[Udemy] Personal Finance #1 Goals, Planning, & Time Value of Money
What you’ll learn
outline private finance
set monetary objectives primarily based in your private life state of affairs
Clarify the distinction between finance, economics, and accounting
Outline time worth of cash ideas and the way they can be utilized in long-term planning
Calculate current worth utilizing a number of strategies together with Excel
Calculate future worth utilizing a number of strategies together with Excel
Calculate current worth of an annuity utilizing a number of strategies together with Excel
Calculate future worth of an annuity utilizing a number of strategies together with Excel
This course will cowl the core introductory ideas associated to private finance.
We’ll embrace many instance issues, each within the format of shows and Excel worksheet issues. The Excel worksheet shows will embrace a downloadable Excel workbook with a minimum of two tabs, one with the reply, the second with a preformatted worksheet that may be accomplished in a step-by-step course of together with the educational movies.
We’ll focus on what private finance is and what the variations between private finance, company finance, economics, and accounting are. Learners can even perceive why figuring out private finance ideas is vital.
You’ll know easy methods to set objectives utilizing a proper construction and course of primarily based in your private life conditions.
We can even cowl time worth of cash ideas, together with current worth and future worth calculations. Time worth of cash ideas will likely be vital at any time when we’re making long run plans, similar to retirement plans or a baby’s school training funding plan.
Human beings are fairly good at making the day-to-day selections, usually doing so by intuition and behavior. Nevertheless, we’re not so good at making long-term, danger verses reword, selections. Subsequently, a extra formal course of is commonly wanted for longer-term selections which might have giant impacts. Time worth of cash ideas will likely be a essential part of the long-term determination course of.
Who this course is for:
- Anyone who wish to put collectively a private monetary plan
- College students