What is personal finance and why does it matter?
Personal finance involves managing your money, from recurring expenses to savings goals to how and where you invest it.
What are assets and liabilities?
Assets generate income while liabilities cost you money.
How can you set up your household budget?
A household budget is a list of your income and your expenses.
How you can set up your emergency fund
An emergency fund is a savings account that is used for unforeseen events.
What is a savings plan?
A savings plan can help you reach your saving or investment goals.
What is investing and who can invest?
In this lesson you will learn the basics of investing.
How to start budgeting for investing
Create your investment budget by setting specific goals.
What is interest?
In the context of investing, interest is what the investor earns for placing their money in an investment or a project.
What is a shareholder?
A person who holds at least one share of the stock of a company is considered a shareholder or stockholder.
How do investments earn you money?
People invest in order to make financial gains from their investments.
What does to diversify your portfolio mean?
Diversification means distributing capital over a diverse range of financial products.
What are the biggest risks in investing?
Investing decisions are based on balancing risk and return, so understanding the risks associated with investing is essential.
What is an index?
An index is a measure to indicate a change in the size of values such as the price of securities over time.
What is a bond?
A bond is a type of loan contract that outlines the amount of money, the interest rate and the maturity date of the loan between a debtor and a creditor.
What is a mutual fund?
A mutual fund is a portfolio of stocks, bonds and various other securities managed by expert brokers.
What is an exchange-traded fund (ETF)?
An exchange-traded fund (ETF) is made up of different securities tracking an index.
What is a derivative?
A derivative is, as the name implies, a secondary security derived from another security.