Personal Financial Well-Being from Udemy

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

Compounding Explanation & Calculations

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Well-suited for learners who want to improve their financial well-being

Developed by Richard Okumoto, former Silicon Valley Chief Financial Officer

Develops core financial management skills, including budgeting, debt management, and investment

Covers a wide range of topics, from personal budgeting to estate planning

Provides practical guidance and real-world examples to help learners apply concepts

Requires time and effort to complete, but offers a comprehensive learning experience

Reviews summary

Comprehensive & practical financial foundation

According to students, this course offers a largely positive experience, serving as a solid and comprehensive foundation for personal financial well-being. Learners praise how the instructor, Richard Okumoto, simplifies complex financial topics, making them easy to understand and apply. Many found the modules on budgeting, debt management, and retirement planning particularly helpful. While it's considered a game-changer for beginners seeking a clear roadmap, some with existing financial knowledge felt the content was too basic, suggesting it might be better suited for those new to comprehensive financial planning rather than advanced learners. The inclusion of useful calculators and its well-structured, bite-sized modules are frequently highlighted.

The course's integrated calculators are a valuable asset.

"The calculators provided are also very useful for understanding compounding and other financial concepts."

"I appreciate the effort put into the 'Tool Box Calculators'; they are practical and enhance learning."

Offers tools and strategies immediately applicable to finances.

"The 'Generating Positive Cash Flow' section was particularly life-changing for me, helping me manage my debt."

"I learned how to use practical tools and strategies that I could apply immediately to my work and personal life."

"The budget management and debt sections were very actionable and provided great advice."

Covers all essential personal finance areas effectively.

"This course truly broke down financial concepts into digestible pieces, covering everything from budgeting to estate planning."

"It covers a wide range of topics from budgeting to retirement, touching on all the key areas of personal finance."

"A solid foundation in personal finance. The course did a good job of covering a lot of ground without being overwhelming."

Instructor simplifies complex topics with actionable insights.

"The instructor, Richard Okumoto, simplifies complex topics like investing and estate planning, making them easy to understand."

"I especially appreciated the practical examples and the clear explanations of budgeting and debt management."

"This course provided me with a clear roadmap for my financial journey."

"I finally understand how to manage my money and plan for the future."

Provides a strong foundation, though less for advanced learners.

"I found the course a solid introduction, but I might need further reading for specific, advanced strategies."

"The course has good information, but I felt some of the content was too basic for my existing knowledge as an investor."

"If you already have some financial knowledge, you might find parts repetitive, but it's useful as a general refresher."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Personal Financial Well-Being with these activities:

Create a practical budget based on your income and expenses

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Develop a structured plan to manage your finances effectively and prepare for future financial goals.

Browse courses on Budgeting

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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

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Gain knowledge about various investment options and strategies to minimize tax liability and maximize returns.

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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

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Develop a customized tool to monitor and manage your finances, providing insights into your financial habits and progress.

Browse courses on Financial Technology

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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

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Attend a workshop on retirement planning

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Gain practical guidance and insights on retirement planning strategies to secure your financial future effectively.

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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

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Engage with like-minded individuals and contribute to the development of tools and resources that enhance personal finance management.

Browse courses on Financial Technology

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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

Learners who complete Personal Financial Well-Being will develop knowledge and skills that may be useful to these careers:

Reading list

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Personal Financial Well-Being

What's inside

Learning objectives

Syllabus

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Reviews summary

Comprehensive & practical financial foundation

Activities

Career center

Reading list

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