Learn about Employment (W-2 vs. 1099), Employment benefits and taxes, Preparing an Annual Budgeting for Forecasting, and a Personal Financial Statement, plus How to Improve Credit to Obtain a Loan.
What is Money 101?
Calling all women entrepreneurs -
Do you want to take the “Fear out of Finance?” Enroll in Money 101, a five-segment financial literacy program designed for women and conducted by Diane Drey, a certified SCORE mentor.
Segments include Foundation, Investments, Taxation, Real Estate, and Money and Life Cycles. Each Segment consists of five two-hour classes. The segments can be taken in any order and are independent of each other. All classes are live on Zoom. Once you pay for a segment, you can take that SAME segment over again for FREE!
See Foundation Segment Session Details >>
Registration is limited to keep the classes intimate. Sign Up Now!
Date
Wednesdays, June 18, 25, July 9, 16, 23, 2025
Time
All sessions will be held from 4:30pm - 6:30pm EDT
Cost
$125 for all five sessions
EARLY BIRD PRICING: $100 if you register before June 2nd!
At the end of this FOUNDATION course, you will be able to:
- Describe the difference between W-2 and 1099 earnings and the tax implications of different types of employment
- Outline what benefits you should ask about when discussing potential employment
- Summarize the rules for hiring independent contractors, and if you are employed as an independent contractor know how to report earnings on your tax return
- Prepare a personal cash budget to help manage cash flow
- Complete a personal financial statement, including appropriate listing of assets and liabilities
- Describe the criteria a lender will use to approve your loan request, including credit reports and income/debt ratios
- Make yourself a more attractive candidate for funding
Class 1: W-2 Employment
- What key items should you negotiate and question when you take on a new job?
- What are the different pay periods (weekly, bi-weekly, semi-monthly, monthly).
- What is form W-4? How to set up exemptions and payroll deductions
- What is the difference between an Exempt and Non-Exempt employee? What state rules prevent overtime abuse.
- How to read a paystub and understand deductions? Period vs. Year to Date
- and more
Class 2: Independent Contractor Employment
- What is an independent contractor? What tests does the IRS use to determine if a person to be an independent contractor.
- Understanding the reporting obligations when you hire independent contractors?
- What are the Self-Employment taxes you need to pay as an independent contractor?
- What is form 1099? When must an employer send a 1099? Who gets a copy.
- Review of Schedule C for independent contractors
Class 3: Preparing a Budget & Forecasting
- Preparing an ANNUAL personal cash budget,
- Projecting sources and uses of funds, looking back, projecting forward.
- Understanding seasonal fluctuations in cash needs.
- Making a budget system that can be maintained.
- Tips to gathering information to ease the process of preparing your budget.
Class 4: Preparing a Personal Financial Statement
- What is an Asset? different ways of evaluating assets (cost, market, depreciated basis)
- What is a Liability?
- What makes either an Asset or a Liability “Current”?
- How to list Assets and Liabilities on a Personal Financial Statement
- What is Net Worth – tracking wealth and change from year to year
- How does a PFS differ from a business Balance Sheet?
Class 5: How to Improve Your Credit & Apply for Loans
- How to obtain a free complete credit report and understand it.
- What factors influence your credit score and tricks to improve?
- What goes into a bank loan application?
- What is credit utilization?
- What is a debt/income ratio, – potential discussion of applying for a mortgage –
- How to increase your chances of getting approved for financing?
BEFORE YOU REGISTER, please be certain you can:
- Attend all 5 sessions in the course. This represents a commitment to yourself and others in the group
- Work in front of a full-screen computer, allowing screen sharing in a quiet area to allow you to concentrate
- Agree to complete pre-work before each session. Optimizes your learning experience by enabling you to discuss concepts and examples with your peers and instructor. Pre-work should take approximately 2 hours before the second, third, fourth and fifth sessions.
- Use a calculator or application if needed to make math calculations.
- Complete the PRE-CLASS Questionnaire upon enrollment. The Questionnaire helps assess your current financial knowledge so sessions meet your needs. You will receive the link to the questionnaire AFTER enrollment.
Diane was formerly CEO of a New York Metro bottled water manufacturing and distributing company. Her expertise is in financial planning and marketing. She holds an MBA in finance and has over 30-years’ of experience running her own firm. She light-heartedly calls herself the "Money Lady" and focuses on business owners achieving profitability.
Are you ready to take the fear out of finance and plan for your financial future? Seats are limited; claim your spot now!
