This class is built for you to understand different types of debt financing. 80% of Americans have debt and that's another reason why this class was created.
We will dive into the following types of debt:
- Credit Card Debt
- Auto Debt
- Mortgage Debt
- I am creating a separate class for school loan debt as this is a complicated subject
Like all of my classes this is interactive so you'll be working on the attached spreadsheet to learn how:
- Daily compounding interest works on credit cards
- Loan amortization schedules work for both auto and home loans
- Be able to decide if a cash back or 0% interest financing offer is better for cars
At the end of this class you will:
- Understand banks' incentives for you to get a loan (they make a lot of money off of you)
- Understand how the different types of debt financing work - credit cards vs. auto loans vs. home loans
- The Pros and Cons of each type of debt
- Myths of Personal FinanceÂ
- Do you really own your home?
- Do you have to keep a balance on a credit card to build your credit?
I hope you enjoy my class as this is my dream job! Helping average people like you and me control their finances, earn their financial freedom and live a stress free life!
