Financial Literacy - Full Video

■ Want less stress? More happiness? Learn how to manage your finances!

How do you make a budget? What's an index fund? Why is compound interest so powerful? What is the time value of money? Why should you start saving now? What should credit be used for? (Hint – not pizza!)

Do you ever want to buy a house? A car?

Money and finances. It seems so complicated. But it's really not. Discover the answers to these questions and more. Learn the basics of Financial Literacy and how to manage your money…whatever there is of it!

Subject Areas:

■ Business
■ Economics
■ Family & Consumer Science
■ Mathematics

Topics:
■ Banking
■ Budgeting
■ Compound Interest
■ Financial Literacy
■ Investments
■ Money Management

Chapters

0:00 Introduction
1:24 Income
2:47 Expenses & Budgeting
4:50 Assets & Saving
6:17 Stocks & Index Funds
8:38 Compound Interest & Time Value of Money
11:00 Debt & Liability
14:30 Conclusion
15:57 Discussion Question

[KingDavid-jjtk]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[shellylofgren]

I've heard that index funds and ETFs provide diversified stock market exposure while spreading risk. I have over $800K in savings; What's the most effective strategy to allocate funds in my portfolio and generate profits?

[kashkat]

Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $360k in my 401k.

[roseroland]

Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $1.7M. We have never sold so much as one share of stock.

[andrew.alonzo]

Financial literacy refers to the understanding and knowledge of various financial concepts, including budgeting, saving, investing, debt management, and more. It empowers individuals to make informed decisions about their personal finances, enabling them to navigate the complexities of money matters effectively. With financial literacy, individuals can plan for the future, manage risks, and work towards achieving their financial goals with confidence.

[Riggsnic_co]

The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point.

[flamesinthesky]

A 16 minute video clarified how I should act with my money better than any high school class I've taken.

[MarcelPhilips]

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.

[MonaghanMLOUISE]

just sold a property in Scotland 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.

[cloudyblaze]

This is nice. At least it confirms that it is really possible for people to make a lot of money from the stock market. I was flabbergasted by someone who said they made $49k in profit from the market every quarter. It blows my mind the level of expertise one must possess in other to make so much.

[Erinmills]

I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green and my retirement is edging closer by the day.

[Raymondjohn]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[ritaparker]

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.

[Deeman.]

I’m 15 years old and I’m about to have my first ever job so this video taught me a lot. I wrote down a lot of notes and i want to learn so much mor.

[WholesaleHustlesYT]

Formal education will make you a living.
Self-education will make you a fortune.

- Jim Rohn

[kortyEdna]

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.

[ctnizlb]

I'm a 15 year old girl and I've decided that school just isn't going to teach me these crucial skills. I'm dedicated to teaching myself now because a promising and secure, fruitful future is something I want to build for myself.

[werDJ]

Both comprehensive and succinct. Super helpful! "Most people don't need an education to know how to spend more but it takes education, sacrifice, and character to learn to practice saving, goal setting, and budgeting."

[iam_legrand]

This is one of the best financial literacy classes I've ever taken :)

[kelechiagu]

I'm 55 years and this video has inspired me. I was not financially literate and lost £'s I am now on the path of a financial paradigm shift, thank you