Introduction to Personal Finance Management and Wealth Building

Personal finance management deals with achieving personal financial objectives such as having enough money to fulfil short-term financial requirements, planning for retirement or investing in your child's education. It all depends on your income, spending, living needs, personal objectives and desires and devising a strategy to meet those needs while staying within your financial constraints. This course aims to help you distinguish the good advice from poor so you can make intelligent choices with your money and savings. It starts by introducing some books on money and investing that will make a massive difference in your approach to personal finance.

Next, you will discover the differences between assets and liabilities. We will discuss why cash flow is the holy grail of personal finance and why you should always strive for positive cash flow. Most people believe they understand where their money goes but tracking your income and expenses reveals a lot. The following section will teach you how to create a monthly budget. You will explore the best investment strategy, where to invest and what to avoid. The importance of starting early and the role of compound interest will be emphasised.

Is it better to pay off your loans or start investing first? This course will help you discover what you need to pay attention to and the specific questions to ask yourself before investing. Next, learn the essential and valuable terms and advice related to investment, the stock market and personal finance. Finally, we will explore the best debt repayment strategies, investment platforms and current high-interest savings accounts. So sign up for this course immediately if you are ready to learn about various trading and protection tactics and techniques and develop solid financial habits.