Knowing where to start to manage your finances can seem a complex process. This course gives you a process with information and tools to accomplish this simply.
Avoid the costly financial advisory fees, and grow your money to become wealthy. You can become your own financial advisor because nobody cares more about your financial health than you do.
Master the skills and knowledge to achieve financial success
Achieve financial freedom
This course provides you with impartial information so you can make decisions relevant to you. It will educate you so you can ensure your protection needs are adequately met and help you to create an investment strategy appropriate to your circumstances. At the end of the course you will have the skills and knowledge so you can choose to be your own financial advisor.
Ever wondered how rich people make their money work for them? Know how to make use of your tax benefits and allowances to reach your financial goals, improve your lifestyle and retire comfortably.
An easy to follow journey planner will guide you through every step of the process. I have designed this programme so you know where to start and end to manage your money. I have curated this knowledge into short, to the point, factual lectures that will save you time getting the information you need fast.
It does not matter what your level of financial experience and knowledge is. I am here to support you all the way.
On the completion of this course you will be armed with the tools, skill and know-how to achieve the financial freedom and goals you strive for.
Contents and Overview
The course deals with ensuring all your protection needs are met properly before proceeding on the journey to creating an investment plan to meet your financial goals and aspirations.
It begins by introducing you to the uniquely designed financial journey planner map. You are guided along the map all the way.
It guides you to create a well protected financial plan, covering your monthly budget, creating an emergency reserve fund, calculating and dealing with your life and protection needs and will. From there you will complete a Money Fact Finder to define your goals and aspirations. Having done that, the next part takes you into retirement, savings and investment options and using the knowledge from that to create your investment plan to achieve your goals. You will calculate your projected pension on retirement and any shortfall that might exist.
Along the journey you will learn valuable information to make the most of your tax benefits and allowances.
At the end of the course you will also learn ways to assess your financial performance and benchmark your progress against industry standards.
Who is the target audience?
Find out the aim of the course, who it is relevant to and what you will get out of it.
Describe the changes in how the Financial Advisory industry operates since 2013 and why it has never been more important to become your 'own advisor'.
Build your own Emergency Reserve fund to provide you a base level first line of financial protection.
The Reserve Fund
Know what insurance products are suitable for you.
Debunk some of the myths you might have heard about different insurances and learn tips to dealing with insurances.
Explain who needs life insurance and why, and the two types of life insurances that exist.
Who needs it?
List the different variations of Term Insurances you can choose and when they are most suitable.
Explain the difference between Whole of Life Assurance and Term Insurance; when is it most suitable.
Know the difference between a single and joint life policy and what you need to consider when choosing one.
List the factors affecting the cost of life cover and know about 'Waiver of Premium'
Know the value of writing your policy in trust to avoid possible inheritance tax.
Calculate how much life cover you need and any shortfall that might exist.
Use a second online life insurance calculator, more simple than the first one and compare the outcomes.
List the places where you can get quotes for life insurance.
Know what Income Protection Insurance is, whether it's suitable for you or not, calculate how much you need and where best to obtain it.
Know what STIP is, how it differs to Income Protection Insurance, whether it is suitable for you or not, how to work out the cover you need and where to buy it.
Know what PPI is, whether you need it, how much cover to have and where to buy it.
Know what Critical Illness cover insures against, whether you need it, what affects the cost of it, and where to get quotes from.
Explain the importance and 4 main reasons for making a will.
Reasons to make a will
Reason for completing one
Know about prioritising between a pension or savings and investments, the attractive nature of the recent pension rule changes, and some key tips.
List some advantages and disadvantages of investing in a pension compared to a tax efficient Individual Savings Account.
Categorise the three different types of pensions that exist.
Know about the key benefits to having a Final Salary pension.
Know what a Money Purchase pension scheme is, how to invest your pension, and your options at retirement.
Explain the key features of a personal pension and who it is suitable for.
Explain the key features of a GPP and the difference to a personal pension.
Explain the key features and benefits of a stakeholder pension, and who it is suitable for.
Explain the key features of a SIPP, its benefits, and who it is most suited to.
Calculate your projected future pension and any shortfall that may exist.
How to deal with any shortfall in pension and the main options to consider.
Describe the pension options available to those who are self-employed or without a workplace pension.
Know what to consider when setting up your own personal pension and how to buy one.
Know when you are ready to save and invest, and explain about attitude to risk.
Know the difference between saving and investing; explain and give examples of short, medium and long term goals.
Explain compound interest, and list some tips when it comes to saving.
Know about tax allowances when it comes to saving, and the top tax efficient savings vehicles.
List the different types of savings options available.
List the main types of investments you might want to consider, when to start investing and how long to invest for.
Know how and what to consider when making an investment plan.
Know the current tax benefits and allowances for 2017/18 to take advantage of.
Explain about returns from different investment types and what affects investment performance.
Know about the impact of fees and charges on investment returns, and types that exist.
Explain the concept of risk, the different kinds of risk, and what makes up your 'risk appetite'.
Levels of risk for different assets
List the 4 main asset classes that exist, know the importance of diversification and asset allocation.
Know what fixed interest securities are, their risks, suitability, and how to buy them.
Know what shares are, their risks, suitability, and how to buy/sell them.
Know what a Pooled Investment Fund is, the types that exist, their suitability, and how to buy/sell them.
Pooled investment examples
Know what a Stocks and Shares ISA is, how they work, the risks, their suitability, and how to buy/sell them.
Know how to make a return from property, how to invest, and the risks from investing in property.
Know about collectibles, the pros and cons of investing in them, and the tax rules relating to them.
Know what your next steps are to begin your investment plan using the summary list of investment resources available to you.
Know why, when and how to review your savings and investments.
Be able to assess the performance of your savings and investments and use benchmarks.
Be able to summarise the benefits you have gained from this course.
David Sanders is a UK based financial trainer. His mission is to inspire people to take ownership of their finances, become financially free and live the life of their dreams. David’s motivation is to provide affordable, impartial financial education and wants more people to take control of their finances, become their own financial advisors and make themselves rich instead of the big corporate financial institutions.
His passion is finance, business, innovation and learning. His desire is to influence positive change.
David’s career has spanned numerous roles – financial advisor in a remote English farming community, a penny share dealer in London, IT person at a Swiss Investment Bank, and trainer at Reuters supporting their investment banking and trading houses clients to use their financial software. In 2011, David moved to Switzerland and worked for an energy risk management software company and then an innovative Swiss start-up.
Returning to England in 2016, David decided to follow his own business dream. Utilizing his broad business background and financial knowledge he focused his business on combining two consistent themes – finance and learning.
David lives in England but spends much of his spare time in the south of Spain. As a proud father to a 10 years old son who lives in Spain, he loves being with him, and enjoying Spanish food and culture.