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Finance & Accounting Finance Personal Finance

Personal Financial Well-Being

Understanding Your Financial Life
Rating: 4.3 out of 54.3 (979 ratings)
5,554 students
Created by Richard Okumoto
Last updated 7/2018
English
English
30-Day Money-Back Guarantee

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
Curated for the Udemy for Business collection

Requirements

  • Desire to Acquire Personal Financial Well Being
  • Basic math skills
  • Basic Excel Spreadsheet skills desirable

Description

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.

Course content

12 sections • 70 lectures • 10h 36m total length

  • Preview06:40
  • What Budgeting Looks Like
    08:45
  • How to Budget: Start with a Goal
    08:14
  • Collect Historical Data
    06:38
  • Forecasting Income & Expenses
    06:38
  • Managing Your Budget
    07:32
  • Course Recap
    04:50
  • Budgeting Quiz
    11 questions

  • Preview05:15
  • What Debt Looks Like
    11:41
  • Nature of Debt
    21:48
  • Cost of Debt
    21:23
  • Ability to Acquire Debt
    07:45
  • Debt Recap
    08:13
  • Debt Management Quiz
    15 questions

  • Introduction to Personal Income Taxes
    07:06
  • What Personal Taxes Look Like
    12:03
  • Self-Assessment
    06:41
  • Tax Rules (IRC)
    14:16
  • Tax Reduction Variables
    09:07
  • Tax Recap
    03:30
  • Personal Tax Quiz
    14 questions

  • Introduction to Retirement Planning
    05:14
  • What Retirement-Part 1 Looks Like
    08:16
  • Social Security & Medicare
    12:20
  • Other Cash Generators
    10:49
  • Defined Benefit Plan-Pension
    06:33
  • Retirement Planning-Part 1 Recap
    06:23
  • Retirement Planning Part 1 Quiz
    10 questions

  • Introduction to Determining Wealth
    06:10
  • What Wealth Looks Like
    10:14
  • What are Assets
    10:58
  • What is Asset Appreciation
    11:11
  • What is Debt
    11:20
  • Determining Wealth Recap
    04:20
  • Personal Wealth Quiz
    15 questions

  • Introduction to Basic Investing
    06:54
  • What Basic Investing Looks Like
    09:27
  • Cash & Cash Equivalent Investment
    10:17
  • Stock Investments
    15:16
  • Bond Investments
    23:06
  • Mutual Fund Investments
    19:11
  • Basic Investing Recap
    05:04
  • Basic Investing Quiz
    18 questions

  • Introduction to Advanced Investing
    04:10
  • Higher Risk Investing
    14:00
  • Managed Accounts
    06:31
  • Real Estate Investing
    10:06
  • Modern Portfolio Theory
    04:16
  • Financial Service Professionals
    06:35
  • Advanced Investing Recap
    05:44
  • Advanced Investing Quiz
    10 questions

  • Introduction to Retirement-Part 2
    03:39
  • What Retirement-Part 2 Looks Like
    02:25
  • Personal After-Tax Savings
    08:22
  • Personal Tax-Deferred Savings
    09:13
  • Employer Tax-Deferred Savings
    08:22
  • Retirement-Part 2 Recap
    05:01
  • Retirement Part 2 Quiz
    8 questions

  • Preview06:30
  • Dealing with Risk
    09:28
  • Personal Risk - Health Care
    10:50
  • Personal Risk - If Bad Things Happen
    11:22
  • Insurance-Part 1 Recap
    02:41
  • Insurance Part 1 Quiz
    16 questions

  • Introduction to Insurance-Part 2
    05:07
  • Homeowner Insurance
    14:03
  • Car Insurance
    13:57
  • Personal Liability Insurance
    10:42
  • Insurance-Part 2 Recap
    04:27
  • Insurance Part 2 Quiz
    9 questions

Instructor

Richard Okumoto
University Instructor & Business Leadership
Richard Okumoto
  • 4.3 Instructor Rating
  • 979 Reviews
  • 5,555 Students
  • 1 Course

                       Richard has 12 years of university teaching experience. Richard is currently on faculty with San Jose State University teaching in both the Lucas Graduate School of Business MBA Program and the Lucas College of Business. He teaches the Capstone MBA course in Strategic Thinking, MBA classes applying technology to business, and an undergraduate large format online course in personal finance. Richard is also on faculty with California State University at Long Beach teaching in the College of Business Administration. There he teaches the Capstone undergraduate business course on Business Strategy & Policy, undergraduate courses on General Management, an MBA course covering International Business, and the Capstone MBA course in Strategic Analysis. Richard is also on faculty at the Keck Graduate Institute (part of the seven university Claremont Consortium). There he teaches the Bioscience Business Strategy course to graduate and post-doc students. 

Richard is also the Administrative Director for the 54 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 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 and currently serves as a public, private, and non-profit Board member. He has served and currently serves 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 San Jose State University, where he also attended the MBA program, holds an MA Degree from Gonzaga University in Communications, and is currently a Ph.D. candidate in the Information Science department at Queensland University of Technology.  Richard holds the Personal Financial Planning Registered Financial Consultant designation RFC® from the IARFC. 

                         R.Y. Okumoto 

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