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Post by boris on Dec 10, 2013 12:53:35 GMT -6
One Life-Changing Class You Never Took: Alexa von Tobel at TEDx
Managing your personal finances is important to learn. This is not something that it will be taught in a classroom setting, but people usually learn this through mistakes. I think school should have more information about how to manager your finances. I think taking care of your debt and manage your money accordingly so you can also save and prepare for future is key. The faster you can get out of debt the better it will be. Like the video states it is not important to be rich. It is importan to enrich your life to the fullest.
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Post by arielberthelot on Dec 10, 2013 13:35:51 GMT -6
TITLE - One Life-Changing Class You Never Took: Alexa von Tobel at TEDx
Personal finance. It makes the world go round. I agree with this video so much because I was one of these that didn't know how much I didn't know until I took a personal finance class a few semesters back. You can learn so much through one of these courses. I was able to learn how to buy a car. You don't realize how much a car salesman is making off of you if you don't haggle them down to the last penny you possibly can. Money makes this world go 'round. Nobody realizes how much money you can make if you really want to. There are people that will pay for almost anything these days. You can almost make money just learning ways to save money through this course.
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Post by ebonisw on Dec 10, 2013 15:30:40 GMT -6
Personal finance is a topic that will effect everyone; yet we are not being taught how to not let it have an negative affect on our lives. This video was really an eye opener. If we are not careful many of us will find ourselves in the same place as Jessica financially.
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Post by phenry on Dec 10, 2013 16:09:14 GMT -6
TITLE - One Life-Changing Class You Never Took: Alexa von Tobel at TEDx
I agree with this video. This is one of the numerous of classes that need to be taught to everyone. Managing finances is something so many people struggle with on a daily basis. In grade school, we learn how to manage a check book. This is the time when they should start teaching children about managing money efficiently.
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Post by rpajares41 on Dec 10, 2013 16:14:19 GMT -6
In this video 5 principles were brought up on having a great life, when it comes to finances. It was all basically what someone figures out as you grow older, such as, pay your bills, on time, do not overspend, and debt is not your friend so pay it off as soon as possible. Things that young people don't often get is the 401k plans or the other plans that a company offers. Understanding and using this benefit will allow for your future to be better. Lastly, she says to negotiate your salary. I have heard the opposite from my parents when getting jobs, even in videos like this on it comes up, don't talk about money. I feel like I have no right to ask for more because I haven't proven myself to be worth more. If I have a great resume then yes I may have the confidence to ask for a better salary. I am thinking short term, however, if you ask about how long you will be on the same salary, that could be a better way to go about it.
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Post by alyssatudor on Dec 10, 2013 16:28:26 GMT -6
Personal finance is important to our society and is one that is not always taught. We have so many facts and things that we may not need taught to us over and over again, yet we never learn how to properly buy a house.
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Post by kristin on Dec 10, 2013 17:30:35 GMT -6
One Life-Changing Class You Never Took: Alexa von Tobel at TEDx
I completely agree with this. So many times, young adults are thrown into the real world without the complete understanding of finance and how it affects them. A lot of times they get credits cards as soon as they are 18 and don't understand the meaning of interest or what it does to their credit. I think if we are taught finance throughout middle school and high school, there would be a lot less debt in this world.
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Post by clayb1919 on Dec 11, 2013 11:29:05 GMT -6
This Ted talk talks about personal finance. Money management is extremely important and should be taught in schools. 61% of us are living paycheck to paycheck. This adds a great amount of stress to peoples lives and is unacceptable. We deal with money management every day, this is why it is important to be educated on it.
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Post by rjmonico on Mar 15, 2014 13:26:09 GMT -6
I would definitely share this link with friends and colleagues. I think that everyone should be taught how to manage money because there are so many people who do know how to run their own finances. It is amazing how so many people waste money and cannot even pay their neccessities in life. Being taught how to finance in a smart way and taking your money and making it extend as far as possible is so important.
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Post by patrickschwaner on Apr 6, 2014 10:06:01 GMT -6
This video gives great advice, and emphasizes the importance of saving, budgeting, and planning. It also stressed the importance of negotiating your salary, which is something that I think a lot of young people fail to do. But I think that a bigger problem lies within the system itself. The economy has been bad for a while and it has become impossible for many people to ever hope to get out of debt or retire. Income inequality has become a huge problem in this nation and continues to get worse. If it is not addressed soon the "American dream" may be in trouble.
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Post by pellirf22 on Apr 14, 2014 4:37:09 GMT -6
TITLE- One Life-Changing Class You Never Took: Alexa von Tobel at TEDx
Personal finance is something that influences everyone but few people actually know or have control of it. Many young people are influenced by their lifestyle under the support of their parents. This causes them to think short term and loose site of their financial future. This can be a serious danger to our generation. I am lucky to have been raised in a conservative family where I was taught the value of a dollar, and how to appreciate the little things in life. This message is very valuable for all young people in today’s society.
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Post by bmcgarry13 on Apr 14, 2014 18:05:38 GMT -6
This video is the best one yet! I really think every major, regardless of profession, needs to be taught personal finance. It’s a shame how much garbage is taught in the first semester or year of college such as general history, math, reading comprehension, science, and etc. All of this information is redundant when everyone has to meet entrance requirements and background checks. Isn't high school enough practice for the basics? Instead, more important classes which are applicable to life after college should be taught. Personal finance should not be exclusively taught to finance or accounting professions. Colleges should be preparing us with relevant classes and degrees, not wasting our time with filler classes or general study degrees...it’s already tough enough as it is to find a job! Furthermore, retirement is becoming harder to achieve as people are being required to work longer.
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Post by kati3 on Apr 15, 2014 13:41:24 GMT -6
Personal fince is a topic that is rarely discussed and it isnt talked about as much as it should be in schools. Watching this video makes me wish we had a personal finance class at SELU. I dont know nearly as much as I feel like I should. It would make perfect sense to have a personal finance clas in business school.
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Post by sdoescher on Apr 24, 2014 18:43:24 GMT -6
This was my favorite video so far. Financial success is pure habit. Too many people throw their lives away one dollar at a time figuring it’s just a dollar. I also believe personal finance classes should be taught in school. Too many people don’t take responsibility for their financial situation. When I was young people would say I was working too much or should have fun with my money. Those same people couldn’t finish college because of financial reasons, still don’t have an emergency fund, and drive new cars. Many young people blame the economy or other factors for why they are poor. Car payments are a great example of this. Everyone has too much pride to drive an old car and save the difference. They let interest work against them rather than for them. The ultra-rich make their money from their assets not there labor. With this in mind, if people would drive paid for cars and set aside 15% into a Roth account they would retire wealthy rather than poor all on the same salary. If people knew the cost of a new car or nice apartment was there future they would make different decisions. I’ve seen families of 8 live and save on incomes of 65,000 and families of four with six figure incomes who are obviously in debt. It’s not what you earn it’s what you save. Great video!
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Post by meganlynch on Apr 29, 2014 22:08:55 GMT -6
This was my favorite video of the semester. This is so true! I think it would be so beneficial for young people to be taught the importance of paying back loans as soon as possible and find a way to not live paycheck to paycheck. The amount of stress involved with worrying about financial implications is unreal for some people. Students find out the hard way how difficult budgeting can be and what implications missing payments or only paying the minimum can have. There should definitely be better learning opportunities for students so they do not fall into this trap and add to the debt. It really does create a domino effect, which is why our country has accumulated so much debt over the years. Great video!
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