WM 101 – FINANCIAL FUNDAMENTALS (PDF)

A. COURSE DESCRIPTION

A study and application of fundamental financial principles with a focus on the need for personal debt freedom

B. COURSE RATIONALE

To release every Kingdom Citizen from the Master of Debt
No man can serve two masters: for either he will hate the one, and love the other; or hold to one and despise the other. Ye cannot serve God and Mammon. – Mat 6:24

To train our members on how to steward God given resources
Well done, thou good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things; enter thou into the joy of thy lord. – Mat 25:21

To improve Financial Literacy
Study to shew thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth. – 2 Tim 2:15

C. COURSE EVALUATION

I. Exam 40%

II. Participation 20%

III. Vision Board 20%

IV. Homework 20%

V. MEASURABLE LEARNING OUTCOMES

Upon successful completion of this course, the student will:

1. Be able to demonstrate a foundational understanding of financial terms and biblical principles

2. Complete a functional Financial Plan
a. Identify gaps in current plan and design and implement strategies to accomplish financial goals
b. A personal budget completed
c. Properly evaluate any personality traits that will impede on goal progress i.e. Indiscipline,

3. Complete a Life Plan

4. Complete a Family/Personal Vision Board

5. If required, a Power of Attorney & Personal Will

D. COURSE REQUIREMENTS & ASSIGNMENTS

I. PREREQUISITES
No prerequisites required

II. REQUIRED RESOURCES (recommended)
a. Blue, Ron (1991). Master Your Money, Nashville: Thomas Nelson Publishers.

b. Bach, David (2003). The Automatic Millionaire, Canada: Doubleday Publishing.

III. ADDITIONAL MATERIALS FOR LEARNING
a. Internet access (broadband recommended)

b. Microsoft Word

IV. ASSIGNMENTS
a. TEXTBOOK READINGS AND LECTURE STYLE PRESENTATION – We will expect participants to take notes as well as to complete any in class assignments

b. INDIVIDUAL VISION PROJECT – Students will be required to complete a bristol board collage consisting of how they envision life for them in the next 10 years. For example; dream home, car, $ amount of bank statement

c. EXAM – A final written exam will be conducted with a mark of 60% required to pass. The exam will be open-book and comprised mostly of multiple choice questions. Participants will have 1 hour to complete the exam which must be completed in one sitting.

E. COURSE OUTLINE

Week 1 LIFE AFTER DEBT – Why God Needs You Debt Free
Debt is modern day slavery masked by convenience. This week we will explore the dangers of debt; the legacy of debt and why God wants every believer Debt Free.

Week 2 VISION – What You See is What You Get
Without a vision ... This week we identify the importance of having a clear vision for your life. Vision is absolutely critical to wealth accomplishment. A Vision Board assignment will be given this week with an expectation of the participants to present their boards in week 6.

Week 3 BUILDING WEALTH – How Money Works
An introductory look at wealth creation strategies and money management concepts, this lesson is designed to take an objective look at wealth and its many facets.

Week 4 LIFE PLANNING I – Life by Design
This week has been designed to serve as a practical exercise in life design. Intentional focus will be made to encourage participants to take an in-depth critical look at what they believe their life purpose is and what they must do to accomplish it.

Week 5 FINANCIAL PLANNING – Budget Counselling
This week has been allocated to sit with each participant to review their financial health. As we take a critical look at current financial strategies, recommendations will be made to fill gaps as required.

Week 6 EXAM WEEK
Participants this week will be required to take 3min each to present their Vision Board creation. A visual representation of personal/family dreams will be expected to be captured in this visual presentation.
A take home exam will be given, and will be required to be handed in the following Sunday to be graded.

• The Program Survey will be conducted this week