Description

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 Finance 
      • 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!