While attending a workshop for Trainers, I remembered that I have been planning a “Personal Finance Workshop” for quite some time. I have been telling myself that one should “Do it well, or don’t do it”. The result: no progress!
Let me list out the workshop objectives and the things that I want to cover in the workshop to get me re-started on this job.
Workshop Objective:
The workshops will help the households to make better financial decisions and avoid common financial mistakes
Workshop Contents:
- What is Personal Finance? Part 2, Part 3
- Expectations of the Participants.
- Overview of Financial Products.
- Financial Goals.
- Magic of Compounding.
- Rupee Cost Averaging.
- Playing with Numbers. Fear of Numbers
- Personal Spending Plan.
- Insurance Cover
- Mutual Funds/ETF
- Stocks
- Real Estate Planning
- Credit Cards
- Documentation/Legal Aspects(Wills)/
- Planning for your Children
- Retirement Planning
- Scheduling a Money Day
- Tax Planning
Pretty long list! Do you want to add anything more? Atleast it gives you a sense that personal finance is a pretty serious thing!! 
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Would you recommend building an emergency fund?
Swaroop, under the “Conscious Spending Plan”, I would differentiate between Savings & Investments and under Savings, I would definitely recommend building the emergency fund.
Looks very good and something I think a lot of people would be interested in. The faster you get in the better
Thanks Kanishka. More than anything else, it feels great to have fantabulous guys like you and Swaroop stopping by on my blog!!
I think there is too much breadth. The workshop would attract two types of participants – novices, who haven’t yet started or just starting out on getting into personal finance, and more advanced practitioners, who have some aspects of their personal finance already in place. These two audiences are going to want very different types of content — like for eg topics 1 to 8 would attract novices and 9 onwards for the advanced audience.
I think this list could be made into two workshops, focusing on the needs of these particular audiences and going into depth on the smaller set of topics. Someone who wants to get the entire breadth can attend both the workshops.
Another way I would approach is based on age group – someone in 20s will have different needs than someone in 30s than someone in 50s. For eg, planning for children’s future will have little interest with the 20s crowd but would be of great interest to the 30s group.
One topic that is missing in the list is ‘managing debt’.
Will this be an in-person workshop ? If so, where will it be held. Thanks.
@Kaushik
Yes. It’s a WIP thing. will keep you updated. Thanks
@Gowri
Thanks for the thoughtful comment. It does make a lot of sense. Thanks again
Each people should have such a good financial planning for themselves. Firstly it might look easy to create financial plans but along with the run of time all of what we have planned before is sometimes not too easy to be done. This would be more important and crucial for they who have become a family.
All personal financial planning begins with life insurance. Thanks for the blog post.
Insurance is one important aspect. But not the only one.