I am seeking feedback on the following topics (not really ordered right now other than by category). I am hoping to present an overview of important personal finance topics, from the perspective of, "most people never were exposed to even basic PF information, so here is an overview to provide a 'what i need to know'" type presentation.
I intend to post it here once I put it together for feedback as well and potentially make it a resource for others in similar endeavors, so please give comments on what content is missing/extra.
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Why personal finance?
- Huge impact long term
- Affects all aspects of our lives
- Goals most of us have
- Have $$$
- Buy house
- Buy car
- Have wealth
- Difference between millionaire at 50 or broke
- Paycheck
- Percentages
- Tax deductions/credits
- Social security/Medicare
- 401k
- Health Savings Account (HSA)
- What does “Roth” mean?
- Paying off debt
- Interest
- Why do either?
- Tracking spending
- Why is this important?
- Budgeting
- General introduction “how this works”
- Budgeting is NOT “can’t spend”
- Is “paying rent is throwing money away?”
- Discuss additional costs
- What is a stock?
- What is a mutual fund?
- What is an index fund?
- What is risk tolerance and asset allocation?
- What is an IRA (Roth/deductible)?
- Rule of 72
- What is it used for?
- How is it calculated?
- Health
- Renters/Homeowners
- Car
- Life
- Disability
- TBD