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Money. PANIC! The 7 Steps to controlling your Personal Finances


Reaching Aspiration

Summary

Price
£28 inc VAT
Study method
Online
Duration
1 hour · Self-paced
Qualification
No formal qualification

Overview

Overcome your finance anxiety and take control of your financial future by joining Sam on his journey.

Course media

Description

Would you like to take an in depth look at what Sam learned and follow the journey with him? Learning when he is likely to need to complete a tax return. What red flags indicate a problem with debt. How to manage and pay debt off quicker. How he could improve his investment return 15 times, while dramatically reducing the chances of something going wrong.

Panic, intimidating, stressful, confusing. Can you relate to some or all of these feelings about money? Formal education seems to ignore money. When the retirement age was decided at 65, the average lifespan was 62. People had jobs for life, so your parents probably didn’t worry that much about it, although we imagine a lot are worrying about it right now. Reaching Aspiration presents topics in a familiar step by step practical way to ensure action is being taken.

Are you wondering if you should care now? Compound interest says you should. To show you how powerful it is. Say you bet 1p with a mate that your favourite football team would win the first game of the season. Your mate says sure, but let’s double the bet every game. You think ok, so 1p, 2p, 4p, 8p. Sounds good. Well do you know what you would be betting on the final game? Game 38 next May? Take a guess? £1.374 billion, with a “b”. While you won’t double your money each year investing, the point is that time matters. Compound interest matters, and it matters now. Use it or lose it.

Surely it’s less stressful for someone else to do it? What if I screw it up? Research has shown that the majority of fund managers don’t beat a simple index fund available to everyone for a nominal fee. Can you pick which one will? Will they do it the next year?

Will I actually know what to do? While it may take a long time to fully “get it”, we are confident you will take action, with action comes understanding. Everyone’s circumstances are unique, so you will need to do what is right for you. Sam’s journey is not advice on what you should do, it is a story to help educate, pique interest and do the hardest part, start.

Is it worth the money? No, not the course, the course is just information and for educational purposes. It’s the action which will potentially end up making you £100s, £1,000s, millions (?) from taking action. All that is contained in this course is also available in books (£5-£8 a shot and hours of reading). This will take considerably longer, what is your time worth to you? - Please note that it is targeted for the UK market, but the principles are transferable. Our first course taker found an estimated £50k lost to his pension.

Who is this course for?

This course is for UK Graduates who are early in their careers and want to overcome finance anxiety. Particularly those who did not do personal finance literacy as part of their studies.

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.