yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Welcome to Financial Literacy! | Financial Literacy | Khan Academy


2m read
·Nov 10, 2024

Hi everyone! Sal Cotton here from Khan Academy, and I just wanted to introduce you and welcome you to our financial literacy course.

Why financial literacy? Well, money is everywhere, and if you don't understand money, it can easily take control of your life. But if you know what its uses are, what the pros and what the cons are, then it becomes a powerful tool for you, a control over resources.

As you'll see in this financial literacy course, you're going to learn everything from understanding your paycheck to taxes and savings and many, many, many other important things. If it isn't obvious to you that this is important to your life, I will tell you that there's a lot of folks, some with big salaries, who end up not having any savings and having to struggle for money.

There are other folks who have maybe more modest means but are financially literate and are able to save, who are able to budget, who are able to think about things that might happen in their life and plan accordingly. Those people are usually just fine.

Now, another aspect of financial literacy: a lot of people say, "Well, of course, I would love to save money, but that seems so daunting to try to save a large amount so that I could buy a car or put a down payment on a house or whatever else."

What you'll see in this course, and as you go through it, is that it isn't just about information. It's about thinking about the world in a different way, creating habits. Realizing that if you create the right habits, what might seem like a small thing—spending a few dollars less per day—can add up over time in very, very, very big ways.

Now the other thing about this course is it isn't just videos and articles; it's also practice. Mastery-based practice means you have as many chances as you need and as many items as you need to really make sure that you are fluent in the topic.

That's really important because between the videos, where you'll get a little bit of background, the articles, where you also get background, and the exercises, if you go through this, I can guarantee you that you're going to be able to look at the world in a different and very powerful way and also help many folks around you.

More Articles

View All
15 Books That Will Change Your Perception of Reality
Last Saturday, we made a video on ways to become lifelong learners. And one way to achieve that is to have an annual reading list. The average American reads around 12 books a year. That’s one a month. We’ll give you 15 to start with for next year. Welco…
Kevin O’Leary Reacts To My $10 Million Dollar Investment | Shark Tank
They’ll sell you out in two seconds. You will pay a brutal price for that. Never do that. Never, never, never, never. They loved their lifestyle. They went to zero. You must be ready to absolutely write that off because there’s a 50-50 chance you will. W…
Boveri-Sutton Chromosome Theory
Let’s give ourselves a reminder of how important Gregor Mendel’s work was. In 1866, he published his findings, and it’s important to realize it wasn’t like immediately in 1866 or 1867 the whole world changed and everyone said, “Oh, Gregor Mendel figured i…
Science Is the Engine That Pulls Humanity Forward
Welcome to the eponymous novel podcast. The main topic that we started out on was timeless principles of wealth creation, and then we’ve been touching a little bit on internal happiness and peace and well-being. But I am, first and foremost, a student of …
Sal interviews the AP Calculus Lead at College Board | AP Calculus AB | Khan Academy
So this is Sal Khan, founder of the Khan Academy, and this is a very exciting Skype call that we’re on. I’m with Ben Hedrick, who’s the lead for AP Calculus. What do you do at the College Board? Uh, really anything with AP Calculus and AP Statistics is s…
Seth Klarman: The Investing Opportunity of a Generation (First Interview in 12 YEARS)
Do you think that opportunity that you had in 1979 still exists in 2023? Seth Clarman is a legendary investor who just broke his 12-year silence to reveal the secrets to outperforming the market and the investment opportunity he would dedicate his life t…