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Personal Finance 101 Part 1: Course Introduction 977 Views
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Transcript
- 00:01
We speak student!
- 00:05
Personal Finance 101
- 00:08
Introduction
- 00:09
a la Shmoop
- 00:12
Hi, welcome to Personal Finance 101.
Full Transcript
- 00:15
We're here with David Siminoff, the founder of Shmoop.
- 00:17
David did not only found Shmoop,
- 00:19
but he also spent about 20 years on Wall Street.
- 00:22
So if you wanna learn about money,
- 00:24
this is the guy to hear it from.
- 00:26
So we're gonna get you started with the basics
- 00:28
in Personal Finance 101.
- 00:30
And the first question we wanna talk about is just
- 00:33
why, when you're in high school, should you care about personal finance?
- 00:36
Why do we have to start thinking about it early?
- 00:38
Well, it's like anything. If you start early,
- 00:41
you get to be good over time.
- 00:44
And the weird thing about the world today
- 00:47
is that the penalty for not being good,
- 00:50
for not basically understanding how money works,
- 00:53
is that you wake up one day
- 00:55
and you're too old to do anything about it.
- 00:59
If you know about things in high school,
- 01:01
your outlook on the world can change a little bit.
- 01:04
You probably hear a lot of adults say,
- 01:07
"Boy, if I knew then what I know now,
- 01:09
I'd live my life differently."
- 01:11
So our goal is to get you to live your life differently
- 01:14
and just give you the information.
- 01:16
If you decide you don't really care about money,
- 01:19
you wanna be -- And it's okay being poor.
- 01:22
If you've got really wealthy parents or something,
- 01:25
good luck. Go cure cancer with that money.
- 01:28
But if you're not, and you actually need to work for a living and so on,
- 01:32
then you oughta know at least how the game gets played.
- 01:35
Awesome.
- 01:38
[ whoop ]
- 01:39
Why should you care about personal finance when you're still in high school?
- 01:45
[ woo! ]
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