6 PERSONAL FINANCE COURSES and CERTIFICATIONS

my favorite quote about finance is that finance is the study of time the study of time think about it this is a very high brow concept that i certainly didn't think about that when i this is 20 years ago i got an internship at jpmorgan in london i walked onto the trading floor and i kind of immediately was attracted to that noise the energy the mysterious flow of money around me that i certainly didn't understand at the time but over time whenever i explained to somebody why i liked finance it was simply a very simple almost childish concept and the fact that you can put money somewhere do nothing and then when you come later on there is more provided you make the right financial decisions and this is the biggest issue for me that nobody's really teaching this at school right whether it's high school or college we don't get taught personal finance decisions nobody's explaining whether you should rent versus buy what a credit score means and how that influences your life and your personal choices down the line how you should save how you should invest what retirement accounts you should be setting up even though this may be 40 years down the line whatever you do in your 20s when it comes to your retirement accounts really influences in a big way your outcomes when you're 50 or 60 because of the compounding effect so all of these things nobody's really explaining at school and so today i want to talk about personal finance courses you know luckily uh in this day and age everything is online and there are some amazing personal finance courses that will give you this knowledge whether you know nobody taught you this at school or your parents didn't have time or or didn't know how to explain this to you and you're kind of trying to pick up all this knowledge along the way there are tools out there so today i want to talk about six online courses that are around personal finance and it will give you the key to understanding this intersection between time value and money and how that ultimately creates better outcomes for you [Music] all right six courses around personal finance they're all very different so i almost want to recommend try to take two out of the six to have a much more comprehensive experience they're all online at your own pace they offer you that shareable certificate if you want to put it on your linkedin profile on your resume and all the links to the courses that i'm gonna talk about today are below the video so you can review them in your own time all right let's do it the first course i want to talk about is the fundamentals of personal finance specialization and this course is offered by sofi if you don't know so far so far is a personal finance company out of california that started many years ago in student loans how you know was helping students restructure uh their loans and and make better decisions around that but over time expanded into many other areas in personal finance and in fact yesterday they got approval by the federal reserve board to become a bank so that's really opening a whole set of new avenues for sofi this is a this is one of the leading fintechs in the united states and i'm a huge fan of this company and so back to this course because it's designed by a personal finance company and not just by some university this is a very practical course it's designed and taught by financial planners so people that really do financial planning for a living so they focus on savings stuff like credit scores budgeting taxes the effects of compounding savings for things like buying a home retirement kits uh debt is a separate chapter here so you know this is a really huge topic how to use that as a tool for you and not be a slave to that so they really teach you how to how to use that in a smart way and finally the last part is dedicated to investments and risk management so concepts like the risk tolerance diversification active or suspensive investments type of insurance that can protect you in life so again very practical course you can do this at your own pace takes about 40 hours gives you that shareable certificate at the end that you can put on your linkedin profile and kind of demonstrate that you have taken a course by a leading institution in the fintech industry around personal finance so a really great course to take the second course i want to talk about is the financial planning for young adults and this course is designed by the university of illinois in partnership with the cfp board and the cfp board is the certified financial planner board which is a non-profit that in the united states governs a lot of the standards around financial planning so this is a great partnership that uh designed this course and although it's called financial planning for young adults this is by no means just for young people this really is a course for anybody and more than 100 000 people already took this course when you look at the reviews on the website you'll see that this is a very very valuable course now it's designed around a series of videos where the course designers discuss life situations around personal finance and encourage you to make decisions that you would take if faced with similar situations it's designed around eight different core modules which are setting financial goals budgeting and cash flow management saving strategies time value of money again time value of money this is really the crucial the most important concept around finance around personal finance decisions understanding the time value of money how compounding really helps you then borrowing and credit investing risk management and financial planning is a career so again a great course 100 online at your own pace takes about 20 hours to complete and also offers you that shareable certificate you can put on your linkedin profile or on your resume course number three is still the finest for everyone's specialization and it's stored by the mcmaster university now this course is really taught by a very engaging professor when you kind of see a clip of him there's a short video online where he explains what this course is really about it's like a two or three minute video um you'll see how engaging this professor is and uh specifically this course evolves around five modules where you talk about financial decisions financial markets the concept of value and debt and you conclude by a capstone project so it's really offering kind of a both a theoretical kind of a concept around finance the creative destruction around finance the architecture of global money global flows of money but also very hands-on personal finance decisions where you talk about that how you can use that to your advantage really teaches you the stuff that we talked about at the beginning of this video that the stuff that nobody's nobody's taught us at school whether it was high school or college the whole set of personal finance decisions that help you in your future kind of set you up right from the start to make good decisions for your future and for your family again this is all 100 online at your own pace about 40 to 50 hours uh offering that same shareable certificate that you can put on your resume or your linkedin profile course number four is called the professional certificate in personal finance and it's offered by the kelly school of business at the indiana university now we're shifting gears here a little bit this course and the next one so the next two courses i'm going to talk about they're offered on the edx platform and the edits platform is one of my favorite open source um kind of courses platforms that exist and this one so the edx platform is a joint venture between mit and harvard so any of the courses that you find on the edx platform typically are you know really high value courses this is almost like a degree in personal finance and this course is no different right and here you really get what you pay for this course is around 500 so by far the most expensive course that i'm talking about today but if personal finance is kind of a career that you may be heading into or you're really interested in having a super deep dive and understanding of personal finance issues this is the right course for you now it's built around three different modules the first one is the introduction to personal finance planning where you learn everything around income statements balance sheets budgeting taxes financial planning interest rates kind of really lays the groundwork for real financial personal finance literacy that you then build on the second module is called managing personal cash and credit uh where this is everything around consumer credit so you learn uh how your credit score is influence uh the five c's of credit used to evaluate your credit worthiness how to improve your credit score how to refinance understand credit cards whether a line of credit is uh right for you so everything around consumer credit and finally the third module is called the planning for risk and retirement and this is a subject that's very often neglected especially by people in their 20s right young people i remember when i was 20 25 when i started working i didn't care about retirement i was like why would i be saving for something that's 40 years down the line who knows if i'm going to be alive i can use the money now and 10 15 years later you'll realize how important these years are for your retirement how you're leaving so much money on the table by foregoing that compounding effect that you take advantage of if you start saving early if you set up your retirement accounts and even if you put just a little bit of money in there that compounding effect is huge so here you learn about evaluating investment products your tolerance for risk how to build an investment mindset everything around insurance policies um how you calculate uh your retirement income and kind of how much you're going to need for your retirement so this is an important topic that is like i said very often neglected uh and uh it's a huge mistake to neglect setting up your retirement accounts and saving for retirement even if you're just 20 23 25 you want to buy this sports car it's a huge mistake so again this platform i really love the edx platform um self-paced um 50 60 hours to complete shareable certificate at the end especially if this is a career that you're heading to i cannot recommend this course enough course number five is called finance for everyone and it's offered by the ross school of business at the university of michigan now this course also is on the edx platform and i think i've said enough about the edx platform i think this is like i said amazing value for any courses that are offered on this platform and this one is no exception um this one is much more for the beginner in finance for people that are only getting familiar and familiarized with the concepts of the time value of money how money can work for you how debt is used how to make good decisions around stocks and bonds how to allocate money and make the right financial decisions um around your personal life and how to create better life for yourself and using finance to do that but uh the course is taught by a very very engaging professor that i believe originally is from india and he talks about how his parents spent 60 of their income to send him and his brother to schools because they knew that education was really the best investment for their children and he kind of talks about how he then started in finance and learned finance and how finance really improved his life and it's much more specific kind of specific kind of decisions around live decisions whether you know you should go to college versus working on an idea and creating a business whether you should be renting versus buying how to uh kind of make decisions around credit cards much more kind of a real life type of situations versus you know more theoretical concepts but again a very engaging course that is much more designed for the beginner uh people that are only getting into finance than for the specialist that's really looking for the deep dive um here again everything's online uh it's completely free unless you want to have a share of a certificate i believe that's 49 to kind of have that verified track but a free education here that's offered by an amazing professor on the edx platform finally the last course i want to talk about today is very simply called financial markets it's offered by yale and it's started by robert schiller so if you don't know robert schiller look him up this is an absolute legend in the world of economics in the world of finance you have yell right as a huge brand recognition and more than a million people already took this course and look i talked about this in the very beginning if uh you're looking at these personal finance courses you should take two out of six uh you really should do more than one and i think the second one of the two that you would be taking would be this financial markets course because really gives you a very wide spectrum of knowledge you learn about behavioral finance about past bubbles and recessions how to value stocks and bonds how financial markets work the role of inflation how investment banking works the various participants right that kind of are making up the financial uh market spectrum from hedge funds pension funds invest in banks wealth management firms you learn about non-profits you learn about regulation you learn about how to build a career in finance if this is what you want to do so this is a great course extremely well designed taught by a master of finance and economics that i think should be a must for anybody that's kind of interested in finance and this is offered on the coursera platform very easily accessible very affordable again an absolute must of a course here all right so much for six really good courses on personal finance in fact i can't believe it took me this long uh on this channel to put something like this together because in a way this channel is about investing about personal finance how to make smart decisions around your money and uh you know personal finance and these decisions this is really with you for the rest of your life right the moment you start making money until the day you die you're making personal finance decisions you're making decisions about how to save how to spend how to borrow how to invest and how to give money away to your children and that's all what personal finance is and so you owe it to yourself you owe it to your family to understand these issues and these courses should really help you do just that all right this is the beginning of 2022 or mid-january um i always have things that i kind of plan out for the rest of the year obviously there's much more content coming on this channel but i also encourage you to do something for yourself go take a course learn something new about finance do something beneficial for you and your family alright thanks for hanging out today with me go take a course and i'll see you soon in a future video

Channel: Martin Zeman

Views: 2,975

Keywords: fintech courses, fintech explained, best personal finance courses, best personal finance certifications, how to invest your own money, how to save more, how to earn more, how to set up retirement accounts, ira versus roth ira, saving for retirement, make better personal finance decisions, learn personal finance, how to reduce debt, understanding credit scores, how to lower my credit score, which credit card is best, best financial goals, manage my debt, how to borrow money

Id: wTKXz19s6WQ

Length: 14min 12sec (852 seconds)

Published: Fri Jan 21 2022