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10 Personal Finance Rules School Doesn't Teach You finance lessons



What did you learn about personal finance in college? Credit? Investing? Money Management? Or did you only take the courses that were mandatory for you to graduate? Well, for most people these classes were more or less pointless, just like calculus, astronomy and anthropology.
In today’s video, we are going to share with you, 10 things school didn’t teach you about money.

#FinancialWisdom

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References:

Music: (Dreams) by Bensound.com

Practical Wisdom – Interesting Ideas

DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses. .

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10 Personal Finance Rules School Doesn't Teach You

10 Personal Finance Rules School Doesn't Teach You

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10 Personal Finance Rules School Doesn't Teach You
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41 thoughts on “10 Personal Finance Rules School Doesn't Teach You finance lessons”

  1. Almost all the personal finance help before 2020 is not relevant today. Everything has changed from buying a home to investment, and it isn't practical to follow the suggestions that have been mulling around for decades.

  2. Some basic tips I learned for saving money in college for first year's:
    – Do not go into the most expensive dorm. Ask on your college's reddit thread about the cheapest dorm with the best living conditions. If you were thrown into one, you can change it – and they'll refund you the surplus amount if you switch to a cheaper one (or at least, they should)
    – Don't get an unlimited meal plan, you're not going to use it as much– trust me. Check your college reddit thread for the meal plan people actually get. Sometimes meal plans are optional, and if you don't get one you'll be saving a lot of money. Sometimes paying at the dining centers out of pocket is cheaper than paying for the meal plan. Do the math on it

  3. The Europen Union is a hypocrite
    Greece and Italy pay 3 times as much as Germany for electricity.
    2021
    Not each pays same rate.

    The highest prices for electricity s Greece, then comes Italy, Slovenia and Croatia which cost a ridicuous €230 MWh.

    While… Germany and Poland, Czech and even Slovakia pay electric bill of €75 MWh.

    How is that Fair EU and Germany?

  4. Thanks Wisdom for the positive teaching on financial education and I urge people to know that Investing is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people’s lives, I know the problems for technology believers will end soon

  5. This is an idiotic video. 1 penny compounded every other day will not give you $10 million at the end of 30 days. At 29 days you will have $163.84. So one would be wise to take the $3000 over 1 penny doubling every other day for 30 days.

  6. My teens are required to take a financial literacy course in high school. It seems like the GenZers are much more averse to debt. They see the millennials complaining about the consequences of their financial illiteracy on the internet all the time.

  7. Eh, the first tips is dangerously flawed. 1. You can't assume that the house market will continue to rise. 2. You take on more risk when you loan more money;. It's not fun to pay high interest rates.

  8. I'm sorry… I must be misunderstanding something, or people are overlooking this? His example of a "penny that doubles in value every other day" (so 15 times in 30 days) claimed it would be at $10 million, but after doing the math, I only got $163.84. Am I wrong? (I am young, not an actual businessman, so go easy one me.)

  9. I disagree that schools teach us simply to be good employees. Why? Because they don't even teach us how to interview….or get us basic work skills. All it does is teach us to do pointless tasks without question.
    I don't think that was designed this way (at least not at this point in time).

    Schools are ran by a unionized government branch. The contracts are strong and funded by tax payer dollars. Contrary to what people think, teachers make well above the average salary for an American. They also work significantly less than the average American. They also have Union protection which most americans don't have. Yes, we fund their salaries. Modern serfdom.

    Union lead businesses don't like change. Anything that would NEED to be done comes with the cost of negotiations with the unions. Takes a lot of money and time to fight that stuff. A schooling system that is behind the times I'm surprised at all. Also not surprised at the teachers entitlement. If all you had to do was work somewhere for 10yrs and then you get immunity from being fired…..well, you can bet your ass you're getting the bare minimum work out of that person. That's human nature.

    Politicians have also influenced school by requiring certain topics that are sometimes controversial. Problem is it is very one sided. To the point where many children are completely unaware there is a massive counter argument to what they were indoctrinated with.

    If by the 8th grade you haven't figured out basic math, English, science and history. You're fucked. Seriously. Highschool is just a waste of time. You won't learn a damn thing in 4yrs. Would be better if highschool became a work study program based on IQ and aptitude tests. Kids below 88 are never going to be engineers or doctors. The best they could hope for is a management roll….maybe. I'm not saying they can't pursue it, but am saying they shouldn't get tax payer funding on something that physically impossible for them to do. Kids below 70 shouldn't even be allowed to continue with traditional education and instead be taught trade skills in hopes they can do something with their life.

  10. Who told you that there's no courses that sharpen your financial skills. That is why students should learn financial accounting and personal finance courses that are offered at your college

  11. I was very lucky!! I had an economics class in high school where the teacher gave extra credit for “trading” $10000 , pre internet, using the USA Today newspaper. I did well and decided at 16 years old, to start trading as soon as possible, which wasnt until i was 23 when i gambled that E*TRADE was real! Way back then the only trading was done when you called your human broker and had him buy/sell for you. Even back then it was $20 to trade online, but its way less now. So now that the video is over and ive been typing the while time, i wanna thank mr John apgar, from Parkersburg high school.

  12. A well explained video , It takes all this to improve your trading physiology as a beginner trader.

    1 Get Yourself in the Right Mindset. Before you even start your trading day, simply remind yourself that markets are never constant. …

    2 Have a Great Knowledge Base. …

    3 Remind yourself that you are Trading in Real Money. …

    4 Observe the Habits of Successful Trader. … Which is why I humbly recommend Mr Romero pieto in this field.

  13. The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially with the current economic crisis around the world i advice u learn a skil like forex or crypto dis wat i do wit Lisa_upfx 0-N l-G

  14. Cryptocurrency investments is not magic. you're not going to be a million richer overnight, but it's a good background to raise your finances at a steady growth. You need a proper understanding on it's step by a superb broker to trade for you, Lisa_upfx o'_n l_'g can help you

  15. Bernardmoore_official on "IG* has brought me out of poverty through investment i now know how to invest crypto i also made him my professional Broker cause i have being making a lot of "profit ever since big thanks to Mr bernard moore

  16. i doubt a single person picked 3,000 dollars over a penny doubling everyday, i think you should have more confidence in your target audience that watches personal finance channels

  17. His calculation of doubling a penny every other day is WRONG!. How do I know? Because I did the math. Why don't you ? It comes to $16,000. That is quite more than $3,000

  18. getting into Investing to create a passive income should be every wise man priority…i made my first million from having a diversified portfolio that spread across stocks, grade bonds, coins and etfs also with the help of a full service broker handling my portfolio. smart investing is key Mr bernardmoore_official is the man.

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