<aside> ๐๏ธ How to use this guide: This guide is designed to help you explore the world of personal finance. It is not meant to be read from top to bottom or be exhaustive, but rather as a content that covers the key areas of personal finance and allows you jump around / go deep in the areas you find interesting. If you liked or found something confusing, please leave comments directly in the guide so we can make it better for other learners.
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For your reference:
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/89528b25-9e7b-4b08-96de-97eaac4ee0d0/yawn.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/89528b25-9e7b-4b08-96de-97eaac4ee0d0/yawn.png" width="40px" /> When you see this, it means read this to get the TLDR (vs. the whole section)
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<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/745824da-1fef-4a80-93ac-fc96e7d272b3/Social_media-Circle-Simplify.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/745824da-1fef-4a80-93ac-fc96e7d272b3/Social_media-Circle-Simplify.png" width="40px" /> When you see this, hacks ("hax") or ๐s are being dropped on you. Pay Attention!
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Section 1: Why is Money Important?
Section 2: Building Money Mindsets ๐ฒ
"Actually, I'm Good" ๐
"I'm Worthy of Wealth" ๐
Labor vs. Capital (๐ท vs. ๐ฐ)
Section 3: Personal Finance 101
Section 4: How to Decrease Expenses ๐ธ
Step 1: Analyze Your Expenses ๐
Step 2: Identify Where You Can Spend Less ๐
Step 3: Set a Goal and Stick to It โ๏ธ
Step 4: Pay Yourself First ๐ฅ
Credit Card Debt ๐ณ
Student Loan ๐
Car Loan ๐
Mortgage / Home Loan ๐ก
How to Save ๐ฆ (+ Bank Account FAQ)
Should I Save All My Money in a Savings Account?
Section 6B: "Money Flywheel" ๐ก
Section 7: Investments (Assets)
Stocks ๐ (+ Stocks FAQ)
Collectibles ๐
Real Estate ๐
Depreciating Assets ๐
Section 8: Investing Strategy - Decreasing Debt
Step 0: Understanding How Debt Slows Down the Money Flywheel ๐ก๐ ๐ปโโ๏ธ
Step 1: Bucket Your Debts as 'Good' or 'Bad'
Step 2: Order Your Bad Debts by Interest Rate
Step 3: Pay off Your Bad Debts ASAP
Paying off Credit Card Debt ๐ณ
Paying off Student Loans ๐จโ๐๐ฉ๐ฟโ๐
Section 9: Investing Strategy - Buying Assets
Understanding the Power of Compound Interest
Accelerate the Money Flywheel ๐กโฉ
Section 10: Understanding Risk
Real Estate ๐ (+ Leveraging FAQ)
Stocks ๐
Section 12: Stock Market Tips & Tricks
Tips and Tricks ๐