IIRF Online > Finance & Accounting > Finance > Personal Finance > The Core Four of Personal Finance including Recession Basics
The Core Four of Personal Finance including Recession Basics by Udemy
A global recession has started! Learn the core four pillars of personal finance. Get and stay motivated!
Course Highlights
- Identify the Core 4 Principals of Personal Finance
- Learn how to invest in a diversified portfolio of stocks and bonds!
- Learn how to manage their debt
- Learn how to earn more money and reduce their expenses
- Learn about the basics of a Recession and how to live through it
- Learn the difference between financing a home versus actually owning it
- Learn how much they need for retirement
- Learn about the best monthly budgeting tool
Skills you will learn!
Curriculum
7 Topics
01 - Introduction
Download the handout here
02 - The Material is Easy
About Son Han Your Coach
04 - Purpose of the Course
Benefits of Taking the Course
Why Personal Finance Matters
2 Topics
This is PERSONAL
Live Below Your Means
9 Topics
09 - What Does Being Rich Mean
10 - High Net Worth
11 - Net Worth is the Most Important Number
12 - Focus on Your Net Worth
Building a Capital Base
Negative Net Worth
Negative Net Worth - Lose Your Job
Green and Lose Your Job
At-Will Employment
8 Topics
Intro to Budgeting - Calculate Your Net Worth and Budget
Intro to Budgeting Spreadsheet
Step 1 of 6
Step 2 of 6
Step 3 of 6
Step 4 of 6
Step 5 and 6
Funny Music VIdeo
3 Topics
13 - Intro to The Core Four
14 - Financing vs. Owning
15 - How People Buy Such Expensive Cars
4 Topics
16 - Core Principal 1 - Earn More Than You Spend
17 - Side Hustles
HustleVida.com
18 - Emergency Fund = Screw You Fund
2 Topics
19 - Core Principal 2 - Pay Off All Your Debt
20 - Incentives For Banks Explained
2 Topics
21 - Core Principal 3 - Cut Your Spending By Practicing Essentialism
22 - Lifestyle Inflation Animation
11 Topics
Investing 101 - What is a Stock?
How do you make money?
What is the stock market?
What is a broker?
Differences between a private and public company
How do you buy a stock?
Biggest risk when investing
How to avoid the biggest risk when investing
Index and Index Funds
Where to start investing
How much to invest
7 Topics
23 - Core Principal 4 - Invest 10 a month through Betterment
ONLY invest what you can LOSE
24 - Investing is not gambling
25 - The Power of Compounding Interest
26 - Types of Savings Accounts
27 - 401k and IRA Basics
28 - Let's Invest $10 With Betterment
2 Topics
29 - Automate Your Finances
30 - Long Term Savings Rate Goal
1 Topic
31 - Credit Scores Debunked
1 Topic
32 - Understanding Student Loans
21 Topics
33 - Financial Freedom
34 - Irrational Behavior and Treat Yo Self
Introduction to Art of Side Hustles
Importance of Multiple Income Steams
Why Freelance Businesses Are The Best!
Side Hustles not always equal to WFH
Optionality
Emergency Fund
Building Real World Skills
Skills You Will Learn
Steps to create a Side Hustle
MVP
Side Hustle Examples
HustleVida.com Website for More Ideas
The Key
Top Freelance Jobs
Walk Through Handout
8 Steps to Start Your Freelance Business
Budgeting! Make a copy of the Google Sheet
Let's get started and build your first business!
Reviewing your monthly budget to actuals like a real CFO!
1 Topic
35 - Financing and Keeping a Car
1 Topic
36 - Financing and Keeping a House
1 Topic
37 - How to Get Rid of Debt
1 Topic
38 - THANK YOU
34 Topics
Intro to Recession Basics
Agenda for Today
The Great Recession By the Numbers
At-Will Employment
What is a Recession?
Recession Indicators
Recessions Happen Every 6 Years
What Happens During a Recession Overview
Unemployment Explained
Unemployment with your state is different than the calculation
Consumers Spend Less Money
2 Reasons Debt is Used
Key Takeaways
Businesses Will Go Bankrupt
Recent College Graduates
Building a Capital Base
Capital Base with Jenga Blocks
Net Worth Explained
Negative Net Worth
High and Low Net Worth
4 Steps to Prepare for a Recession
How Society Confuses Us
Side Hustles
6 Months of Savings
You Can Lose Your Job Tomorrow
Live Below Your Means
The Difference between the 2008 and 2020 Recession
Steps to keeping a job during a recession
Making a good impression at your job
Managing a 100 hour work week
Take any job you can during a recession
Saving during a recession
Recession = Opportunity
Conclusion
4 Topics
Equity markets crashing and oil prices crashing - why?
Stimulus Bill Intro
Impact on individuals and businesses
Unemployment will be the highest ever on record
3 Topics
Oil prices are going to fall even lower - likely to $10/bbl
The recovery will take a long time
Saving money during COVID-19 | save on car insurance
1 Topic
How to Protect Your Identity
18 Topics
Investing Intro
Investing in Your Retirement - Real World Task
Defining Shares
Dividends
Stock Price Movement
Where do stocks come from?
Market Capitalization
Index Funds
What is Investing?
Power of Compounding Interest
Non-Compounding Interest
Compounding Interest Recap
Power of Starting Early
Investing Goals and Risk Tolerance
Warren Buffet Advice
Before Investing
Betterment Intro
Stock Market Outro
16 Topics
Intro to Understanding Debt
Define Debt
Credit Card Pros and Cons
Credit Card Compounding Interest
Promotional Interest Rate Comparison
Credit Card Takeaways
Auto Loans
Auto Loan Amortization
Cash Back or 0% Offer
Mortgage Intro
Inputs to Mortgage
Outputs to Mortgage
Total Investment in a House
Mortgage Outro
Interest Rate vs. APR
Outro to Debt
The Core Four of Personal Finance including Recession Basics
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