Here at FIRE University we break our classes down into groups of mini-classes that are designed to last no more than 1 week at a time and are grouped together to last for one month. Below is a list of our current classes being offered.
Week 1 – Goal Setting – In this class we start by learning how to set goals that are both measurable and attainable. We learn to create long term goals and then break them down into smaller goals. In this course students will learn to define their WHY or their ultimate reason for pursuing FIRE. Our schools motto is that a ship without a destination will never set sail and a captain without a map will get lost at sea.
Week 2 – Budgeting – In this class we will take a look at our personal spending and learn to distinguish between needs and wants. Needs will include shelter, food, transportation, clothing, utilities, etc.. and wants will include entertainment and non-essential items that we don’t need but make us happy. In this class students will each be given a virtual person or family to set a budget for and present it to the class.
Week 3 – Income – In this class students will explore ways to increase their income by making themselves more valuable as employees and learn little secrets to asking for raises and perks at work. We will discuss how to achieve 10-20% and higher annual salary increases and ways to save money on things like transportation and dining out. Students will also be given the task of creating a small company (side hustle) that they will present to the class along with a projected one year balance sheet of income, expenses, and assets.
Week 4 – Investing – In this class students will learn how to invest the money that they have now that there is a surplus of cash from learning to budget. Students will learn the difference between asset classes such as stocks, bonds, gold, and real estate, plus how each can be used to store or create wealth.
In our class we will learn to create a properly balanced portfolio, we analyze Mr. F.U’s personal portfolio which focuses on only four index funds VTI, VEU, BND, VNQ and how he is able to spend only a couple hours a year checking his portfolio. Students will learn the difference between tax advantaged retirement accounts such as 401K, IRA, ROTH IRA, HSA, 403B, and the individual non-tax advantaged accounts. Students will learn how to decide which accounts are best for them and how to create long term retirement strategies utilizing multiple accounts.
After completing the course students will be offered continuing education classes that look at more complex investment vehicles such as real estate and small businesses. All students will be asked to take a class on taxes that will show them how to properly minimize their taxable income and save thousands to millions of dollars over a lifetime.
How do you sign up for classes? That’s a great question and I’m glad you asked. Signing up for classes is really simple, first go to our website and find the CONTACT US page, simply send us a quick message and if possible include a little information about yourself and anything you want to share to help us get to know you better.
From there we take over and you will receive an email updating you on when the next class enrollment period will be. Students will also receive a free E-Book at the end of the semester that is theirs to keep.