In this podcast episode, we introduce some of the major topics of the Financial Module, such as personal finance, budgeting, financial planning, saving for retirement, and many other topics! So, what is personal finance? In short, personal finance is really about trying to find a "peace of mind" where you do not have to think or stress over making financial decisions. This comes with lots of time and effort, and we'll guide you along some major steps to achieving that peace of mind.
First off, we discuss how to budget your money. In the video we offer a couple different approaches on how to manage money and plan for the future. We'll talk about why you need a budget and what a good budget can do for you. Next, we'll turn to investing and retirement planning. A big topic we'll cover is the difference between a Roth and traditional IRA account. We will also discuss basic investing tips, the stock market, and planning out your financial future.
The next major topic within the Financial Module is passive income and making money off a side hustle. In this section, Lavran will give more details about his experiences as an entrepreneur, answering questions like "how can I start a business?" or "how can I make money from other sources than my main job?" Lastly, we will talk about probably the most common stream of income for many people: your job. How can you derive both money and value from your job, and how can that lead you into other opportunities through promotions or pay raises?
Thanks so much for your support, stay tuned for all the content we have coming out in the next few weeks, and get balanced!