This course is ideal for professionals in the tax, bookkeeping and financial services looking for more confident skills to proactively help clients plan for and manage their financial health, especially in a post-pandemic world. The focus is first on understanding the real cost of debt, both personally and in business, and how to use it in a healthy manner to meet financial goals, while minimizing expensive, or worse, catastrophic outcomes.
Further, when well managed and understood, the use of debt can help clients propel wealth creation activities forward. As important, continued access to credit facilities offered by financial institutions will depend on it.
Learn a strategic process for improving your clients’ relationship with debt in order to work towards a happy outcome: a healthy balance sheet and the affordable, responsible use of debt in building family wealth.
Chapter 1 | The Effect of Debt on Wealth Management
Chapter 2 | Financial Assessment: Data Collection for Debt and Cash Flow Analysis
Chapter 3 | Better Credit Scores: Prerequisites for Successful Borrowing
Chapter 4 | Mortgages: A Better Mortgage Reduction Plan
Chapter 5 | Managing Consumer Debt
Chapter 6 | Vehicle Loans and Leasing
Chapter 7 | Managing Fixed and Variable Expenditures
Chapter 8 | Managing Debt Through Late Life Milestones
Chapter 9 | Presenting Debt Reduction Solutions for Younger Families
Chapter 10 | Business Debt
As a professional bookkeeper for small businesses, I took this course because I wanted to include debt management in my business service portfolio. A lot of small businesses are really just self-employed individuals with their business start-up funds coming from personal loans and credit. The course provided a lot of knowledge on various types of personal debt, how to categorize and group monthly expenses and payments, and the various products available for dealing with debt unification. In addition, the course provides access to tools for calculating repayment schedules and interest. A good course for anyone dealing with personal finances.
—Melissa L., BC
Graduates will have the ability to help their clients by doing a formal financial assessment at least annually. Families will better understand the effect of debt on their cash flow and ultimately their ability to accumulate wealth for the future by understanding their debt.
You'll be able to help clients determine what is affordable, how much is affordable and what to do when it’s unaffordable: define an order of debt reduction. As well, the debt to asset ratio, debt to disposable income ratio and debt to equity ratio will be demonstrated and you'll learn what good debt and bad debt are and how to consolidate debt effectively.
Using online demonstrations linked to the topics in each chapter, you'll learn how to use various powerful, professional calculators to establish a savings strategy, as well as a debt management strategy. Most importantly, you'll learn how to pay down debt and in what order, what types of debt are necessary to accelerate the building of wealth, and how to manage cash flow for upcoming life events.
• Personal course selection consultation
• Virtual campus orientation
• Lesson and study plans
• Personal instructor email support
• Comprehensive Knowledge Journal
• EverGreen Online Research Library
• Knowledge Bureau calculators
• Testing and certification
• CE/CPD accreditation
All students who pass the course will receive a certificate. Students who receive a mark of 90% or better will receive a gold honours bar on their certificates.
Knowledge Bureau | 30 CPE credits
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Complement your online education with CE Summits. Held in November, January and May, these one-day, instructor-led workshops offer peer-to-peer learning experiences to students who prefer studying in groups.
Annual three-day Distinguished Advisor Conferences focus on finding solutions for the challenges faced by businesses in a global marketplace.
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