Now, as much as I love school and the overall education system, they are woefully inadequate in teaching us important money rules. And most of you will agree that inadequate knowledge of financial rules is why a whopping 90% of American citizens say that money issues impact their stress levels.

Another study revealed that 73% of Americans rank their finances as the No. 1 stress in life! So, if schools really had our best interests at heart, they would teach us the important money rules to adopt to ensure success.



10 Little Money Rules I Wish I Knew at 20
▶[ Ссылка ]
Subscribe To My Channel Insight Booth ▶[ Ссылка ]



📌00:00 10 Money Rules You Won't Learn In School📌

00:55 1- You Need to Offer Value to Make Money:

One of the important rules about money school fails to teach you is that to bring the cash in, you just need to offer value, nothing else. That's right. Since kindergarten, the school has taught you that a 9-5 is the only way to make money. However, the truth is that as long as you can provide a product or service another person finds valuable, you can make money.


01:36 2- Saving Is a Must—You Don't Need a Reason:

The school will teach you that you need to figure out what you want and start saving for it. Is it a rainy day, a wedding, an expensive home, or a watch? You know best. The point is that school fails to teach you that saving is a necessity, not a need. You have to save always even if you do not want to do anything with the money.


02:11 3- Avoid Tying Time to Money:

If you are anything like the rest of us, you understand money in units of hours. I mean, the idea that the hours you spend on a job determine the amount of money you squeeze into your pocket at the end of things.


02:53 4- Save Up Six Months of Living Expenses in an Emergency Fund:

So, can someone remind the class how many months of living expenses you need to save in your emergency fund? To be honest with each other, you've never heard your teacher ask that question right from kindergarten to college, right? Yes, they won't teach that, yet it's pretty important.


03:35 5- Pay Off Your Credit Card in Full Every Month:

I went to school for 20 years, starting when I was five and finishing at 24.
And although I earned valuable skills and lessons, made good friends and connections, and made a path forward in my life, I did not learn much about paying credit card balances in full monthly.


04:20 6- Understand Your Risk Tolerance:
When it comes to investing, the school will tell you this—if you have the capital, financial and otherwise, go for it. However, much more goes into investing. See, before you put all your cash in the stock market, it is best to take time to understand some things, especially since the market is volatile.


05:11 7- You Need to Build Your Credit Score and Check Your Credit Usage:

Even telling you about these topics in a couple of seconds is wrong, but at least I beat your school to it. These topics deserve an entire video on their own because there is just so much information on them. But let me give you a decent stab at them. As a young person, you need to have a credit card, keep it open, and pay it off each month, as mentioned in point five.


06:15 8- Insurance:

To be fair to schools, it's not hard to foretell an emergency.
Even so, the school should have told you that emergencies are part of life, and insurance can give you the break you need when they arise. Currently, the most common types of insurance are House Insurance, Car Insurance, and Life Insurance.


06:55 9- Compound Interest Is Your Ticket to Wealth When Young:

Now, you might have heard about the magic of compound interest, but did your school expressly teach you that leveraging it while young could make a difference in your future financial situation?


08:02 10- Money Gives You Choices and That Can Make You Happy:

Money can't buy you happiness—that's what school teaches us.
Granted, money is not the most important thing in life, so the last thing you want is to be controlled by it.

---------------------------------------------------------------------------------------------------

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬...?
👍 Like the video (it helps a ton!)
💬 Comment below to share your opinion!
🔗 Share the video with anyone you think might help :)

📧 For Business Inquiries, copyright issues: insightbooth@gmail.com


Follow @insightbooth


Personal Growth Playlist:▶[ Ссылка ]

Financial Education Playlist:▶[ Ссылка ]

Get Life Hacks Playlist:▶[ Ссылка ]

------------------------------------------------------------------------------------------------------------------
#moneyrules #learninschool #money #schoollearning #rules #10moneyrules #moneysecrets #moneysecret #learnmoney #insightbooth

свернуть