This video is about the basic finance / financial concepts required to effectively and consciously manage our personal finances.
One common reason / excuse for not managing our personal finances effectively is not having a degree in finance or not having the financial knowledge / background – and that finance is complicated / boring. However, the comforting prospect is that, if you have the patience to sift through the seemingly complicated financial concepts, investment models and structures, what lies at the core for managing or personal finances is just few basic financial terms and a keen understanding of the intricate interplay between them.
Therefore, in this video, we will cover the basic and fundamental financial concepts / metrics used by companies to measure, compare and improve financial performance which can used to measure and improve our personal finances as well. Fully aware that this could end up being an abstruse, humdrum talk on finance, we will not delve too much into the financial concepts but rather focus our discussion today on the practical aspects of these key financial concepts.
A brief summary of what we will cover in this video are:
1) 5 Financial Metrics: Income, Expenses, Assets, Liabilities & Cashflows
2) 3 Financial Statements: Profit & Loss Statement, Balance Sheet and Cashflows Statement
3) How we can apply these 5 terms and 3 statements to manage our personal finance
Hopefully, after watching this video, not having a background in finance or not having the financial knowledge would no longer be reason / excuse for not being able to manage our personal finances effectively.
But, before we start, if you like this initiative, do consider subscribing my channel (if you haven’t already done so) and please do not forget to hit the like button and leave your comments / feedback – as it tells to make more / improve my videos! Thanks!
So, let’s begin!
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Cheers!
Francis O Haokip
#FranChing #PersonalFinance #BasicFinance
Interesting 👍
Great video…..👍👍👍
Eimi version in jong hin bol g o,we need this kind of financial guide in our society,eimi version for parents
Good information…
Kept it up…
👍👍👍
👍
Interested.
💡👍👍
Kipa aum e, Houpu
Nahetna ho nahin hopson hi thil mantam tah ahi
great inattentive for the youngstars ufrancis 👏👏👏👏👍👍
Good… Subscribed coz Joicy told me to…😶👏
Well said,thank you U Francis …words really helpful.
👍👍
This is what we are waiting for👏
Awesome …!
Great message 👍 God bless you 🙏
👍🏻👍🏻 bro
Great 👍👍
Kicheh set a eihil u ahin iphatchom pi teidiu kinep aume
Salute👍
Very helpful for me. Thanks pu
Great initiative n much needed details n information in our nescient society.
Wow great …Keep it up👏👏😍
Well done bro
👍
UFrancis interesting lheh e👍
iSociety sung'u hi nangho jal'a ikikhel diu kinep aum'e.
Worth listening Francis
Great
I guess the thumnail needs more work.
Great presentation.superb👍👍👍
Worth Sharing👍👍👍
Good explanations tho….. What sorts of entreprenuerships do u think is highly favourable in our eimi inhabited areas of manipur where we can run a chain of bussiness institute in diff parts of our areas?
I Love this channel ✌️😁
Great initiative…✌️
Good and simple explanation 👍 hepu…
One query hepu, ipi jeh a minute khat kah a Billionaire ho khu minute khat kah a a billion a sim a mansah jiu ham???
Stock market um dan le invest abol dan u chung chang jong hetnom aum lheh e hepu…
Nbol hoi e bro.. keep going👌👌👍👍👍..
Eiho pao ah jong hin bol o na🙏
Kakipah e…. Hetkhah louhiel khat kahedih e.
Bro ahithei le n video jouse hi kuki pao hisoh keile ktie, English cu akihe nan hijngle chamkim tah in aki understand jou ji hih e😅
More choice,pealvine paisa invest Kibol hohi atah ahi mong nadem?more choice hi fraud/fake/scam ahi poi atiu e..India Sunga 27 office lang um Imphal a jong office khat ahong kit uvin….etc…tahsan thei ahi mong nadem?
Guh thima video nanbol d kana nga kei ahe…sir
Thank you so much
🥳It is so helpful for me
Like as a revision since I'm a commerce student that these are the main concepts and also im interested in business and it is very clear and very helpful for me. I like to listen again and again because nothing can be thrown away in your words. Keep it up brother 👍🙏