What's Scarier than Halloween? Being Financially Illiterate.

[u/aBoglehead]

To fix this, watch these Khan Academy/Visa videos. The 20-part Youtube Series on Personal Finance can teach almost everyone something. The longest is around 18 minutes.

The series consists of:

• Part 1: Institutional Roles in Issuing and Processing Credit Cards *

• Part 2: Roth IRAs

• Part 3: 401ks

• Part 4: Basics of the U.S. Income Tax Rate

• Part 5: Inflation Overview *

• Part 6: Mortgage Interest Rates *

• Part 7: Time Value of Money *

• Part 8: Term and Whole Life Insurance *

• Part 9: Open-Ended Mutual Funds *

• Part 10: Estate Tax

• Part 11: Unemployment Rate Primer *

• Part 12: Traditional IRAs

• Part 13: What It Means to Buy a Company's Stock *

• Part 14: Relationship Between Bond Prices and Interest Rates *

• Part 15: Introduction to Bonds *

• Part 16: Introduction to Compound Interest *

• Part 17: The Rule of 72 for Compound Interest *

• Part 18: Annual Percentage Rate (APR) and Effective APR *

• Part 19: What is Bankruptcy?

• Part 20: Introduction to Mortgage Loans

Watch them this weekend. You'll almost certainly learn something.

* denotes videos applicable worldwide.

[u/jacobi123]

It is insane to me that I didn't learn about this stuff in high school.

[u/IfWishezWereFishez → u/jacobi123]

As much as I agree that this stuff should be taught in high school, consider yourself lucky that you have access to such a wealth of information online! We're the first people in history to be able to find what we need in literally minutes and then have that information easily available.

[u/jacobi123 → u/IfWishezWereFishez]

Oh no doubt. It's a marvel that the information is there, and so easy to get and take in.

It just seems like a no brainer to have a class about finances, just like we have sex ed, or home ec.

[u/jacobi123 → u/[deleted]]

That's pretty cool. Hopefully more schools offer something similar if they don't already.