Personal Finance & Investing
14 skills across 4 areas, in the order you need to learn them. 3 of them end in work you hand in and we mark.
Covers the subject wellWe mark it against a checklist you can read first
Take the skill check — about 10 minutes14
3
~25
4
What you'll be able to do
- What the money is for, and whenState a financial goal with an amount and a date, and say what the horizon rules out
- Knowing where you standProduce a net-worth statement that reconciles and states what it excludes
- Cashflow, not salaryBuild a monthly cashflow that includes annualised irregular costs and reconciles to a bank statement
- The buffer, and where it sits in the orderSize a cash buffer from your own fixed outgoings and justify the number of months
- Stating assumptionsList every assumption a projection depends on, with the value used for each
- Stress testing a planBreak your own plan under a stated adverse scenario and say what breaks first
- Tax-advantaged accountsExplain the mechanism of a tax wrapper and identify what you would need to check for your own jurisdiction
- Spotting bad adviceIdentify who is paid by a recommendation and name the specific claim that cannot be true
Where the proof comes from
Start on Personal Finance & Investing
Every skill above, ordered by what depends on what, with the projects above that as the evidence you actually did it. We work out where you already are first, so the path skips what you can do.
Start this path