How to Master Debt | Personal Finance Masterclass

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.

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