5 Simple Steps (and all the tools you need) to Overcome Debt
4.3 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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5 Simple Steps (and all the tools you need) to Overcome Debt

Learn the principles of getting out of debt, living within your means and changing how you look at money forever.
4.3 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
373 students enrolled
Created by Barry Myers
Last updated 7/2014
English
Current price: $10 Original price: $20 Discount: 50% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 6 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Upon completion of this course, you will be able to successfully:
  • Analyze your financial situation to identify strengths and weaknesses
  • Develop a working cash flow plan (budget) for your household
  • Organize your finances to minimize errors and the time required to deal with ongoing expenses
  • Prioritize your finances to maximize income and minimize expenses
  • Develop a strategy to cope with financial emergencies
  • Deal with collectors (if applicable) to reduce the time and expense involved in getting back on track with your debts
  • Use the five simple steps to implement a plan to get out of debt and/or live debt free
View Curriculum
Requirements
  • Basic Math Skills (addition, subtraction, multiplication, division)
  • A willingness to challenge "the way you've always done it" with your finances
  • A desire to succeed with your finances
Description

According to a recent study by the Brookings Institute, 38 million Americans live paycheck to paycheck. Over 2/3 of those on the edge of bankruptcy are considered "middle class" by most standards. Why is this? Is it possible to live debt free on a normal income?

Debt and other personal finance issues plague our society. Most of us have been taught how to handle money by advertisers and banks, who have convinced us that as long as we can afford the minimum payments, we can afford anything we want.

In this course:

  • I will challenge the idea that debt is required.
  • I will outline how to live without debt.
  • You will gain a framework for you to better understand how money really works.
  • You will learn common-sense solutions to make your money behave.
  • I will walk you through several exercises that will help you prioritize your money to make the most of every penny you earn, and minimize the expenses that drain your bank account every month.

In short, this course will help you move from debtor...to better.

This course is made up of over 2 hours of video instruction with all the tools necessary to get out of debt, no matter how big of a mess you're in.

Who is the target audience?
  • Anyone struggling with debt (secured or unsecured)
  • Anyone wishing to live debt free
  • Anyone who is currently debt free and wants to stay that way
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Curriculum For This Course
Expand All 20 Lectures Collapse All 20 Lectures 02:27:07
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Introduction and Overview
1 Lecture 06:13

In this lesson, you will learn the course format, meet your instructor, and get an overview of the course objectives.

Preview 06:13
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What is Money?
1 Lecture 06:14

This lesson isn't exciting - but it IS important. In this lesson, you will gain a new insight to what money really is all about.

It's Only Paper
06:14
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Priorities With Money
2 Lectures 13:08

In this lesson you will learn how to better prioritize your spending (or lack of spending) using three simple categories: Needs, Wants and Wishes.

Needs, Wants and Wishes
04:32

Life is going to happen. In this lesson, you will learn how to better cope with emergencies through good financial planning.

Dealing with Emergencies
08:36
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Making Your Money Behave
4 Lectures 34:06

In this lesson, you will learn several reasons why you should go through the effort to budget your money and some of the benefits it will bring if/when you do the process correctly.

What is a Budget and Why Should I Bother?
05:48

You constantly hear that a budget is important and budgeting your money will help you win with money...but what does a good budget really look like? In this lesson, you'll learn the four questions every "perfect" budget must answer.

Preview 07:53

This lesson is one you'll want to take your time on. In this lesson, I will walk you step by step through the process to gather everything you need to build your first budget, as well as give you some hints on how to make sure the process is as good as it can be the first time around.

The Process of Budgeting
13:43

Sometimes it isn't enough to KNOW what we should do, we often need to APPLY what we know. This lesson is all about helping you quickly (and as easily as possible) build discipline into your finances.

Instant Discipline
06:42
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The Five Simple Steps: Getting Out of Debt
5 Lectures 46:11

As simple as it may sound, cutting expenses is the fastest and easiest way to free up some funds to pay down debt. In this lesson, you will learn a systematic way to review your expenses and make the most of your cut-back efforts.

Step 1: Cutting Expenses
07:26

In this lesson, you will learn several ways you can increase your income to be able to pay down debt more quickly.

Step 2: Maximizing Income
08:22

This lesson is specifically targeted at those who are behind on any bills. As a former debt collector, I go through strategies for dealing with collections and provide tips on how to best get through this challenging part of being in debt.

Step 3: Getting Current on All Bills
10:14

In this lesson you'll learn how to prioritize and organize your debts to maximize your ability to get rid of them the quickest way!

Step 4: The Debt Snowball
11:08

Each time you're ready to pay off a debt, save 20% or more by making a simple phone call! In this lesson, you'll learn how to make sure you don't pay any more than you have to when making that final payment.

Step 5: Making a Call and Paying it Off
09:01
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Saving Money
1 Lecture 13:15

No course on personal finance would be complete without some discussion on saving. This lesson will give you some strategies for saving and investing. Designed as only an overview, it will still help you set saving goals and make sure you're headed in the right direction with your money.

An Overview
13:15
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Resources
6 Lectures 00:00
Income Sources Worksheet
1 page

Irregular Bills Worksheet
1 page

Monthly Bills Worksheet
1 page

Cash Flow Calendar
1 page

Cash Flow Calendar (Example)
1 page

This booklet covers much of the basic material regarding setting up a budget and the forms required. As an "all-in-one" PDF, this booklet is free for you to print or share as you wish without monetary gain, and provided you credit Barry R. Myers II for the work.

"It's Not About Money" Booklet
23 pages
About the Instructor
Barry Myers
4.3 Average rating
3 Reviews
373 Students
1 Course
Debt-Free Financial Counselor, Author and Speaker

Barry Myers is a financial counselor, author and speaker who aims to provide practical, real-world solutions to positively impact people where it often matters most – their pocketbooks. His approach looks beyond the simple math of personal finance to place the focus on the behavior that drives financial choices. Using proven principles and old fashioned common sense, Barry helps people to get out of debt, save for short- and long-term goals and set good priorities with their money.

Barry holds an M.B.A., along with a Bachelor of Science in Business and Accounting. He is the author of From Debtor to Better: The Details of Debt and How to Get Out, as well as the husband half of the team behind the popular frugal living website, Stacy Makes Cents. Barry is a regular speaker at conferences, workshops and other events, and also offers one-on-one financial counsel.