Personal Financial Well-Being
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
- Desire to Acquire Personal Financial Well Being
- Basic math skills
- Basic Excel Spreadsheet skills desirable
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.
Who this course is for:
- 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.
Richard has 15 years of university teaching experience. Richard was on faculty with San Jose State University (SJSU) and California State University Long Beach (CSULB) teaching in both the Graduate School of Business MBA Program and the undergraduate School of Business. Richard was also on faculty at the Keck Graduate Institute (part of the seven university Claremont Consortium).
Richard was also the Administrative Director for the 57 year old International Collegiate Business Strategy Competition (ICBSC) where Universities from around the world compete virtually and face-to-face. The competition is a training ground for our 21st-century leaders. California State University at Long Beach is the current host of the ICBSC. Richard was also the first Director and launched the online MBA Program at CSULB.
Richard has over 30 years of experience in the Silicon Valley where he held such positions as: CEO, CFO, and Division GM for several publicly-traded and private technology companies. He has served on public, private, and non-profit Boards. He has served as the Chairman of the Audit Committee for these companies. He was a Whistleblower CFO in a public company under the Sarbanes/Oxley Act of 2002 - chronicled in a Harvard Business Review (HBR) case study. He is qualified as an Independent Director & Certified Financial Expert.
Richard holds a BS Degree in Accounting from SJSU, where he also attended the MBA program, holds an MA Degree from Gonzaga University in Communications, and a Ph.D. in Information Science from Queensland University of Technology (QUT). Richard holds the Personal Financial Planning Registered Financial Consultant designation RFC® from the IARFC.