What is PERSONAL FINANCE | The BEST Explanation
What is PERSONAL FINANCE | The BEST Explanation
What is Personal Finance? Personal finance, money management, financial independence, budgeting, saving, and investing might all fall under the same umbrella, but looking at each of these topics independently can strengthen your financial literacy and essentially help you with making more informed decisions.
So this video focuses on explaining what is personal finance and components of personal finance.
(please note that the provided statistic in this video are according to a new Mind over Money survey by Capital One and The Decision Lab published in 2023.)
⏰Timestamp:
0:00 What is Personal Finance?
0:16 More than 3 in 4 Americans ...
0:56 And 4 in 5 Americans say ...
1:12 Five Critical Stages of Personal Finance
1:21 Making money or Income
1:29 Spending Money
1:46 Fixed Expenses
1:56 Discretionary Expenses
2:19 Saving Money
2:35 Building Wealth And Investing
2:46 Protecting Assets
2:57 Resources
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