Financial Literacy - A Beginners Guide to Financial Education

This video is a beginners guide to financial literacy. Financial literacy is the knowledge and skills to make smart money decisions in your personal finances. Financial education is the same as financial literacy. This video will not teach you everything you need to know on financial literacy but is a guide to get you started on your financial journey.

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0:00 Intro
0:46 What is Financial Literacy
2:06 Earning Income
5:12 Investing
8:43 Saving
11:57 Spending
15:19 Credit
16:16 How to learn about financial literacy?

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DISCLAIMER - This is not a sponsored video, all my content is my own opinion and experiences. I am not a financial advisor and my videos are for entertainment purposes only. The financial products above contain affiliate links. Which means I earn a commission when signing up using my link at no extra cost to you. In most cases you get a sign-up bonus. All of my affiliate partners are with companies I use for my own personal finances.

Music: Coupe By The Grand Affair
Stock video by Pressmaster from Pexels

[pixlerfrost]

I'm literally 13 and I have no idea why I'm watching this video but I wanna prepare for when I grow up

[shellylofgren]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[Riggsnic_co]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[nwachukwuchionyere]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[fiecqjv]

Everyone is actually seeking financial freedom because the future can't be guaranteed with the increase in cost of living and comodities. The best thing is to make a proper plan on time and carry out the basic financial strategies to acquire necessary funds that will make life even better after now.

[mohammedsajahan]

just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[jesbensommichael]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[kortyEdna]

As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research

[Karenlisa]

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At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information.
Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[velayuthman]

I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $250k. before I turn 60, I would appreciate any advice on potential investments

[Ogden]

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

[financialeducationquotes]

Most people fail to realize that if you want to be rich, you’ve to be financially literate!

[alicebenard]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[MarcusFred-wniv]

Well that would be impossible to do considering I'm in my late 50s and I'm more interested in investments that could set me up for retirement in my 60s, my goal is at least $2million.

[Sardonic]

13 years old here. I wanna chase my dream of being a millionaire or just being able to have a good life and provide for me and my future wife and kids. I've only learned the bare bones of money in school and want to expand on that knowledge, and this is a great video for doing just that.
This is a great video because the video is simple and straight to the point, and also gave me stuff to research. Thanks for making this video.👍

[harleycartley]

My opinion for young aspiring millionaires is you need to be both a dividend investor and a growth investor, basically how i made my first million also i use an FA Emily Lois Parker For example if I just got a 1000% gain on Tesla and then pulled 85% of the money out and went into a load of more stable dividend stocks like CVX So I would say diversify, but also use those growth opportunities to build the capital to invest in the dividend payers (or in cash flowing real estate)

[joshhushed]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[Russelbobby]

Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich.

[TinaLee-jobe]

Thanks for the constant updates. I prefer to trade in the stock market because it is more profitable. I make an average of $34, 500 every 2 weeks even though I barely trade myself.

[melindajudi]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?