4.7 • 5.1K Ratings
🗓️ 27 May 2024
⏱️ 66 minutes
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0:00.0 | Why financial education is so important? |
0:02.0 | Is because if you don't understand this, you are going to get screwed over by the system. |
0:06.0 | Because now, guess what? Your gas is going to be more expensive, |
0:09.0 | your groceries are going to be more expensive, your home cost is going to be more expensive, |
0:12.0 | the cost to do anything is going to cost you so much more today next year the year after that. |
0:17.0 | Well, your salary, hey, you got a raise, but you're actually broker now than you were before the race because your raise isn't keeping up with inflation. |
0:28.0 | Jessbreat over the next hour-ish you and I are going to snatch people from the jaws of poverty you in let's do it man all right so I have a sincere belief that there are |
0:38.1 | habits that keep people poor and that anybody regardless of where they're born what their circumstances if they do the right |
0:44.8 | things over a long enough time period they can get out of it we are living in |
0:48.1 | horrendously uncertain times yeah what are the things the habits that keep people poor? |
0:54.0 | Wow, well the first one really has to do with understanding money because unless you understand what money is |
1:00.2 | None of the other habits really matter because at its core what is money? |
1:04.0 | And when you ask people that, you might say it was a $100 bill, a $50 bill, |
1:08.0 | that's what money is. |
1:09.0 | But what is that money? |
1:10.0 | Because that money that we have today |
1:12.0 | is different than what money was 60 years ago. |
1:15.2 | The money that we call money today is currency. It's really just pieces of paper. |
1:20.8 | And when you understand that, it's going to change what you do with the money |
1:24.4 | and the reason why I'm saying that is because I'm from my family's from India |
1:29.9 | state in India called Punjab and over, it's a very traditional thing |
1:34.5 | that when you earn this paper dollars, |
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