If you’re searching for Personal Finance Club reviews, you’re in the right place…this is my personal review of the online course How to Build Wealth by Investing in Index Funds created by Personal Finance Club founder, Jeremy Schneider.
Since you’ve landed on this article, I’m going to assume you’re ready to start investing and/or you’re looking to learn how to invest…
Either way, I applaud you for doing your research – I’m a BIG believer in being our own advocate when it comes to investing…in fact, it’s one of my biggest pieces of advice for beginning investors!
It’s always a good idea to vet the online personal finance courses you purchase – there are just too many internet scammers looking to take advantage of people, especially when it comes to investing.
I’m a huge fan of reading course reviews before I make a purchase.
I find it super helpful to learn about other peoples’ experiences and I believe it’s helped me (more than once) to avoid wasting much money on sub-par products.
How to Build Wealth by Investing in Index Funds: An Honest Review
I first found Jeremy Schneider and his business Personal Finance Club on his Instagram page a number of years ago and was intrigued by his content because I had never seen anyone explain investing with emojis before.
I hung around because he has a knack for breaking down complicated concepts into easily digestible images and captions that really resonate with visual learners like myself!
But when he originally launched his digital course, How to Build Wealth By Investing in Index Funds, I hesitated to buy it.
I already understood some basic investing concepts, was contributing to my Roth IRA, and had read a great book on index funds.
I was far from an expert but wasn’t sure if I would learn anything new.
I thought the course was geared towards brand-spankin’ new investors who were starting from zero but I was still intrigued because I always learned something new when I read one of Jeremy’s posts on Instagram.
Then I saw him talk about how he donates 20% of the sales from his course to charity (more on this in a minute) and noticed he was running a sale and, well, what can I say…I’m a sucker for a deal 🤷♀️
I purchased the course without looking into it because by this time I’d been following Jeremy for a while and consuming his content on a regular basis.
I felt as though I knew enough about him (and the way he approaches business and investing) to trust it would be valuable to me in some way.
While it ended up taking me a few months before I really dug into the course, I did take a quick peek once I had access and was happy to see the course content was presented in the same teaching manner as was Jeremy’s Instagram content.
If you think back to when you were in middle school do you remember how much more you enjoyed learning and seemed to actually retain the things you learned when you had a teacher whose teaching style you really connected with?
That’s how I feel when I read Jeremy’s Instagram posts so this was a big plus for me!
What Can You Expect?
It’s always nice to know what you’re getting yourself into when you invest in a course.
In my opinion, Building Wealth by Investing in Index Funds is basically a one-stop-shop and the best place to learn about investing and index funds – especially for first-time investors.
Here’s what you can expect from this course:
Course Content Makeup
The Personal Finance Club course is broken down into seven modules covering various financial and investing topics.
Listed below are the module topics and the approximate time it will take you to complete each module…you can see a more detailed breakdown here, including the topics of each individual video within the modules.
MODULE 1 | Compound Growth (approx. 45 minutes)
MODULE 2 | Stocks + Bonds (approx. 50 minutes)
MODULE 3 | Mutual Fund, Index Funds, + ETFs (approx. 70 minutes)
MODULE 4 | Asset Allocation (approx. 65 minutes)
MODULE 5 | Taxes + Types of Accounts (approx. 40 minutes)
MODULE 6 | Putting it Together (approx. 60 minutes)
MODULE 7 | BONUS: Frequently Asked Questions (approx. 90 minutes)
You’ll notice non-investing financial topics are not included in the course content – if you’re in the market for a course that will help you improve your financial literacy and get better control of your finances through budgeting, saving, and getting out of debt, my signature money course may be a better starting point for you.
The content of the course is presented in video format and also includes short, multiple-choice quizzes sprinkled throughout the modules.
According to Jeremy, the quizzes are “mostly ‘learn by doing’ exercises rather than ‘regurgitate what you just heard.”
If you take a quiz and do poorly, you can revisit it after you watch the lesson to ensure you’re actually understanding the information you’re consuming!
Each module is filled with visual representations of each topic…ex: graphs, charts, emojis, etc. so if you’re a visual learner, you’ll find these graphics incredibly helpful!
Get a Sneak Peek: Want to see a preview of the awesome content you’ll get when you enroll in the course? Watch his FREE webinar How to Invest in Index Funds here.
Much More than Index Funds
If you already intend to invest in index funds and are seeking clarity and further knowledge, this PFC course is a no-brainer.
But if you’re feeling so green that you’re not even sure if index funds are the way to go, believe it or not, How to Build Wealth by Investing in Index Funds may still be a good option because it spends a good deal of time helping you build a solid understanding of investing, in general.
I particularly appreciated the in-depth explanations of a few concepts I had only previously understood in a broad sense such as in which situations ETFs may be a better option for some, how data analysts do their jobs (believe it or not it’s super interesting), and exactly how to determine which mutual funds are good choices for you.
Jeremy also shows you exactly how to buy individual stocks, how to allocate your investment portfolio (and what that even means), and expertly illustrates the magic of compound interest 💸
Is the Content Location-Dependant?
Yes and no.
The Personal Finance Club FAQ page mentions that while you absolutely can take the course if you live outside of the United States, of the six teaching modules (Module 7 is a FAQ module), Modules 1-4 will be applicable regardless of where you live, while Module 5 (covering the topic of taxes) will only apply to US students/investors.
Lastly, since Module 6 “puts the pieces together” some of the information will apply, and some won’t.
Go at Your Own Pace
The course is self-paced so you can work your way through the content as quickly or as slowly as you’d like.
The total course is listed to include around six hours of video content and it’s suggested you tackle a module per day.
I went through the course pretty slowly and didn’t have any difficulty hopping back in to pick up where I left off.
But the best part is that when you purchase the course you have access to it for the life of the course so you can go back through it any time you’re in need of a refresher!
What I Liked About the Course
In addition to his teaching style, I really liked how this course covers more than just index funds – I think that’s important to note since the course title leads you to believe the content focuses solely on index funds.
And while, yes, index funds are the star of the show, Jeremy covers investing basics to give beginners a good foundation of investing terms and concepts – each one thoroughly explained by complimentary in-depth examples, slides, and fictitious emoji characters.
He also dives into other important investing topics such as how the stock market works, how target-date index funds work, how to make important investment decisions, investment strategy, best practices, and much more.
I also think one of the best parts of this course is that Jeremy does a great job of providing generic, unbiased information with the sole mission of empowering individual investors with the know-how (and additional information they need) to achieve financial independence by growing their retirement accounts and net worth.
While Jeremy definitely recalls some of his personal experiences with his own investments and imparts his personal opinions (as he should), I appreciate that he is not endorsing any specific financial institution, investment, or trying to upsell anything
What I Didn’t Like About the Course
Truthfully? Nothing, really.
There’s not really much to dislike as it’s pretty straightforward and since I already liked Jeremy’s teaching style and dry sense of humor I found the course material quite interesting and engaging.
I did have to rewatch a few parts here and there to make I was clear on the lesson, but that’s more so a testament to my [poor] attempt at multitasking and not a reflection of the course content.
Is the Personal Finance Club Course for You?
While I believe How to Build Wealth by Investing in Index Funds is a great starting point for anyone wanting to learn how to invest and for any new-ish investors wanting to get a better understanding of investing terms and concepts, and/or wanting to learn more about index funds, specifically, that doesn’t necessarily mean it’s a good investment for you.
I consider myself to be a bit of an online course junkie so over the years I’ve learned what I like to see in a course I’m spending money on.
For example, I know if a course requires certain things or is laid out in a specific type of format, it’s likely I won’t ever complete the course or implement what I learned and therefore would have wasted my money.
Wasting money is one of my biggest pet peeves so I don’t want to see you waste your money if this isn’t a good fit for your needs.
Let’s quickly touch on a few more details about the Personal Finance Club course that should be helpful in determining if this is the right course for you
It’s Not Financial Advice
Jeremy is a small business owner, not a financial advisor so his course is not to be taken as financial advice.
He is merely sharing the knowledge he’s acquired along his path to becoming a multi-millionaire (and making enough money to retire by the age of 36) and sharing his thoughts and opinions about building wealth by investing in index funds based on his own personal experiences.
The course does not teach about topics such as personal loans (and interest rates), how to build an emergency fund, or how to read a credit report and improve your credit score.
If you’re looking for specific finance and investing advice, seeking out the help of a financial advisor or investment advisor may be a better option for you.
This Course is Video-Based
Yes, I know we covered this before, but I thought it worth a reminder because if you know you prefer text-based content, this course probably isn’t the right choice for you…
There is Little Access to the Instructor
Jeremy used to also offer an upgrade to the course called “Office Hours” where he would be available to answer specific student questions once a week but unfortunately, this feature has been recently retired.
Additionally, there is no Facebook group or type of social forum connected to the course.
There is, however, a Personal Finance Club Community where members can post specific questions and other students (and sometimes Jeremy and ViVi) can offer answers and feedback in return.
While the board is a great way to clear up any confusion you may have and offer some clarity, it doesn’t have the same feel as a Facebook group or Slack channel would.
You Won’t Get Rich Quick
While I do firmly believe the concepts and strategies taught in this course will absolutely help you build wealth, Jeremy teaches a “buy and hold” model instead of “get rich quick” hacks.
Will this course teach you how to get rich?
Yes, I believe it will – but it will teach you to do so over time, not overnight.
How to Build Wealth by Investing in Index Funds will teach you how to build a solid portfolio and maintain it over time to help you reach your investing goals but it will not teach you the latest viral investing trends…for that, you’ll have to visit TikTok 🤣
Is it Worth the Money?
I know you’re here for Personal Finance Club reviews and hopefully, you got a good feel for what you’ll get when you purchase the course but you may be wondering if it’s worth the $79 price tag?
In a world where we have endless free information at our fingertips, is it worth it to pay for this course when you can probably find most of the info for free?!
The short answer? Absolutely.
The long answer? Aaaabbbbsssooollluuutttelllyyyy. (Ok, that was lame.)
Hang with me for a minute, just trying to make a point…yes, IMO the course is worth the money.
In fact, it’s worth much more…
Here’s the thing – with enough time, effort, and determination you can probably find most of the info in any online course for free.
The information in this course isn’t new…
Jeremy didn’t invent index funds…
It’s all out there for the taking…
But, the beauty of online courses is that someone (usually the person selling the course) has used their time, effort, and determination to compile all of the important details on a specific topic together in one place, cut out all of the useless information, tied it with a pretty little bow, and wrapped it in their own unique experiences.
Yes, online courses will cost you money, but they will save you a LOT of your most valuable resource – time.
If you are ready to get serious about investing and don’t care to spend hours upon hours combing through the weeds that are Google, Reddit, and countless other websites, podcasts, and books, then yes, this course is absolutely worth the money.
Not only are you buying information that can literally teach you how to become a millionaire, but you are buying back your precious time – and I consider $79 a small price to pay for hours of my time!
I’d also like to mention that $79 is substantially cheaper than many other personal finance courses available – especially ones that focus on investing.
(The course is a one-time payment and you are given full access as soon as your payment is processed.)
Plus, Personal Finance Club offers a 100% Satisfaction Guarantee…if you don’t like the course, you can get all of your money back.
If You’re Still Unsure…
Maybe you’re ready to jump in and invest in your future, but if you’re still unsure if this is the best course for you or if index funds are something you’re ready to learn more about, check out this webinar Jeremy did about index funds – it will give you a sneak peek on the course and give you the option to see if you like the style and flow of the content…and it’s free!
Maybe after reading my Personal Finance Club review, you realize this course is not a good fit for you, BUT perhaps someone else in your life came to mind.
This course makes a great, unique gift – perfect for high school graduates, newly engaged or married couples, and anyone who’s ready to plan for their future!
I consider this my biggest financial regret as I have missed out on so much money I could’ve earned over the years.
That’s why it’s so important to me to encourage others to stop stashing money in their savings account thinking it will help them in retirement and instead, take action, learn about investing, and get started…today.
Kristin Stones is the owner of Cents + Purpose, an online community dedicated to sharing practical personal finance content. Her mission is to equip women with the necessary tools and knowledge to take back control of their money and live a more purposeful life. She creates actionable content to help her audience achieve financial wellness using her simple approach to managing money - all learned through her personal experience of paying off almost $55,000 of debt in under two years.