Who this course is for:

• Individuals wanting to acquire a comprehensive foundation in personal financial planning, with practical steps and real-life applications
• Those who want to learn how to organize and interpret their finances in a clear and structured manner
• Anyone interested in developing the skills to create and analyze personal financial statements and budgets with confidence
• People looking to improve their financial decision-making to achieve sustainable, long-term financial goals

What you’ll learn: 

• How to create a comprehensive personal financial statement, covering both a balance sheet and an income statement
• The purpose and use of a balance sheet to assess your financial position at a specific point in time
• How to utilize an income statement to track financial performance over a designated period
• Key differences between personal and business financial statements, with guidance on tailoring statements to individual goals
• Step-by-step methods for creating a personal financial budget using current financial data
• Techniques for analyzing financial performance through personal financial ratios, empowering informed decisions
• Essential Excel skills for building, managing, and updating financial statements effectively

Requirements: 

• No prior knowledge is required to take this course. We welcome beginners and anyone looking to deepen their understanding of personal financial planning.

This course centers on creating a personal financial statement—a crucial tool for effective financial planning. Through expert-led presentations and hands-on Excel exercises, you’ll gain practical skills to create, analyze, and interpret personal financial statements.

Each Excel presentation comes with a downloadable workbook that includes both a completed answer tab and a preformatted worksheet, allowing you to follow along step-by-step with the instructional videos. This format ensures that you not only understand the theory but also build skills through real-world application.

Financial statements are essential tools that allow us to assess our current financial position and evaluate past performance. This course covers the two primary statements in depth: the balance sheet and the income statement.

• The balance sheet offers an overview of financial standing at a specific moment in time, outlining assets, liabilities, and net worth.
• The income statement measures performance over a defined period, typically a month or year, showing how past financial activities led to the current balance sheet position.

While personal financial statements are similar to business financial statements, they’re often less standardized. This flexibility reflects the personal nature of financial goals and fewer regulatory restrictions. Unlike a business, where the primary financial goal is revenue generation, personal financial goals may include saving for retirement, purchasing a home, or achieving financial independence, with income generation serving as a means to these ends.

Upon completing the course, you’ll have the skills and knowledge to create a detailed personal financial statement that outlines both past performance and current financial status. This foundation will then support you in developing a personalized financial budget and setting meaningful, attainable financial goals.

Ready to ignite your passion for learning? Join my courses and discover your full potential.

Our Promise to You

By the end of this course, you’ll understand how to construct and analyze a personal financial statement, appreciate the relationship between the balance sheet and income statement, and apply these insights to manage your financial future with greater confidence.

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

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