Free Download The Clear On Personal Finance Management
Published 11/2023
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 471.55 MB | Duration: 0h 42m
Set up a real serious journey to wealth
What you'll learn
Know the frequent advice most money and investment books talk about
how to adopt long term investing strategy
how to adopt a healthy behaviour when it is come to spending
how to act upon most crucial need in life housing and car
Know the power of compounding
Requirements
No requirement Need
Description
Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.Individual goals and desires-and a plan to fulfill those needs within your financial constraints-also impact how you approach the above items. To make the most of your income and savings, it's essential to become financially savvy-it will help you distinguish between good and bad advice and make intelligent financial decisions.Areas of Personal FinanceThe five areas of personal finance are income, saving, spending, investing, and protection.IncomeIncome is the starting point of personal finance. It is the entire amount of cash inflow that you receive and can allocate to expenses, savings, investments, and protection. Income is all the money you bring in. This includes salaries, wages, dividends, and other sources of cash inflow.SpendingSpending is an outflow of cash and typically where the bulk of income goes. Spending is whatever an individual uses their income to buy. This includes rent, mortgage, groceries, hobbies, eating out, home furnishings, home repairs, travel, and entertainment.Being able to manage spending is a critical aspect of personal finance. Individuals must ensure their spending is less than their income; otherwise, they won't have enough money to cover their expenses or will fall into debt. Debt can be devastating financially, particularly with the high-interest rates credit cards charge.SavingSavings is the income left over after spending. Everyone should aim to have savings to cover large expenses or emergencies. However, this means not using all your income, which can be difficult. Regardless of the difficulty, everyone should strive to have at least a portion of savings to meet any fluctuations in income and spending-somewhere between three and 12 months of expenses.Beyond that, cash idling in a savings account becomes wasteful because it loses purchasing power to inflation over time. Instead, cash not tied up in an emergency or spending account should be placed in something that will help it maintain its value or grow, such as investments.InvestingInvesting involves purchasing assets, usually stocks and bonds, to earn a return on the money invested. Investing aims to increase an individual's wealth beyond the amount they invested. Investing does come with risks, as not all assets appreciate and can incur a loss.Investing can be difficult for those unfamiliar with it-it helps to dedicate some time to gain an understanding through readings and studying. If you don't have time, you might benefit from hiring a professional to help you invest your money.
Overview
Section 1: Introduction
Lecture 1 what is Financial management?
Section 2: The importance of saving and investment
Lecture 2 saving and investment
Section 3: This is why you should avoid credit card
Lecture 3 Credit card
Section 4: Checking account & saving account
Lecture 4 Checking account and saving account
Lecture 5 The power of compounding on saving account
Section 5: Debt Management
Lecture 6 Debt management
Section 6: Time horizon for doubled money
Lecture 7 Time Horizon for doubled money
Section 7: Housing and Car
Lecture 8 Housing and car
Section 8: How to pick stocks for long term investments
Lecture 9 Long term investing Strategy
Lecture 10 fundamental analysis
Lecture 11 technical analysis
Lecture 12 Dividend reinvestment
Lecture 13 Wrap up
Lecture 14 UPDATE 1
Lecture 15 Update 2
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