Personal Finance Masterclass - Easy Guide to Better Finances

Your complete personal finance guide to understanding finances. Save more, invest smarter, reduce loans, retire earlier!

4.47 (2007 reviews)


7.5 hours


Feb 2021

Last Update
Regular Price

What you will learn

You'll be the master of your own finances.

You'll know how to create a smart budget that helps you increase savings and reduce expenses.

You'll increase your income with a promotion, new job, side hustle, and online income.

You'll have a step-by-step process for reducing your loan and/or credit card debt.

You'll know the process for buying a house and saving up for a down payment.

You'll know how retirement works, how to save and invest for retirement, and how much you'll need to save and invest for a worry-free retirement.

You'll learn how to retire early and achieve financial freedom!


This online personal finance course will teach you how to master your money, how to grow your income, reduce your debt, budget the smart way, invest your money, and much more!

  • Do you need help handling your money?
  • Can you imagine a life of financial freedom?
  • Do you want to make more money?
  • Are you interested in investing but just don’t know where to start?
  • Have you struggled with credit card or student loan debt?
  • Do you want to own a home?

If you answered yes to any of these questions, you’re in the right place. We know how hard it is to get by in the modern world. We understand your struggles. Heck, we’ve lived them. But we’ve been able to turn it around ourselves, to not just survive but to THRIVE!

Phil paid off over $140,000 in student loan debt and built a 6-figure side business within 5 years of college graduation. Mike & Lauren are on the path towards super-early retirement, are the ultimate personal finance hackers, and are currently traveling the country with their newborn son.

This isn’t your traditional personal finance course. We’re not bankers or creditors. We’re not trust fund babies who haven’t worked for themselves. We’re just like you, and that’s what this course is all about. This is a course that teaches normal people like you the skills and knowledge to truly understand how money works. We show you the path towards financial freedom.

This online personal finance course covers all of the following topics:

  • Understand Your Money
  • Budgeting, Savings, Reducing Expenses
  • Grow Your Income
  • Understanding Credit Cards
  • Loans, Debt, Debt Reduction
  • Investing 101
  • Real Estate, Mortgages, and Other Big Ticket Purchases
  • Retirement Basics
  • Early Retirement Plan & Financial Freedom
  • Taxes
  • Love & Money
  • Youth & Money
  • Psychology & Money

Master your own finances to build wealth for you and your family.

Regardless of what your financial expertise is or how much money you have in your bank account, this in-depth course is designed to provide you with everything you need to take your finances to the next level.

Whether you’re in debt and don’t have a clue where to go from here, or you’re just wondering where to invest your money, you’ll learn the next steps to success. By truly understanding how things like credit, compound interest, taxes, and investment accounts work, you’ll be in a better position for financial freedom.

By the end of this course, you’ll have a better grasp of your own finances. You’ll know the next steps towards financial freedom. You’ll know how to save more, spend less, and invest smarter. You’ll be less stressed and happier. That's our goal. Take the first step to financial success with this amazing personal finance course.

About the instructors:

Phil Ebiner started teaching online courses in 2012, and now has over 130,000 happy students on Udemy learning all sorts of things from personal finance and business building to video editing and motion graphics. Phil is passionate about helping people understand their finances and uses tools like video to break down the complexity of these topics.

Mike and Lauren are personal finance wizards with a YouTube channel geared at helping others tackle their financial problems. Mike and Lauren don’t just talk the talk, but also walk the walk of early retirement and living a financially smart life.


Personal Finance Masterclass - Easy Guide to Better Finances
Personal Finance Masterclass - Easy Guide to Better Finances
Personal Finance Masterclass - Easy Guide to Better Finances
Personal Finance Masterclass - Easy Guide to Better Finances


Course Intro - Understand the Basics of Personal Finance

Welcome to the Course

The Golden Rule of Personal Finance

Why the Rich Get Richer

How to Retire Early - in 4 Minutes

Measuring Your Financial Success: Net Worth & Cash Flow

How Does Money Work?

Section Wrap Up & Resources

Budgets, Savings, Reducing Expenses

Section Introduction

Why Your Savings Rate is Very Important

Budgeting the Smart Way

Tools to Help You Track Your Spending

How to Budget with Mint.com - Full Tutorial

Budgeting with Microsoft Excel - Free Download

Why Cut Out the $5 Latte (Reducing Expenses vs. Increasing Income Part 1)

Easy Ways to Reduce Expenses

3 Biggest Budget Busters (Pinching Pennies vs. Big Wins)

The Emergency Fund: What is it?

Choosing a Bank vs. Credit Union

Automating Your Finances

Fun Frugal Activities to Save You More Money

Section Wrap Up & Resources

Grow Your Income: Make More Money Doing What You Love

Section Introduction

Increasing Income Versus Reducing Expenses

How Much Do You Value Your time?

Get a Better-Paying Job

Side Income: Make Money Outside of the Office

Turning Hobbies into Profit

Have a Better Work / Life Balance

How to Make Money Online

Section Wrap Up & Resources

Credit Cards: Understand How to Master Using Credit Cards

Section Introduction

What is a Credit Score? Do You Need One?

Credit Card Rewards: Picking the Best Credit Card

Credit Cards vs. Debit Cards

Section Wrap Up & Resources

Loans, Debt, & Debt Reduction

Section Introduction

What is a Loan?

Why Taking Out Loans Can Be a Good Thing

What Does It Mean to Be in Debt?

Basics of Debt Reduction

How I Would Pay Down Debt (without making a lot of money)

Debt Consolidation: What is It? Should You do It?

Collections: What Are Collections?

Secured vs. Unsecured Debt

Why Co-Signing a Loan is so Dangerous

Section Wrap Up & Resources

Investing 101: Learn the Basics of How Investing Works

Section Introduction

Investing 101 - Stocks, Bonds, Mutual Funds

Alternative Investments - Options, Futures, Gold, Real Estate, etc.

What Should I Invest In?

3 Graphs that Show the Power of Investing When You're Young

Compound Interest (Used for or Against You)

Be Suspicious of Financial 'Advisors'

Types of Investment Accounts : Taxable & Tax Advantaged

Target Date Funds

Why I Use Vanguard

Section Wrap Up & Resources

Retirement Basics: Learn How Retirement Works

Section Introduction

What is the 4% Rule?

How Does Retirement Work?

Retirement Account Basics: 401(k), 403(b), Roth IRA, Traditional IRA, More

What is a Pension?

How Can I Start Investing for Retirement?

Should I Invest in a Bad 401(k)?

Social Security - Should You Count on it?

Section Wrap Up & Resources

Early Retirement Plan & Financial Freedom

Section Introduction

Early Retirement vs. Financial Freedom

Determining What 'Retirement' Looks Like for You

Self-Reliance & Adaptability

Calculating your Net Worth

How Do I Get My Money When I Retire?

Section Wrap Up & Resources

Real Estate, Mortgages, and Other Big Ticket Purchases

Section Introduction

How Buying a House Work

How to Save for a House Down Payment

Investing vs. Paying Off the House

How Buying a Car Works

How Much Car Can I Afford?

Should You Take Out a Loan for a Car?

Help! I'm Upside Down on My Car Loan

Section Wrap Up & Resources

Taxes: How Taxes Work

Section Introduction

What are Taxes?

A Higher Tax Bracket is NOT a Bad Thing!

Why You Don't Want a Tax Refund

Do I Have to Pay a Penalty if I Don't Have Health Insurance?

Capital Gains Tax

Should I Do My Taxes Myself?

Section Wrap Up & Resources

Love & Money: Build a Thriving Financial Environment for You and Your Loved Ones

Section Introduction

Dating Someone with Bad Financial Habits

How Do Kids Affect Your Finances?

Combining Finances with Your Loved One

Health Insurance

Life Insurance

Loaning Money to Friends or Family

Divorce and Your Finances

Section Wrap Up & Resources

Youth & Money: Start Being Smart About Money When You're Young

Section Introduction

Investing for Teenagers

I Want to Move Out of My Parents

Parents Kicked Me Out, Now What?

I Just Received an Inheritance, What Should I Do with It?

Student Loans & Other Survival Tips

Forget College, Learn a Trade

Section Wrap Up & Resources

Psychology & Money: Battling with Society Norms

Section Introduction

Lifestyle Inflation and Status Symbols

The Human Tendency to Buy High and Sell Low

That's Not Saving Money! (Malleable Mental Accounting)

Dealing with Compulsive Spending

Section Wrap Up & Resources


Section Introduction



Adjustable Rate

AGI - Adjusted Gross Income


APR - Annual Percentage Rate

ARM - Adjustable Mortgage Rate


Asset Allocation

Auto Insurance




Capital Gains

CD - Certificate of Deposit


Compound Interest

Credit Report

Credit Score

Credit Union


Debt Consolidation


Defined-Benefit Plan

Defined-Contribution Plan


Disability Insurance



FICO Score

Fixed Rate

Interest Rate

IRA - Individual Retirement Account




Mutual Fund


Net Worth


Payday Loan

PMI - Private Mortgage Insurance

Promissory Note


Roth IRA


Standard Deduction


Stock Options

Variable Rate


Course Conclusion

Thank You

Bonus Lecture: Get Any of Phil's Course for Up to 90% Off


Dorothy1 October 2020

Nice and simplistic. Some items are outdated or don't provide enough detail, but overall a worthwhile course and very informative especially for a younger audience.

Christina16 September 2020

Wow, the subject is very interesting. I can't wait to learn more about saving so that it will give me the opportunity to retired early. Great class to learn about early retirement. The instructor goes over different types of investment and how to better prepare yourself for your retirement. I will definitely recommend this personal finance masterclass to anyone who are looking for a better way to retired.

David11 September 2020

I really like the content, the energy the guys (and girl!) bring. But I feel like the total content length is less than I am used to pay for for other similar courses. Now that is not necessarily a bad thing (for example this is a course I could direct my wife to) it is not as deep as it what I suspected. I don’t mean to criticize the course creators. What they did is valuable. The key problem is that Udemy does not let us sample course content well. So when we buy we don’t know what we buy. So this is a great course. But I am not necessarily the target audience. But I had no way to know that before I bought.

Alila8 September 2020

Fix the title! "How Buying A Home Work(S)" Speaker was a bit choppy in this section. Also, discuss points - this is such a big topic now!

Mick22 July 2020

Bits and pieces of this course are OK, but I honestly find all of the experts unlikeable. Phil makes it sound so easy to go from making 30K a year... to 50K... to 100K... to even 200K a year! Nice! It's THAT easy! Ugh, give me a break. It seems like he's just reading from a script. The other experts (Mike and Lauren)... the audio and video don't sync in their videos. Apparently nobody ever monitors the Q&A because there are dozens (hundreds?) of unanswered questions there. So clearly.. you are paying them and THEY are making money... for not really doing anything at all except reading from a script. That's the JOB I want!

Pearl5 February 2020

Just what I was looking for. I have always spent more then I earn and it was seriously beginning to get me into depression

John26 January 2020

Incredible overview of basic finance. Easy to relate to content that anyone can follow. Highly recommend if you are getting started with trying to tighten up your personal finance.

Jason27 November 2019

I wish there was more emphasis on creating a small online business, I'm taking a different course for that topic. Overall, good source material and very helpful

Glenn15 November 2019

Good, but the definitions of "assets" and "liabilities" are in conflict with what I learned in accounting.

Kristi7 October 2019

Videos would not buffer and then would not play without me pausing and playing repeatedly. One video would not play at all.

Marijan3 October 2019

The whole course just sounds like some bad sales pitch, with catch phrases and common logic. Perhaps this works with Americans, but there wasn't anything yet that sounded professional, especially for a paid class. This kind of education I would except on YouTube videos, but not here.

Tiago1 October 2019

Too focused on USA. There are too much USA only sections that I had to skip throughout the course, therefore they should be flagged as such or moved altogether to an exclusive group.

Luis12 September 2019

Too basic. Sorry to say, but it has been a waste of my time and money. Also, it should be very explicit in the course description that most principles covered are only valid in the US.

Alejandro2 September 2019

A GREAT introduction to Personal Finances course. If you are in debt and want to get back on track, is definitely the course for you.

Sanidhya27 August 2019

The videos are good and the best part is that doubts are being clarified promptly. Thanks to the educators.


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