why school didn't teach you about money
vid.puffyan.us
Check out Shopify's Resources on Entrepreneurship here! http://shopify.com/financeanswer Why aren't we taught about money in school? What WERE we supposed to learn? In this video, Taha explores the reasons why school fails to teach us personal finance and tries to learn what school was supposed to each us himself. SUPPORT US ON PATREON https://patreon.com/answerinprogress SUBSCRIBE TO OUR MONTHLY NEWSLETTER https://www.answerinprogress.com/newsletter SOCIAL MEDIA Sabrina Twitter: https://twitter.com/nerdyandquirky Instagram: http://instagram.com/nerdyandquirky Melissa Twitter: https://twitter.com/mehlizfern Instagram: http://instagram.com/mehlizfern Taha Twitter: https://twitter.com/khanstopme Instagram: http://instagram.com/khanstopme CREDITS Produced by Taha Khan Video Editing by Christian Connolly, Joe Trickey and Taha Khan Motion Design by Joe Trickey and Taha Khan Sound Design by Joe Trickey Interviews from: Grant O'Brien Pete Matthew - @MeaningfulMoney James Jani - @JamesJani Special Thanks to Matt Colbo & Maia Mxmtoon MUSIC Epidemic Sound. Get started today using our affiliate link. http://share.epidemicsound.com/answerinprogress RECOMMENDED READING/WATCHING: Basics of Money: • BOOK - Your Money: The Missing Manual by J. D. Roth • BOOK - Psychology of Money by Morgan Housel • VIDEO - The Ultimate Guide to MONEY & LIFE: https://www.youtube.com/watch?v=l4wzKY9w-1o • VIDEO - How I Automate My Finances: https://www.youtube.com/watch?v=XImly72tLw0 • CHANNEL (Non-region specific): @nischa • CHANNEL (Slight USA Bias): @thefinancialdiet & @MoneyGuyShow • CHANNEL (Slight UK Bias): @MeaningfulMoney Making Money & Careers: • OUR SERIES! - https://www.youtube.com/playlist?list=PLrGvezF6PokZ33Ro35DLkbJRAPdXqoTqK • OUR VIDEO! - How quitting your job can make you money: https://youtu.be/sREeEe2ehqQ • CHANNEL for side hustles and entrepreneurship: @OliurOnline Spending Money: • VIDEO - The ULTIMATE GUIDE To Budgeting: https://youtu.be/-Yf7hDZ4nXc • VIDEO - How I manage my money on payday: https://www.youtube.com/watch?v=4sT2B2SRypo Saving / Investing: • VIDEO - The Optimal Order of Investing Your Money: https://www.youtube.com/watch?v=WSoqUdd39-Y • VIDEO - Investing for Beginners: https://www.youtube.com/watch?v=lNdOtlpmH5U • VIDEO - Ultimate Guide to RISK: https://www.youtube.com/watch?v=LGGbyrh2HqU Debt: • VIDEO - The Ultimate Guide to PAYING OFF DEBT: https://www.youtube.com/watch?v=lO2n9jO61cs TIMESTAMPS: 00:00 - taha is stressed 01:08 - why weren’t we taught about money in school??? 01:50 - the zoomers are anxious too 02:15 - the zoomers got DEBTS 04:10 - IT GETS WORSE?? 04:50 - DON’T DESPAIR, THERE IS HOPE(?) 05:23 - the real reasons we don’t learn about money 07:02 - the video ends here, wait - there’s MORE?? 08:18 - money 101 09:53 - makin’ money 10:20 - entrepreneurship ! 11:05 - spendin’ money 12:21 - Savin’ money 14:31 - tldr for u subway surfers 15:10 - how to debt 15:35 - good debt vs bad debt 16:38 - student loanz 16:53 - vroom vroom 17:26 - general debt guidelines 18:17 - credit cards :0 18:48 - be nice to urself :) 19:59 - why its so hard to learn about money 20:36 - scams !!! 23:21 - congrats on graduating from money 101 ! 23:48 - it was the friends we made along the way ------------------------------------------------------------------------------------ Welcome to the joke under the fold! This is less of a joke and more of an observation but I think it is funny that you can make a grilled cheese sandwich with the slang terms for money: Cheddar, Dough & Bread Leave a comment with the word "Sandwich" to let me know you were here :)
  • xkforce@lemmy.world
    184·
    11 months ago

    The reality is that it isn’t feasible for school to teach you (hand hold) everything you will need to know throughout your life.You WILL need to learn many things on your own or apply what you already do to situations that were not covered in class. The problem is that most people aren’t really given the intellectual tools that are needed to learn those things or how to apply what they know to novel situations. i.e how you would go about learning outside of a highly structured environment, how you would apply what you know to new situations that your current knowledge should be sufficient to handle.

    • Rikj000English
      7·
      11 months ago

      Sure you can’t prepare students for everything life will throw at them.

      But right now they don’t even teach basic economics, like what is deficit spending, what is fractional banking, and how it lead to hyper inflation every time throughout the history of humanity.

      That’s what I call keeping people intentionally dumb about the topic.

      • xkforce@lemmy.world
        7·
        11 months ago

        I am a tutor that works with highschool and college students. Do you have any idea how often I find out the reason why a student is struggling with new material is because 10 years ago they missed something very important and the concepts that they don’t understand have been piling up ever since because of that? If you guessed “depressingly often” you are correct. You cannot teach new material if the foundation of knowledge and skills it is based on has cracks in it.

        • Rikj000English
          1·
          11 months ago

          Shouldn’t you report that to the head of school?

          He should be able to know in which grade that topic should have been teached.

          And then slap the corresponding teacher on the wrist for not doing their job correctly?

          • xkforce@lemmy.world
            2·
            11 months ago

            I tutor remotely which means I get students from all over the country and outside of it. It would be infeasible for me to track down every school that failed them and personally inform them of that. I do what I can to fix things but it is a lot like trying to put out the sun by firing a squirt gun at it.

            • Rikj000English
              3·
              11 months ago

              Oh I see.

              Still thank you for teaching the next generation.

              It’s under appreciated,
              but oh so important work that you’re doing,
              keep it up! :)