What you'll learn
In this topic, you will learn about the fundamentals of financial planning. The concept of financial planning is introduced as a systematic approach, involving categorising goals into NEED, LOVE, LIKE, and WANT. The emphasis is on prioritizing spending on NEED and LOVE to enhance life fulfillment.
This course encourages a perspective shift towards allocating resources to the left side of the quadrant. You will also adopt a decision-making process, asking questions like "Do I need it? Do I love it? Do I like it? Do I want it?" to guide spending decisions.
The importance of understanding lifetime earnings and retirement planning is illustrated through the example of Ali.
