You will be shown how to set your goals and how to achieve those goals using an established, working savings plan.
You will then learn the basic skills to get you started on building your wealth and then you will be shown the common mistakes people make with managing their money.
What will I learn?
The difference between lifestyle goals and financial goals
How the two are interconnected
How to construct a savings plan using your income and your expenses
How to use that savings plan to achieve your financial goals
The basics steps to starting to invest
The 10% rule
The difference between savings and investments
The basic risks involved with debt
How compound interest works
You will be introduced to three forms of investment or asset classes
How to identify and avoid financial scams
How to avoid some of the common mistakes people make with their finances
This course requires approximately 2 - 4 hours of study per week, but can vary depending on the student. This includes watching videos, and taking quizzes and assessments.
If you pass this course you'll receive a Certificate of Achievement. While this certificate isn't a formal qualification or credit, you can use it to demonstrate your interest in learning about this area to potential employers or educational institutions.
Where could this lead me?
If you're wondering what your future could look like in this area, here are some potential careers you could head towards.
MOOCs stand for Massive Open Online Courses. These arefree online courses from universities around the world (eg. StanfordHarvardMIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you. They also have student discussion forums, homework/assignments, and online quizzes or exams.
Ryan Bowencompleted this course, spending 2 hours a week on it and found the course difficulty to be easy.
This class is great for a very basic introduction to Financial Literacy. It gives you the framework from which to build a financial plan for your life including learning how to save, how to create a budget, and how to invest. It is not a very in depth course, which is the only downfall to it, and it only takes probably an hour an a half for each week of work. But Professor Mordaunt is concise and at times entertaining.
Emma Abbottaudited this course, spending 2 hours a week on it and found the course difficulty to be easy.
This is a great course on the basics of everyday financial planning. I audited this course as I didn't really need the certificate but I really enjoyed it - I learnt a good deal about goal setting and getting a financial plan in place. Take it!