Personal Financial Well-Being
Money sets limits on your dreams, hinders or magnifies your happiness, and dictates the quality of your life.
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Money sets limits on your dreams, hinders or magnifies your happiness, and dictates the quality of your life.
Money sets limits on your dreams, hinders or magnifies your happiness, and dictates the quality of your life.
.. 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?
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. ”
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. ”
This includes: Determining Wealth, Investing (part 1 & 2), and Retirement Planning (Part 2).
3. Protecting What you Have – “How to conquer Financial Risk. ”
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.
What's inside
Learning objectives
- 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
- 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
Syllabus
Generating Positive Cash Flow > Personal Budgeting
Personal Budgeting Introduction
What Budgeting Looks Like
How to Budget: Start with a Goal
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Syllabus
Compounding Explanation & Calculations
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Activities
Create a practical budget based on your income and expenses
Show steps
Develop a structured plan to manage your finances effectively and prepare for future financial goals.
Browse courses on
Budgeting
Show steps
-
Track your income and expenses for a period of time
-
Categorize your expenses
-
Set financial goals and allocate funds accordingly
Explore online resources on tax-efficient investments
Show steps
Gain knowledge about various investment options and strategies to minimize tax liability and maximize returns.
Browse courses on
Investments
Show steps
-
Research online resources on tax-efficient investments
-
Identify investment options suitable for your financial goals
-
Consult with a financial advisor or tax professional for personalized recommendations
-
Monitor your investments and make adjustments as needed
Design a personal finance tracking tool or dashboard
Show steps
Develop a customized tool to monitor and manage your finances, providing insights into your financial habits and progress.
Browse courses on
Financial Technology
Show steps
-
Gather your financial data from various sources
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Identify the key financial metrics you want to track
-
Choose a format for your tracking tool (e.g., spreadsheet, app, website)
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Design and implement the tool with necessary features and visualizations
Two other activities
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Show all five activities
Attend a workshop on retirement planning
Show steps
Gain practical guidance and insights on retirement planning strategies to secure your financial future effectively.
Browse courses on
Retirement Planning
Show steps
-
Research and identify reputable retirement planning workshops
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Register and attend the workshop
-
Engage actively in the workshop, ask questions, and take notes
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Review the materials and apply the knowledge to your financial plan
Contribute to open-source projects in the personal finance domain
Show steps
Engage with like-minded individuals and contribute to the development of tools and resources that enhance personal finance management.
Browse courses on
Financial Technology
Show steps
-
Identify open-source projects related to personal finance
-
Join the community and contribute code, documentation, or other resources
-
Provide feedback and collaborate on project improvements
-
Showcase your contributions in your resume or portfolio
Create a practical budget based on your income and expenses
Show steps
Develop a structured plan to manage your finances effectively and prepare for future financial goals.
Browse courses on
Budgeting
Show steps
- Track your income and expenses for a period of time
- Categorize your expenses
- Set financial goals and allocate funds accordingly
Explore online resources on tax-efficient investments
Show steps
Gain knowledge about various investment options and strategies to minimize tax liability and maximize returns.
Browse courses on
Investments
Show steps
- Research online resources on tax-efficient investments
- Identify investment options suitable for your financial goals
- Consult with a financial advisor or tax professional for personalized recommendations
- Monitor your investments and make adjustments as needed
Design a personal finance tracking tool or dashboard
Show steps
Develop a customized tool to monitor and manage your finances, providing insights into your financial habits and progress.
Browse courses on
Financial Technology
Show steps
- Gather your financial data from various sources
- Identify the key financial metrics you want to track
- Choose a format for your tracking tool (e.g., spreadsheet, app, website)
- Design and implement the tool with necessary features and visualizations
Attend a workshop on retirement planning
Show steps
Gain practical guidance and insights on retirement planning strategies to secure your financial future effectively.
Browse courses on
Retirement Planning
Show steps
- Research and identify reputable retirement planning workshops
- Register and attend the workshop
- Engage actively in the workshop, ask questions, and take notes
- Review the materials and apply the knowledge to your financial plan
Contribute to open-source projects in the personal finance domain
Show steps
Engage with like-minded individuals and contribute to the development of tools and resources that enhance personal finance management.
Browse courses on
Financial Technology
Show steps
- Identify open-source projects related to personal finance
- Join the community and contribute code, documentation, or other resources
- Provide feedback and collaborate on project improvements
- Showcase your contributions in your resume or portfolio
Career center
Reading list
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