• Post category:StudyBullet-6
  • Reading time:7 mins read


A practical guide to rebuild your mindset to improve your personal finance

What you will learn

Know your money-mindset and rebuild it for richness

Safe castle yourself from financial attacks

Identify the money leakages & stop them

Know your assets and liabilities;

Increase your net-worth; not only the earning

Invest for cashflow not only for capital gain

Use good debt and avoid bad debt

Description

It’s not money which make you rich or poor it’s your literacy, your approach, and your attitude towards money, decide your fate.

You may in any profession, earning a big salary, owning a big house, running a big car, but still, you may be financially illiterate. It may feel bad buts it’s a truth. The financial illiteracy is the reason that a large population is just one salary away from their bankruptcy.

We learn handling money by our surroundings, our family, friends and society. But the way people around us, including our parents and societies think and handle money, definitely have some issues. because if this would have not been the case such a large portion of individuals, societies, and countries must not be struggling for the money.


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How you think about money, how you approach money, who are your role models about money, you should analyze this all. you should observe how your mindset is built about money and who is responsible for building this mindset. your approach is positive or negative. when you think about money what kind of feeling it generate in your body do you feel relaxed, energetic, powerful, blessed or you feel anxiety, scarcity, misery or any other suppressed emotions.

Money is oil for life, it helps to reduce life’s friction. you may argue that money is not the most important thing in the life, I may agree but it impact all the important things of your life. It impact your health, your relationship, comfort and your emotions. when money have so much impact on almost all the important things of your life you can’t ignore education about money. You have to be literate and conscious about it. you have to analyze your mindset about money, you have to change your habits about money, you need to see who are your money teachers, did they taught you the best ways to handle it.

English
language

Content

Introduction

Course Introduction
Course Coverage

Step 1 – Know your money mindset and rebuild it for richness

Introduction
Is money important for you?
Do you criticise money?
Do you think rich are bad people?
Do you think money is cause of all evils?
Do you know your money thermostat?
How have you learnt about money?
Do you have money negative people around you?
Every penny is a seed, sow it, don’t throw it

Step 2 – Safe castle yourself from financial attacks

Introduction
Step 1 – Protection from Non-Earning
Step 2 – Protection from ill-ness
Step 3 – Protection from death
How to apply the protection?

Step 3 – Identify and stop money leakages

Introduction
Money Leakage Point 1
Money Leakage Point 2
Money Leakage Point 3
Money Leakage Point 4
Money Leakage Point 5

Step 4 – Know your assets and liabilities

Introduction
Know your assets and liabilities
Asset Liability Chart
What is role of your income?
Are you earning assets?
Asset’s Law of compounding
How to achieve financial freedom

Step 5 – Increase your net-worth; not only the earning

Introduction
Net-worth : The real richness
Net-worth growth Essentials
Net-worth growth Essentials 1 – Earning
Net-worth growth Essentials 2 – Simplification
Net-worth growth Essentials 3 – Saving
Net-worth growth Essentials 4 – Investing

Step 6 -Invest for cashflow not only for capital gain

Introduction
Cashflow vs Capital gain
Invest for the cashflow you can get today
Build cashflow for the generations
Capital rich vs cash flow rich
Buy on right time

Step 7 – Use good debt and avoid bad debt

Introduction
Change your view for Debt

Conclusion

Recap
Thanks
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