Master Personal Finance with Excel

Let me begin by asking a few simple questions...

• Have you ever received many credit card offers and wondered which ones to go for?
• Have you ever wondered why some people are so rich?
• Have you ever felt confused when an investment product was explained to you?
• Have you ever thought about how to plan your expenditures and cash flows?
• Have you ever had someone talking about retirement savings and you were stressed out?
• Have you ever been out of money?
• Have you been utterly confused with the personal finance jargon or terms?
• Have you ever dreamed of having financial abundance?
• Have you ever felt the urge to be your own personal financial planner?
• Have you ever wondered why my value of money is going down or things are becoming expensive?
• Have you ever thought of consulting an Investment Psychologist (Personal Finance Planner) but couldn't afford their fees?
• Have you ever thought to be Financially Independent?
• Have you ever thought about why loan/credit is so expensive/costly?
• Have you ever had difficulty understanding the math behind personal finance?

If your answer to most of the above questions is YES! Then this is the Course for you!

Why Personal Finance is so difficult?

• Schools don't Teach you to Manage your Money!
• 9 out of 10 people think that Financial Goals seem impossible to reach, Understanding Money is So HARD, Spending Today is Good (tons of Debt), Investing is TOUGH, Always out of Budget, Don't know how to get rid of financial hardship (stress), Confused with choices.
• No one is told about the Power of Compounding
• No one taught us to manage our expenses
• No one taught us the math of personal finance - The RIGHT & EASY way!
• No one taught us to Do-it-Yourself of Personal Finance and Investing

You'll learn in this course:

Section I: Personal Finance Foundations

1. Setting Financial Goals:
   • Short-Term, Mid-Term, and Long-Term Goals.
   • Example of SMART Goals.
   • Life Cycle Stages & Financial Milestones.
   • Exercise: Calculate Your Net Worth.
2. Budgeting & Cash Flow Management:
   • Positive and Negative Impacts on Financial Health.
   • Exercise: Calculate & Plan Monthly Expenses.
   • How to Design a Household Budget.
   • Is Credit Card Interest Worth It?
   • Why You Spend More Than Planned.
   • Cash Flow Planning:
     • The 20% Rule for Savings.
     • Rule of 6 for Emergency Funds.
     • Exercise: Create a Cash Flow Plan.
3. Banking Decisions:
   • Deciding Which Bank is Best for You.
   • What Happens When a Bank Fails?

Section II: Rules of Personal Finance (Simple Math Principles)

Understanding Growth:

• Rule of 72 (Doubling).
• Rule of 115 (Tripling).
• Rule of 144 (Quadrupling).
• Rule of 69 for Continuous Compound Interest.
• Savings Rules:
  • Rule of 15 for Retirement.
  • The 8x Salary Rule for Financial Security.

Section III: Behavioral Finance & Investing Psychology

Core Principles:

• 2 Key Rules for Financial Success.
• Why Financial Behavior Differs Among Individuals.
• Key Behavioral Biases:
  • Overconfidence
  • Anchoring
  • Loss Aversion
  • Familiarity Bias
  • Herding
• Managing Behavioral Traps:
  • Information Overload & Its Impact.
  • 9 Tactics for Better Behavioral Finance Decisions.

Section IV: Risk Profiling & Asset Allocation

Risk Profiles:

• Risk Tolerance Based on Age.
• Risk Profiling Based on Financial Situation.

Asset Allocation Strategies:

• Balancing Risk vs. Return.
• Understanding the Risk Tolerance Matrix.

Section V: Investment Foundations & Products

Key Concepts of Investing:

• Savings vs. Investments.
• APR, Returns, Inflation, and Risk.
• Power of Compounding.

• Investment Products Overview:

  • Stocks, Bonds, Mutual Funds, ETFs.
  • Precious Metals: Gold, Silver, etc.
  • Small Savings Schemes (PPF, NSC).
  • Insurance (Life & General).
  • Alternative Investments (Private Equity, Cryptocurrency).

• Investing in Stocks:

  • How to Identify the Right Stocks.
  • Key Ratios: P/E, Debt-to-Equity, ROE.

• Mutual Funds:

  • Key Concepts: NAV, Loads, SIP, STP.
  • 12 Benefits of SIP Investing.

• Real Estate Investing:

  • Benefits & Costs of Real Estate.
  • 7 Types of Real Estate & 13 Mistakes to Avoid.

• Bonds & ETFs:

  • Different Types of Bonds & Their Risks.
  • Benefits & Risks of Investing in ETFs.

• Cryptocurrency Investing:

  • Types & Key Tips for Investing Safely in Cryptocurrencies.

Section VI: Financial Planning & Robo-Advisory

• Do You Need a Financial Planner?
• Introduction to Robo-Advisory:
  • Top Robo-Advisors and Their Features.

Section VII: Goal-Based Financial Planning

• Specific Goal Planning:
  • Saving for Education, Dream Home, Retirement.
• Time Value of Money:
  • Concepts of Present Value (PV), Future Value (FV), Annuity, and Annuity Due.
  • Practical Exercises: Calculating PV & FV for Personal Goals.

Section VIII: Credit Facilities

• Understanding Loans:

  • Home Loans, Car Loans, Personal Loans, Education Loans.
  • Credit Cards: Is It Worth It?

• Key Financial Rules:

  • Rule of 30% (Limit on Housing Expenses).
  • Rule of 2% (Savings Rate).

• Credit Card Pitfalls:

  • 6 Deadly Mistakes with Credit Cards.
  • 10 Ways to Avoid Defaulting.

Section IX: Become a Master Expense Planner

• Expense Management:
  • 15 Things to Stop Spending On.
  • Exercise: 122 Ways to Optimize Your Expenses.

Section X: Credit Rating, Credit Score, & Credit Report

• Overview of Credit Scores:

  • Credit Score Range & What It Means.
  • Role of Credit Bureaus.
  • Importance of a Good Credit Score.
  • Exercise: How to Legally Get Your Credit Report.

• Repairing Your Credit:

  • 7 Effective Ways to Improve Your Credit History.
  • Strategies to Control Credit Usage.

Section XI: Financial Apps & Pro Tips

• Top Financial Apps:

  • Android & iOS Tools for Personal Finance Management.

• 10 Pro Tips for Memorizing Key Financial Concepts.

IMPORTANT:

EXCEL Course Project:

Note: Ms-Excel (Microsoft Excel) 2007 or above is recommended (Windows / Mac) for the projects.

Please use the Mac Version for Mac PC/Laptop & Windows Version for Windows PC/Laptop(win7 and above recommended).

There are multiple class projects which are included in the exercise demo. Please download only one exercise at a time (this will help you to understand and practice one concept at a time).

Exercise - 1: Understand your Net Worth – Excel Exercise

Exercise - 2: Calculate & Plan Expenses – Excel Exercise

Exercise - 3: Design your own household budget – Excel Exercise

Exercise - 4: Cash Flow Planning –  Excel Exercise

Exercise - 5: Learn various rules of personal finance - try it out! (No exercise file - please refer demos)

Exercise - 6: Time Value / Specific goal planning  – Excel Exercise

Exercise - 7: Magical Rock Star Expense Planner (Power to you!)  – Excel Exercise

Disclaimer:The information provided in this course should not be used as financial advise or recommendation, neither it should be viewed as a financial promotional or affiliation tool or advertisement nor it supports or endorse any tools or company illustrated throughout the course, should not be substituted for consulting a financial advisor, planner or allied professional in the applicable jurisdictions. This course outline the broad road map to manage your personal finance. The author or Tutorialspoint disclaim the liability or any damage, risk, loss or obligations incurred directly or indirectly. The situation is dynamic and can change anytime due to various factors. The  author is directly or indirectly or otherwise is not under obligation, risk or liability due to use of information given in this course.