Description
What you'll learn
- Define the scope of personal financial planning and understand its impact
- Utilize the SMART financial planning method
- Make progress toward your financial goals and avoid common mistakes
- Evaluate the services of financial planning professionals
- Classify assets and liabilities
- Use a formula to determine net worth
- Prepare and use financial statements, including budgets
- Account for rates of return and opportunity cost
- Determine the present value of single and multiple cash flows
- Review taxation basics including filing, deductions, exemptions, credits, and audits
- Understand options to defer or avoid taxes legally and responsibly
- Get ahead in a low interest rate environment
- Deepen your understanding of how money impacts your personal satisfaction