Personal Finance Basics - how to master debt

Everything you need to know about debt. This personal finance breakdown introduces debt as a concept, how debt impacts the world at large, frameworks for evaluating the type of debt you should get into it, you shouldn't get into, thoughts on getting into college debt, student loans, credit card debt, car loans, mortgages, and a whole lot more! Let me know what other breakdowns you want to see & put any questions in the comments. 0:00 Part 1: Personal Finance 1:08 US Financial Trends 1:36 This Series 2:30 How Individuals View Debt 3:07 How the World Uses Debt 4:23 What is Debt? 4:32 History of Debt 5:42 How Debt Runs the World 8:30 Banks = Debt Machines 9:20 Companies = Debt Consumers 11:00 Debt is not "Bad" 14:00 What is Interest? 14:30 Example 1: Accelerating Returns 18:00 Example 2: Mortgage 23:05 Part 2: Debt Macroeconomics, Debt Instruments, Good & Bad Debt 24:00 The "Price" of Money 25:10 Example 3: Starting a Business 29:00 Why Cheap Debt is Fuel for the Economy 30:25 Good Debt vs. Bad Debt 31:42 Assets vs. Liabilities 32:40 Expected Value vs. Expected Utility 37:10 Expected Utility Debt Perspective 38:00 Example(s) 4: Good Debt vs. Bad Debt 41:30 Risk Matters! 44:00 Example(s) 5: Evaluating Risk 46:00 Example 6: Going on a Trip 47:40 Student Loan (College) Debt 50:50 Asset Classes 52:30 What is a Debt Instrument? 53:00 Bonds 53:28 Example 7: Bonds 56:00 Bond "Offerings" 57:30 Credit "Worthiness" 58:20 What is a Credit Rating? 1:00:00 Example 8: Credit Rating 1:00:30 CDs & MMFs 1:02:46 Example 9: Money Market Fund Returns 1:04:00 The Current Economy 1:04:55 Why Credit Scores Matter 1:06:50 Higher Credit Score = Cheaper Debt 1:07:10 What Determines Your Credit Score 1:08:44 Hard vs. Soft Credit Pull 1:10:00 Credit Score Spectrum 1:10:30 The MOST IMPORTANT Takeaways 1:11:50 Closure: Master Debt :) Disclaimer: this content is educational and does not constitute financial advice.