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
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
In this video, I discuss some basic terms of probability. I start with the definition of a random experiment. I then show how the sample space is the set of all possible outcomes. I give an example of calculating the probability of a single event and discuss how the sample space grows with a compound event.
Further, I discuss the three types of probabilities. Empirical probabilities are based on past evidence, classical probabilities are known a priori, and subjective probabilities rely on our best judgement. #probability #math
This video shows a quick way to visualize data by creating a pie chart in Open Office Calc. I show how to create a basic pie chart, change it to a 3d pie chart, change the individual colors of the slices, add a transparency to the pie chart and add labels. #statistics #opensource
In this video, I discuss the importance of having a random sample. Random sampling helps to ensure that we can draw accurate conclusions from our analysis. (00:26) I discuss the difference between a random and non-random sample. (00:46) I discuss two main types of random samples: simple random samples and systematic samples. (02:40) I also discuss several types of non-random samples. Things such as focus groups, judgement samples, and convenience samples can still be useful.
This lesson discusses the basics of collecting data for statistic analysis. I explain the definition of a variable, and I discuss the difference between univariate, multivariate, and bivariate analysis.
I also discuss the difference between categorical data and quantitative data (02:57) as well as the difference between continuous and discrete measurement. #statistics #datascience #analytics
This video discusses some common mistakes people make when conducting statistics and data analysis.
At (00:37) I discuss why drawing conclusions from small samples, making conclusions from non-random samples, drawing inferences from random events, and the hazards of poor survey methods can give misleading results.
At (02:49) I argue that correlation does not imply causation, we can not generalize statistical findings to individuals, we must be aware of unconscious bias, and difference between significance and importance.
This video begins a new series discussing the ways that businesses can use statistics to improve efficiency and effectiveness. At (00:50) I discuss the definition of statistics and data science. I also discuss the difference between descriptive and inferential statistics (01:42). #math #statistics #business