Personal Finance 101: Your Complete Guide to Building Wealth

Feel like personal finance terms are an inside joke you don’t understand?

It’s easy to be confused by the language used in the financial world. But you don’t need to understand EVERYTHING in order to manage your money well. In this video, we’re covering the key phrases and concepts you need to understand for successful money management.

Welcome to personal finance 101, your guide to financial literacy! In this video, we’re covering what you need to know about…
👉 budgeting
👉 debt
👉 credit score
👉 emergency funds
👉 retirement accounts
👉 investing

Learn all the personal finance tips you need to to build wealth, get rich, and develop financial independence.

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[kelsey]

Thank you so much this was awesome ❤🎉 I learned that I am inbetween the 1st step on the map and the 2nd but im trying to do step 4 - so im excited because now I can use that $ to help get me out of the debt im in!🎉 thank you!

[yoagi]

Hey great video thank you 💯🙏🏾
I have questions why is build emergency fund 3rd and not at 2nd? why would paying off interest be more important?10:51 on the video

[ridgehall]

Just save $1000 and use all extra money to pay off debt first and try not to spend extra on “fun” stuff, it’s way more fun if your debt free!

[keishamallard]

Love this🤑 Thank you for sharing your wisdom in such simple steps 💯✍😇💰

[birgitswitilek]

Thanks I really enjoyed this video and have watched 5 Minimalist Money Habits and also How to Stop Impulse Buying. I have a question about your recommended 50/30/20 approach to budgeting. What about things such as utilities, gas, groceries, internet? Where do they fit in? I own my home but still have a mortgage.

[thegrimmperspective]

Not a big fan of the 50/30/20 concept. If someone implements the 50/30/20 plan at day one, it's going to take them forever to meet their goals. If it'g going to be implemented, I believe it has to be explained as being the end goal (to a degree), once they've contributed to their employer sponsored retirement account and received a match, (no match, move on to the next step, ) paid off their high interest debt, followed by obtaining a 3 month emergency fund if married or 6 months if single.

I'd also rename this plan to the 20/50/30 plan as paying yourself first is the most important step to your financial future. Plus the plan seems to contribute to lifestyle creep.