Personal Financial Well-Being
4.1 (271 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.
2,131 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Personal Financial Well-Being to your Wishlist.

Add to Wishlist

Personal Financial Well-Being

Understanding Your Financial Life
4.1 (271 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.
2,131 students enrolled
Created by Richard Okumoto
Last updated 2/2017
Price: $75
30-Day Money-Back Guarantee
  • 10.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I 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
View Curriculum
  • 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 is the target audience?
  • 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.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
70 Lectures
Generating Positive Cash Flow > Personal Budgeting
7 Lectures 49:17

What Budgeting Looks Like

How to Budget: Start with a Goal

Collect Historical Data

Forecasting Income & Expenses

Managing Your Budget

Course Recap

Budgeting Quiz
11 questions
Generating Positive Cash Flow > Debt Management
6 Lectures 01:16:05

What Debt Looks Like

Nature of Debt

Cost of Debt

Ability to Acquire Debt

Debt Recap

Debt Management Quiz
15 questions
Generating Positive Cash Flow > Personal Income Taxes
6 Lectures 52:43
Introduction to Personal Income Taxes

What Personal Taxes Look Like


Tax Rules (IRC)

Tax Reduction Variables

Tax Recap

Personal Tax Quiz
14 questions
Generating Positive Cash Flow > Retirement Planning Part 1
6 Lectures 49:35
Introduction to Retirement Planning

What Retirement-Part 1 Looks Like

Social Security & Medicare

Other Cash Generators

Defined Benefit Plan-Pension

Retirement Planning-Part 1 Recap

Retirement Planning Part 1 Quiz
10 questions
Accumulating Wealth > Determining Wealth
6 Lectures 54:13
Introduction to Determining Wealth

What Wealth Looks Like

What are Assets

What is Asset Appreciation

What is Debt

Determining Wealth Recap

Personal Wealth Quiz
15 questions
Accumulating Wealth > Basic Investing
7 Lectures 01:29:15
Introduction to Basic Investing

What Basic Investing Looks Like

Cash & Cash Equivalent Investment

Stock Investments

Bond Investments

Mutual Fund Investments

Basic Investing Recap

Basic Investing Quiz
18 questions
Accumulating Wealth > Advanced Investing
7 Lectures 51:22
Introduction to Advanced Investing

Higher Risk Investing

Managed Accounts

Real Estate Investing

Modern Portfolio Theory

Financial Service Professionals

Advanced Investing Recap

Advanced Investing Quiz
10 questions
Accumulating Wealth > Retirement Planning Part 2
6 Lectures 37:02
Introduction to Retirement-Part 2

What Retirement-Part 2 Looks Like

Personal After-Tax Savings

Personal Tax-Deferred Savings

Employer Tax-Deferred Savings

Retirement-Part 2 Recap

Retirement Part 2 Quiz
8 questions
Protecting What You Have > Insurance Part 1
5 Lectures 40:51

Dealing with Risk

Personal Risk - Health Care

Personal Risk - If Bad Things Happen

Insurance-Part 1 Recap

Insurance Part 1 Quiz
16 questions
Protecting What You Have > Insurance Part 2
5 Lectures 48:16
Introduction to Insurance-Part 2

Homeowner Insurance

Car Insurance

Personal Liability Insurance

Insurance-Part 2 Recap

Insurance Part 2 Quiz
9 questions
2 More Sections
About the Instructor
Richard Okumoto
4.1 Average rating
271 Reviews
2,131 Students
1 Course
University Instructor & Business Leadership

Richard has 9 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 53 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