Money School: Debt
4.5 (6 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.
1,529 students enrolled
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Money School: Debt

How debt works, how to get out of bad debt fast, and how to stay out of it!
New
4.5 (6 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.
1,529 students enrolled
Created by Lacey Filipich
Last updated 9/2017
English
English
Price: Free
Includes:
  • 32 mins on-demand video
  • 3 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
What Will I Learn?
  • Know how debt works
  • Know when debt is 'good' or 'bad'
  • Know why lenders want to give you debt
  • Implement a strategy for paying down debt quickly without consolidation
  • Know how to stay out of debt
View Curriculum
Requirements
  • Access to a device for playing videos and suitable internet connection to play them
Description

Welcome to Money School's course on debt - where you'll learn everything you wish you'd been taught about debt in school! We'll be covering:

  • how debt works,
  • why you might want debt, and why lenders want you to have it
  • the types of debt (good, bad, luxury)
  • if you're in debt: how to get out fast without debt consolidation
  • how to stay out of (bad) debt.

We decided to make this course freely available for three reasons:

  1. Those who need it, can't afford it. It would feel bad to ask you to use a credit card when we'd prefer you paid it off. So we're taking away the excuses - now this training is free, you just need to commit your time to complete it. 
  2. Those who need it, can't become financially independent. Having large amounts of consumer debt makes financial independence (almost) impossible. We hope that by helping you get debt-free, you'll consider taking the next steps toward financial independence.
  3. Young people need this knowledge. We want you to share this with the young people in your life - those not yet 18 years old - so they know how to avoid the woes of consumer debt. Imagine if you'd known how to manage debt BEFORE you got your first loan or credit card?
Who is the target audience?
  • Anyone interested in learning about debt, loans and credit
  • Anyone struggling with debt
  • Anyone considering debt consolidation
Compare to Other Debt Courses
Curriculum For This Course
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Course Introduction
1 Lecture 02:28

This introductory video will outline our debt course so you know what you can expect from the materials on this page.

Course Introduction - what to expect
02:28
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Course Content - Everything you need to know about debt
3 Lectures 29:29

Everything you wish you'd been taught about debt at school, including:

  • how debt works,
  • why you might want debt,
  • why lenders want you to have debt, and
  • good debt vs. bad debt


    How debt works
    09:48

    Fill out a worksheet with your existing debt information.
    My Current Debt
    1 question

    The strategy to use when you have multiple debts and you're feeling like you'll never get on top of them. This can save you masses of money and time, and help you avoid debt consolidation.

    'Pay it off quickly' strategy
    08:40

    Complete this worksheet to prioritise how you will pay down your debts as quickly as possible (extract from Achieving Financial Independence course).
    My Debt Reduction Plan
    1 question

    Now you're out of debt, learn three strategies to help you avoid ending up there again! If you haven't been in debt before, you can use these strategies to avoid ever getting into debt in the first place.

    Stay out of (bad) debt
    11:01
    +
    Bonus Material
    3 Lectures 22:05
    Free financial education resources
    03:03

    Credit cards: friend or foe?
    08:31

    Bankruptcy: three personal stories
    10:31
    About the Instructor
    Lacey Filipich
    4.5 Average rating
    6 Reviews
    1,529 Students
    1 Course
    Independent Financial Educator

    Hi, I'm your Udemy instructor, Lacey. 

    During my work as a financial educator I have met dozens, if not hundreds, of people staring down the barrel of bankruptcy after getting themselves into trouble with debt. 

    I wish I'd been able to get to them BEFORE they got in such deep strife - a little education goes a long way when it comes to debt. Fortunately, online education offers a wonderful opportunity to help other people before they reach that point.

    --- ABOUT THE DEBT COURSE ---

    I created a free course on debt for those that need it taking excerpts from my financial independence curriculum, including a 'how to pay of your credit card debt in 1/10 of the time' strategy. I ran it on my site, Money School, and it's been a roaring success, with feedback like this:

    "I've always been afraid of money thinking I just had to make more to get out of debt, little did I know that the gold is in the management of money and not just the making of it. The handouts attached to the course mean all the work is done for you and all you have to do is get disciplined and get it done. HIGHLY recommend Money School."
    - Nicky Thomas, Action Strategist

    I am thrilled to be able to offer a new and improved version of the course on Udemy for free, so I can reach more people before they reach that crunch point of either debt consolidation or bankruptcy.

    --- ABOUT ME ---

    I'm a chemical engineer - not the qualification you were expecting, right?

    I learned about money from my mother, Fran, as she taught herself about investing during my teens (she's an accountant - that helped obviously). Thanks to her guidance, by the time I was 19 in my second year of my engineering degree I'd saved enough for a deposit on my first home. I bought it, renovated it, and promptly got a roommate, simultaneously become a property owner and landlord before my 20th birthday. 

    Cut to 15 years later, I've worked in the mining industry and as a management consultant, and I have continued my love affair with investing. I've expanded into shares and bought more property, and now I don't have to work because I earn a passive income from my assets. 

    I started Money School to share the lessons I learned from Fran and from applying what I've learned for the last 15 years. I have remained staunchly independent from all financial institutions, as I believe the way the finance industry operates fundamentally undermines their credibility in offering education (translation: commissions corrupt, and they're rife in finance).