The Personal Finance Toolkit for Beginners

In this section, you will learn the definition of compound interest and how to use the Rule of 72 to calculate how long it will take you to double your money.

In this section, you will learn the different types of savings accounts and how to decide which one is best for you.

In this section, you will learn the basic concept of budgeting and the different components that go into it.

In this section, you will learn what GIC's are (or term deposits), how they work, when you should use one and the best way to integrate them into your portfolio.

In this section, you will learn about Tax Free Savings Accounts.

In this section, you will learn about inflation and how inflation affects your rate of return.

In this segment, we talk about what stocks are and how they work.

In this segment, we talk about how and why prices in the stock market fluctuate.

In this segment, we show you how to purchase stock!

In this segment we go over the popular stock metrics on Yahoo finance.

In this segment we go over the remaining popular stock metrics on Yahoo finance.

In this segment we go over the remaining popular stock metrics on Yahoo finance.

In this segment, we talk about the risks associated with holding stocks.

In this segment, we talk about the risks associated with holding stocks using real stock graphs as examples.

In this segment, we talk about mutual funds, what they are and how they work.

In this section, you will learn about the Management expense ratio (MER) and how it is calculated, which is the fee you pay for holding a mutual fund.

In this section, we walk through analyzing a mutual fund and show you tools on how to gather information on pricing, fees and holdings.

In this segment, we talk about the pros and cons of holding a mutual fund.

In this segment, we talk about the impact that fees will have on your portfolio after being compounded for over 20 years.

In this segment, we talk about what ETFs are as well as how to look into their holdings.

In this segment, we talk about the differences between ETFs and Mutual funds.

In this segment, we show you how to buy an ETF as well and talk about how the fee savings can positively affect your portfolio.

In this segment, we talk about what bonds are and how they work.

In this segment, we talk about how credit risks impact bond interest rates as well as a few types of bonds (or debt instruments).

In this segment, we show you how to purchase a bond.

In this segment, we show you an example of how a bond works, along with coupon and principal payments.

In this segment, we talk about the different seniority of payments regarding corporate debt. This can also dictate the riskiness of the bond as well as the interest rate.

In this segment, we talk about how interest rates affect bond prices.

In this segment, we talk about how most financial institutions create their standard low to high risk mutual funds.

In this segment, we talk about how another financial institution creates their standard low to high risk mutual funds (very similar to previous section).