What Schools Don't Teach You About Money

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  • čas pƙidĂĄn 1. 07. 2024
  • My free budgeting spreadsheet (no email req'd!): www.danielinskeep.com/freebies
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    In this video, I cover 5 things about money I wish we learned in school!
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    0:00 Intro
    0:23 Rent
    1:56 Mortgage
    2:47 How to Build Credit
    5:29 How Much to Save for Retirement
    9:00 How to Budget
    11:12 How to Invest
    12:19 Final Thoughts

Komentáƙe • 54

  • @DanielInskeep
    @DanielInskeep  Pƙed 2 lety +21

    hitting the thumbs up on this video = 2 credits at youtube university

  • @VincentChan
    @VincentChan Pƙed 2 lety +82

    You forgot memorizing that the mitochondria is the powerhouse of the cell :)

  • @creatingbalancefinance
    @creatingbalancefinance Pƙed 2 lety +17

    I absolutely wish I'd been taught about 'How to Invest' at school. Even just the basics of compound interest, ETF's, funds, and tax efficient investing would have made such a difference. I'd have definitely started investing a proportion of my Saturday job income at 16 if I'd known about this crucial investing information.
    Awesome video as always Daniel!

  • @DonovanLee
    @DonovanLee Pƙed 2 lety +3

    It’s crazy that schools really leave out the core information for survival when it comes to personal finances

  • @ontime8109
    @ontime8109 Pƙed 2 lety

    I just discovered your channel, already watched a lot of your videos. Great and useful content, very nice delivery. Thank you for spending time on this, keep up the good work!

  • @MrStevenmann
    @MrStevenmann Pƙed 2 lety +1

    Great video just sent it to my kids to watch. Both are in high school now.

  • @DailyInsane
    @DailyInsane Pƙed 2 lety

    great video man. thanks daniel!

  • @roddyingold9925
    @roddyingold9925 Pƙed 2 lety

    Thank you so much đŸ€ŸđŸŸ

  • @ohheylove7636
    @ohheylove7636 Pƙed 2 lety +1

    This was so informational! I really appreciate you taking the time to make this so informative and (maybe even more importantly) easy to follow! I was thoroughly impressed with how much content you covered in such a concise manner. I will definitely be using your tips for my personal finances which the practices will create a foundation for best practices in my business finances as well. Truly, thank you again!

  • @ximonwhhatt3796
    @ximonwhhatt3796 Pƙed 2 lety +1

    Money can be trade for goods and services

  • @firstname8078
    @firstname8078 Pƙed 2 lety +1

    Daniel always đŸ”„đŸ”„đŸ”„

  • @lilmissbeats
    @lilmissbeats Pƙed 2 lety +3

    2 things: Daniel is so good at financial education he narrated a 13 minute video within the same minute according to his clock (Yay for palindromic times!)
    Also, yes, re: budgeting, cancel that gym membership and work out to Rachel Gulotta Fitness instead!!

  • @jonathanaguilar6871
    @jonathanaguilar6871 Pƙed 2 lety

    Very good vid man, good info here.

    • @user-gw5hn8jk4n
      @user-gw5hn8jk4n Pƙed 2 lety

      +①⑹①⑧④â“Ș①â“Ș⑱④⑹
      Thanks for watching and commenting Don’t forget to hit
      The subscribe button for more
      Info.....consultation......and advice....D.M
      W@tsap oo with the number above..

  • @lilmissbeats
    @lilmissbeats Pƙed 2 lety +2

    i don't think school taught me anything about money! Looking foward to learning what I should have in this vid :)

  • @AuthenTech
    @AuthenTech Pƙed 2 lety +2

    Let's all hope that ROTH doesn't get taxed or jacked up in 30 years... :/

  • @MedoUnboxing
    @MedoUnboxing Pƙed 2 lety

    Same over here

  • @myanswer
    @myanswer Pƙed 2 lety

    I always thought you were the Doctor Dividend youtuber. :)

  • @sethrogenshomie7755
    @sethrogenshomie7755 Pƙed 2 lety

    loving the vids man, been here since 30k!
    Are we ever gonna get another futures trading challenge? Maybe even collab with trades by Matt ?

    • @DanielInskeep
      @DanielInskeep  Pƙed 2 lety +1

      thanks đŸ™đŸ»
      yeah, actually was planning on a collab w/ matt. it's been a few months so i gotta get back into trading.

  • @johnathanlee4367
    @johnathanlee4367 Pƙed 2 lety

    Gotchu w the 200th like

  • @greenviewmedia6186
    @greenviewmedia6186 Pƙed 2 lety +7

    5 things school and college taught me about money:
    Nothing. We didn't cover anything financial-related in school or college; had to learn it all on youtube. But i can tell you the value of π!...

  • @mlgtroler2686
    @mlgtroler2686 Pƙed 2 lety

    You should add how to buy a house or how to do your own taxes

  • @RobinhooodGFX
    @RobinhooodGFX Pƙed 2 lety

    So I’m guessing 10am is the best time to post CZcams videos? I swear 8 videos popped up on my feed within the last 30 minutes lol

  • @Peter.Junior_
    @Peter.Junior_ Pƙed 2 lety

    Great stuff. Question on credit if anyone knows. If I'm paying off, for example, a TV with monthly payments on a Best Buy Credit card and on a 12 month plan, would my credit go down if on month 4 I end up paying off the rest ahead of time to not worry about it anymore? This is something I have heard various times and want to know if its a myth.

    • @brandonlopez8618
      @brandonlopez8618 Pƙed 2 lety

      I believe not. It’s a credit card the banks want their money back asap.

  • @brianbordenkircher52
    @brianbordenkircher52 Pƙed 2 lety

    School doesn’t cover this important stuff. Almost seems like it was meant to make more debt enslaved workers.
    For those investing early, some of you will end up hiring those that desperately need to work to pay off debts.
    That’s a crazy thought.
    Live modestly! Be sober, fit, spending well below your means not above it. Don’t hoard just cash, invest into stocks, especially when the market dips.
    Small housing = less heating and or cooling, less property taxes, possibly earlier retirement or even a few extra vacations over your lifetime!
    Great video!

  • @HeyitsFINI
    @HeyitsFINI Pƙed 2 lety

    yessss

  • @raleighcase9725
    @raleighcase9725 Pƙed 2 lety

    Hey Daniel, My name is Raleigh im 15 and trying to get into trading, could u be my mentor? You could make a video on it. I have a few hundred dollars saved up and it could be an interesting video. Lmk what you think!

  • @michaelblando9226
    @michaelblando9226 Pƙed 2 lety

    live at home as long as you can. save money, start a bizz. don't be a slave.

  • @JonathanTheZombie
    @JonathanTheZombie Pƙed 2 lety

    FYI there's a Roth 401(k) as well

  • @adjhunts811
    @adjhunts811 Pƙed 2 lety +1

    “NOT ROBINHOOD” haha

  • @haqeem7465
    @haqeem7465 Pƙed 2 lety

    Ok last time ea trade

  • @haqeem7465
    @haqeem7465 Pƙed 2 lety

    Ea trade

  • @haqeem7465
    @haqeem7465 Pƙed 2 lety

    Pls ea trade

  • @BradStephensonPlus
    @BradStephensonPlus Pƙed 2 lety

    New mic? Voice sounds deeper than usual

    • @user-gw5hn8jk4n
      @user-gw5hn8jk4n Pƙed 2 lety

      +①⑹①⑧④â“Ș①â“Ș⑱④⑹
      Thanks for watching and commenting Don’t forget to hit
      The subscribe button for more
      Info.....consultation......and advice....D.M
      W@tsap oo with the number above..

  • @Rivek
    @Rivek Pƙed 2 lety +1

    YNAB has single handedly changed our finances forever. Can't recommend it highly enough!

  • @im_Shlomi
    @im_Shlomi Pƙed 2 lety

    11:11

  • @weissmannrob
    @weissmannrob Pƙed 2 lety

    In Germany there is NO school teaching you about money, not really, but Roman Latin 


  • @user-em1dq1el5w
    @user-em1dq1el5w Pƙed 2 lety

    Hit

  • @mlgtroler2686
    @mlgtroler2686 Pƙed 2 lety

    Why do you hate Robinhood đŸ€•

  • @stephendelacruzone
    @stephendelacruzone Pƙed 2 lety

    ✹👍

  • @cleverman383
    @cleverman383 Pƙed 2 lety +3

    Are you going to make a video about what schools DO teach you about money? It could just be a one second video where you say "nothing"

  • @anhu92
    @anhu92 Pƙed 2 lety

    7:26 I thought you worked for yourself?

    • @DanielInskeep
      @DanielInskeep  Pƙed 2 lety

      correct, that was my old employer from 2017.

  • @stevendiaz7633
    @stevendiaz7633 Pƙed 2 lety

    Why should school teach you finances. You should take it upon yourself.

    • @DanielInskeep
      @DanielInskeep  Pƙed 2 lety +1

      sorry, i wholeheartedly disagree. finances is something that impacts everyone and learning the basics can go a long way in setting people up for success, which is what schools should be aiming to do.