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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.

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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