Master personal financial planning and investment
Available on iPhone/iPad and Android
Personal Finance is available on both platforms
iPhone/iPad: download the single MasterNow app from the App Store — Personal Finance is included with all subjects. Android: download the dedicated Personal Finance subject app from Google Play.
180
Sub Topics
555
MCQs
306
MCOs
446
True/False
249
Fill Blanks
93
Rearrange
222
Matching
123
Comprehensions
200
Flashcard Decks
Curriculum
What You'll Learn
01 Financial Foundations 3 topics
1 Understanding Money
- History and Purpose of Money
- Types of Currency
- Fiat vs Digital Currency
2 Financial Literacy Basics
- Financial Terminology
- Reading Financial Statements
- Financial Mathematics Fundamentals
3 Personal Financial Assessment
- Net Worth Calculation
- Financial Health Indicators
- Setting Financial Baselines
02 Income Management 3 topics
1 Income Sources
- Employment Income
- Self-Employment and Business Income
- Passive Income Streams
2 Understanding Compensation
- Salary vs Hourly Wages
- Benefits and Perquisites
- Negotiating Compensation
3 Income Growth Strategies
- Career Development
- Side Hustles and Gig Economy
- Human Capital Investment
03 Budgeting and Cash Flow Management 3 topics
1 Budgeting Principles
- Zero-Based Budgeting
- 50/30/20 Budgeting
- Envelope System
2 Expense Tracking and Management
- Fixed vs Variable Expenses
- Discretionary vs Non-Discretionary Spending
- Digital Tools for Expense Tracking
3 Cash Flow Optimization
- Cash Flow Forecasting
- Managing Seasonal Income Fluctuations
- Building Cash Reserves
04 Banking and Money Management 3 topics
1 Banking Fundamentals
- Types of Bank Accounts
- Traditional vs Online Banking
- Banking Fees and Services
2 Payment Methods
- Cash, Checks, and Electronic Transfers
- Digital Payment Platforms
- International Money Transfers
3 Strategic Account Management
- Multiple Account Systems
- Money Movement Automation
- Banking Security Practices
05 Credit and Debt Management 3 topics
1 Understanding Credit
- Credit Scores and Reports
- Credit Building Strategies
- Credit Monitoring
2 Consumer Debt
- Types of Consumer Debt
- Good Debt vs Bad Debt
- Debt Consolidation
3 Debt Repayment Strategies
- Avalanche vs Snowball Methods
- Refinancing and Restructuring
- Debt Negotiation and Settlement
06 Saving and Emergency Planning 3 topics
1 Importance of Saving
- Psychology of Saving
- Saving Rate Targets
- Automated Saving Systems
2 Emergency Fund Planning
- Emergency Fund Sizing
- Emergency Fund Placement
- Emergency Fund Deployment Guidelines
3 Short-Term Savings Goals
- Saving for Large Purchases
- Sinking Funds
- Opportunity Funds
07 Investment Fundamentals 3 topics
1 Investment Basics
- Risk vs Return Relationships
- Power of Compounding
- Dollar-Cost Averaging
2 Asset Classes
- Stocks and Equities
- Bonds and Fixed Income
- Cash and Cash Equivalents
3 Investment Vehicles
- Mutual Funds and ETFs
- Individual Securities
- Brokerage Accounts
08 Retirement Planning 3 topics
1 Retirement Basics
- Retirement Needs Analysis
- Retirement Income Sources
- Retirement Timing
2 Retirement Accounts
- Employer-Sponsored Plans (401k, 403b, etc.)
- Individual Retirement Accounts (Traditional and Roth IRAs)
- Self-Employed Retirement Options
3 Retirement Withdrawal Strategies
- Safe Withdrawal Rates
- Tax-Efficient Withdrawals
- Required Minimum Distributions
09 Tax Planning and Strategy 3 topics
1 Tax Fundamentals
- Tax Systems and Structures
- Income Tax Calculations
- Tax Deductions vs Credits
2 Tax-Efficient Investing
- Tax-Advantaged Accounts
- Tax-Loss Harvesting
- Asset Location Strategies
3 Advanced Tax Planning
- Tax Planning for Life Events
- Multi-Year Tax Strategies
- Working with Tax Professionals
10 Insurance and Risk Management 3 topics
1 Insurance Principles
- Risk Assessment
- Insurance Policy Components
- Self-Insurance vs Traditional Insurance
2 Types of Insurance
- Health Insurance
- Life Insurance
- Property and Casualty Insurance
3 Advanced Risk Management
- Disability Insurance
- Umbrella Liability Insurance
- Long-Term Care Insurance
11 Estate Planning 3 topics
1 Estate Planning Basics
- Wills and Probate
- Power of Attorney and Healthcare Directives
- Beneficiary Designations
2 Wealth Transfer Strategies
- Trusts and Trust Types
- Gift and Inheritance Tax Planning
- Charitable Giving Strategies
3 Legacy Planning
- Digital Asset Planning
- Business Succession Planning
- Ethical Wills and Legacy Documentation
12 Housing and Real Estate 3 topics
1 Housing Decisions
- Renting vs Buying Analysis
- Housing Affordability Metrics
- Geographic Considerations
2 Home Buying Process
- Mortgage Types and Selection
- Down Payment Strategies
- Closing Costs and Processes
3 Real Estate as Investment
- Residential Real Estate Investing
- Commercial Real Estate
- REITs and Crowdfunded Real Estate
13 Education Planning 3 topics
1 Education Funding Strategies
- Education Cost Projections
- Education Savings Accounts (529 Plans, ESAs)
- UTMA/UGMA Accounts
2 Financial Aid and Scholarships
- FAFSA and Financial Aid Process
- Scholarship and Grant Strategies
- Work-Study and Internships
3 Student Loan Management
- Federal vs Private Student Loans
- Repayment Plan Options
- Loan Forgiveness Programs
14 Behavioral Finance 3 topics
1 Psychology of Money
- Cognitive Biases in Financial Decisions
- Emotional Relationship with Money
- Financial Values Clarification
2 Financial Decision-Making
- Decision-Making Frameworks
- Overcoming Decision Paralysis
- Balancing Logic and Intuition
3 Financial Habits and Systems
- Building Sustainable Financial Habits
- Financial Maintenance Routines
- Accountability Systems
15 Advanced Investment Strategies 3 topics
1 Portfolio Theory
- Asset Allocation Models
- Modern Portfolio Theory
- Factor Investing
2 Alternative Investments
- Private Equity and Venture Capital
- Commodities and Precious Metals
- Cryptocurrency and Digital Assets
3 Advanced Portfolio Management
- Portfolio Rebalancing Strategies
- Tax-Efficient Portfolio Management
- Sustainable and ESG Investing
16 Financial Independence 3 topics
1 Financial Independence Concepts
- FIRE Movement (Financial Independence, Retire Early)
- Financial Independence Calculations
- Coast FI, Barista FI, and Other Variations
2 Lifestyle Design
- Minimalism and Intentional Spending
- Geographic Arbitrage
- Work Optional Lifestyle
3 Post-Financial Independence
- Purpose and Meaning Beyond Money
- Second Careers and Encore Careers
- Giving Back and Philanthropy
17 Financial Technology 3 topics
1 Digital Financial Tools
- Personal Finance Apps and Software
- Investment Platforms
- Financial Automation Tools
2 Financial Security
- Identity Theft Prevention
- Digital Security Best Practices
- Financial Fraud Protection
3 Emerging Financial Technologies
- Blockchain and Distributed Ledger Technology
- Artificial Intelligence in Finance
- Open Banking and API Integrations
18 Business and Entrepreneurship Finance 3 topics
1 Business Startup Finance
- Business Models and Revenue Streams
- Startup Funding Options
- Bootstrapping Strategies
2 Business Financial Management
- Business Accounting Fundamentals
- Cash Flow Management for Businesses
- Pricing Strategies and Profit Margins
3 Business Financial Planning
- Business Budgeting and Forecasting
- Business Tax Planning
- Exit Strategies and Business Valuation
19 Global Finance 3 topics
1 International Financial Planning
- Currency Risk Management
- International Tax Considerations
- Cross-Border Estate Planning
2 Global Investment Opportunities
- International Market Investing
- Emerging Markets
- Global Diversification Strategies
3 Expatriate Finance
- Financial Planning for Expats
- International Banking
- Repatriation Financial Strategies
20 Financial Life Planning 3 topics
1 Life Transitions
- Career Transitions
- Family Formation and Growth
- Divorce and Financial Separation
2 Comprehensive Financial Planning
- Goal Setting and Prioritization
- Financial Plan Integration
- Working with Financial Professionals
3 Financial Wellness
- Balancing Financial and Life Goals
- Financial Stress Management
- Creating a Financial Legacy
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