Financial Literacy - Full Video
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- čas přidán 16. 06. 2024
- ■ 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!
Educators can get a free DVD version of the video, as well as access a full teacher’s guide and other teaching resources by creating a free account at www.izzit.org.
Subject Areas:
■ Business
■ Economics
■ Family & Consumer Science
■ Mathematics
Topics:
■ Banking
■ Budgeting
■ Compound Interest
■ Financial Literacy
■ Investments
■ Money Management
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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
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.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
If you do decide to make new purchases, have an exit strategy ready. Consider taking partial profits quickly to lock in some gains. I've been in regular contact with a financial analyst since covid. Investing in popular stocks is now quite straightforward; the issue is determining when to buy and sell. My advisor makes investment and exit decisions for my account, which has risen to more than $500K in less than a year.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
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.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
please can you leave some info of your investment advsor here? I'm in dire need for one
I'd say a little due diligence on "Dianne Sarah Olson" truly exceptional
just found her page on google and I must say she is remarkable.. thanks for this info
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.
People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@@MatthewVinson I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
This is exactly how i wish to get my finances coordinated ahead or retirement. Can you recommend the financial advisor you used to get ahead?
Do your due diligence, and be on the lookout for one with strategies to help your portfolio maintain an unwavering and progressive growth. "Jill Marie Carroll" is responsible for my portfolio success, and I believe she has the qualifications & expertise to meet your goals.
I just googled her name and am really impressed with her credentials; I reached out to her through her website as I need all the help I can get.
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?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
No, as a matter of fact I always preferred to handle my own investing, but after my portfolio took a major hit in 2020, I really had to rethink my plans for the future, so I reached out to an F.A Kaitlin Rose Sternberg who really helped me balance up my losses.
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.
This is excellent! As a newcomer, it can be challenging to manage all this information, and staying informed is a significant challenge. How do you handle it? Are you an experienced investor?
Absolutely not. By closely tracking my portfolio's performance, I've witnessed remarkable growth of $473k in just the last two quarters. This experience has taught me the reasons behind the substantial returns that experienced traders achieve even in less recognized market conditions. I must admit, this has been one of the most audacious choices I've made lately.
@@hunter-bourke21 Could you provide me with information on how I can get in touch with your advisor? I'm currently facing challenges with my funds being eroded by inflation and I'm actively seeking a more effective investment strategy to enhance the growth of my portfolio.
I'm guided by "Camille Alicia Garcia" an experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.
@@hunter-bourke21 Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
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.
Most people don't understand the power of compound interest or are just impatient. However, I think it's better for the average person to invest in the S&P 500 and wait, which is reliable, albeit extremely long: many years, or just hire an investment advisor and accelerate wealth accumulation. Most people underestimate the power of the latter.
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.
@wilsonkelvin2531 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.
@wilsonkelvin2531 quickly do a web check where you can connect with her, and do your research with her full name mentioned
@wilsonkelvin2531 I heard she always has a way of linking someone's investment into something new and profitable
You called the bots lol
A 16 minute video clarified how I should act with my money better than any high school class I've taken.
Facts !
A few more videos and you will be Albert Einstein. Bare with me on this, you may be dumber than you realize.
Guess your in usa
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.
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
People underestimate how much they can make from the stock market. I started with $127k and made more than $86k within just five months of starting, and it's been an awesome ride since then.
Can I ask who it is that is guiding you? I'll appreciate any assistance. I want my portfolio to improve.
My advisor is Sharon Louise Count. She has a contact website; I can't drop her number here.
Thank you for this. I'm gonna check her out and try to reach her. I hope she gets back to me soon.
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
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
@@martingiavarini Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person
@@hermanramos7092 My advisor is Catherine Morrison Evansshe’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@martingiavarini I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
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.
As with an my big financial decision ,it’s important to keep your guard’s up for economic risks. However,smart planning,time management and seeking advise from a financial adviser can help keep you and your money safe and also help plan your retirement.
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 atleast $2million, i want to buy a big enough for i and my grandkids, I also have a dog.
Right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, ’Pamela Kay Regel’ she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
Fantastic! can u share more details?
She is well-known in her industry; you may have heard of her before I did thanks to a Newsweek article. You can look her up online.
Formal education will make you a living.
Self-education will make you a fortune.
- Jim Rohn
At the very least, I now grasp the concept of leverage.
Creating
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
My Financial adviser is Susan Kay Mack she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
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.
Thank you for watching! You might also enjoy our video on Student Loans: czcams.com/video/K9QReSXinVQ/video.html
👍👍
This is what school should be teaching, not a formula to calculate a freaking shape.
lol
Their is use for both.
keep the rich rich keep the poor poor
True
@@ellabella7071there is absolute no fucking use for a formula 💀 im not a aerospace engineer or rocket scientist godamn ur stuck in the matrix
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.
These uncertainties will always be there. Thing is, every once in a while, the market does something so stupid it takes your breath away. If youre not ready for it, you shouldnt be in the market business. or get you a skilled practitioner.
@Brilliantrans Not bad at all. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
@Brilliantrans Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I think everyone should learn this.
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.
They should teach this in high school
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."
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
Thanks for checking out our video!
I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon
Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes with the help of my FA Olivia rene reyes.
inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
@meredithelbert6608 Sure, the Investment advisor that guides me is “Olivia Rene Reyes” and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
she really seems to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
Compounding interest is a great strategy. I hope interest rates rise to historical average to reward those of us who do the right thing and use this strategy. It seems to be taking forever. Meanwhile property prices are skyrocketing worldwide. I wonder if and when there will be a correction.
This is one of the best financial literacy classes I've ever taken :)
So glad that you found this video helpful!
I started this year, best decision ever!
The best education I have never had in my Life thank you for this video 🙏🙏🙏
THANK YOU FOR THIS! Now let's share it with young learners!
As an collage student taking Finance class this video really helped me on my homework for today
Thank you, guys, so much for just being straightforward and so helpful! good stuff
This is really good financial education, very simple to understand
Thank you for sharing this knowledge.
Great content. Laid out perfectly and easy to digest and understand.
I love saving, now I am learning about investing.
Thank you for shedding light on the importance of financial literacy. It's astonishing how our education system often overlooks this crucial aspect of life. We all need to take personal responsibility to educate ourselves and make informed financial decisions.
Life is weird, beautiful experience when you step back and look at it. Grateful to be here with you all, working with a financial advisor could truly set you up in life. I’m delighted to contact a financial coach Rodger Michael Karl, earlier this year because while others were busy whining about the downturn I was busy cashing out from my investment, finally making over 7 figured for the first quarter of the year.
Needed to see this today, struggling with my finances for months now after my divorce, I just discovered his outstanding resume when I searched up his username. I count it a blessing that i came across this comment...
With the help of Sir Rodger Michael Karl, I’ve gained perfectly well from my investment. The quantity of capital you invest, though, ultimately determines everything. With a substantial start-up budget, you could able to end more.
Rodger Michael Karl, really seem to know this stuff. I found his online-page, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
Rodger Michael Karl. Has transformed my life, he is amazing, and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge. He’s ideas is essential for succeeding against all odds in this area of online commerce. I’m free from debts and am able to save up for retirement.
11:35 never mind the pizza, they're wasting a ton of money on sunglasses
I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
I wish I seen this when I was 14 years old.
Thanks from Russia! :) We don't have financial education almost at all.
Thank you so much for this video. Super helpful and well-presented. Your time and effort is most appreciated!
I appreciate you for sharing such video with good content here and i will keep following you because you're the best.
This is a very interesting video, I leaned a lot on budgeting my income.
generally super! Now I'm in a great mood for the whole day! thank you!:)
Thanks for your video and valuable tips. They help me become a more successful trader and improve my results.
Ideally, your asset should cover your liabilities.
Greetings from Brazil 🇧🇷 here in Brazil, unfortunately, most people are not instructed to have financial education, I myself am one of them but I am starting towards financial freedom ❤
Glad you liked our video. Check out our whole playlist on financial education czcams.com/play/PLp79CNianrN7VkS_5diZoXTRaYD1G7j1Y.html
EXCELLENT OVERVIEW OF FINANCIAL CONCEPTS.
I will make a good decision on financial management.
Thank you for sharing your knowledge and ability how to manage financial aspects ❤
Basic, still a must know!
Wow wonderful to hear a Nigeria calling out
Thanks for sharing this wonderful explanation
Thanks for this info
Very insightful video.
I love this video !!
Thank you for sharing financial advice
this formula is a great way to learn about you money
I am from India I am watching this video first time, it's sooo good
Love from India 🇮🇳
An asset is not something one owns but rather something that puts money in your pocket
This was very helpful!
Thank you for a wonderful learning tool without the distraction of unnecessary background music...!
I wish you had provided a basic alphabetical, a for example [four columns X three rows] spreadsheet - a working template, reflecting a basic glossary...! As in a Microsoft Word table of: assets; debts; earnings; expenses; investments and mutual funds and such!
A visual organized worksheet would help us grasp the relational concepts...!
i have a debt for the morgage. at first, i think it's a stupid idea, and don't know how i will live my life, because my income was not so big when i signed the contract. BUt now i'm so grateful because i have my own property instead of spending my money to pay rent gradually.
I pushed my self to live in an minimalism, and start saving even without particular reasons.
The biggest thing I learned from this video was 50% of investing is buying good companies at good prices and the other 50% is controlling your emotions when . market is moody.I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.
To achieve greatness, you need to start working with a Financial Advisor. Investing remains the smartest way to prepare for the future.Have been working with ROCHELLE DUNGCA-SCHREIBER for 8years and I'm extremely pleased with the good returns. The good news is, it's never too late to start investing.
15 year old here. Learning for my future!
informative!
The person who understands how to leverage 'people ( skills and experience) 'and ' things 'he will surely going to be rich and wealthy. You gotta understand the concept of money how it works.
Wow😍 Thank For This.
Thank you so much. ❤
actualy this is very inportant for entrepreneur s and financial accountance s i think
wonderful, easy to understand😍
Watching this to review our topic in practical research 1
Who knows or have any courses about investing and trading ? Can you bring any links?
Very helpful video. The best way to learn about finances is to start early. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great resource for teenage investors.
So glad you enjoyed!
This is insightful ❤
Thanks for this video
Now this is true education
🌞 Great resource for financial education
Thank you! Glad you enjoyed.
Great video ❤❤❤❤
If we all went up to the extent that financial education is important, especially at the first school age, we would have many more qualified people.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
Finding financial advisors like Lisa Angelique Abel who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Thank you
Thanks
Important lessons
I really wish I wasn't joking but I was diagnosed with ADD back in the late 90s. I remember at one point during my life I was standing right next to the wall and I was facing two different rooms side-by-side. I'm the left was a room that had a couch and a TV while the other room literally was full of books and one chair. I firmly believe to this day that if I had shows the room with all the books I would have been a completely different person today, but unfortunately I chose to choose the room that only had a couch and a TV. I hope you all know where I'm going with this! If I had shows the room that was full of books I would have been educated and insanely smart as well as fit and healthy. Unfortunately now I am morbidly obese and stupid, not to degrade myself, but because of my mental disorders life is very difficult for me. Please learn from me and educate yourself.
You are pitying yourself, know your worth and learn from David goggins
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
This is really inspired
Very interested
Amazing
✌🏻😌Great video. We are all seeking 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 wife 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...
We are glad you liked it. Check out more useful video on our Business & Economics playlist czcams.com/play/PLp79CNianrN7_Q-baCApD4gSmpicBe8T8.html
Wow so interesting i well always be watching this so fantastic
i should have lessoned to this 5 years ago
How can I make myself my more valuable to potential coworkers and customers , and how can I do my current job better, how do I spend the money going out.
Money in must be greater than money out
50 bills and housing/40 paying off debt or saving/10 entertainment rule
Maximize earnings through a budget
Assets are what you own(habit forming)
Save to build up assets
Diversify financial investment
When you purchase a stock, you’re getting an interest of the company(or small piece of that company, and you’re becoming a owner of that company
(Purchase an index fund, etf or a mutual fund)
The stock market can be volitile
What are good for long term goals
*Compound interest
Yes saving is inportant
I like to listening things regarding financial education
Also, remember if you have debt, pay it off as quickly as possible. When you pay debt you are no longer loosing ground, which in a way is a guaranteed rate of return.
Credit cards are great if and only if you pay the statement balance every month and rack up the rewards.
excellent
Robert kiyosaki define assets as something that generates money, additionaly, he said that house is not a liability. Whats your opinion?
Multiple of 10’s. 10x10=100x10=1kx10=10kx10=100kx10=1 million dollars