Financial Literacy
Do you want to put more money in your pocket?
In just 2-hours, this course will change your life by helping you understand personal finances.
It’s a bold statement but it’s true. When you understand personal finance and are financially literate, you will be able to make smarter decisions around money which will lead to achieving your personal goals
Lesson 1: Introduction to Personal Finances
In this lesson, you will learn:
- Why personal finance is important
- How you can benefit from having personal finance knowledge
- What a financial plan is made up of
- And finally, how to develop a financial plan
12 mins.
Lesson 2: Tools for Financial Planning
In this lesson, you will learn :
- The time value concepts relating to money
- How to apply the time value concepts
- What is an annuity
- How to apply the annuity concept
- Why time value is so important in financial planning
- What does cash flow mean?
- How to track your personal cash flow
- What is a budget?
- How to create your own budget
- And finally, some budgeting strategies
16 mins.
Lesson 3: Tax Basics
In this lesson, you will learn:
- Basic taxes and why we pay them
- Common types of taxes
- Tax return overview
- The difference between a tax deduction and a tax credit
10 mins.
Lesson 4: Banking
In this lesson, you will learn:
- The two types of financial institutions
- Banking services – what they are and why people use them
- What to look for when selecting a bank
- Some alternative savings methods
12 mins.
Lesson 5: Credit & Homeowner Basics
In this lesson, you will learn:
- The pros and cons of credit
- What are credit reports and what are they used for
- What is identity theft and what to do if it happens to you
- Homeowner basics
- Mortgage basics
- And finally, renting versus buying a home
13 mins.
Lesson 6: Insurance
In this lesson, you will learn:
- What insurance is and how it works on a high level
- The basics of auto insurance
- What life insurance is and how much you might need
- And finally, term insurance versus permanent insurance
12 mins.
Lesson 7: Investment Fundamentals
In this lesson, you will learn:
- Different types of investments
- What are the risks of investing
- What is diversification and how to diversify your portfolio
- What is asset allocation and what factors impact decision-making
- And finally, some common pitfalls with investing
8 mins.
Lesson 8: Investment Types
In this lesson, you will learn:
- Stock exchanges and what to look for when purchasing stock of a company or portfolio
- Bonds and the different types available for purchase
- And the pros and cons of investing in mutual funds
12 mins.
Lesson 9: Retirement & Estate Planning
In this lesson, you will learn:
- The three components of Canada’s Retirement income system
- The difference between OAS and CPP
- The difference between a defined-benefit and defined-contribution pension plan
- The difference between a registered retirement savings plan and a tax-free savings account
- Retirement income conversion options
- And finally, estate planning basics
16 mins.
Nelson Soh, CPA, CA
Instructor
Nelson Soh is CPA, CA (Chartered Professional Accountant), TEDx speaker, financial literacy expert and author with over 10 years of experience helping business owners and individuals of all levels improve their financial acumen and financial literacy.
Ready to get started?
Sign up now and start your financial freedom journey!