Closing the Gap: Financial Literacy Guide

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Course curriculum

1. Welcome to Closing the Gap: Wealth Building Financial Literacy Guide
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2. Syllabus
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1. Understanding and Building Credit Learning Objectives
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2. What is Credit?
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3. Components of a Credit Score
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4. Obtaining and Reviewing Your Credit Report
5. Building and Maintaining a Good Credit Score
6. Case Study Analysis
7. Case Study Feedback
8. Starting Credit with a Secured Credit Card
9. Benefits of Using a Secured Credit Card
10. How to Use a Secured Credit Card Effectively
11. Choosing the Right Secured Credit Card
12. Best Secured Credit Cards for Building Credit (High Approval Odds)
13. Understanding Unsecured Credit Cards
14. Benefits of Unsecured Credit Cards
15. Drawbacks of Unsecured Credit Cards:
16. Avoiding the Trap of Credit Card Interest
17. Example of Interest Accumulation
18. Lesson 2 Quiz
19. Quiz
20. Lesson 2: Understanding and Building Credit (Full Lesson)
1. Repairing Your Credit
2. Common Credit Problems and Their Solutions
3. Disputing Errors on a Credit Report
4. Creditor Obligations When Handling Disputes
5. Strategies for Improving Credit Score
6. Debt Consolidation
7. Methods of Debt Consolidation
8. Benefits of Debt Consolidation
9. Drawbacks of Debt Consolidation
10. Credit Counseling
11. Credit Counseling Services Provided
12. How to Find a Reputable Credit Counselor
13. Benefits of Credit Counseling
14. Drawbacks of Credit Counseling
15. Case Study Analysis
16. Case Study Feedback
17. Personal Credit Improvement Plan Activity
18. Credit Improvement Plan Template
19. Case Study Analysis
20. Example Credit Dispute Letter
21. Getting Out of Debt: Strategies for Success
22. Snowball Method
23. Avalanche Method
24. Choosing the Right Method
25. Lesson 3 Quiz
26. Quiz
27. Monthly Debt Tracker
28. Lesson 3: Repairing Credit
1. Building and Maintaining Savings
2. Why Saving Matters
3. Types of Savings Accounts
4. Traditional Savings Accounts
5. Money Market Accounts
6. Certificates of Deposit (CDs)
7. High-Yield Savings Accounts
8. Creating and Sticking to a Savings Plan
9. Automated Savings and Other Tools
10. Emergency Fund Challenge Exercise
11. Develop a structured savings plan for a specific financial goal
12. Lesson 4 Quiz
13. Quiz
14. Reflection
15. Savings Tools Exploration
16. Lesson 4: Building and Maintaining Savings
1. Wealth Building through Homeownership
2. Benefits of Homeownership
3. Drawbacks of Renting
4. The Wealth Gap Between Homeowners and Renters
5. Long-Term Financial Advantages of Homeownership
6. Understanding Home Equity and Appreciation
7. Rent vs. Buy Comparison Exercise
8. Understanding Home Equity in Simple Terms
9. Purchasing Multi-Unit Properties for Rental Income
10. Benefits of Multi-Unit Property Ownership
11. Getting Started with a Multi-Unit Property Investment
12. Converting a Primary Residence into an Investment Property
13. Homeownership Goals Exercise
14. Lesson 5 Quiz
15. Quiz
16. Wealth Building through Homeownership PDF
1. The Home Buying Process
2. Understanding Mortgages and Interest Rates
3. Comparing Mortgage Loan Programs
4. Steps to Buying a Home
5. Steps to Closing Day
6. Key Players in the Home Buying Process
7. Mortgage Calculation Exercise
8. Case Study Analysis
9. Case Study Feedback
10. Key Players Matching Quiz
11. Quiz
12. Lesson 6: The Home Buying Process
1. Down Payment Assistance Programs
2. Overview of Down Payment Assistance Programs
3. Eligibility Requirements
4. How to Apply for Assistance
5. Local and National Programs Available
6. Grants
7. Forgivable Loans
8. Deferred Loans
9. Matched Savings Programs
10. Case Study Analysis
11. Case Study Feedback
12. Program Matching Quiz
13. Quiz
14. Lesson 7: Down Payment Assistance Programs
1. Importance of Life Insurance
2. Understanding Life Insurance
3. Types of Life Insurance
4. Choosing the Right Life Insurance Policy
5. Using Life Insurance as a Wealth-Building Tool
6. Case Study 1: Term Life Insurance and Budget Constraints
7. Case Study 2: Whole Life Insurance for Wealth Building
8. Lesson 8 Quiz
9. Quiz
10. Life Insurance Policy Comparison Worksheet
11. Lesson 8: Importance of Life Insurance
1. Saving for Retirement and Utilizing Retirement Accounts
2. Importance of Saving for Retirement
3. 401(k) Plans
4. Individual Retirement Accounts (IRAs)
5. Contribution Limits and Tax Advantages
6. Strategies for Maximizing Retirement Savings
7. What is MAGI (Modified Adjusted Gross Income)?
8. How MAGI is Calculated
9. Why MAGI is Important
10. Case Study Analysis
11. Retirement Contribution Example
12. Lesson 9 Quiz
13. Quiz
14. Lesson 9: Saving for Retirement and Utilizing Retirement Accounts
1. Estate Planning
2. Basics of Estate Planning
3. Importance of Key Estate Planning Documents
4. Reducing Estate Taxes and Protecting Assets
5. How Business Entity Formation Protects Assets
6. Types of Business Entities That Protect Personal Assets
7. Example of How Business Entity Formation Protects Assets
8. Case Study 1: Importance of a Will
9. Case Study 2: Asset Protection Using a Business Entity
10. Estate Planning Exercises
11. Lesson 10 Quiz
12. Quiz
13. Lesson 10: Estate Planning
1. Congratulations! You’ve Completed the Closing the Gap Financial Literacy Guide

About this course

$150.00
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Closing The Gap: Financial Literacy Guide

Closing the Gap: Financial Literacy Guide

Course curriculum

Syllabus

Introduction to Financial Literacy

Understanding and Building Credit

Repairing Credit

Building and Maintaining Savings

Wealth Building through Homeownership

The Home Buying Process

Down Payment Assistance Programs

Importance of Life Insurance

Saving for Retirement and Utilizing Retirement Accounts

Estate Planning

Closing the Gap: Final Message

About this course