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Build Your Financial Literacy

Build Your Financial Literacy

1h 9mBeginner2021-08-11

Authors

Madecraft

Madecraft

Full-Service Learning Content Company

Cassandra Reed

Cassandra Reed

Wealth Management Advisor - FADP at Merrill Lynch

Course details

If you’ve ever felt confused by financial decisions you needed to make, or financial documents that you needed to read, this course is for you. Finances are important, but the jargon can be overwhelming. In this course, finance expert Cassandra Reed walks you through dozens of common financial terms. Cassandra shows you how to use these terms comfortably, recognize them in documents, and use them to make smarter financial decisions. She covers calculating your net worth, navigating your personal bank accounts, and making informed choices about investing. Cassandra explains how to identify the differences between common retirement accounts, such as IRA’s and 401(k)’s. Finally, if you’re a small business owner, this course offers you a solid foundation in the documents and terms you need to know to ensure you’re staying profitable. No matter how early you are in your financial journey, this course can help.

Skills covered

Corporate FinanceFinance and AccountingLimited Series

Concepts

0. Introduction

  • 01 - The basics of financial literacy

1. Banking and Credit Terms

  • 02 - Compound interest
  • 03 - ACH transfer
  • 04 - Minimum balance
  • 05 - Net worth
  • 06 - Overdraft
  • 07 - Interest rate
  • 08 - FICO score

2. Investing Terms

  • 09 - Asset allocation
  • 10 - Cash
  • 11 - Stocks vs. bonds
  • 12 - Diversification and rebalancing
  • 13 - Volatility and inflation
  • 14 - Capital gains and capital losses

3. Stock Market Terms

  • 15 - Price-earnings ratio vs. expense ratio
  • 16 - Prospectus
  • 17 - Mutual funds and REITs
  • 18 - Exchange-traded, index, and target-date funds

4. Retirement Terms

  • 19 - Traditional IRA vs. Roth IRA
  • 20 - 401(k) plans

5. Tax Terms

  • 21 - Tax credits
  • 22 - Withholding
  • 23 - Adjusted gross income

6. Business Terms

  • 24 - Gains, losses, revenues, and expenses
  • 25 - Income statement and P&L statement
  • 26 - Cash flow
  • 27 - Balance sheet

Conclusion

  • 28 - Where to go next

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