Personal Finance 101

This video describes the 7 steps we all need to learn Personal Finance wise. Your Personal Finance 101 booklet.

We all know that handling your finances can be complicated and confusing at times, sometimes we don’t even know where to start. This video shows you the basics steps needed in order to become financially free. It simplifies personal finance into 7 steps. If you want a good overall picture on how to manage your finances and create a basic financial plan then this videos for you.

Listed below are the 7 area’s you need to work on in Personal Finance 101.

Step 1: Pay yourself First.
Step 2: Create a budget.
Step 3: Specify whether your expenses are a necessity or a want.
Step 4: Create an emergency fund of 3-4 months of expenses.
Step 5: Save a certain percentage of your income and put it into investments.
Step 6: Build up your assets and use the power of compound interest.
Step 7: Review your financial plan monthly to ensure your financial habits are healthy.

So there you have the 7 steps needed in Personal Finance 101. Follow these steps with discipline and make it a habit to be good with your finances. Personal Finances do not have to be as complicated and confusing as people put it. But we do need to put in habits in place to be good with finances which is why I made this YouTube channel. To continually work on our financial habits.

If you want to learn in more detail about methods and mindset of how to become financially free then subscribe to Financial Fitness here: https://www.youtube.com/channel/UCmHm0w-JJfC2Ll1Of_WObAQ?view_as=subscriber

// Books I Recommend…
▸ Investing: https://goo.gl/BRPh3D
▸ Wealth Mindset: https://goo.gl/RcSjcx
▸ Personal Finance: https://goo.gl/yXiH2Y or https://goo.gl/TLE5fV
▸ Personal Development: https://goo.gl/AVzKqt
▸ Entrepreneurship: https://goo.gl/wbWcWM
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▸MY MICROPHONE (VOICE OVER): https://goo.gl/dLYtzr
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▸ ANIMATION SOFTWARE: VideoScribe
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▸ LIGHTING (Not needed for animation) : https://goo.gl/JAxCLj
▸ VIDEO EDITING SOFTWARE (Not needed for animation) : https://goo.gl/FSJYkR
▸ THUMBNAIL EDITING SOFTWARE: https://goo.gl/fw5KCg
▸ LAPTOP: https://goo.gl/UuPq6V
▸ DESKTOP: https://goo.gl/7MiVwG
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