tools you have build

  • How much money you need. In this short section I will show you how to calculate how much money you need to retire.

  • Invest wisely your money. In the last section we will discuss briefly what things you can invest in and how do they differ from each other

You will be able also to download many additional resources

  1. Excels with analyses shown in the course

  2. Presentation of slides show in the course

  3. Links to additional presentations and movies

  4. Links to books worth reading


At the end of my course, you will learn…

  • How to manage money efficiently

  • How to spend less and save more

  • How to be more productive

  • How to earn more and gain from your increase of productivity

  • You'll become the master of your own finances.

  • How to make better decisions when it comes to money

  • Calculate in Excel the impact of your decision on your life

Who should take this course? Who should not?

  • Everybody that wants to learn how to save money, reduce expenses

  • People interested in making better decisions based on data

  • Students that want to improve the way they manage their money

  • Management Consultants

  • Business Analysts

  • Startups founders

  • Managers



What will students need to know or do before starting this course?

Basic or intermediate Excel

Who this course is for:

  • Everybody that wants to learn how to save money, reduce expenses
  • Students interested in making better decisions based on data
  • Students that want to improve the way they manage their money
  • Management Consultants
  • Business Analysts

Course content

9 sections • 191 lectures • 8h 59m total length

  • Preview01:47
  • Preview01:47
  • How this course will be organized?
    02:27
  • How to deal with Blurry image
    02:04
  • How to reach additional resources
    01:05

  • Preview01:27
  • Preview04:07
  • Preview03:21
  • How to get data on how you spend your money
    03:33
  • Analysis of Giuseppe expenses – Introduction
    00:54
  • Analysis of Giuseppe expenses – Data Available
    03:50
  • Analysis of Giuseppe expenses – Analysis by Reasons
    03:02
  • Analysis of Giuseppe expenses – Analysis by Categories
    02:00
  • Analysis of Giuseppe expenses – Joint Analysis
    02:02
  • Analysis of Giuseppe expenses – How to do it – Pivot Tables
    03:56
  • Preview01:33
  • Reduction of frequency of usage – Case Introduction
    01:02
  • Reduction of frequency of usage – Analysis of usage frequency
    01:49
  • Reduction of frequency of usage – Estimation of potential savings
    03:30
  • Reduce how often you replace something – Case Introduction
    00:50
  • Reduce how often you replace something – Data Available
    01:59
  • Reduce how often you replace something – Analysis in Excel
    02:54
  • Reduce how often you replace something – Summary in Excel
    02:13
  • How to identify which expenses are worth reducing
    04:03
  • Preview00:48
  • How to identify which expenses that are worth eliminating
    01:04
  • Eliminate some expenses – Case Introduction
    01:03
  • Eliminate some expenses – Data Available
    01:21
  • Eliminate some expenses – Solution in Excel
    02:26
  • Renegotiate prices & find cheaper provider
    00:55
  • Renegotiate prices & find cheaper provider – General approach
    02:16
  • Renegotiate prices & find cheaper provider – Case Introduction
    00:57
  • Renegotiate prices & find cheaper provider – Data Available
    02:02
  • Renegotiate prices & find cheaper provider – Solution in Excel
    03:15
  • Preview01:39
  • Preview02:43
  • Preview01:17
  • Preview03:17
  • Preview04:20
  • Preview04:12
  • Preview02:05
  • Preview03:06
  • Be healthy & stay in shape
    02:22
  • The benefit of staying healthy and fit – Case Introduction
    01:08
  • The benefit of staying healthy and fit – Solution Part 1
    03:46
  • The benefit of staying healthy and fit – Solution Part 2
    02:22
  • Low hanging fruits
    02:27
  • How to lose weight – Case Introduction
    00:36
  • How to lose weight – List of potential activities
    02:27
  • How to lose weight – Solution
    03:52
  • Preview05:24
  • Preview01:22
  • Preview03:34
  • Preview02:24
  • Preview01:41
  • How to get into shape – Running & Summary
    03:09
  • Calculate the value of your time
    02:49
  • Calculate the value time – Case Introduction
    00:54
  • Calculate the value time – Solution in Excel
    02:22
  • How to use the value of your time to make decisions?
    03:00
  • Make it or buy it
    01:25
  • Delegating some work to others – Case Introduction
    01:25
  • Delegating some work to others – Analysis of activities
    02:57
  • Delegating some work to others – Summary
    01:47
  • Car vs Uber – Introduction
    01:33
  • Car vs Uber – Cost of own car Basic
    04:08
  • Car vs Uber – Uber
    01:32
  • Car vs Uber – Comparison of costs
    01:39
  • Measure happiness per 100 USD spend and adjust your choices
    02:21
  • Happiness adjustment – Case Introduction
    00:47
  • Happiness adjustment – Data Available
    04:02
  • Happiness adjustment – Solution
    03:28
  • Preview02:37
  • Preview01:42
  • Preview00:59
  • Preview03:18
  • Preview02:38
  • Reduce Liabilities – Case – Debt Summary & Earnings
    03:44
  • Reduce Liabilities – Case – Potential Improvements
    02:57
  • Repurpose assets that don't generate income – Introduction
    03:10
  • Preview01:21
  • Repurpose assets – Case Introduction
    01:14
  • Repurpose assets – Assets mapping
    02:10
  • Repurpose assets – Apartment 1 & 2
    03:39
  • Repurpose assets – Clothes, Domestic Appliances
    01:51
  • Preview02:11
  • Repurpose assets – Summary
    02:59
  • Check the end outcome of something and is it worth it
    02:27
  • How much is MBA worth – Case Introduction
    00:53
  • How much is MBA worth – the Loan
    03:21
  • How much is MBA worth – Pessimistic scenario
    03:10
  • How much is MBA worth – Optimistic & Realistic
    02:22
  • How much is MBA worth – Comparison
    02:31

  • Preview01:33
  • What happens with Jorge time – Introduction
    00:54
  • What happens with Jorge time – Data for the case
    01:34
  • What happens with Jorge time – Analysis of data
    02:46
  • What happens with Jorge time – OLE & Improvements
    03:40
  • Why it is important to know what to do?
    01:05
  • How to see the woods and not just the trees –from general to specific
    07:29
  • Calculate the impact with simple math
    04:39
  • Issue tree
    01:44
  • Look for low hanging fruits
    02:27
  • Priorities
    04:00
  • Benchmarks– external and internal
    02:53
  • 80/20 rule in practice
    02:51

  • Make to do list
    08:37
  • Use the right tools in the right manner
    04:42
  • Identify and deal with bottlenecks.
    05:24
  • No multitasking
    03:45
  • Avoid emails
    03:53
  • Create universal structure of folders
    02:07
  • Talk and write in simple way
    04:13
  • Standarize
    04:28
  • Create templates
    05:08
  • Example of standards and templates for Excel analysis
    04:22
  • Create moduls
    01:27
  • Shelf management
    07:26
  • Avoid iteration
    11:33
  • Guess and prepare ahead
    03:32
  • Get rid of not used elements
    03:52
  • External vs Internal deadlines
    02:07
  • Know your customer
    02:04
  • Be your customer
    03:37
  • Master your field
    07:26
  • 1 piece flow
    06:35
  • Smart Batching – vs 1 piece flow
    05:30
  • Automation
    04:40
  • Delegate
    04:46
  • Zero defect rule
    02:33

  • Preview00:41
  • Preview02:30
  • Be more productive – Overview – Do the right things
    02:51
  • Be more productive – Overview – Work faster
    02:40
  • Acquire new skills & knowledge
    02:40
  • Compounded effect
    01:52
  • Reading skills – Introduction
    01:38
  • Reading skills – End year
    04:26
  • Reading skills – By weeks result
    03:28
  • Deliver value – Introduction
    01:45
  • Deliver value – the Process
    03:02
  • Demonstrate that you have delivered the value
    03:01
  • Ask for a raise – Introduction
    01:04
  • Ask for a raise – the Process
    03:46
  • Change the way you are getting your money
    03:59
  • Befriend people within the firm – Introduction
    02:05
  • Befriend people within the firm – the Process
    02:50
  • Network outside the firm
    02:25
  • Get promoted
    03:23
  • Move from one firm to another
    02:10
  • Move from one firm to another – Case Introduction
    00:45
  • Move from one firm to another – Analysis in Excel
    02:32
  • Get more hours – Introduction
    02:51
  • Get more hours – Case Introduction
    01:02
  • Get more hours – Overview of Data Available
    04:20
  • Get more hours – Working More
    03:12
  • Get more hours – Studying for the CFA
    03:47
  • Get more hours – Comparison
    02:17
  • Change your career path to a more promising one
    01:57
  • Change your career path to a more promising one – Case Introduction
    01:06
  • Change your career path to a more promising one – Solution
    03:32

  • Preview00:43
  • Preview02:11
  • Sell your services – Introduction
    04:19
  • Sell your services – Examples
    01:36
  • Assets & Tools
    03:29
  • Assets & Tools – Examples
    02:30
  • Sell or rent your Assets & Tools
    03:34
  • Sell or rent your Assets & Tools – Where to find ideas
    02:17
  • Sell or rent your Assets & Tools – Case Introduction
    01:18
  • Sell or rent your Assets & Tools – Online Courses
    03:49
  • Sell or rent your Assets & Tools – Working & Excel tools
    02:07
  • Sell or rent your Assets & Tools – Comparison
    02:49
  • Create new revenue streams using your Assets & Tools – Introduction
    04:48
  • Create new revenue streams using your Assets & Tools – When it makes sense
    02:33

  • How much money you need – Introduction
    00:54
  • Backward logic
    02:43
  • When can I retire – Introduction
    01:23
  • When can I retire – No passive income – Excel Basic
    05:17
  • When can I retire – No passive income – Go seek function
    03:05
  • When can I retire – With passive income
    02:17

  • Preview00:51
  • Preview03:36
  • Different types of assets in which you can invest – Introduction
    05:50
  • Basic rules of investing
    03:24
  • Things that will influence your returns
    04:33
  • Stocks
    03:17
  • Bonds
    03:46
  • Real Estates
    04:18
  • Real Estates – Risks
    03:33

  • Bonus Lecture
    01:14

Instructor

Asen Gyczew
Expert in performance improvement, turnaround and startups
Asen Gyczew
  • 4.3 Instructor Rating
  • 12,438 Reviews
  • 84,121 Students
  • 49 Courses

Expert in performance improvement, scaling businesses, and turning-around companies with significant experience both in management as well as in supervision of medium size companies (EUR 20 – 500 million) and startups. I have trained in person over 100 consultants, business analysts, and managers who now are Investment Directors, CEO, Partners in PE and VC funds, Sales and Marketing Directors, Operational  Directors, COO, Directors in Consulting Companies, Supply Chain Directors, Board Members, etc. On top of that my courses on Udemy were already taken by more than 84 000 students including people working in McKinsey, EY, Walmart, Alvarez & Marsal, Bain, PwC, Deloitte, Accenture, Dell, Adidas, Naspers, Walgreens, Orange, Citigroup, Cisco, IBM, and many others.


Functional experience:
performance improvement, strategy development, startups, intrapreneurship, post-merger integration and cost reduction, due diligence, turn-arounds, PMO; 

 Industry experience: SMCG (domestic appliances, furniture, ceramic tiles), FMCG (cosmetics, juice, meat), retail (electronics, convenience shops, pharmaceuticals, DIY, vending, fashion, toys), B2B (aluminum system, plywood, alcohol, reagents, loading systems), services (MRO, consulting, outsourcing) 

Countries: Poland, Serbia, Russia, Ukraine 

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