This video is a beginners guide to financial literacy. Financial literacy is the knowledge and skills to make smart money decisions …
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This video is a beginners guide to financial literacy. Financial literacy is the knowledge and skills to make smart money decisions …
source
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27 comments
How to stop wanting to buy stuff
https://youtu.be/7mpiP6Qz4xk
rich dad poor dad is the worst financial book out there
This video was beneficial information and concise with how to grow and plan financially.
thank you
Miller Shirley Lee Timothy Martinez Carol
Watching for exam🗣️🔥
https://youtu.be/gGi1Q5BhsZA
Unfortunately,
"money" has always been controlled by crap.
Can you smell this shit "Ai" has been cooking?
Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading. For example last year I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Brown.
I'm glad this video popped up in my feed. ☺️I don't often see realistic info on financial literacy on YouTube complete with explanations and definitions. It's always nice to know there are other people out there teaching finance in a realistic way too. Greetings from USA. ☺️
Nothing beats the involvement of an expert in any trade or investment, selfishness and greed held many back and they ended up suffering huge losses, and the crypto market- Currencies are no exception.
I’m a young teenager, who wants to save and earn money 😁.
It's a good video
Good
Interrestin
So good!!!
dream sports car crashed up!! LMAO!! Love his humor!!!!!
Awesome! 100 percent correct!
What about a financial advisor?
passive income is a lie .
I am 8 i lpve this his vid
Am very anxious about my future .at age 23 I have nothing that I can call mine l need more of financial education 😢
Just realized, I'm financially illiterate 😢😢😢😢😢
This information was too much 😭 I'll just start from scratch in your tutorials
I’m a 19 y/o college student and I’m financially dependent on my parents. I’m tired of being ignorant of the financial issues people face and I want to change that. Also screw the education system for not teaching this stuff. America needs to change.
https://youtu.be/HszP2_eSH9w?si=B9U2uqfrfEj_UzdG
first second of video and i already have to learn what word literacy means in my native language..talking about beginning from zero lol
1.pension benefits,rrsp matching,union benefits,dental benefits
2.earned income (9-5)
3.profit income when you sell a good or a service more than it cost you 2 do (business owner or entrepreneur){income is unstable and earning is unlimited}
4.interest income:when you get paid 2 lend out your money (an example would be a high savings account, bonds or gig) {you need a lot of money 2 do this but its risk free & very passive}
5.dividend income is: income received for being a shareholder or a company, become a shareholder of a company that pays a dividend and you will receive. You will receive a dividend quarterly
6.rental income: when you let people rent out ur assets like: house or car
7.capital gains: this is when you. Buy an asset and sell it for more than u bought it(stocks,or a house)
8.royalty income: this income you receive for allowing someone to use your property(music, books.picture,patents,franctize){this income requires the work up front once its produced it can become more passive}
9.these types of income are either passive or atice
10. The more income streams you have the better because just incase u lose your job u wouldn’t be screwed.
11.active income: requires you to be active for you 2 make money
12.Passive: you can be sleep while you make money
13.you need to find things that pay more and require less time
14.investing in a business that can pay profit income, investing in real estate that can pay u retinal income or capital gains
15.or investing in a stock that can pay u dividend and capital gains
16.ways to invest in the stock market is robo adviser or self directed
17.self investing is when you do the self investing yourself
18.think about what kind of inverter you are (growth,divdent,etf, inverters )
19.what market do u wanna invest in: US market,candien,international
20. Once u find a broker the 3 main accounts you can go in 2 (cash account,tfsa,rrsp)
21.u need 2 contribe 2 ur tfsa 1st, all capital gains n this account r tax free
22.contributing to your rrsp should only b in certain situations so do ur research on that
23.cash account is used when u max out ur tfsa account
24. Once yk what account u want to invest in you should do ur research on what stocks u want 2 invest in
25.robo adviser: all u need 2 do is answer a few questions like risk tolerances and goals with ur money
26. Then your robo adviser will pick a portfolio 4 u based on your answered questions add money 2 ur account & set up automatic contributions
27. The robo adviser will do everything 4 u : investing ur funds,rebalancing ur portfolio, and reinvesting your dividends all for a small fee
28. Once u reach ur goal with draw the money and set a new goal when u add money back in
29.you can invest in REITs (real estate investment trust) you purchase this like stocks
30.you can invest in a small/private business : privately invest in someone's business
buy existing business or start ur own
31. 4 main categories in a budget: needs,wants,debts,saving/investments
32.the best way to do your spending is on an account that has budgeting tools
33.a good one would be koho.
34.koho is a reloadable visa card that helps u manage ur money & save
35.set up your account to where money will go directly to savings, ur gonna want to get the best interest rate that u can
36.invest towards retirement