C2 Money REVIEW LECTURE

Content Jobs Stock Market Spending Insurance Earning Life Plan Saving Real Estate Investing Retirement

JOBS What kind of work will you enjoy? What kind of work are you good at? What kind of work is valuable? If you can find all three, you have found the perfect job for you 

JOBS The future of jobs (automation/globalization) Private sector vs. public sector vs. self-employed Salary and other benefits Commute?

JOBS What skills can you build now to help you get a job? Can you network now? Internship/work experience/part-time work

SPENDING Value of spending Earn – spend gap

SPENDING You have a lot of power over your spending Focus on three big wins: -housing -transport -food

SPENDING Continue living like a student Don’t go shopping with your new salary Understand yourself: what brings you joy? Think about opportunity cost

SPENDING Make sure your partner shares your values Consider where you work

EARNING Think about your career, not your job Change jobs to increase your salary

EARNING Other ways to earn: -part-time/side job -investments -real estate -royalties

SAVING This is the most important thing for healthy finances Saving is forever, not for short-term goal Save a certain amount each month (10-30%+) Have an emergency fund Understand inflation!

INVESTING Investing is using money to make more money It is not gambling Investing multiplies your savings Diversify Understand what you are investing in

INVESTING You can invest in: -yourself (training, qualifications, etc.) -stock market -real estate -business

STOCK MARKET Allows normal people to buy and sell stocks/bonds/etc. A stock is a piece of a company Stocks can give you dividends and capital gains A bond is lending money to a company or government Bonds can give you interest and return your money

STOCK MARKET Fees are important Investing is simple: -buy cheap funds -diversify -don’t try to buy and sell, just keep for a long time

STOCK MARKET NISA iDeCo

INSURANCE Insurance is to help you avoid catastrophic loss Don’t pay too much for insurance Understand what your insurance is for Japanese people pay too much for insurance

LIFE PLAN Making a life plan helps you reach your goals A life plan will change all the time Look at it once a year and make any changes Share your life plan with your friends/family/partner

REAL ESTATE Buy or rent? Understand all the costs Short-term or long-term? Will you need to move in the future? House or manshon?

RETIREMENT Think about it now Understand your options Pay nenkin Invest yourself (NISA/iDeCo) Think about your life after retirement

Purpose Not English Personal finance knowledge and skills By learning this you can improve your life 1,000%+ BUT you must continue learning by yourself Retirejapan.com お金の教養

TEST Open book test Answer two questions Write about one page for each 40-60 minutes