Financial Literacy: Definitions
Financial Literacy: Definitions
What you’ll learn
Skills you’ll gain
We all know our finances are important, but the jargon can be overwhelming. If you've ever felt confused by financial decisions or documents, this course is for you.
Your instructor, financial planner Cassandra Reed, will walk you through dozens of common financial terms. you'll learn how to use these terms comfortably, recognize them in documents, and use them to make smarter financial decisions. you'll be able to calculate your net worth, navigate your personal bank accounts, and make informed choices about investing. Whether retirement is approaching or still feels far away, you'll be able to identify the differences between common retirement accounts, such as IRAs and 401(k)s. Furthermore, if you're a small business owner, you'll gain a solid foundation of the documents and terms you need to know to ensure you're staying profitable. No matter how early you are in your financial journey, this course can help.
Syllabus
Download syllabus-
1
Compound interest Maybe you've heard of the "beauty of compound interest" but haven't a clue what it means. 3m
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2
ACH transfer An ACH Transfer is a basic, important component of banking. After this video you'll be able to use the term "ACH Transfer" knowledgeably. 3m
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3
Minimum balance You've likely heard of needing to maintain a minimum balance. 2m
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4
Net worth Net worth sounds like a word to define the rich, but did you know that it applies to everyone? 2m
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5
Overdraft You shouldn't take overdrafts lightly. After this video you'll be able to use the term "overdraft." 1m
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6
Interest rate Interest rates can have two different applications depending on if you're using it for banking or credit. 3m
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7
FICO score A FICO Score, you can't live without it. After this video you'll be able to use the term "FICO score" and understand how it affects you. 2m
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1
Asset allocation How should asset allocation inform your investments? 3m
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2
Cash We all use cash, but how is it applicable to your investments? After this video you'll be able to use the term "cash" meaningfully. 2m
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3
Stocks vs. bonds Understanding stocks and bonds is essential for making smart investment decisions. 2m
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4
Diversification and rebalancing You may have heard that you need "asset diversification" in your investments. 2m
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5
Volatility and inflation Volatility and inflation both don't sound like positive things when it comes to your investments. 2m
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6
Capital gains and capital losses To pay your taxes accurately you need to know what capital gains or losses you've had. 3m
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1
Price-earnings ratio vs. expense ratio What is a price-earnings ratio and how does it apply to your investments in the stock market? 4m
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2
Prospectus A prospectus is an important tool for assessing an investment. 1m
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3
Mutual funds & REIT's There are many great investment products out there. 1m
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4
ETF, index fund, and target-date fund It might seem like there are more investment options than any one person can use! 2m
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1
Traditional IRA vs. Roth IRA An IRA is an important tool for your retirement savings. 3m
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2
401(k) plans You may have a Traditional 401(k) through your employer. 2m
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1
Tax credits When it comes to time to file your taxes, you may be able to apply a tax credit. 2m
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2
Withholding Each of your paychecks should have a portion "withheld." After this video you'll be able to use the term "withholding" knowledgeable. 1m
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3
Adjusted gross income Despite the difficult sounding acronym of "AGI,", this term is relatively straight forward. 2m
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1
Gains, losses, revenues, and expenses Gains, revenues, losses and expenses are all important elements of running a profitable business. 1m
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2
Income statement and P&L statement An income statement is the first financial statement critical to every business. 1m
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3
Cash flow The second financial statement which your business can't run without is a cash flow statement. 2m
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4
Balance sheet The third financial statement critical to your business is a balance sheet. 1m
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1
Where to go next 1m
Certificate
Certificate of Completion
Awarded upon successful completion of the course.
Instructor
Cassandra Reed
Cassandra Reed, M.P.S., has worked in the financial services industry for over a decade. With a Master’s from Georgetown University, she combines her experiences both inside and outside the financial sector with data to provide personal, helpful advice and tips tailored to your needs, helping you live the best life possible with the resources you have. She is passionate about empowering you and your loved ones with financial security to fulfill your personal and professional goals.
Cassandra Reed
Wealth Management Advisor at Merrill Lynch
Accreditations
Link to awards
How GoSkills helped Chris
I got the promotion largely because of the skills I could develop, thanks to the GoSkills courses I took. I set aside at least 30 minutes daily to invest in myself and my professional growth. Seeing how much this has helped me become a more efficient employee is a big motivation.
