Personal Finance for Well-Being Skill Development Internship

Self-Paced

Fee: ~~₹999~~ ₹699

Shilpa Bhaskar Gole | Financial Trainer

The Personal Finance Mastery Internship is a comprehensive, self-paced program designed to equip students with essential financial knowledge and entrepreneurial skills. Aligned with AICTE guidelines, the course integrates an entrepreneurship curriculum to help participants effectively manage their money, create wealth, and explore financial opportunities. By developing practical expertise, students can enhance their financial literacy and gain insights into career opportunities in the finance domain, such as financial planning, wealth management, and entrepreneurship.

Objectives

This internship program is designed to:

Provide in-depth financial knowledge: Understand key financial concepts, including budgeting, investing, insurance, and taxes.

Facilitate real-world applications: Apply financial principles through hands-on projects and simulations.

Build confidence in financial decision-making: Empower participants to make informed choices for financial well-being.

Offer entrepreneurial insights: Learn to manage finances from an entrepreneurial perspective and explore business opportunities.

Highlight career pathways: Equip students with the foundational knowledge needed to pursue careers in finance and related fields.

Foster financial independence: Create a tailored financial action plan to achieve personal and professional goals.

What Will You Learn

- Master core principles of personal finance and wealth management.
- Develop a healthy mindset and approach to managing money.
- Create a personalized financial action plan to meet your goals.
- Understand budgeting, investing, insurance, and tax planning to build financial stability.
- Explore retirement planning and strategies for leaving a legacy.
- Learn business finance management within the entrepreneurial framework.
- Discover potential career paths in finance, including financial consulting, tax planning, investment advisory, and entrepreneurship.

Skills you will gain

Financial Planning: Learn to set clear financial goals and develop actionable plans to achieve them.

Investment Strategies: Gain knowledge of asset classes, mutual funds, and strategies to make informed investment decisions.

Entrepreneurship Insights: Understand how personal finance is pivotal in managing business finances and creating opportunities.

Tax Planning: Acquire the skills to optimize tax planning and efficiently file returns.

Retirement and Debt Management: Plan for a secure future and manage debts effectively.

Career in Finance: Build a strong foundation for careers in financial planning, wealth management, investment advisory, and entrepreneurship.

Curriculum

Module 1 - Importance of Financial WellbeingWellbeing
- 1.1 Money and Time Trade-off
- 1.2 Money and Emotions
- 1.3 Meaning of Financial Wellbeing
- 1.4 Vision for Life
- 1.5 Importance of a Financial Action Plan

Module 2 - Identifying Financial Goals
- 2.1 Review Financial Action Plan
- 2.2 Revisit Financial Action Plan
- 2.3 Plan Action Steps
- 2.4 SIP / Lumpsum Investment Calculator
- 2.5 The Power of Compounding in Investing
- 2.6 Money Habit System
- 2.7 Life Insurance Cover Calculator
- 2.8 Third Important Financial Goal
- 2.9 Retirement Cash Flow Budget Calculator
- 2.9 Retirement Cash Flow Budget Calculator
- 2.10 Financial Freedom / Retirement Calculator

Module 3 - Knowing Current Financial Position
- 3.1 Assets and Liabilities
- 3.2 Assets and Liabilities Calculator
- 3.3 Mapping goals to assets
- 3.4 Mapping goals to assets

Module 4 - Financial Action Plan
- 4.1 Review Financial Action Plan
- 4.2 Revisit Financial Action Plan
- 4.3 Plan Action Steps
- 4.4 SIP / Lumpsum Investment Calculator
- 4.5 The Power of Compounding in Investing
- 4.6 Money Habit System

Module 5 - Investing
- 5.1 Important Asset Classes
- 5.2 Debt as an Asset Class
- 5.3 Equity as an Asset Class
- 5.4 What are Mutual Funds?
- 5.5 How to select a Mutual Fund
- 5.6 Other Asset Classes (Gold, Real estate, crypto)
- 5.7 Gold as an Investment
- 5.8 Real Estate Investment Trusts (REITs)
- 5.9 Government Saving Schemes
- 5.10 National Pension System (NPS)
- 5.11 Public Provident Fund (PPF)
- 5.12 Goal-based Asset Allocation
- 5.13 Goal-based Asset Allocation Calculator

Module 6 - Borrowing Money
- 6.1 Borrowing versus Investing
- 6.2 Home Loans and Car Loans
- 6.3 Buy Now Pay Later
- 6.4 Using Credit Cards
- 6.5 Action Plan to Repay Debt

Module 7 - Insurance
- 7.1 Term Life Insurance
- 7.2 Health Insurance
- 7.3 Property Insurance

Module 8 - Income Tax
- 8.1 Introduction to Income Tax
- 8.2 Calculating Income Tax
- 8.3 Planning tax outgo
- 8.4 Filing Income Tax Return
- 8.5 Income Tax Calculator

Module 9 - Leaving behind Wealth
- 9.1 Unclaimed financial assets in India
- 9.2 Filling Nominee forms
- 9.3 Writing a Will

Module 10 - Mind and Money
- 10.1 Discover Money Beliefs
- 10.2 Money Beliefs and Associated Behaviors
- 10.3 Rewiring Money Beliefs
- 10.4 Consulting Experts

Module 11 - Introduction to Entrepreneurship
- 11.1 Introduction to the concept of enterprise
- 112 Examples of Real world enterprises
- 11.3 Types of enterprises - Overview
- 11.4 Discussion on young entrepreneurs
- 11.5 Characteristics of entrepreneurs
- 11.6 Advantages and Disadvantages of entrepreneurship
- 11.7 Jobs Vs Entrepreneurship
- 11.8 Types of Entrepreneurships

Module 12 - ideation and Opportunity Recognition
- 12.1 Exploring ideas: Starting with your own idea
- 12.2 Using pre-existing ideas
- 12.3 Sources of ready ideas and schemes
- 12.4 Market survey -How to gather information
- 12.5 Secondary study and reports
- 12.6 Primary study
- 12.7 Identifying and analyzing competitors and their products
- 12.8 Identifying your target markets: Identifying who will buy, geography
- 12.9 Customer types - tools and templates to shortlist market segment

Module 13 - Entrepreneurial Challenges and Risks
- 13.1 Identifying and Mitigating Risks
- 13.2 Legal and Regulatory Challenges
- 13.3 Dealing with Failure and Setbacks

Module 14 - Conclusion
- 14.1 Ideate and Plan Your Business
- 14.2 Secondary Market Research
- 14.3 Developing Market Strategy
- 14.4 Financial Forecast
- 14.5 Elevator Pitch

Self Learning Material (SLM)

Self - Assessment

Capstone Project

Discussion Forum

Internship Certificate

Instructor

Shilpa Bhaskar Gole

> Financial Fitness Coach FFC® > FPSB™ Investment Planning Specialist > FPSB™ Retirement & Tax Planning Specialist

Investment and Tax Planning Specialist

Shilpa holds an MBA from the Institute of Rural Management Anand (IRMA), Gujarat and a graduate degree in Civil Engineering from RVCE, Bangalore. She started her career with Dvara Solutions, designing financial products and wealth management solutions for customers in remote rural India. Shilpa is a certified Financial Fitness Coach FFC® and an FPSB™ Investment Planning Specialist. With her passion to see financially confident people around the world, she founded Nerdy Bird Financial Wellness. Shilpa conducts one-to-one as well as group financial wellness sessions to deepen awareness, action and confidence around money.

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