Financial Planning from Coursera

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Syllabus

Welcome to Financial Planning

The program is tailored for individuals aiming to enhance and solidify their foundational knowledge in financial planning, financial markets, and investment products. Comprising six modules, the program guides learners through essential concepts such as the importance of financial planning, principles of saving, achieving financial freedom, and exploring diverse income sources. Additionally, participants gain valuable insights into various investment products, the significance of insurance, and strategies for effective tax management. The course empowers the learners with necessary knowledge and skills using financial tools and the strategies that can help them take charge of their finances and make well-informed decisions.

Introduction to Financial Planning and Financial Terms

In this foundational module, participants will embark on a journey to grasp the fundamentals of financial planning and essential financial terminology. This module serves as a cornerstone, providing learners with crucial foundational knowledge necessary for progression. Additionally, this module will offer detailed insights into the mechanisms of loans and credit cards, fostering a nuanced understanding of their roles within personal finance management.

Roadmap to Financial Independence

In this second module, participants will delve into the concept of financial independence and its critical importance within the realm of personal finance. The module will provide an in-depth exploration of the distinct levels of financial independence and their implications for achieving financial security. Additionally, learners will gain knowledge about the four key pillars of net worth and their indispensable role in the pursuit of financial independence. Furthermore, principles related to active income, strategies for income growth, and the optimization of tax efficiency will be examined, equipping participants with essential insights into building sustainable financial autonomy.

Sources of Income

In the third module, participants will explore the various sources of income, distinguishing between active and passive income streams and understanding their pivotal role in ensuring financial security. Additionally, learners will delve into the historical evolution of currency, tracing its transition from barter systems to the emergence of diverse forms of currency, including fiat money and digital currencies.

Types of Investment Vehicles and Avenues to Investing

In this module, participants will delve into an extensive array of investment vehicles, exploring the role of diversification and analyzing the advantages and disadvantages inherent in each option, including mutual funds and bonds. Furthermore, the module offers comprehensive insights into prominent investment instruments such as the National Pension Scheme and Provident Funds, as well as into the dynamics of Angel Investors and Venture Capitalists within the investment landscape.

Understanding Life and Health Insurance

This module provides a comprehensive exploration of life and health insurance, addressing ideal coverage, policy types, and premium payment options. Participants will learn strategies to avoid claim rejection and criteria for selecting the most suitable insurance company. By the conclusion, they will be empowered to make informed decisions ensuring comprehensive financial security through insurance.

Tax Planning

The final module offers a comprehensive examination of taxes, tax planning, and the intricate Indian tax system. Participants will delve into fundamental tax concepts, appreciate the strategic importance of tax planning, and scrutinize both the old and new tax regimes. Moreover, the course will elucidate the significance of meticulous tax return filing, providing learners with practical insights into the intricacies of Income Tax Return (ITR) submission.

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Covers personal finance concepts, which is a fundamental requirement in financial planning

Demonstrates a comprehensive understanding of financial planning principles

Taught by experienced instructors (Anand Shekhar, Prasanna Tantri, Sumanth Karlapudi, Hemant Gupta, Karan Mehta) with significant expertise in the field

Teaches the fundamentals of financial planning, providing learners with a strong foundation

Covers financial markets, investment strategies, and financial management techniques

Discusses the nuances of life and health insurance, a crucial aspect of financial planning

Introduces the concept of financial independence and strategies to achieve it

Examines different sources of income, empowering learners to diversify their financial portfolio

Explores a range of investment options, helping learners make informed decisions about their investments

Provides insights into tax planning strategies, enabling learners to optimize their financial situation

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Financial Planning with these activities:

Watch Video Tutorials on Insurance and Risk Management

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Provides foundational knowledge on insurance and risk management, complementing the course's coverage of financial protection and planning.

Browse courses on Insurance

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Identify reputable sources offering video tutorials on insurance and risk management.
Watch the tutorials and take notes on key concepts, types of insurance, and strategies for risk mitigation.

Read 'Rich Dad Poor Dad'

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Provides insights into the importance of financial education and asset building, which aligns with the course's focus on financial planning and investment strategies.

View CASHFLOW Quadrant on Amazon

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Start by reading Chapter 1 and take notes on the key concepts introduced.
Finish reading the book and summarize the main takeaways from each chapter.

Read "The Psychology of Money" by Morgan Housel

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Develop a deeper understanding of the psychological factors that influence financial decisions and behaviors.

View In This Economy?: How Money & Markets Really... on Amazon

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Purchase and read the book
Highlight and take notes on key concepts
Summarize and reflect on the main takeaways

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Solve 100 Financial Calculation Problems

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Reinforces the understanding of financial calculations, which are essential for effective financial planning and decision-making.

Browse courses on Financial Calculations

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Find a set of practice problems covering various financial calculations, such as compound interest, time value of money, and loan payments.
Solve the problems and check your answers to identify areas where you need additional practice.

Attend a Financial Literacy Workshop

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Gain practical knowledge and insights by attending a workshop designed to improve your financial literacy.

Browse courses on Financial Literacy

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Identify and register for a relevant workshop
Actively participate in the workshop sessions
Ask questions to enhance your understanding
Implement the strategies and techniques learned

Join a Financial Planning Discussion Group

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Engage with peers to exchange perspectives, ask questions, and learn from others' experiences in financial planning.

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Identify and join a discussion group or online forum
Actively participate in discussions and share your insights
Seek advice and support from the group members
Contribute to the community by providing your own knowledge and expertise

Explore Investment Platforms and Tools

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Familiarize yourself with the tools and platforms available to make informed investment decisions.

Browse courses on Financial Markets

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Research and compare different investment platforms
Set up accounts and explore their features
Utilize charting and technical analysis tools
Review available research and analysis resources

Practice Financial Statement Analysis

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Reinforce your understanding of financial analysis by practicing the techniques discussed in the course.

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Gather financial statements for different companies
Analyze income statements, balance sheets, and cash flow statements
Calculate financial ratios and metrics
Identify trends and patterns in the financial data

Create a Personal Financial Plan

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Allows learners to apply the principles covered in the course by developing a personalized financial plan, promoting practical implementation of skills.

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Gather your financial documents, including income statements, expense records, and investment summaries.
Assess your current financial situation by analyzing your income, expenses, and assets.
Set financial goals, considering both short-term and long-term objectives.
Develop a budget and savings plan to optimize your financial resources.
Monitor your progress and make adjustments as needed to ensure you stay on track towards your goals

Attend a Financial Planning Workshop

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Provides an immersive learning experience through interaction with financial experts and the opportunity to ask questions and gain practical insights.

Browse courses on Financial Planning

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Research and identify a reputable financial planning workshop aligned with your interests and learning goals.
Attend the workshop and actively participate in discussions and Q&A sessions.
Follow up with the workshop organizers or speakers to clarify any questions or seek further guidance.

Develop an Investment Portfolio Plan

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Apply the concepts of investment and portfolio management by creating a personalized plan for your financial goals.

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Define your financial goals and objectives
Research and select investment vehicles aligned with your goals
Determine your risk tolerance and investment horizon
Allocate assets and diversify your portfolio
Monitor and adjust your portfolio regularly

Develop a Personal Financial Plan

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Apply the knowledge and skills acquired in the course to create a comprehensive roadmap for your financial future.

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Set specific and achievable financial goals
Analyze your current financial situation
Create a budget and plan for income and expenses
Develop a strategy for debt management and saving
Review and adjust your plan regularly

Write an Article on Tax Planning Strategies

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Encourages learners to delve into the intricacies of tax planning, reinforcing their understanding of the topic covered in the course.

Browse courses on Tax Planning

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Research various tax planning strategies, including deductions, exemptions, and retirement savings.
Analyze the potential impact of each strategy on your tax liability.
Write a comprehensive article outlining your findings and recommendations.

Develop an Investment Portfolio Proposal

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Provides an opportunity for learners to apply their knowledge of investment principles and strategies by creating a comprehensive investment portfolio proposal.

Browse courses on Investing

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Research different investment options, including stocks, bonds, and mutual funds.
Determine your investment objectives, risk tolerance, and time horizon.
Develop a diversified portfolio that aligns with your financial goals.
Create a formal proposal outlining your investment strategy and projected returns.

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Learners who complete Financial Planning will develop knowledge and skills that may be useful to these careers:

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Financial Planning

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