Transform and Master your Personal Finance



 

Transform and Master your Personal Finance
Tues 7.00 - 9.00 
8 weeks
Price: €120
 

COURSE: TRANSFORM YOUR FINANCES & MASTER PERSONAL FINANCE

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BRIEF OUTLINE OF COURSE:


TO GIVE STUDENTS AN UNDERSTANDING OF THE AREAS THAT THEY NEED TO ADDRESS AND FOCUS ON TRANSFORMING AND GROWING THEIR WEALTH



GENERAL TOPICS TO BE COVERED EACH WEEK:


WEEK 1: PERSONAL EVALUATION & FINANCIAL GOALS:


What do you hope to get out of the course?

Establish one’s current position and Create a Net Assets Statement.

What are your Personal Finance Goals? List 3

Establish timelines/deadlines for above goals.

Explain the debt to wealth cycle: debt – saving – investing.

Need 3 Skillsets: Sales skills, Financial skills and Negotiation skills.

The keys to Wealth Creation

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WEEK 2: BANK, BORROWING AND DEBT ISSUES:


Identify true cost of borrowing & APR’s.

Explain mortgages and how to minimise.

Explain credit card debt and how to minimise.

Explain Personal Loans + moneylenders.

Goal: Pay off highest debt cost first

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WEEK 3: REDUCE OUR COSTS  (Financial skills)


Identify our weekly Big 5 costs

How can we reduce them

Review all bills: examine quantity and price

Working Examples: Food, Motoring, Energy/Utilities

Explain Insurances and the different types.

Consider switching tactics.

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WEEK 4: INCREASING OUR INCOME AND OUR REVENUES (Sales skills)


Develop multiple streams of income.

Develop a side business

Become a consultant.

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WEEK 5: SAVING AND INVESTING


Set up different bank accounts

Set up a rainy day fund

Explain different pensions and goal is to Start a Pension.

Understanding Compound Interest and its secret


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WEEK 6: REDUCE OUR TAXES


Understand PAYE system

Claim all our allowances

Complete Med 1 Return



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WEEK 7: BUY BETTER AND SECRETS OF NEGOTATION (Negotiation skills)


Consider + procrastinate large purchases

Seek and obtain discounts

Profit is made in the purchasing


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WEEK 8: TRICKS/SECRETS OF THE WEALTHY


PYF

Start a Business/Side Business or be a consultant/expert

Property Secrets

Buy Assets not Liabilities

Develop passive income streams

Monthly update of Net Assets Statement


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Notepad is required

No extra expenses




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