What Is The Financial Acumen Course® Project?
The Financial Acumen Course® is an ongoing effort to promote financial literacy, and help families with a practical approach to pay off debts, improve household cash flow, develop supplemental income, and create a secure financial position.
The course teaches financial life-skills that are not taught in school, but should be. Academically, schools teach classes in mathematics, accounting and economics. Basically, schools teach the theory and mechanics of bookkeeping, supply and demand, etc., but they fail to teach practical skills to manage money.
The Financial Acumen Course also teaches how to cut costs; how to save money; how to create a livable budget; how to organize and manage financial records; how to use simple strategies to improve household cash flow with existing resources; how to manage credit; how to recognize and avoid consumer scams; and much more. For people whose goal is to earn more money, the course teaches concepts of how to create supplemental income; save money on taxes; how to minimize exposure to risk; how to make up shortfalls in retirement planning; and more.
Here are a few illustrative examples of what The Financial Acumen Course teaches:
The entire course applies concepts like these to each person’s actual personal finances. The examples above barely scratch the surface. By the end of the course, an attendee has a completely customized household budget (created within the lessons), and is provided with a debt-payoff analysis that specifies their debt-free date (including potential time and money savings) if they make use of the tools and resources explained in the course.
The key points The Financial Acumen Course drives home are:
- How to make practical changes to reduce debt and improve cash flow without your family feeling a negative lifestyle impact or a sense of loss,
- How to develop better financial habits by automating changes that won’t be an imposition, allowing you to get out of debt without giving up your morning latte,
- How to create more income with less effort, using the same resources you already have available (as well as enhancing your lifestyle by adding new supplemental income streams).
- How you can make up for lost time (preparing for retirement) by creating “asset equivalents” that produce income and outpace inflation as if you had invested the money years ago.
The lessons are fully narrated, video-based classes that first explain the material, then have the attendee apply the material to their own unique situation by completing interactive exercises that build upon one another. As an individual goes through the course, they are hand-held step-by-step in creating their own debt payoff plan, their supplemental income plan, and their retirement plan. To facilitate their success, they are assigned a PSG Certified Coach at no additional cost. Working with a coach is not required, but it is encouraged to help maximize the feedback to the attendee and the applicability of the course material.
The Financial Acumen Course®
Founder & Project Backdrop:
Take a Closer Look!
Money is a very personal and private topic for people. On one hand, people love to give financial advice to others. On the other hand, people are very hesitant to accept financial advice. In other words, people tend to tell others what they’d do if they were in the other people’s shoes, based upon their own priorities and values. Unfortunately, such opinions are rarely a good fit for the one receiving the advice.
Consequently, most popular or trendy programs that tell you how to achieve financial peace in your household (or follow a “recipe” of pre-defined steps to become debt free) do not consider your personal financial circumstances in context with your goals, priorities, and values. Some of them advocate a regimen of “self-deprivation“, much like a fad diet where you’d need to make drastic changes to your lifestyle in order to reach unrealistic, aggressive goals. Few people succeed following a plan based on such conditions. If you have to give up your comforts and reduce your lifestyle for more than a few weeks, sooner or later it becomes easier (and preferable) to rationalize falling back into bad habits.
Likewise, “cookie cutter” programs that dictate a generic recipe for all to follow end up being “one-size-fits-none”. Besides that, such programs typically instruct their followers to take actions that result in slower payoff and less savings than if people chose a more sensible plan. In the end, people who try (and fail) at fanatical approaches to becoming debt free often end up feeling like they joined a “financial cult” rather than a workable, doable program well-suited for their personal financial success.
Here are a few examples of “one-size-fits-none” sentiments found in a few such popular programs:
The five pointers above are just the tip of the iceberg. Beware of following a catchall recipe that dictates specific (but generic) what-to-do’s, rather than creating and customizing a personalized plan that also explains why to do certain things.
Perhaps you’ve heard the expression, “Give someone a fish, you feed them for a day. Teach them how to fish, you feed them for a lifetime.” The Financial Acumen Course® is about teaching people how to fish for themselves. It explains the what’s, the why’s, and the how’s of becoming debt-free, creating supplemental income, and building a secure retirement.