Personal Finance Volume I: Wealth Creation
4.2 (10 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,867 students enrolled

Personal Finance Volume I: Wealth Creation

A comprehensive guide to wealth creation and effective personal financial budgeting
4.2 (10 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,867 students enrolled
Last updated 6/2015
English
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Current price: $14.99 Original price: $24.99 Discount: 40% off
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This course includes
  • 3.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Develop a basic personal finance framework and apply it in their day-to-day life.
  • Identify different types of income and expenses and organize income and expense information in a structured and effective way.
  • Analyze their income and expense information and identify potential financial difficulties in advance.
  • Use one of the most powerful personal budgeting software, You Need A Budget ("YNAB"), to record and analyze information.
Requirements
  • Willingness to learn
Description

Personal finance is the fundamental principle that everyone should learn. However, it is sometimes overlooked by many people despite the fact that money is always a part of everyone's life. In personal finance, there are four key personal finance principles: 1) wealth creation (how to generate savings), 2) wealth accumulation (what to do with your savings), 3) wealth protection (how to protect your wealth and how to plan for unexpected events), and 4) wealth distribution (how to distribute your wealth after your death. As the name implies, this course is about wealth creation, probably the most critical step in personal finance and the starting point for all subsequent processes.

When we refer to wealth creation, we are talking about personal budgeting and how to manage your income and expenses effectively and hopefully generate positive savings. As this is probably the first time that you think about personal budgeting, this course will outline the four actionable steps in wealth creation: 1) identify what you have, 2) record your revenues and expenses, 3) organize and analyze information, and 4) budget your savings and expenses.

In the early stage of the course, you will learn basic accounting principles and how to identify things that you have such assets and liabilities or even something that you may not be aware of.

In the middle stage, we will talk about types of people and how each type of people earns their income. You will also learn how you should view your revenues and expenses and organize them in the structured and meaningful way.

In the later stage, you will learn special techniques used in personal budgeting and, most importantly, you will be exposed to the personal budgeting framework that you should keep in mind while developing your own budget.

Throughout the course, I will use one of the most powerful personal financial software, out there in the market, You Need a Budget or "YNAB"), to strengthen your understanding of the concepts.

You should be able to develop your own effective personal financial budget after taking this course and, more importantly, you will develop a good personal finance mindset that will pay you dividends for the rest of your life.

Who this course is for:
  • Everyone can take this course, as it is designed to be universal and not to be specific to a particular country.
  • If you look for a specific guideline such as how to submit a tax filing in the U.S., this course is not for you.
Course content
Expand all 20 lectures 03:15:29
+ Identify What You Have
3 lectures 26:51
Basic Accounting Principles
10:20
Let's Explore What You Have
03:29
Recording your Assets and Liabilities in YNAB
13:02
+ Record and Organize Revenues and Expenses
7 lectures 01:21:37
Let's Explore Who You Are
05:41
Revenue Matrix
16:54
Expense Matrix
10:36
Setting Up Expense Categories in YNAB
07:00
Recording your Revenues and Expenses in YNAB - Part I
19:23
Recording your Revenues and Expenses in YNAB - Part II
13:42
Recording your Revenues and Expenses in YNAB - Part III
08:21
+ Budget your Savings and Expenses
7 lectures 01:10:15
Stabilizing Income and Expenses
06:07
Emergency Funds and Reserves
06:07
Introduction to Time Value of Money
10:13
Goal Setting and Basic Saving Goals
07:11
Personal Financial Budgeting Framework
14:38
Personalizing your Budgeting, using YNAB - Part I
11:38
Personalizing your Budgeting, using YNAB - Part II
14:21
+ Wrap Up
1 lecture 02:21
Course Wrap Up
02:21