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.
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  • Lectures 20
  • Length 2.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 7/2014 English

Course 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.

What are the 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

What am I going to get from this course?

  • 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

What 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction and Overview
06:13

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

Section 2: What is Money?
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.

Section 3: Priorities With Money
04:32

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

08:36

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

Section 4: Making Your Money Behave
05:48

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.

07:53

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.

13:43

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.

06:42

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.

Section 5: The Five Simple Steps: Getting Out of Debt
07:26

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.

08:22

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

10:14

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.

11:08

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!

09:01

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.

Section 6: Saving Money
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.

Section 7: Resources
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
23 pages

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.

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Instructor Biography

Barry Myers, 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.

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