FREE
daily Instructor: Dr. Tammy ParkerAbout this Course
Understanding Core Financial Principles
Time Value of Money
- Calculating the present value of future cash flows using different discount rates.
- Determining the future value of current investments with compounding interest, considering both simple and compound interest scenarios.
- Analyzing annuity streams and perpetuities to understand the present and future value of a series of payments.
- Applying time value of money concepts to investment decisions, loan amortization, and retirement planning. For example, accurately calculating mortgage payments or estimating the long-term growth of a retirement account.
Risk and Return
- Distinguishing between different types of investment risks, including market risk, credit risk, inflation risk, and liquidity risk.
- Calculating expected returns and standard deviations of investments to quantify risk and return trade-offs.
- Understanding the Capital Asset Pricing Model (CAPM) and using it to determine the required rate of return for an investment based on its beta.
- Applying portfolio diversification techniques to reduce overall portfolio risk without sacrificing returns.
Mastering Personal Finance Management
Budgeting and Cash Flow Management
- Creating a personal budget that accurately tracks income and expenses, identifying areas for potential savings.
- Developing strategies for managing cash flow to ensure sufficient funds are available for essential expenses and financial goals.
- Utilizing budgeting tools and apps to automate tracking and analysis of spending habits.
- Constructing a personal balance sheet to assess net worth and identify areas for improvement.
Debt Management
- Analyzing different types of debt, including credit card debt, student loans, and mortgages, to understand their costs and implications.
- Developing strategies for debt reduction, such as the debt snowball or debt avalanche methods, to prioritize repayment effectively.
- Negotiating with creditors to lower interest rates or modify repayment terms to make debt more manageable.
- Understanding the impact of credit scores on borrowing costs and developing strategies for improving creditworthiness.
Investing for the Future
- Evaluating different investment options, including stocks, bonds, mutual funds, and real estate, to determine their suitability for individual risk tolerance and financial goals.
- Understanding the principles of asset allocation and diversification to build a well-balanced investment portfolio.
- Analyzing investment performance and making adjustments to the portfolio as needed to ensure it remains aligned with financial objectives.
- Understanding different account types such as 401(k)s, IRAs, and taxable brokerage accounts, and utilizing them effectively for long-term investing.
Advanced Financial Planning Techniques
Retirement Planning
- Estimating retirement income needs based on current lifestyle and projected expenses.
- Developing a retirement savings plan that considers factors such as age, income, risk tolerance, and time horizon.
- Understanding Social Security benefits and how they factor into retirement income planning.
- Exploring different retirement withdrawal strategies to ensure sustainable income throughout retirement.
Estate Planning
- Understanding the importance of having a will and creating one that accurately reflects wishes regarding asset distribution.
- Exploring other estate planning tools, such as trusts, to minimize estate taxes and ensure smooth transfer of assets.
- Understanding the role of life insurance in estate planning and determining the appropriate amount of coverage needed.
- Appointing a power of attorney to manage financial affairs in the event of incapacity.
Tax Planning
- Understanding the basics of the U.S. tax system and how it impacts personal finances.
- Identifying tax deductions and credits to minimize tax liabilities.
- Utilizing tax-advantaged investment accounts to reduce taxes on investment income and capital gains.
- Understanding the tax implications of different financial decisions, such as buying a home or starting a business.
Navigating the Financial Landscape
Insurance and Risk Management
- Evaluating different types of insurance, including health insurance, auto insurance, homeowner's insurance, and life insurance, to determine the appropriate coverage levels.
- Understanding the policy terms and conditions of insurance policies to ensure adequate protection against potential risks.
- Assessing personal risk tolerance and developing strategies for managing risk through insurance and other risk management tools.
- Identifying and mitigating common financial risks, such as identity theft, fraud, and unexpected expenses.
Real Estate Investing
- Analyzing the fundamentals of real estate investing, including property valuation, financing options, and rental income potential.
- Evaluating different types of real estate investments, such as residential properties, commercial properties, and REITs, to determine their suitability for individual investment goals.
- Understanding the risks and rewards of real estate investing, including market fluctuations, property maintenance, and tenant management.
- Developing strategies for managing real estate investments effectively, including property management, tenant screening, and lease negotiations.
Financial Technology (FinTech)
- Understanding the impact of financial technology on personal finance management, including online banking, mobile payments, and robo-advisors.
- Evaluating different FinTech tools and platforms to determine their suitability for individual financial needs and goals.
- Understanding the risks and benefits of using FinTech services, including data security, privacy, and regulatory compliance.
- Utilizing FinTech tools to automate financial tasks, such as budgeting, investing, and bill payment.
Course Features
Honorary Certification
Receive a certificate before completing the course.
Expert Instructor
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Study Schedule
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Multilingual Support
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Frequently Asked Questions
For detailed information about our Financial Literacy Certification course, including what you’ll learn and course objectives, please visit the "About This Course" section on this page.
The course is online, but you can select Networking Events at enrollment to meet people in person. This feature may not always be available.
We don’t have a physical office because the course is fully online. However, we partner with training providers worldwide to offer in-person sessions. You can arrange this by contacting us first and selecting features like Networking Events or Expert Instructors when enrolling.
Contact us to arrange one.
This course is accredited by Govur University, and we also offer accreditation to organizations and businesses through Govur Accreditation. For more information, visit our Accreditation Page.
Dr. Tammy Parker is the official representative for the Financial Literacy Certification course and is responsible for reviewing and scoring exam submissions. If you'd like guidance from a live instructor, you can select that option during enrollment.
The course doesn't have a fixed duration. It has 23 questions, and each question takes about 5 to 30 minutes to answer. You’ll receive your certificate once you’ve successfully answered most of the questions. Learn more here.
The course is always available, so you can start at any time that works for you!
We partner with various organizations to curate and select the best networking events, webinars, and instructor Q&A sessions throughout the year. You’ll receive more information about these opportunities when you enroll. This feature may not always be available.
You will receive a Certificate of Excellence when you score 75% or higher in the course, showing that you have learned about the course.
An Honorary Certificate allows you to receive a Certificate of Commitment right after enrolling, even if you haven’t finished the course. It’s ideal for busy professionals who need certification quickly but plan to complete the course later.
The price is based on your enrollment duration and selected features. Discounts increase with more days and features. You can also choose from plans for bundled options.
Choose a duration that fits your schedule. You can enroll for up to 6 days at a time.
No, you won't. Once you earn your certificate, you retain access to it and the completed exercises for life, even after your subscription expires. However, to take new exercises, you'll need to re-enroll if your subscription has run out.
To verify a certificate, visit the Verify Certificate page on our website and enter the 12-digit certificate ID. You can then confirm the authenticity of the certificate and review details such as the enrollment date, completed exercises, and their corresponding levels and scores.
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Answer the certification questions by selecting a difficulty level:
Beginner: Master the material with interactive questions and more time.
Intermediate: Get certified faster with hints and balanced questions.
Advanced: Challenge yourself with more questions and less time
Earn Your Certificate
To download and share your certificate, you must achieve a combined score of at least 75% on all questions answered.