Comprehensive UK Personal Finance Training
- Description
- Curriculum
- FAQ
- Reviews
Welcome to the Comprehensive UK Personal Finance Training course. I believe this is the only comprehensive course covering personal finance in the UK. In this course you will learn everything you need to know about UK personal finance. I have avoided prescriptions that are normally seen on other materials since I understand every situation is different. In this course I will take you through the basics of personal finance and cover things in detail as they apply to the UK. This course is based on my wide UK financial services experience and my personal investing knowledge. I am sure once you have done the course you will be equipped to make your own financial decisions such as investing, pensions, retirement planning, estates planning, budgeting, managing borrowings and many more other things.
I have used real life examples as they apply to the UK. I avoided making this course broad so that if you are in the UK you will derive the most value. I have also added some key things such as childcare schemes, home purchase schemes, a comprehensive overview of the UK tax system, how to protect yourself from fraud. I hope you will derive a lot of value from taking on this course.
Course Structure
I will start by giving you an introduction to investing, and various types of investment products, before moving to pension products. In pensions, I will explain to you the various types of pensions such as workplace, private, government and public sector pension schemes. I will show you how to hold the investments and how to manage them. In the next sections I will talk about investment strategies, debt management & credit ratings. Will the give you an overview of the UK tax system and how to manage your taxes. Afterwards I will take you through the government schemes for home buying and childcare support. I have also included a section for Sharia Financing if it applies to you, or you would like to learn more about it. I have another section on protecting your wealth from fraud, then lastly I share with you some useful personal finance materials, books, magazines and podcasts.
LEARN – INVEST – BUILD WEALTH
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IntroductionThis is the introduction to the section. This section is detailed and will set the theme for the whole course. Take your time as you go through the material. I have tried to explain things concisely without making things too long. You can use other external resources to gain main information if you would like.
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Overview of section & why you need money
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Why should you invest?
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Time Value of Money Principle
This covers the key principle of investing that £1 today is worth more than £1 next year. I have given some simple examples to make things simple.
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How does stock markets work?
I have given a broad explanation of how stock markets work and all the parties involved. This is for your awareness purposes only and you don't need to memorise these things.
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Understanding Present Values, Future Values & Opportunity costs
Building on the time value of money principle, here I have explained the main financial terms including the opportunity costs.
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EXAMPLE - Simple Calculation of Investment returns
Here I will show you how an investment return or profit is calculated through 3 simple examples. You invest for better returns so it is important for you to understand how returns are calculated.
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Relative Returns
I have explained how you can determine whether the return or profit you got is enough. You do this by comparing it to relative returns which are usually stock market indices.
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Stock Market Indices
Here I example stock market indices, how they are formed and what they do. Stock market indices are commonly used as relative returns i.e. for comparing product returns to them.
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Different categories of investors
In this video I explain the different classifications of clients by the Financial Conduct Authority and what this means for you. Depending on your classification this limits the financial products that you can access.
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Quick introduction to investment products
This is a quick introduction to the investment products that are following.
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1. Cash Savings
In this video I explain cash savings, how to find better deals, the advantages & disadvantages of holding cash savings.
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2. Bonds - Government & Corporate bonds
In this video I explain what are bonds, the two categories of corporate & government. I also explain how bonds work and take you through a couple of examples. I have also explained the reasons for holding bonds, and where to buy them.
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3. Equities - Quick introduction
In this video and the next videos I have explained equities, stocks or shares what they are and how to buy them. I also provided a simple example of the forming of companies, trading and listing. I have also explained key accounting terms. In doing this I used a simple grocery example and Tesco financial statements
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3. Equities - Grocery Example - Year 1
I have used a simple grocery example in explaining key accounting concepts that will be useful when evaluating a potential investment.
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3. Equities - Grocery Example - Year 2
I have used a simple grocery example in explaining key accounting concepts that will be useful when evaluating a potential investment.
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3. Equities - Grocery Example - Year 3
I have used a simple grocery example in explaining key accounting concepts that will be useful when evaluating a potential investment.
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3. Equities - Grocery Example - Other Accounting Transactions
In this video I explain the other key accounting transactions to be on the look out for on the financial statements
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3. Equities - Grocery Example - Registering a company & listing
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3. Equities - TESCO CASE STUDY - Introduction
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3. Equities - Quantitative Analysis of companies
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3. Equities - Qualitative Analysis of companies
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3. Equities - Other Investment Considerations
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3. Equities - Understanding company sectors
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3. Equities - Understanding Corporate Events
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Investment Funds - Introduction
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4. Investment Trusts - What is It?
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4. Investment Trusts - LIVE EXAMPLE
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4. Investment Trusts - Choosing a fund to invest
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5. Unit Trusts
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6. Open Ended Investment Companies (OEICs)
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7. Exchange Traded Funds (ETFs)
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8. Real Estate Investment Trusts (REITs)
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OTHER HIGH RISK ASSETS - Introduction
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HIGH RISK - Contract for Differences (CFDs)
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HIGH RISK - Spread Betting
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HIGH RISK - Foreign Currency (FX) Trading
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HIGH RISK - Commodities
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HIGH RISK - (PLEASE AVOID) - Binary Options
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HIGH RISK - Cryptocurrencies
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How the FCA & BoE Ensures your assets are safe
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Financial Services Compensation Scheme (FSCS)
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Resolving Issues with your provider
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INVESTMENT TIPS & INSPIRATION
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Last words
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Introduction to section
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What is a pensions?
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Workplace Pensions - Defined Benefit pension schemes
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Workplace Pensions - Introduction
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Workplace Pensions - In practise
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Workplace Pensions - Important Things to Do
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Workplace Pensions - Changing Employers
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Personal Pensions - SIPP - Self Invested Pension Plans
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GPP & Small administered pension schemes
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Pension Tax reliefs & Allowances
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Taking your pension - SIPP & Occupational Pensions Only
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Public Sector Pension Schemes
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State Pension Schemes
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Planning for your retirement
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Where to Get FREE HELP on Pensions
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Mini - Frequently Asked Questions on Pensions
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Investment Account Opening Illustration
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Last words
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Introduction to tax and non-tax wrappers
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Overview of 4 Individual Savings Accounts (ISAs)
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Cash ISAs
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Stocks and shares ISA
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Lifetime Individual Savings Account (LISA)
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Innovative Finance ISA
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General Investment Account (GIA)
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Self Invested Pension Plan (SIPP)
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Junior ISA
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Simple Investment Options - Robo-advisors
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Simple Investment Options - Pre-made Investment Models
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Important Considerations when choosing an investment provider
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Transferring ISAs, JISAs, LISAs & SIPPs between providers
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What happens to wrappers when you move abroad
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What happens to ISAs when you die
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Last words
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Introduction on buying gold
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Overview of gold, advantages & disadvantages to owning gold
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How gold is measured
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How and where to buy gold
In this video I explain how and where to buy gold in the UK. You can download a listing of gold sellers in the UK here.
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Storing your gold
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Other indirect ways of holding physical gold
This video explains other ways to hold gold instead of the physical gold itself such as Exchange Traded Funds & gold miners. I have also given examples of ETFs and gold miners.
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Other alternative precious metals
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Last words
