Financial literacy

CinFL 6 Financial Planning (S-416-CinFL)


Description
Note: You need to register "CinFL 0 Enroll" first.
This course will cover topics such as
- What is the three-step planning method
- What does a comprehensive financial plan include
- What is included in estate planning
- What is life cycle planning
Content
  • Overview
  • Section 1: Three-Step Planning Method and Examples
  • Three-Step Planning method and examples
  • Three-Step Planning method
  • How to manage with a roommate
  • How to deal with the financial matters of a significant other
  • What to do before signing a lease
  • Section 2: A Comprehensive Financial Plan
  • Comprehensive financial plan
  • Planning components and factors
  • Wealth-accumulation goals
  • Wealth and net worth
  • Ways to acquire wealth
  • Section 3: Professional financial help
  • Professional financial help
  • Selecting a professional adviser
  • The attorney’s role
  • A financial planner
  • A tax adviser plus an accountant
  • Section 4: The Cash-Management Plan
  • The Cash-Management Plan
  • Monthly income – cash inflow
  • Monthly expenses – outflow to various payments
  • Monthly Expenses — Variable Expenses
  • Monthly expenses – fixed expenses
  • Comparative monthly cash-flow statement
  • Exercises
  • Section 5: Investment and Insurance Plan
  • Investment and Insurance Plan
  • The role investing plays in financial planning
  • Active versus passive investing strategies
  • Insurance plan
  • Section 6: Education Plan and Retirement Plan
  • Education Plan and Retirement Plan
  • Education plan
  • Retirement plan
  • Section 7: Net-Worth Statement
  • Net-Worth statement
  • Assets
  • Liabilities
  • Exercises
  • Section 8: Estate Planning
  • Estate Planning
  • A will
  • Trust
  • Estate plan
  • Section 9: Planning Through the Life Cycle
  • Planning through your life cycle
  • Phases of a life cycle
  • The early years
  • Maturing phase
  • Retirement stage
  • Gifting and estate phase
  • Summary and Final Exam
  • Key aptitudes
  • Concepts
  • Financial Planning Test
Completion rules
  • You must complete the test "Financial Planning Test"
  • Leads to a certification with a duration: 1 year
Prerequisites