Build yourself a financially formidable defense system

Course details

In this course you shall learn the protection strategies of personal finance. This course teaches you how to continually on top of your personal finances. The course starts with some understanding of some simple but essential aspects of accounting. As numbers do not lie, the mathematics help students better understand, manage and control their finances. Students would then be given exercises to know their current financial position as well as to know how far they would have been from the ability to retire. Simply put, it is only that we know where we are (financially) before we know where we want to be financially. Special focus have been made on the expenditures, such as the use of credit cards and the clearing of debts as these are often the main causes of our financial disaster.

The course also covered at length on insurances as these instruments form an integral part of the wealth protection. Insurances are long-term commitments, but they provide us a peace of mind against uncertainties. Hence they should be appropriately used so that we can focus our attention other important aspects of life such as bringing up our families, doing things that make ourselves and the people around us happy and healthy as well as growing our active and passive incomes.

Wealth protection is not limited to protecting ourselves when we are sane and healthy. We need wealth protection throughout our life-time and even beyond. In fact, it is the life-stage that we no longer sane and healthy that often drains heavily on our wealth. We can be building a lot of wealth when we are active, but only be drained substantially even to the state of bankruptcy when we become weak and feeble. This course brings out some protection instruments that can come in handy during those times when are no longer sane and healthy. However, such decisions have to be made and should be made during the time when we are totally same and healthy.