Personal Financial Well-Being

Understanding Your Financial Life

What you'll learn
Master Personal Financial Well Being
Understand Personal Budgeting
Understand Debt Management
Understand Personal Income Taxes
Understand Retirement Planning
Understanding Determining Wealth
Understand Basic & Advanced Investing
Understand Insurance
Understand Estate Planning
Requirements
Desire to Acquire Personal Financial Well Being
Basic math skills
Basic Excel Spreadsheet skills desirable
Description
Money is important.
Money sets limits on your dreams, hinders or magnifies your happiness, and dictates the quality of your life.
And yet… They taught you next to NOTHING about how to manage it in school! The result has been a generation who has mismanaged budgets, racked up debts, defaulted on mortgages, lost investments, and failed to keep retirement plans. While a small proportion of the country has figured out how to make money work for them, most of us are part of the shrinking middle class who are losing out.
That's where Personal Financial Well Being comes in. University Instructor and former Silicon Valley Chief Financial Officer Richard Okumoto has developed this course for the Dot University to narrow the Wealth GAP and demystify personal money management.
The course applies two core techniques which Accelerates Time-to-Knowledge. Starting with a landscape view then introducing primary building blocks provides an accelerated path to connect-the-dots on how money works:
How do you manage your money? How do you manage debt? How do you determine your financial wealth? How do you pay your fair share of taxes, and nothing more? How do you prepare for retirement? How should you invest your money? How do you prepare your estate for when you pass on?
Personal Financial Well Being means having the answers to all of these questions and knowing how they interlock and work together. The course is built on the following (3) CORE Building Blocks (GAP Approach):
1. Generating Positive Cash Flow – “Understanding your money to keep more of it!”
Tools and techniques to understand your money. This includes: Personal Budgeting, Debt Management, Personal Income Taxes, and Retirement Planning (Part 1).
2. Accumulating Wealth – “Understanding Wealth; how to create it and how to hold onto it!”
Tools and techniques to understand wealth creation and retention. This includes: Determining Wealth, Investing (part 1 & 2), and Retirement Planning (Part 2).
3. Protecting What you Have – “How to conquer Financial Risk!”
Tools and techniques to understand asset protection. This includes: Insurance (part 1 & 2) and Estate Planning.

Who might benefit from this Course – Anyone who wants to remove fear from finances and master their Personal Financial Well Being.

Overview

Section 1: Generating Positive Cash Flow > Personal Budgeting

Lecture 1 Personal Budgeting Introduction

Lecture 2 What Budgeting Looks Like

Lecture 3 How to Budget: Start with a Goal

Lecture 4 Collect Historical Data

Lecture 5 Forecasting Income & Expenses

Lecture 6 Managing Your Budget

Lecture 7 Course Recap

Section 2: Generating Positive Cash Flow > Debt Management

Lecture 8 Introduction to Debt Management

Lecture 9 What Debt Looks Like

Lecture 10 Nature of Debt

Lecture 11 Cost of Debt

Lecture 12 Ability to Acquire Debt

Lecture 13 Debt Recap

Section 3: Generating Positive Cash Flow > Personal Income Taxes

Lecture 14 Introduction to Personal Income Taxes

Lecture 15 What Personal Taxes Look Like

Lecture 16 Self-Assessment

Lecture 17 Tax Rules (IRC)

Lecture 18 Tax Reduction Variables

Lecture 19 Tax Recap

Section 4: Generating Positive Cash Flow > Retirement Planning Part 1

Lecture 20 Introduction to Retirement Planning

Lecture 21 What Retirement-Part 1 Looks Like

Lecture 22 Social Security & Medicare

Lecture 23 Other Cash Generators

Lecture 24 Defined Benefit Plan-Pension

Lecture 25 Retirement Planning-Part 1 Recap

Section 5: Accumulating Wealth > Determining Wealth

Lecture 26 Introduction to Determining Wealth

Lecture 27 What Wealth Looks Like

Lecture 28 What are Assets

Lecture 29 What is Asset Appreciation

Lecture 30 What is Debt

Lecture 31 Determining Wealth Recap

Section 6: Accumulating Wealth > Basic Investing

Lecture 32 Introduction to Basic Investing

Lecture 33 What Basic Investing Looks Like

Lecture 34 Cash & Cash Equivalent Investment

Lecture 35 Stock Investments

Lecture 36 Bond Investments

Lecture 37 Mutual Fund Investments

Lecture 38 Basic Investing Recap

Section 7: Accumulating Wealth > Advanced Investing

Lecture 39 Introduction to Advanced Investing

Lecture 40 Higher Risk Investing

Lecture 41 Managed Accounts

Lecture 42 Real Estate Investing

Lecture 43 Modern Portfolio Theory

Lecture 44 Financial Service Professionals

Lecture 45 Advanced Investing Recap

Section 8: Accumulating Wealth > Retirement Planning Part 2

Lecture 46 Introduction to Retirement-Part 2

Lecture 47 What Retirement-Part 2 Looks Like

Lecture 48 Personal After-Tax Savings

Lecture 49 Personal Tax-Deferred Savings

Lecture 50 Employer Tax-Deferred Savings

Lecture 51 Retirement-Part 2 Recap

Section 9: Protecting What You Have > Insurance Part 1

Lecture 52 Introduction to Insurance-Part 1

Lecture 53 Dealing with Risk

Lecture 54 Personal Risk - Health Care

Lecture 55 Personal Risk - If Bad Things Happen

Lecture 56 Insurance-Part 1 Recap

Section 10: Protecting What You Have > Insurance Part 2

Lecture 57 Introduction to Insurance-Part 2

Lecture 58 Homeowner Insurance

Lecture 59 Car Insurance

Lecture 60 Personal Liability Insurance

Lecture 61 Insurance-Part 2 Recap

Section 11: Protecting What You Have > Estate Planning

Lecture 62 Introduction to Estate Planning

Lecture 63 Estate Planning Process

Lecture 64 Trusts

Lecture 65 Wills

Lecture 66 Powers of Appointment

Lecture 67 Gift & Estate Taxes

Lecture 68 Estate Planning Team

Lecture 69 Estate Planning Recap

Section 12: Tool Box Calculators

Lecture 70 Compounding Explanation & Calculations

Anyone who wants to take control of their money.,Anyone who wants to accumulate wealth. ,Anyone who wants to protect what’s precious in life.