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Anand Shekhar,
Prasanna Tantri,
Sumanth Karlapudi,
Hemant Gupta,
and
Karan Mehta
This course aims to furnish learners with the essential knowledge necessary for comprehending financial statements, financial markets, economic dynamics, and the construction of investment portfolios.
The programme's first module serves as an introductory session, elucidating fundamental finance terminologies, and the imperative nature of financial planning. Additionally, it also offers the strategic insights into prudent management of loans and credit to evade potential debt pitfalls.
Read more
This course aims to furnish learners with the essential knowledge necessary for comprehending financial statements, financial markets, economic dynamics, and the construction of investment portfolios.
The programme's first module serves as an introductory session, elucidating fundamental finance terminologies, and the imperative nature of financial planning. Additionally, it also offers the strategic insights into prudent management of loans and credit to evade potential debt pitfalls.
Read more
This course aims to furnish learners with the essential knowledge necessary for comprehending financial statements, financial markets, economic dynamics, and the construction of investment portfolios.
The programme's first module serves as an introductory session, elucidating fundamental finance terminologies, and the imperative nature of financial planning. Additionally, it also offers the strategic insights into prudent management of loans and credit to evade potential debt pitfalls.
Subsequently, the second module delves into the pathways leading to financial independence. The third module scrutinizes on the various streams of income, exploring their diverse forms and implications.
In the fourth module, participants will acquire a comprehensive understanding of investment fundamentals, encompassing an array of investment vehicles and available avenues for deployment. Modules five and six are dedicated to elucidating the rudiments of life and health insurance, as well as strategies for effective tax planning.
At the culmination of this course, the participants develop a holistic understanding of financial planning, enabling them to navigate the intricacies of financial management with confidence and proficiency.
Who should take this course?
This program offers valuable insights to learners who are looking to explore their personal financial landscape in a systematic manner and to grasp the implications of broader economic factors such as taxation and inflation.
What do you need to know before taking this course?
While the modules related to financial independence, investing, insurance, and taxation are designed to be comprehensive, any pre-existing knowledge in these areas could enrich the learner’s experience, although it is not mandatory.
Register for this course and see more details by visiting:
OpenCourser.com/course/rgovsy/financial
What's inside
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.
Read more
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.
Read more
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.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
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
Save this course
Save Financial Planning to your list so you can find it easily later:
Save
Save
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
Show steps
Provides foundational knowledge on insurance and risk management, complementing the course's coverage of financial protection and planning.
Browse courses on
Insurance
Show steps
-
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'
Show steps
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
Show steps
-
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
Show steps
Develop a deeper understanding of the psychological factors that influence financial decisions and behaviors.
View
In This Economy?: How Money & Markets Really...
on Amazon
Show steps
-
Purchase and read the book
-
Highlight and take notes on key concepts
-
Summarize and reflect on the main takeaways
11 other activities
Expand to see all activities and additional details
Show all 14 activities
Solve 100 Financial Calculation Problems
Show steps
Reinforces the understanding of financial calculations, which are essential for effective financial planning and decision-making.
Browse courses on
Financial Calculations
Show steps
-
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
Show steps
Gain practical knowledge and insights by attending a workshop designed to improve your financial literacy.
Browse courses on
Financial Literacy
Show steps
-
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
Show steps
Engage with peers to exchange perspectives, ask questions, and learn from others' experiences in financial planning.
Browse courses on
Financial Planning
Show steps
-
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
Show steps
Familiarize yourself with the tools and platforms available to make informed investment decisions.
Browse courses on
Financial Markets
Show steps
-
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
Show steps
Reinforce your understanding of financial analysis by practicing the techniques discussed in the course.
Browse courses on
Financial Statement Analysis
Show steps
-
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
Show steps
Allows learners to apply the principles covered in the course by developing a personalized financial plan, promoting practical implementation of skills.
Browse courses on
Financial Planning
Show steps
-
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
Show steps
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
Show steps
-
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
Show steps
Apply the concepts of investment and portfolio management by creating a personalized plan for your financial goals.
Browse courses on
Investment Portfolio
Show steps
-
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
Show steps
Apply the knowledge and skills acquired in the course to create a comprehensive roadmap for your financial future.
Show steps
-
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
Show steps
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
Show steps
-
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
Show steps
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
Show steps
-
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.
Watch Video Tutorials on Insurance and Risk Management
Show steps
Provides foundational knowledge on insurance and risk management, complementing the course's coverage of financial protection and planning.
Browse courses on
Insurance
Show steps
Show steps
Show steps
- 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'
Show steps
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
Show steps
Show steps
Show steps
- 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
Show steps
Develop a deeper understanding of the psychological factors that influence financial decisions and behaviors.
View
In This Economy?: How Money & Markets Really...
on Amazon
Show steps
Show steps
Show steps
- Purchase and read the book
- Highlight and take notes on key concepts
- Summarize and reflect on the main takeaways
11 other activities
Expand to see all activities and additional details
Show all 14 activities
Solve 100 Financial Calculation Problems
Show steps
Reinforces the understanding of financial calculations, which are essential for effective financial planning and decision-making.
Browse courses on
Financial Calculations
Show steps
Show steps
Show steps
- 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
Show steps
Gain practical knowledge and insights by attending a workshop designed to improve your financial literacy.
Browse courses on
Financial Literacy
Show steps
Show steps
Show steps
- 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
Show steps
Engage with peers to exchange perspectives, ask questions, and learn from others' experiences in financial planning.
Browse courses on
Financial Planning
Show steps
Show steps
Show steps
- 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
Show steps
Familiarize yourself with the tools and platforms available to make informed investment decisions.
Browse courses on
Financial Markets
Show steps
Show steps
Show steps
- 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
Show steps
Reinforce your understanding of financial analysis by practicing the techniques discussed in the course.
Browse courses on
Financial Statement Analysis
Show steps
Show steps
Show steps
- 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
Show steps
Allows learners to apply the principles covered in the course by developing a personalized financial plan, promoting practical implementation of skills.
Browse courses on
Financial Planning
Show steps
Show steps
Show steps
- 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
Show steps
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
Show steps
Show steps
Show steps
- 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
Show steps
Apply the concepts of investment and portfolio management by creating a personalized plan for your financial goals.
Browse courses on
Investment Portfolio
Show steps
Show steps
Show steps
- 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
Show steps
Apply the knowledge and skills acquired in the course to create a comprehensive roadmap for your financial future.
Show steps
Show steps
Show steps
- 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
Show steps
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
Show steps
Show steps
Show steps
- 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
Show steps
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
Show steps
Show steps
Show steps
- 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.
Career center
Learners who complete Financial Planning will develop knowledge and skills
that may be useful to these careers:
For more career information including salaries, visit:
OpenCourser.com/course/rgovsy/financial
Reading list
We haven't picked any books for this reading list yet.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/rgovsy/financial
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Effort
6 weeks of study, 4-5 hours/week
Level
Introductory
Via
Coursera
Institution
Indian School of Business
Instructors
Anand Shekhar
Prasanna Tantri
Sumanth Karlapudi
Hemant Gupta
Karan Mehta
Session
August 12, 2024
- September 30, 2024
Language
English
Good to know
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
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