Subtle differences in pronunciation and intonation can change the meaning of a sentence. In this video, we will learn how one single sentence can have several different meanings depending on how what words are stressed.

Killing Sacred Cows challenges conventional financial wisdom. This book argues that many of the things we think we know about finance and investing are really myths perpetuated to exploit us for the benefit of big financial firms.

As with most books, there is both good and bad information. The book does a good job of pointing out how "average returns" of mutual funds and stocks don't necessarily translate to an increase in wealth. It also discusses how we should focus on the value proposition of an investment to determine its suitability. That being said, I feel that the style of writing follows too much of a "shocking" style in which the negative aspects of the financial system are grossly exaggerated. Join me in the book review to form your own opinion.

Keep your New Year's Resolution by setting SMART goals. Poor planning and ill defined goals are why so many people fail to achieve their resolutions. By using the SMART framework, you can ensure that your goals are specific, measurable, attainable, relevant, and time bound. This will give you the focus to achieve your goals. #goals #newyear #resolution

Big Data enables decision making, but these decisions assume that the underlying data accurately reflects our true desires and feelings. In this book, Everybody Lies, Seth Stephens-Davidowitz argues that we are much more truthful in what we ask Google than what we would admit on a survey. With this more accurate information in hand, the book offers new answers to old questions as well asking questions that were previously thought to be unanswerable. #data #bigdata #google

Phil Town's book Rule #1 Investing rejects the concept of diversification and argues that investors can beat the market by investing in a select few stocks. The book gives advice on how to choose companies with a durable competitive advantage. Although Phil Town suggests that his strategy can generate 15% returns, the idea of picking individual stocks goes against the current wisdom of simply "buying the market" with an ETF or low cost mutual fund. Join me in this book review as I discuss the good, the bad, and whether or not I recommend the book. #investing #finance #stockmarket

Aftershock predicted the next global economic meltdown would occur sometime between 2013 and 2016. Looking back, we can see that there was no great meltdown in 2013-2016, but we must ask why? How could the economists who were right about the housing crisis and the 2008 recession be so wrong about 2016?

Economists are notorious for making predictions about inflation, unemployment, and the stock market. Because the economy is composed of billions of individuals and thousands of countries, NGOs, companies, and other entities, making predictions can be especially difficult, and most Economists make broad general predictions. I have to give the authors credit for trying to put a date on their predictions. Although the authors were wrong on a lot of their predictions, we can still learn valuable information by investigating why these predictions were wrong.

More importantly, we can ask whether the underlying issues have been resolved? Have we averted the disaster predicted by these economists, or have we simply pushed it further down the road?

Why Didn't They Teach Me This in School, by Cary Siegel gives 99 personal money management principles to live by. The author explains the importance of creating a written budget, assessing financial goals prior to marriage, the cost of raising children, building a solid credit history, reducing unnecessary expenses to save money, and everything in between.

Join me in this book review as I discuss some of the most pertinent financial tips from the book and also share one minor point of disagreement. #personalfinance #bookreview

One simple rule for succeeding in life is to start early. Whether you want to be a professional soccer player or receive a full ride college scholarship, starting early gives you the chance to build a solid foundation.

To a certain extent, your future possibilities are influenced by the past actions you have taken. Working hard in high school establishes good study habits that will help you in college, and working hard in college gives you a valuable skill set for seeking employment. In this video, I demonstrate several ways that "the system" is designed to reward people who "start early."

Credit cards are a powerful financial tool for financing purchases, receiving cash back, rewards points, and a host of financial benefits. Some credit card companies also offer insurance and warranties on products purchased with their cards. At the same time, credit cards also charge high interest rates and can lead to debt. In this video, we will learn about the risks and benefits of owning and using credit cards.

Although credit cards do have risks, I feel that the benefits outweigh the risks when they are properly used. The key to maximizing credit card benefits while minimizing the risks is to fully pay off the card each billing cycle. NOT FINANCIAL ADVICE.

Business logistics and supply chain management hinge on keeping a proper inventory management. Small companies starting out may not have advanced barcodes and scanners to automatically track inventory.

In this video, we will learn how to use free and open source software to design a simple yet effective inventory tracking system. This system will tabulate remaining, on-hand inventory, and it will give color-coded alerts when inventory falls below a critical value.

Net present value calculations are used by businesses to make investment decisions. NPV allows us to account for both the nominal return on the investment as well as accounting for the time value of money and interest rate.

We will also discuss the concept of "Required Return" and how business owners must include risk premium into their investment decisions. #business #finance #accounting

What strategies do they use to make investment decisions? In this video, we will discuss how business use both screening decisions to determine acceptable investments. Once a business has created a shortlist of investments, the business will use a preference decision to decide which investment to select. Businesses have many tools to make screening and preference decisions.

In this video, we will talk about a concept known as the payback period. This is a simple tool that helps businesses determine how long it will take to recoup their initial investment. We will also discuss some of the drawbacks of the payback period method of investment analysis. #business #finance #analysis

Profit Margin, Gross Margin, and Operating Margin all measure a businesses profitability. Beginning accounting students sometimes confuse these three margins, so let me help clear up any confusion that you may have.

Gross Margin is the profitability after we account for Cost of Goods Sold [COGS]

Operating Margin is the profitability after accouting for Cost of Goods Sold and Selling, General, and Administrative Expenses.

Profit margin is what most people think of when they hear the word profit. It describes the profitability after all expenses (COGS, SGA, interest expense, taxes) have been accounted for. #finance #business #accounting

Master time management with two key time management techniques from the groundbreaking book, The 4 Hour Workweek.

In this video, we will discuss the Pareto principle, also know as the 80/20 principle, which helps us decide where to allocate our time to be most productive. We will also discuss Parkinson's Law which can be used to help us eliminate unproductive tasks from our workflow.

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How to Get Rich in America is a pamphlet that gives three simple rules of wealth. Join me as we discuss the concepts from the booklet.

The three rules are summarized below:

1. Creating a stable income base is important because it allows us to minimize debt and focus on investing.

2. Saving early allows you to take advantage of compounding interest. This is a perfect application of the rule of 72.

3. Saving a lot, whether as a percentage of income, or actual dollar amount increases the end value of your savings.
#personalfinance #bookreview #economics

Tax credits and tax deductions save you money on your taxes, but which is better? Do you save more money with a tax credit, or a tax deduction? This video gives a quick explanation of the differences between a tax credit and a tax deduction. #tax #taxes

The 2018 Powerball drawings convinced many people to buy lottery tickets with hopes of winning big money. In reality, you are almost guaranteed to loose money on the lottery. Should you still play the lottery? In this video, I discuss the concept of expected value and argue that the lottery is not necessarily a waste of money as long as you are playing for entertainment and not considering it an investment. #powerball #lottery #statistics

Advanced Placement classes are one way to get college credit while still in high school. Free dual enrollment grants for college are another way. The advantage of dual enrollment is that you take the same college course as every other student. If you pass one course, you receive credit at both the college and your high school.

Dual enrollment is a great way to prepare for college because you will learn what a college course is like. When you enroll full time in college, you will already understand the differences between high school and college. #college #scholarships #education

A mutual fund prospectus helps you decide the best stock for your needs before you invest, and an annual report helps you ensure that your investments are still on track. Reading a mutual fund annual report is not as complicated as it seems, and it is a critically important part of personal finance and money management. Join me in this video as we discuss the basic components of an annual report. #mutualfund #etf

*Not financial advice*

Determining the best mutual fund or etf starts with reading the fund prospectus. A mutual fund prospectus details the goals of the fund, what risks the mutual fund might have, and the historical return of the fund.

This video is not financial advice. It is simply my opinion on what to look for when choosing the best mutual fund for your investment strategy. #mutualfund #investing #etf #personalfinance

In this video, I review the VXT Rollerex wheels I purchased through Amazon. These roller blade wheels are high quality, long lasting, and come in really bright colors. If you are wondering what kind of rollerblade wheels to buy, they are a great option. #skating #productreview #rollerblading

I just created my first Udemy course! In this video, I discuss how to create a Udemy course, why you should create a course, and how Udemy works. I also give two suggestions for creating online content.

1. You should teach courses in which you have an extensive background. You don't need a degree or fancy qualifications, but you should have an extensive background in your subject so that you can discuss different theories and show the topic from different angles.

2. You should differentiate your content from your competitors in some way. If everyone else is teaching business leadership then another business leadership course is unlikely to get a lot of traffic. Try to use your own unique experiences to put a unique spin on the course.

I hope the video is useful. The link to my Udemy course is provided below. It is completely free and I hope some of you all find it useful. #udemy #onlinelearning #statistics

VA Disability and VA Health Care are two separate programs. Even if you are not receiving VA Disability, you may still be eligible for free or low cost health care. The Veterans Affairs has a comprehensive health care program for veterans. In this video, I discuss the application process for VA Health Care. I also discuss how the VA system works. I also give a brief overview of my VA application process. #veterans #healthcare

This is my first time growing black beans! I planted two small seeds a few months ago and now I have 1/3 cup of dried beans. #garden #beans #organic

Hopefully this video will show you how to interpret and understand your VA Disability Letter. In this video, I discuss how long it takes to get the VA Disability Letter and the different stages of the process. #disability #veteran


Created 8 months ago.

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