The Core Four Of Personal Finance Basics

A global recession has started! Learn the core four pillars of personal finance. Get and stay motivated!

Last updated 2022-01-10 | 4.5

- Identify the Core 4 Principals of Personal Finance
- Learn how to invest in a diversified portfolio of stocks and bonds!
- Learn how to manage their debt

What you'll learn

Identify the Core 4 Principals of Personal Finance

Learn how to invest in a diversified portfolio of stocks and bonds!

Learn how to manage their debt

Learn how to earn more money and reduce their expenses

Learn about the basics of a Recession and how to live through it

Learn the difference between financing a home versus actually owning it

Learn how much they need for retirement

Learn about the best monthly budgeting tool

* Requirements

* Students need to understand that this is a marathon
* not a sprint

Description

Update April 2020:

A global recession started during February 2020. We added an entire section about how to prepare and work your way through a recession. I graduated from grad school during the Great Recession of 2008 and half my class at EY was laid off in the first month. I know first hand what it's like to go through a recession.

Do you want to get your finances in order but not sure where to start?

Please note that this course is more applicable to residents of the United States.

The financial techniques of personal finance are easy to understand. This is not rocket science and the foundation of personal finance is easy to understand. Where people have issues is getting and staying motivated. Just like with a lot of things in life, getting distracted is very easy.

I’m going to teach you about the core four tenants of personal finance. We will go into detail about the core 4 pillars of personal finance.

At the end of this course, you will know how to get your finances under control, get and stay motivated. Later on, if you want to become an expert on personal finance and retire early for example, you will have a strong foundation to understand how to do so. You’ll also understand the advantages and disadvantages of different personal finance paths.

My goal for you is to understand the core four principals of personal finance and to have a strong foundation.

Personal finance is a lifelong journey. Personal finance is a marathon, not a sprint.

Who this course is for:

Students who want a strong foundation for Personal Finance

Course content

24 sections • 160 lectures

Introduction to the Core Four of Personal Finance 7 lectures

01 - Introduction Preview 03:33

Download the handout here Preview 00:00

https://www.dropbox.com/s/u17vmx2sl6vnmkf/Powerpoint%20Slides.pdf?dl=0

02 - The Material is Easy Preview 01:19

About Son Han, Your Coach Preview 02:41

04 - Purpose of the Course Preview 00:55

Benefits of Taking the Course Preview 00:44

Why Personal Finance Matters Preview 01:07

This is Personal 2 lectures

This is PERSONAL Preview 01:13

Live Below Your Means Preview 00:53

Building a Capital Base and At-Will Employment 9 lectures

09 - What Does Being Rich Mean Preview 01:29

10 - High Net Worth Preview 02:03

11 - Net Worth is the Most Important Number Preview 01:44

12 - Focus on Your Net Worth Preview 02:00

Building a Capital Base Preview 00:57

Negative Net Worth Preview 01:20

Negative Net Worth - Lose Your Job Preview 01:06

Green and Lose Your Job Preview 00:48

At-Will Employment Preview 01:21

Budgeting 101 - Calculate Your Net Worth and Budget! 8 lectures

Intro to Budgeting - Calculate Your Net Worth and Budget Preview 01:45

Get the spreadsheet here https://www.brainymoney.com/tools/

Intro to Budgeting Spreadsheet Preview 02:51

Step 1 of 6 Preview 03:27

Step 2 of 6 Preview 02:57

Step 3 of 6 Preview 02:07

Step 4 of 6 Preview 03:19

Step 5 and 6 Preview 03:55

Funny Music VIdeo Preview 03:40

Intro to The Course Four 3 lectures

13 - Intro to The Core Four Preview 02:08

14 - Financing vs. Owning Preview 02:59

15 - How People Buy Such Expensive Cars Preview 01:37

Core Principal #1 - Earn More Than You Spend 4 lectures

16 - Core Principal 1 - Earn More Than You Spend Preview 01:33

17 - Side Hustles Preview 02:58

HustleVida.com Preview 01:29

Check out a cool website called HustleVida.com!

18 - Emergency Fund = Screw You Fund Preview 01:40

Core Principal #2 - Pay Off All Your Debt 2 lectures

19 - Core Principal 2 - Pay Off All Your Debt Preview 01:51

20 - Incentives For Banks Explained Preview 01:16

Core Principal #3 - Cut Your Spending By Practicing Essentialism 2 lectures

21 - Core Principal 3 - Cut Your Spending By Practicing Essentialism Preview 01:53

22 - Lifestyle Inflation Animation Preview 04:09

Investing 101 Animations 11 lectures

Investing 101 - What is a Stock? Preview 00:34

How do you make money? Preview 00:42

What is the stock market? Preview 00:35

What is a broker? Preview 00:37

Differences between a private and public company Preview 00:35

How do you buy a stock? Preview 00:38

Biggest risk when investing Preview 00:55

How to avoid the biggest risk when investing Preview 00:54

Index and Index Funds Preview 03:26

Where to start investing Preview 00:38

How much to invest Preview 00:30

Core Principal #4 - Invest $10 A Month Through Betterment 7 lectures

23 - Core Principal 4 - Invest 10 a month through Betterment Preview 01:16

ONLY invest what you can LOSE Preview 00:50

24 - Investing is not gambling Preview 02:44

25 - The Power of Compounding Interest Preview 02:08

26 - Types of Savings Accounts Preview 03:55

27 - 401k and IRA Basics Preview 02:25

28 - Let's Invest $10 With Betterment Preview 01:15

Automate Your Finances 2 lectures

29 - Automate Your Finances Preview 01:57

30 - Long Term Savings Rate Goal Preview 00:39

Credit Scores 1 lectures

31 - Credit Scores Debunked Preview 02:08

Student Loans 1 lectures

32 - Understanding Student Loans Preview 02:18

Financial Freedom and the Art of A Side Hustle 21 lectures

33 - Financial Freedom Preview 02:33

34 - Irrational Behavior and Treat Yo Self Preview 01:47

Introduction to Art of Side Hustles Preview 00:21

Importance of Multiple Income Steams Preview 02:02

Why Freelance Businesses Are The Best! Preview 05:22

Side Hustles not always equal to WFH Preview 00:31

Optionality Preview 00:44

Emergency Fund Preview 01:13

Building Real World Skills Preview 00:29

Skills You Will Learn Preview 01:04

Steps to create a Side Hustle Preview 01:21

MVP Preview 00:58

Side Hustle Examples Preview 00:50

HustleVida.com Website for More Ideas Preview 01:29

Visit www.hustlevida.com

The Key Preview 00:38

Top Freelance Jobs Preview 03:27

Walk Through Handout Preview 06:44

8 Steps to Start Your Freelance Business Preview 06:00

Budgeting! Make a copy of the Google Sheet Preview 01:04

Link here: https://docs.google.com/spreadsheets/d/1XW_hACg3fNEn9sPBh94c7WFE40V8yaoLR2ZDmpY3pT0/edit#gid=2060375427

Let's get started and build your first business! Preview 11:34

Reviewing your monthly budget to actuals like a real CFO! Preview 04:18

Financing a Car 1 lectures

35 - Financing and Keeping a Car Preview 03:49

Financing a House 1 lectures

36 - Financing and Keeping a House Preview 02:12

Debt 1 lectures

37 - How to Get Rid of Debt Preview 01:34

Conclusion 1 lectures

38 - THANK YOU Preview 02:01

Bonus Section - Recession Basics! 34 lectures

Intro to Recession Basics Preview 00:50

Agenda for Today Preview 00:37

The Great Recession By the Numbers Preview 01:38

At-Will Employment Preview 01:22

What is a Recession? Preview 00:47

Recession Indicators Preview 01:49

Recessions Happen Every 6 Years Preview 01:13

What Happens During a Recession Overview Preview 00:22

Unemployment Explained Preview 01:17

Unemployment with your state is different than the calculation Preview 01:10

Check with your state's website to see if you can apply for unemployment when your hours are cut. This is very important to understand. The calculation of unemployment is for academic purposes. Actual unemployment may be paid if your hours are reduced.

Consumers Spend Less Money Preview 00:53

2 Reasons Debt is Used Preview 02:34

Key Takeaways Preview 01:40

Businesses Will Go Bankrupt Preview 01:52

Recent College Graduates Preview 02:34

Building a Capital Base Preview 00:42

Capital Base with Jenga Blocks Preview 00:57

Net Worth Explained Preview 01:20

Negative Net Worth Preview 01:01

High and Low Net Worth Preview 00:48

4 Steps to Prepare for a Recession Preview 01:08

How Society Confuses Us Preview 02:55

Side Hustles Preview 01:08

6 Months of Savings Preview 01:31

You Can Lose Your Job Tomorrow Preview 00:22

Live Below Your Means Preview 01:19

The Difference between the 2008 and 2020 Recession Preview 03:55

Steps to keeping a job during a recession Preview 01:37

Making a good impression at your job Preview 01:06

Managing a 100 hour work week Preview 01:20

Take any job you can during a recession Preview 00:55

No job is beneath you. Try to find a job as a grocery stocker during COVID-19, working at an Amazon warehouse, or Wal-Mart. Take any job that pays during a recession and grind it out.