Your Financial Future: A Guide for Beginners

Name: Your Financial Future: A Guide for Beginners
Rating: 4.4 (25 reviews)

Personal Finance Basics: Saving, Investing, and Retirement Planning

Created byEverybody Money (S. Kyle Johnson)

Last updated 3/2024

English

English [Auto],

What you'll learn

Recognize common terms necessary for financial literacy
Identify the earning potential of a bank account or investment.
Calculate how much you need to save for retirement or other goals.
Employ digital tools like calculators and AI to help you learn and make financial plans.
Open an investment or retirement account

Course content

4 sections • 24 lectures • 1h 50m total length

Welcome to Your Financial Future!3:49
Nice to meet you!
Welcome to Your Financial Future: A Guide for Beginners.
This course is brought to you by Everybody Money, a financial educational resource center meant for people who feel lost, confused, or embarrassed about money!

Preparing for your financial future doesn't have to be so complicated! In this course, you'll engage with bite-size videos, illustrative graphics, and practical exercises. You will gain the confidence to navigate the worlds of saving, investing, and retirement planning.

The course is divided into four sections, comprised of short lectures and other micro-learning experiences to build a vocabulary and toolkit that empowers you to make your own financial decisions.
We have created a resource that you will use throughout the course: A spreadsheet including multiple useful calculators to help you put what you learn into practice. There will be multiple videos and activities that will show you how to use it. It is linked below.
Important: Nothing provided in this course should be taken as personal financial advice. Any platforms, services, strategies, banks, firms, or investments are referenced for purely educational reasons.
Notice any glitches or errors? Have questions about the content?
Reach out at ContactEverybodyMoney@gmail.com ! We cannot provide personal financial advice, but we are happy to explain any course concepts as we are able.
Part 1 Introduction0:36
Welcome to Part 1: Saving!
The future can be a huge source of anxiety - especially when it comes to money. In Parts 1 and 2, we are going to learn about the two primary financial tools you should have in your arsenal in order to prepare for the future: Saving and investing. Both saving and investing are methods by which you use the money you currently have and optimize it for a more secure and prosperous future. For Part 1, we will focus on Saving.
Learning Outcomes
As a result of completing Part 1, participants will be able to:
Describe the purpose of saving.
Interpret the features of a savings account.
Use calculator tools to determine the future value of a savings account.
Word Bank
Here are some keywords we will encounter in Part 1.
Saving
Interest
Principal
HYSA
CD
APR
Compounding
APY (Annual Percentage Yield)
Introduction to Saving4:34
Compounding Interest5:43
Explore how compounding interest grows your savings by updating the principal as interest is earned. Learn how APR and APY reflect this growth with monthly calculations and practical examples.
Review0:05
Part 1 Quiz

Part 2 Introduction0:35
Another powerful tool that can help you plan for future needs and goals is investing. To some, investing might sound like something that could be very exciting, but feels overwhelming and confusing. To others, it might sound like “pie in the sky” and risky. In Part 2 we will learn about investing - specifically investing in things like stocks and bonds - as a useful tool for growing your wealth and approaches you can take to make investing easier and less risky if it’s a tool you choose to use.
Learning Outcomes
As a result of completing Part 2, participants will be able to:
Define investing.
Explain the differences between stocks, bonds, and funds.
Identify the rate of return on an investment.

Word Bank
Here are some keywords we will encounter in Part 2.
Investing.
Rate of Return.
Annualized Return.
Stocks.
Bonds.
Funds.
Introduction to Investing7:55
Define investing as using money to own assets such as stocks and bonds, and explore rate of return and volatility to plan for retirement and manage risk.
Stocks and Bonds6:08
Funds9:43
Learn how funds diversify stocks and bonds to reduce risk, whether through mutual funds or index funds like the S&P 500, and support retirement planning with target date funds.
Review0:05
Part 2 Quiz

Part 3 Introduction0:30
Retirement3:46
How Much Do I Need?14:55
Learn to estimate retirement needs amid inflation and changing expenses using scenarios, calculators, and ai tools to plan flexible, sustainable withdrawals.
Rules of Thumb8:32
You Can Do It!4:56
Review0:05
Part 3 Quiz
Outtake on FIRE (Financial Independence Retire Early)3:41
This segment was cut for time, but is still important. It addresses the concept of early retirement, as well as the realities of financial abuse.

Part 4 Introduction0:21
How To Invest3:30
Learn how to start investing by choosing the right account type: employer plans, personal tax-advantaged accounts, and brokerage accounts, and understand where to buy stocks, bonds, and funds.
Employer Accounts10:58
Individual Accounts7:49
Compare traditional and Roth employer accounts and traditional IRA versus Roth IRA, noting deductions and income limits. Explore 529s, HSAs, FSAs, and brokerage accounts for education, health, and investing opportunities.
Let's Do It!12:07
Explore four practical ways to start investing, from employer retirement accounts to financial advisors and robo-advisors, and weigh fees to choose the best approach for your goals.
Part 4 Review0:05
Part 4 Quiz
Bonus0:10

Requirements

No requirements! This class is for anyone who has felt overwhelmed by all the jargon and condescension in the world of money!

Description

Preparing for your financial future doesn't have to be so complicated!

This manageable and down-to-earth personal finance course empowers you to plan for your future needs and goals. Without all the big words, sales pitches, and angry old men telling you what to do (we don't care how many lattes you drink!), this course puts you in the driver's seat of your own financial journey. We take a "micro-learning" approach. Through bite-size videos, illustrative graphics, and practical exercises, you will gain the financial literacy necessary to navigate the worlds of saving, investing, and retirement planning.

We'll talk about:

The purpose of saving and investing.
How to plan for retirement.
FIRE (Financial Independence Retire Early)
The different kinds of investing and retirement accounts.
What resources you can use to help you analyze and readjust your goals as needed.
How to be a self-guided, lifelong, learner in the world of money.
And more!

We're also going to cover the practical stuff that many financial literacy programs skip but that you might feel embarrassed to ask about - how to actually do things like:

buy a stock.
enroll in a 401k or Roth IRA.
use online calculators or spreadsheets to estimate how your savings or investments might grow.
find a savings account that will help maximize your contributions.

We'll even learn how Artificial Intelligence can help you organize your finances!

I hope you will join us!

Who this course is for:

If you have ever read an article or watched a video about finance or investing and said "huh?" ...this course is for you!
If you have ever heard your uncle say "start an IRA" and you said "a what?" This course is for you!
If some guy on Youtube said you need to stop buying latte's and it hit too close to home. This course is for you! (We don't do that here).

Your Financial Future: A Guide for Beginners

What you'll learn

Explore related topics

Course content

Saving5 lectures • 15min

Investing5 lectures • 24min

Choosing Your Destination7 lectures • 36min

Beginning the Journey7 lectures • 35min

Requirements

Description

Who this course is for: