Personal Finance in 2024: Practical Guide for Beginners

Personal Finance, Finance Fundamentals Awareness, Bank, Loans, ESOP, Stocks, Market, Investment basics, Retirement

4.55 (148 reviews)
Udemy
platform
English
language
Finance
category
Personal Finance in 2024: Practical Guide for Beginners
25,782
students
3 hours
content
Aug 2023
last update
$34.99
regular price

What you will learn

Understanding the recession signs and staying prepared without getting too stressed.

Understanding basics to protect yourself from scammers and misinformation being sold as financial advice.

Knowing why ideas from US will not work in a developing country like India etc.

Estimate the balance between loans, income, saving and investment based on 3-5 year horizon.

Knowing when to rent over buying a house. Impact of home loan on career decisions. Not confusing rental income based on mortage funded loans.

Knowing impact of education loan or student debt on long term personal finances.

Understanding risk of investing without saving enough can lead to severe financial problems in future.

Building a necessity based decision framework for personal finance

Differentiate between the noise and information in financial advice and advertisements reaching them.

A foundation to build concrete Plan A and Plan B for next five years without relying on any ponzy schemes.

A solid decision framework to identify the need for an expert and reaching out to them after thorough research and specific questions.

Why take this course?

Course Overview: Dive deep into the vast world of personal finance with this comprehensive course. Our goal? To clear the fog surrounding financial concepts, tools, and practices, ensure you're well-equipped to confidently navigate your financial journey.

What You'll Learn:

  • The fundamentals of personal finance, from saving to investing.

  • The critical roles of various insurance types.

  • Insights into inflation and its impact on your wallet.

  • Unraveling the complexities of banks, loans, and their interconnections.

  • The intricate dance between finance and daily life.

  • Strategies to remain prepared and resilient during economic downturns.


By the End of this Course, You'll Be Able To:

  • Construct a robust framework that defines your financial paths in your career and life.

  • Ask pertinent questions, reflecting your life's current stage and responsibilities.

  • Manage your finances adeptly and make decisions backed by knowledge.

  • Pinpoint factors that influence your financial aspirations.

Instructor Expertise: Benefit from the rich experiences of our instructor, who has weathered three recessions across the U.S. and India. Coupled with our commitment to timely updates, this course ensures you receive only the most current and applicable information.

NOTE: This course prioritizes knowledge over shortcuts. As such, we won't be delving into specific investment advice, product promotions, global hacks, or stock/trading guidance.


Top Questions Addressed:

  • The true potential of ESOPs in wealth creation.

  • Deciphering the needs and nuances of life and medical insurance.

  • The ripple effects of inflation on your expenditure.

  • Demystifying the workings of banks and the origin of currency notes.

  • Tactics to spot and survive recessions using interest rates and inflation indicators.

Who Is This Course For?

  • Students: Establish a financial framework aligning with your career goals.

  • Early-stage Professionals: Construct financial defenses, enabling dream-chasing without fears.

  • Sole Breadwinners: Explore tools to bolster your financial prowess, preventing burnout.

  • Everyone: Recognize the obligation of personal finance mastery.

Enrollment Benefits:

  • Access to course previews, offering a sneak peek into the treasure trove of knowledge.

  • Understand the essence of personal finance as a lifelong duty.

Equip yourself with the knowledge to navigate the financial maze. Become the master of your monetary destiny. Enroll today and chart a path toward a secure financial future!


Content

Introduction

Significance of Finance in daily life
Why do you need this course?
What will you learn from this course?
Warm-up

Fundamentals

Definitions
Central Bank
Commercial/Regular Banks
Financial Institutions
Government as a financial instituion
Fundamentals Quiz

Macroview of the system

Economy and Finance
Role of economy and finance in daily life
Inflation
Macroview Quiz

Banks: Deeper Dive

Why are banks needed?
How banks work?
Loans, credits and collaterals
Mid section quiz
Liquidity
Loans and credit scores
Section end quiz

Loans: A close look

Home Loans/Mortgage
Student/Education Loan
Auto Loans
Business Loans
Personal Loans
Credit Cards
Margins in equities
Loans section quiz

Markets and market linked instruments

Concept of stock market
How we get exposed to securities?
Why is understanding securities a necessity?
ESOPs
Sweat Equity
Concept of market indexes/indices
Concept of market capitalization
Section end quiz

Other financial instruments

Fixed income instruments
Types of fixed income instruments
Gold as an investment avenue
Real Estate
Cryptocurrencies
Venture Capital
Section end quiz

The hidden costs and expenses

Basic concept of insurance
Types of insurance
Taxes - Connecting the dots
Taxes and securities
Management Fees
Section end quiz

A practical perspective

Investment: A close look
Income: A more formal definition
Saving: Understanding the scope
Index Funds
Gigeconomy
Section end quiz

Conclusion

How recessions affect lives: Personal Story
Closing remarks

Screenshots

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Reviews

Fakayode
December 29, 2022
The graphics! Although lack of eye catching graphics make me pay full attention to what you're saying
Prasad
December 25, 2022
This course generally includes information, but it was not wholly relevant to me, i was expecting some thumb rules for personal finance or some hacks. But it was good courses for beginners.
Jainam
September 20, 2022
The course was very informative and provided tranparency in many of the concepts but it could be more better if worked a bit more on it like the order and all etc.
Harsh
March 25, 2022
1.Audio quality poor which distracts from focusing on content. 2.Should have used easy words of English so we could have understood better. 3.Very basic knowledge;Nowadays everyone knows this much. 4.There should have been more assignments and many more questions in quizzes.
Pooja
March 10, 2022
No words to appreciate... I am stunned by this course ! It's really gave me a wide knowledge about personal finance... Thanking you ?
Khushi
October 21, 2021
I've got to know about many new things as an undergraduate student. Some of the topics need to be explained in more detail. Voice is cracking in some of the videos. But overall it was a very informative course. Thank you.
Ravi
August 6, 2021
The courses all the basics you must know before jumping on deciding your financial planning. Would definitely recommend everyone to subscribe.

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4101876
udemy ID
6/5/2021
course created date
6/12/2021
course indexed date
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