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Pick a path, then a step

Household money for a first paycheck. Buying a home for a first mortgage. Models and deals for a first model. Compound interest is a later lesson on the household path, not the front door.

Middle school through a first paycheck

Class and household

Start with simple interest, then a wage, then a paycheck, then a budget and credit. Compound interest is a later lesson, not the door.

  1. 01Simple interest
  2. 02Hourly wage to a year
  3. 03What a paycheck actually pays
  4. 04A 50/30/20 split
  5. 05A budget that still has a leftover
  6. 06Net worth
  7. 07Credit utilisation
  8. 08Emergency fund
  9. 09Credit score
  10. 10Credit cards
  11. 11Student loans
  12. 12Then compound interest
  13. 13401(k) match

First mortgage, not a first finance class

Buying a home

Payment, extra principal, PMI, and points sit on one loan. Rent against buy is a later question, not the first one.

  1. 01Monthly payment
  2. 02Extra principal
  3. 03PMI
  4. 04Discount points
  5. 0515 year against 30 year
  6. 06Rent against buy

Undergrad through investment banking

Models and deals

Statements, leverage ratios, enterprise value, then free cash flow, DCF and WACC. Spreadsheet work is the same arithmetic as the household path, with different labels.

  1. 01Financial statements
  2. 02Leverage ratios
  3. 03Interest coverage
  4. 04Cash conversion cycle
  5. 05Enterprise value
  6. 06Unlevered free cash flow
  7. 07ROIC
  8. 08ROE
  9. 09Unlevered beta
  10. 10Price to earnings
  11. 11Offer premium
  12. 12Discounted cash flow
  13. 13WACC
  14. 14NPV and IRR
  15. 15Bond duration
  16. 16Cap rate