Introduction and importance of personal finance and financial literacy
This is the course content that I will be speaking on with the customers. This is going to be a detailed training cum investment guidance program for the customers who attend this. Its going to be a 20 hr training program spread across 15 days.
Master the art of saving money by budgeting wisely and tracking expenses. Optimize cash flow management to achieve financial stability and long-term goals. Take control of your finances for a secure and prospero
Saving money provides financial security during emergencies, ensures a comfortable retirement, and enables opportunities for future investments and growth. It offers peace of mind, reduces financial stress, and helps achieve long-term financial goals.
Saving : Saving money provides financial security during emergencies, ensures a comfortable retirement, and enables opportunities for future
Investments : investments and growth. It offers peace of mind, reduces financial stress, and helps achieve long-term financial goals.
Without saving and investing, you risk facing financial instability, limited opportunities for growth, and potential difficulties in achieving long-term financial goals such as retirement or major purchases. Additionally, you may miss out on the benefits of compounding interest and inflation protection, hindering your ability to build wealth over time.
Spending involves using money to purchase goods and services, fulfilling immediate needs and desires. Without proper budgeting and restraint, excessive spending can lead to financial strain, debt accumulation, and hindered progress towards long-term financial goals. Tracking expenses and prioritizing needs over wants can promote responsible spending habits for financial well-being
Goals serve as guiding beacons, directing actions and efforts toward desired outcomes. They provide clarity, motivation, and a sense of purpose, driving personal and professional growth. Setting specific, achievable goals empowers individuals to overcome obstacles, measure progress, and realize their aspirations.
Wants : are desires or preferences for goods, services, or experiences that are not necessary for survival but add comfort or pleasure to life, such as luxury items or entertainment.
Needs : on the other hand, are essential requirements for sustaining life and well-being, including food, shelter, clothing, healthcare, and education. Distinguishing between wants and needs helps prioritize spending and allocate resources.
Emergency funds
Budgeting
Importance & real life use of budgeting
Real estate planning
Wealth Creation through investment
- Net worth of individual
- Goal Setting
- Event based
- investment planning
- Child education
- Child Marriage
- Retirement planning
- 40-30-30, 50-30-20, 30-30-30-10 Rules of investing
Protecting Life & Investment
Term Plan/Insurance
Health Insurance
Various Investment vehicles
Mutual Funds
Commercial Real Estate Residential Real estate
Stock Market investment
100- AGE = % of money you should invest in Equities
- Tax Planning
- Various Tax sections to save tax
- Communication & Record Keeping which affect finances
- Will writing
- Nominees in all financial investment
- Keeping families informed on insurance policies and investment
- Credit Score & its importance
- Start Early Reach Early
- Financial Independence & Retire Early
- 8th Wonder – Power of compounding
- Giving time time to investment or timing the market investment
FQA
You are welcome to participate. Everything from fundamentals to advanced stock trading is covered in the course.