Hey guys, Sriram here! I hope you learned something from this course. I would greatly appreciate if you would consider checking Changemakers Media. We share videos on teens making an impact in their local communities. 😀⭐
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go out of devastation.
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
On the housing example, does that mean that unless your property does a 2.5x in price in the next 20 years that you will be repaying the mortgage, you will always sell at a loss? I mean if you bought for 100K and over the course of 20 years that property cost you just over 280K due to interest on your mortgage, unless you’re able to sell for 280+k you will be at a loss?
This is really funny. Ask ChatGPT the effects of making accounting mandatory in the schools and see what you get. Our economists are not intelligent enough to think of this.
Mandatory accounting education in schools could have several far-reaching effects on the economy:
1. Financial Literacy : Improving financial literacy among students can lead to a more financially savvy population. Individuals would be better equipped to manage personal finances, make informed investment decisions, and avoid debt, leading to greater financial stability and economic well-being.
2. Entrepreneurship : With a solid foundation in accounting, more students might feel empowered to start their own businesses. Understanding financial statements, budgeting, and financial planning is crucial for entrepreneurs, potentially leading to an increase in successful startups and small businesses, which are vital for economic growth and job creation.
3. Workforce Competence : A workforce with basic accounting knowledge can enhance productivity and efficiency in various sectors. Employees who understand financial principles can contribute more effectively to their organizations, leading to better decision-making and resource management.
4. Economic Stability : Financially literate individuals are more likely to save and invest wisely, contributing to a more stable and resilient economy. This can reduce the incidence of financial crises caused by poor financial decisions on both a personal and corporate level.
5. Consumer Behavior : Educated consumers are likely to be more cautious with their spending and borrowing. This can lead to healthier credit markets and reduced levels of personal debt, positively impacting the overall economy.
6. Reduced Financial Fraud : With a better understanding of accounting principles, individuals and businesses are less likely to fall victim to financial scams and fraud. This can enhance trust in financial institutions and markets.
7. Economic Equality : Financial education can help bridge the gap between different socioeconomic groups by providing everyone with the tools needed to manage their finances effectively. This can lead to more equitable economic growth and opportunities.
8. Government Revenue : Better financial literacy can lead to more accurate tax filings and compliance, potentially increasing government revenue. Additionally, a population that understands public finance might support more efficient use of public resources.
9. Long-Term Planning : Individuals who understand accounting are more likely to engage in long-term financial planning, including retirement savings and investments. This can reduce the burden on social safety nets and contribute to a more sustainable economic future.
10. Cultural Shift : Over time, mandatory accounting education can lead to a cultural shift where financial literacy is valued and prioritized. This can have a positive ripple effect on various aspects of society, including health, education, and overall quality of life.
Overall, mandatory accounting education in schools has the potential to create a more financially literate and economically stable society, with benefits that extend to individuals, businesses, and the broader economy.
This should have been done since the 1950s. That is when large organizations started programming computers to do accounting.
The instructor is just waffling! He using too much jargon with no examples for the layman to understand! I mean if you are teaching it means most likely the audience don't know anything about economics so using jargon to explain concepts is waffling!
as much as i appreciate the video, I find a lot of content to be incoherent assertions rather than coherent reasonings. for example $ 1000 in 5 years from today is worth $ 783 today, when 5% discount rate is applied is more coherent than saying thats because of inflation. Yes it is a nuance but its exactly this nuance that creates a difference between makling an empowering decison VS just blaming the economy.
41 comments
Hey guys, Sriram here! I hope you learned something from this course. I would greatly appreciate if you would consider checking Changemakers Media. We share videos on teens making an impact in their local communities. 😀⭐
Thanks again,
Sriram
Thompson Ruth Taylor Dorothy Walker Jennifer
Slow down and go to see speech therapist to less hurry. Speak slower.
Walker Sarah Anderson Carol Davis Nancy
Walker Anthony Perez Susan Hall Robert
Walker Anthony Perez Susan Hall Robert
Walker Anthony Perez Susan Hall Robert
❤
White Daniel Lewis Linda Miller Patricia
Wilson David Thomas Anthony Young Barbara
Clark Edward Davis Brian Rodriguez Karen
Clark Edward Davis Brian Rodriguez Karen
Brown Larry Moore Larry Johnson Edward
Martinez Dorothy Johnson Sharon Gonzalez Ronald
ESG. The reason why everything sucks now and no one gets punished.
Thank you very much
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go out of devastation.
why captions are changing very quickly , it should be remain for 5 or more than 5 seconds
why captions are changing very quickly , it should be remain for 5 or more than 5 seconds
economic recession. I am profiting from 2 stocks VOO + VYM: $10,000k. Thank you for sharing the 2 best stocks now and in the future ❤❤❤❤
This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.
Please make more content like this.
I learned so much!
Great presentation indeed ❤❤❤
FreeCodeCamp = jack of all trades
can you explain how you got 9396.77..anyone please. i'm kind of lost there
How the NPV is coming 4705 at 8:02
4rabet pe sports betting se lekar casino tak sab kuch hai, best platform for entertainment
Yaar 4ra pe crash games sabse interesting hain, quick aur fun, kabhi bore nahi hote
On the housing example, does that mean that unless your property does a 2.5x in price in the next 20 years that you will be repaying the mortgage, you will always sell at a loss? I mean if you bought for 100K and over the course of 20 years that property cost you just over 280K due to interest on your mortgage, unless you’re able to sell for 280+k you will be at a loss?
This channel know everything
Economic
Finance
Buainess
Macroeconomic
Been with 4RA for months now, their fair play is why I keep coming back 🔄🎰
Just entered my bets on 4ra for this weekend, hoping for some good winnings 🤞💰
Love how 4ra keeps everything transparent, makes me trust betting with them more 📈✅
Plus, the 4ra interface is so user-friendly, even my dad can use it without help 😂
Did anyone else see how fast 4RA updates the odds? Feels faster than a rocket! 🚀💨
This is really funny. Ask ChatGPT the effects of making accounting mandatory in the schools and see what you get. Our economists are not intelligent enough to think of this.
Mandatory accounting education in schools could have several far-reaching effects on the economy:
1. Financial Literacy : Improving financial literacy among students can lead to a more financially savvy population. Individuals would be better equipped to manage personal finances, make informed investment decisions, and avoid debt, leading to greater financial stability and economic well-being.
2. Entrepreneurship : With a solid foundation in accounting, more students might feel empowered to start their own businesses. Understanding financial statements, budgeting, and financial planning is crucial for entrepreneurs, potentially leading to an increase in successful startups and small businesses, which are vital for economic growth and job creation.
3. Workforce Competence : A workforce with basic accounting knowledge can enhance productivity and efficiency in various sectors. Employees who understand financial principles can contribute more effectively to their organizations, leading to better decision-making and resource management.
4. Economic Stability : Financially literate individuals are more likely to save and invest wisely, contributing to a more stable and resilient economy. This can reduce the incidence of financial crises caused by poor financial decisions on both a personal and corporate level.
5. Consumer Behavior : Educated consumers are likely to be more cautious with their spending and borrowing. This can lead to healthier credit markets and reduced levels of personal debt, positively impacting the overall economy.
6. Reduced Financial Fraud : With a better understanding of accounting principles, individuals and businesses are less likely to fall victim to financial scams and fraud. This can enhance trust in financial institutions and markets.
7. Economic Equality : Financial education can help bridge the gap between different socioeconomic groups by providing everyone with the tools needed to manage their finances effectively. This can lead to more equitable economic growth and opportunities.
8. Government Revenue : Better financial literacy can lead to more accurate tax filings and compliance, potentially increasing government revenue. Additionally, a population that understands public finance might support more efficient use of public resources.
9. Long-Term Planning : Individuals who understand accounting are more likely to engage in long-term financial planning, including retirement savings and investments. This can reduce the burden on social safety nets and contribute to a more sustainable economic future.
10. Cultural Shift : Over time, mandatory accounting education can lead to a cultural shift where financial literacy is valued and prioritized. This can have a positive ripple effect on various aspects of society, including health, education, and overall quality of life.
Overall, mandatory accounting education in schools has the potential to create a more financially literate and economically stable society, with benefits that extend to individuals, businesses, and the broader economy.
This should have been done since the 1950s. That is when large organizations started programming computers to do accounting.
Great clip, thank you!
The instructor is just waffling!
He using too much jargon with no examples for the layman to understand!
I mean if you are teaching it means most likely the audience don't know anything about economics so using jargon to explain concepts is waffling!
as much as i appreciate the video, I find a lot of content to be incoherent assertions rather than coherent reasonings.
for example $ 1000 in 5 years from today is worth $ 783 today, when 5% discount rate is applied is more coherent than saying thats because of inflation. Yes it is a nuance but its exactly this nuance that creates a difference between makling an empowering decison VS just blaming the economy.