20 answers
Ade
Student
El Cajon, California
1
Question
Asked
4317 views
What is one class that can help me understand financial planning?
I am a freshman in high school. One of my favorite classes is English and world cultures, when I go to college I am thinking about taking business classes so that I could run my own business. I just wanted to know what I could do for college.
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20 answers
Logan Kuenstler
Analyst
7
Answers
Cedar Park, Texas
Updated
Logan’s Answer
Personal Finances courses of any kind. This was the most helpful course for me in college because it shows you how to balance your own finances while also responsibly investing
Michelle M.
Entertainment Industry
1913
Answers
Updated
Michelle’s Answer
Hello, Ade !
When you enroll in college you can take a financial planning course along with your business courses. There are also small schools that offer a diploma or a certificate in financial planning. The best way to discover an understanding of it now is to research on line through a search. Read articles like the one in the link I have left for you below. Search for video presentations about it on You Tube. It will be good to have a basic understanding of it before you go to college.
Once you are ready to apply to college, you may want to return to resources on the internet for more updated financial planning information.
Best wishes to you !
FINANCIAL PLANNING https://www.forbes.com/sites/timmaurer/2022/02/20/financial-planning-what-its-not-and-what-it-is/
When you enroll in college you can take a financial planning course along with your business courses. There are also small schools that offer a diploma or a certificate in financial planning. The best way to discover an understanding of it now is to research on line through a search. Read articles like the one in the link I have left for you below. Search for video presentations about it on You Tube. It will be good to have a basic understanding of it before you go to college.
Once you are ready to apply to college, you may want to return to resources on the internet for more updated financial planning information.
Best wishes to you !
Michelle recommends the following next steps:
Austin Limmer
Software Strategy & Operations
4
Answers
Houston, Texas
Updated
Austin’s Answer
Hey there,
Congrats on thinking ahead! If the intent is to run your own business one day highly recommend taking and reading up on accounting 101, it will give you the foundation to tackle more complex financial topics.
Best of luck!
Congrats on thinking ahead! If the intent is to run your own business one day highly recommend taking and reading up on accounting 101, it will give you the foundation to tackle more complex financial topics.
Best of luck!
Caroline Abate
Financce
12
Answers
Boston, Massachusetts
Updated
Caroline’s Answer
Hi Ade!
I would definitely recommend a personal finance class. Most colleges offer business 101 / intro to business classes that would give you a good overview of business. Some colleges even offer entrepreneurship classes that would cater specifically to your want to run your own business. You could even consider a general business minor in college, which would most likely require you to take accounting, marketing, and finance classes and would give you a well-rounded understanding of business.
Best of luck!
I would definitely recommend a personal finance class. Most colleges offer business 101 / intro to business classes that would give you a good overview of business. Some colleges even offer entrepreneurship classes that would cater specifically to your want to run your own business. You could even consider a general business minor in college, which would most likely require you to take accounting, marketing, and finance classes and would give you a well-rounded understanding of business.
Best of luck!
Jerome Dees Jr.
Sales Professional and Networking Expert
613
Answers
San Francisco, California
Updated
Jerome’s Answer
Great question! If you can find a business math course, I felt like what was reviewed in mine was all relevant to the company I started.
You will likely find that there is a basic math requirement for any AA degree. A intro to accounting was tough for me, but if you can’t find a business math course, that might be another way to go.
You will likely find that there is a basic math requirement for any AA degree. A intro to accounting was tough for me, but if you can’t find a business math course, that might be another way to go.
Nic Beigel
Financial Analyst
4
Answers
Hopkinton, Massachusetts
Updated
Nic’s Answer
Hi Ade,
If you are interested in running your own business, you should 100% take a class in basic financial accounting (income statement, balance sheet, cash flows). You can hire someone to actually perform the accounting when you start a business, but you MUST have an understanding of these three main financial statements if you want to make sound decisions as a business owner. As good of an idea a business is, it can only work if the company generates money and is profitable. As the business owner you need to have an understanding of your company's financial situation in order to make the correct decisions.
As a high school student, another helpful class you could take is personal finance if you school offers it. Learning how to correctly manage your own money will translate over to correctly managing your company's money. This is also a topic you do not need to take a class on, search up some videos on youtube or tiktok about some of the personal finance questions you may have. You can often learn more from these videos than your high school business teacher. Having a background on these types of topics will also carry over to college and help in the business classes you plan on taking.
Hope this helps!
If you are interested in running your own business, you should 100% take a class in basic financial accounting (income statement, balance sheet, cash flows). You can hire someone to actually perform the accounting when you start a business, but you MUST have an understanding of these three main financial statements if you want to make sound decisions as a business owner. As good of an idea a business is, it can only work if the company generates money and is profitable. As the business owner you need to have an understanding of your company's financial situation in order to make the correct decisions.
As a high school student, another helpful class you could take is personal finance if you school offers it. Learning how to correctly manage your own money will translate over to correctly managing your company's money. This is also a topic you do not need to take a class on, search up some videos on youtube or tiktok about some of the personal finance questions you may have. You can often learn more from these videos than your high school business teacher. Having a background on these types of topics will also carry over to college and help in the business classes you plan on taking.
Hope this helps!
Bhupendra Khandelwal
Tech Support Analyst
19
Answers
Edison, New Jersey
Updated
Bhupendra’s Answer
Superb query! It's fantastic that you're planning ahead! A class that could guide you in comprehending financial planning is a Personal Finance or Financial Literacy class. This course will impart the basics of managing personal finances, such as budgeting, saving, investing, and deciphering credit. You'll acquire the skills to make wise financial choices and strategize for your future. Moreover, enrolling in business classes during college will undoubtedly assist you in realizing your dream of owning your own business. Think about attending classes like Accounting, Economics, and Entrepreneurship to get a firm grasp of business concepts. Keep in mind, it's never premature to start learning about financial planning and entrepreneurship! Best of luck!
Tina M Collura-George
Content Manager
3
Answers
South Plainfield, New Jersey
Updated
Tina M’s Answer
Hi Ade,
Both of my daughters were required to take a Personal Finance/Financial Literacy class to graduate high school here in NJ.
I would get with your guidance counselor and see if your school has the same requirement, if not you may wish to look at your local community college for a course in Personal Finance/Financial Literacy.
It is wonderful that you are thinking about this subject, because the better prepared you are once you graduate high school the better off you will be. The class here in NJ includes needed subjects like: Opening a bank account, balancing a check book (old world I know), How to set up & maintain a Budget, general Tax information, etc. The class even gave each student the chance to (in class) Budget/Plan a Wedding, Budget/Rent an Apartment, Plan to open a small business.
Before setting off to college - these simple life skills will be very helpful.
Best regards - Tina
Both of my daughters were required to take a Personal Finance/Financial Literacy class to graduate high school here in NJ.
I would get with your guidance counselor and see if your school has the same requirement, if not you may wish to look at your local community college for a course in Personal Finance/Financial Literacy.
It is wonderful that you are thinking about this subject, because the better prepared you are once you graduate high school the better off you will be. The class here in NJ includes needed subjects like: Opening a bank account, balancing a check book (old world I know), How to set up & maintain a Budget, general Tax information, etc. The class even gave each student the chance to (in class) Budget/Plan a Wedding, Budget/Rent an Apartment, Plan to open a small business.
Before setting off to college - these simple life skills will be very helpful.
Best regards - Tina
Patrick Meyer
Executive - Data Analytics and AI
780
Answers
Naperville, Illinois
Updated
Patrick’s Answer
Ade, thank you for having the courage to ask your question. Your early curiosity about financial planning is impressive. To kickstart your journey, consider enrolling in a beginner's class on personal finance. This will help you grasp fundamental ideas like budgeting, saving, and investing, which will prove useful throughout your life.
When my son was in high school, he took a business course that provided him with a basic understanding of financial management. As a freshman, you might want to explore if your school offers a similar course. Reach out to your counselor or browse through your course catalog to find out.
Another approach could be to delve into basic financial literacy or introductory business courses. These will equip you with the essential knowledge needed for sound financial decision-making. You'll find that many colleges offer programs in business administration, finance, or entrepreneurship that align with your future aspirations.
To bolster your understanding of financial concepts, consider taking more math courses throughout high school. As you work towards college, focus on maintaining solid academic performance, participating in extracurricular activities, and seeking internships or part-time jobs in the business and finance sectors.
Your love for English and world cultures can enhance your business education, providing a unique viewpoint. As you chart your academic and career journey, don't hesitate to seek advice from teachers, counselors, and professionals in the field.
When my son was in high school, he took a business course that provided him with a basic understanding of financial management. As a freshman, you might want to explore if your school offers a similar course. Reach out to your counselor or browse through your course catalog to find out.
Another approach could be to delve into basic financial literacy or introductory business courses. These will equip you with the essential knowledge needed for sound financial decision-making. You'll find that many colleges offer programs in business administration, finance, or entrepreneurship that align with your future aspirations.
To bolster your understanding of financial concepts, consider taking more math courses throughout high school. As you work towards college, focus on maintaining solid academic performance, participating in extracurricular activities, and seeking internships or part-time jobs in the business and finance sectors.
Your love for English and world cultures can enhance your business education, providing a unique viewpoint. As you chart your academic and career journey, don't hesitate to seek advice from teachers, counselors, and professionals in the field.
Jacquelyn Poticny
Principle Engineer - PMO / Manager of Technology
19
Answers
New Jersey, New Jersey
Updated
Jacquelyn’s Answer
Ade - this is great you are starting to think about your future. You should check and see if any of the local colleges will allow you to take a finance course while in high school. My son did this while he was in high school and was able to even get the college credits. Another option is to start reading some personal finance books as well, as this will enable you to be exposed to financial acumen and provide a foundation. In college you can also choose to have a major and a minor, so an option could be to major in Business with a minor in English - giving you the best of both your passions.
I am a firm believer in the youth of today having a strong financial background so they are able to navigate the world of finance, credit cards, debt, etc....so they can set themselves up to be successful adults.
Start by checking with your local colleges and your guidance counselor at school as they might be able to assist you in identifying some viable options. All the best....JP
I am a firm believer in the youth of today having a strong financial background so they are able to navigate the world of finance, credit cards, debt, etc....so they can set themselves up to be successful adults.
Start by checking with your local colleges and your guidance counselor at school as they might be able to assist you in identifying some viable options. All the best....JP
Thiago Carmo
Business Development | MBA
40
Answers
Kirkland, Washington
Updated
Thiago’s Answer
Hello, Ade.
If you're a high school freshman with an interest in financial planning and a potential future in business, it would be beneficial to consider enrolling in courses like "Personal Finance" or "Financial Literacy." These courses aim to equip you with vital skills and knowledge required for managing personal finances, comprehending investments, and making informed financial choices.
Moreover, once you transition into college, it would be advantageous to delve into business and finance-related courses. Introductory subjects such as accounting, finance, or business management are worth exploring. These classes can lay a robust foundation for understanding essential concepts that will prove invaluable if you opt to establish your own business someday.
In addition, think about participating in business-oriented clubs or societies during your high school and college years. These can provide networking opportunities and a more profound comprehension of the business world. Engaging in extracurricular activities like entrepreneurship clubs or finance-centric competitions can also boost your practical skills and introduce you to real-life situations.
It's important to sustain a strong academic base, as competencies in areas like mathematics, communication, and critical thinking are vital in the realm of business. Lastly, seize opportunities for internships or part-time roles in business-associated fields to acquire hands-on experience and further explore your interests.
By merging your enthusiasm for English and world cultures with a firm grasp of financial planning and business principles, you'll be well-equipped for a future in business, potentially even managing your own venture.
If you're a high school freshman with an interest in financial planning and a potential future in business, it would be beneficial to consider enrolling in courses like "Personal Finance" or "Financial Literacy." These courses aim to equip you with vital skills and knowledge required for managing personal finances, comprehending investments, and making informed financial choices.
Moreover, once you transition into college, it would be advantageous to delve into business and finance-related courses. Introductory subjects such as accounting, finance, or business management are worth exploring. These classes can lay a robust foundation for understanding essential concepts that will prove invaluable if you opt to establish your own business someday.
In addition, think about participating in business-oriented clubs or societies during your high school and college years. These can provide networking opportunities and a more profound comprehension of the business world. Engaging in extracurricular activities like entrepreneurship clubs or finance-centric competitions can also boost your practical skills and introduce you to real-life situations.
It's important to sustain a strong academic base, as competencies in areas like mathematics, communication, and critical thinking are vital in the realm of business. Lastly, seize opportunities for internships or part-time roles in business-associated fields to acquire hands-on experience and further explore your interests.
By merging your enthusiasm for English and world cultures with a firm grasp of financial planning and business principles, you'll be well-equipped for a future in business, potentially even managing your own venture.
Alireza Poostindooz
financial consultant
41
Answers
Isfahan, Isfahan Province, Iran
Updated
Alireza’s Answer
That's great to hear that you're interested in taking business classes and potentially running your own business in the future! Understanding financial planning is a valuable skill that can greatly benefit you in managing personal finances as well as in running a business.
When you go to college, there are several classes that can help you gain knowledge in financial planning. Here are a few examples:
1️⃣ Personal Finance: This class typically covers topics such as budgeting, saving, investing, debt management, and retirement planning. It focuses on equipping individuals with essential financial skills for their personal lives.
2️⃣ Introduction to Accounting: This class introduces the basics of accounting, including financial statements, analyzing financial data, and understanding the flow of money in a business. It provides a solid foundation for understanding the financial aspects of running a business.
3️⃣ Finance: This course delves into various aspects of finance, such as financial analysis, risk management, investment strategies, and corporate finance. It provides a broader understanding of financial systems and principles.
While these are just a few examples, it's important to keep in mind that course offerings may vary across colleges and universities. When the time comes to choose your classes in college, explore the course catalog and seek guidance from academic advisors to identify specific classes that align with your interests and goals.
Additionally, you may also consider participating in extracurricular activities such as finance or investment clubs, entrepreneurial organizations, or internships related to financial planning and business. These experiences can provide practical knowledge and hands-on learning opportunities.
Good luck with your studies and future business endeavors! 📚💼
When you go to college, there are several classes that can help you gain knowledge in financial planning. Here are a few examples:
1️⃣ Personal Finance: This class typically covers topics such as budgeting, saving, investing, debt management, and retirement planning. It focuses on equipping individuals with essential financial skills for their personal lives.
2️⃣ Introduction to Accounting: This class introduces the basics of accounting, including financial statements, analyzing financial data, and understanding the flow of money in a business. It provides a solid foundation for understanding the financial aspects of running a business.
3️⃣ Finance: This course delves into various aspects of finance, such as financial analysis, risk management, investment strategies, and corporate finance. It provides a broader understanding of financial systems and principles.
While these are just a few examples, it's important to keep in mind that course offerings may vary across colleges and universities. When the time comes to choose your classes in college, explore the course catalog and seek guidance from academic advisors to identify specific classes that align with your interests and goals.
Additionally, you may also consider participating in extracurricular activities such as finance or investment clubs, entrepreneurial organizations, or internships related to financial planning and business. These experiences can provide practical knowledge and hands-on learning opportunities.
Good luck with your studies and future business endeavors! 📚💼
Lauryl Denega
Marketing Consultant
2
Answers
Vancouver, Washington
Updated
Lauryl’s Answer
Hello! Great question. Learning about personal finance in high school will not only set up to have great life skills but also help you understand the topic going into college.
I recommend joining a business club in high school, like DECA or Business Professional of America.
You can also look up a finance class on an online learning platform. I found a personal finance class for teenagers on Udemy for $17. You likely can find content on YouTube or TikTok as well but make sure that you are validating the source of the content as a reputable source. Typical financial advisors who give advice on social media will make sure to explain that they are legally obligated to give advice in their client's best interest.
You might also talk to your parents about opening up a banking account from a Bank that has checking/savings for teenagers. They will likely also have great resources to learn the basics of personal finance.
My last suggestion is to find a mock stock market investing game. There are sometimes clubs in high school that facilitate this but you could also find a game online that would let you learn in an interactive way.
Spending your time learning is always worthwhile!
I recommend joining a business club in high school, like DECA or Business Professional of America.
You can also look up a finance class on an online learning platform. I found a personal finance class for teenagers on Udemy for $17. You likely can find content on YouTube or TikTok as well but make sure that you are validating the source of the content as a reputable source. Typical financial advisors who give advice on social media will make sure to explain that they are legally obligated to give advice in their client's best interest.
You might also talk to your parents about opening up a banking account from a Bank that has checking/savings for teenagers. They will likely also have great resources to learn the basics of personal finance.
My last suggestion is to find a mock stock market investing game. There are sometimes clubs in high school that facilitate this but you could also find a game online that would let you learn in an interactive way.
Spending your time learning is always worthwhile!
Bianca Holland
Finance Analyst
1
Answer
Baltimore, Maryland
Updated
Bianca’s Answer
Greetings! If you're considering launching your own enterprise, enrolling in an entrepreneurship course could be a game-changer for you. This course will equip you with knowledge about finance, economics, marketing, and more. You'll gain the skills to craft a solid business plan, setting you up for success in your business journey.
Additionally, taking an accounting course can be a significant advantage, providing you with the tools to effectively manage your business finances. Mastering money management is crucial to ensure your business thrives and stays solvent.
I trust this information will guide you in selecting your courses. Here's wishing you a prosperous journey in all your future ventures!
Additionally, taking an accounting course can be a significant advantage, providing you with the tools to effectively manage your business finances. Mastering money management is crucial to ensure your business thrives and stays solvent.
I trust this information will guide you in selecting your courses. Here's wishing you a prosperous journey in all your future ventures!
Xiaojie Johan Liu
Consultant
91
Answers
Boston, Massachusetts
Updated
Xiaojie Johan’s Answer
Hello Ade,
This is a great answer as financial planning is extremely important for the future! I'd recommend enrolling into any similar course either at a community college, your eventual university or just even an online course. Googling some financial planning videos and watching them from time to time will also greatly help your financial literacy.
Best of luck!
Thanks,
Johan
This is a great answer as financial planning is extremely important for the future! I'd recommend enrolling into any similar course either at a community college, your eventual university or just even an online course. Googling some financial planning videos and watching them from time to time will also greatly help your financial literacy.
Best of luck!
Thanks,
Johan
Ana Sofia Marengo
Financial Analyst
2
Answers
Panama City, Panama
Updated
Ana Sofia’s Answer
Hi!!
One class that can help you to understand financial planning could be classes like personal finance, financial planning , budgeting, or financial management
One class that can help you to understand financial planning could be classes like personal finance, financial planning , budgeting, or financial management
Logan Kuenstler
Analyst
7
Answers
Cedar Park, Texas
Updated
Logan’s Answer
Personal Finances courses of any kind. This was the most helpful course for me in college because it shows you how to balance your own finances while also responsibly investing.
deborah kania, bfa, mba
Marketing
70
Answers
New Bern, North Carolina
Updated
deborah’s Answer
Hello Ade! I appreciate that you are thinking ahead and preparing for your future.
Many high schools offer personal financial planning and business classes. I suggest you start there. And, Some schools also offer college businesses classes in high school when you are a junior or senior. Classes such as business, marketing, accounting, etc.
If you high school does not offer personal financial planning, there are some free online courses. See link for Khan Academy.
I suggest also joining a business-related club at the school, if this is possible for you. FBLA (Future Business Leaders of America) and/or DECA, or similar club, may be available at your high school.
https://www.khanacademy.org/college-careers-more/personal-finance
Many high schools offer personal financial planning and business classes. I suggest you start there. And, Some schools also offer college businesses classes in high school when you are a junior or senior. Classes such as business, marketing, accounting, etc.
If you high school does not offer personal financial planning, there are some free online courses. See link for Khan Academy.
I suggest also joining a business-related club at the school, if this is possible for you. FBLA (Future Business Leaders of America) and/or DECA, or similar club, may be available at your high school.
deborah recommends the following next steps:
Sydney Sanders
accounting
1
Answer
Austin, Texas
Updated
Sydney’s Answer
Hey there! I think the best route to running your own business would be to take accounting and entrepreneurship classes.
Jason Archer
Consulting
16
Answers
Seattle, Washington
Updated
Jason’s Answer
Fantastic query! Achieving financial independence is a rewarding journey that will continue to benefit you throughout your life. I highly recommend exploring Dave Ramsey's insightful publications on personal finance strategies, particularly on managing student debt. As a young individual, you have numerous opportunities that can pave the way for a myriad of choices in the future. Remember, being frugal is a hallmark of wisdom when it comes to financial matters.