subtitle/0ncLRRLvdfk.srt

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<font color="white" size=".72c">the general consensus is that 40 of the</font>

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<font color="white" size=".72c">world's population is financially</font>

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<font color="white" size=".72c">illiterate and things get even worse</font>

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<font color="white" size=".72c">when you evaluate each country</font>

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<font color="white" size=".72c">individually now we don't want to scare</font>

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<font color="white" size=".72c">anybody but in developing countries this</font>

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<font color="white" size=".72c">percentage skyrockets to almost 80</font>

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<font color="white" size=".72c">percent and make no mistake okay there</font>

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<font color="white" size=".72c">is a price to pay for ignorance a report</font>

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<font color="white" size=".72c">from The National Financial Educators</font>

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<font color="white" size=".72c">Council shows the lack of financial</font>

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<font color="white" size=".72c">literacy costs 15 percent of adults at</font>

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<font color="white" size=".72c">least ten thousand dollars in 2022 and</font>

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<font color="white" size=".72c">if you don't want to be one of them</font>

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<font color="white" size=".72c">you'd better watch this video here are</font>

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<font color="white" size=".72c">15 ways to increase your financial IQ</font>

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<font color="white" size=".72c">welcome to a lux</font>

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<font color="white" size=".72c">so number one first and foremost you</font>

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<font color="white" size=".72c">need to understand the finance Matrix</font>

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<font color="white" size=".72c">now this is the foundation of all the</font>

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<font color="white" size=".72c">arguments we're going to expand on in</font>

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<font color="white" size=".72c">this video so make sure you've got a</font>

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<font color="white" size=".72c">decent understanding of how the banking</font>

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<font color="white" size=".72c">system and how money work before diving</font>

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<font color="white" size=".72c">in now we dedicated two videos on these</font>

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<font color="white" size=".72c">so if you feel like you don't understand</font>

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<font color="white" size=".72c">how money Ebbs and flows through the</font>

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<font color="white" size=".72c">economy we encourage you to watch those</font>

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<font color="white" size=".72c">videos first and then Circle back to</font>

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<font color="white" size=".72c">this one anyway grasping the</font>

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<font color="white" size=".72c">complexities of the banking system and</font>

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<font color="white" size=".72c">the inner workings of money is the basis</font>

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<font color="white" size=".72c">for increasing your financial IQ by</font>

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<font color="white" size=".72c">mastering key Concepts such as interest</font>

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<font color="white" size=".72c">rates inflation and credit you can craft</font>

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<font color="white" size=".72c">a strategic approach to saving investing</font>

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<font color="white" size=".72c">and managing risk and this will allow</font>

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<font color="white" size=".72c">you to optimize your wealth and steer</font>

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<font color="white" size=".72c">clear of potential hazards acquainting</font>

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<font color="white" size=".72c">yourself with the fundamentals of loans</font>

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<font color="white" size=".72c">and borrowing equips you to utilize debt</font>

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<font color="white" size=".72c">judiciously it'll also make you smarter</font>

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<font color="white" size=".72c">when it comes to selecting the most</font>

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<font color="white" size=".72c">advantageous credit products and</font>

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<font color="white" size=".72c">securing favorable terms during</font>

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<font color="white" size=".72c">negotiations with lenders now</font>

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<font color="white" size=".72c">comprehensive understanding of the</font>

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<font color="white" size=".72c">banking system and monetary mechanisms</font>

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<font color="white" size=".72c">not only bolsters your personal</font>

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<font color="white" size=".72c">financial management prowess but it also</font>

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<font color="white" size=".72c">expands your comprehension of</font>

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<font color="white" size=".72c">overarching economic forces we're of</font>

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<font color="white" size=".72c">course talking about macroeconomics here</font>

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<font color="white" size=".72c">recognizing the ways in which banks and</font>

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<font color="white" size=".72c">monetary policies shape The Wider</font>

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<font color="white" size=".72c">economy empowers you to adapt your</font>

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<font color="white" size=".72c">financial game plan in response to</font>

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<font color="white" size=".72c">fluctuating economic circumstances this</font>

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<font color="white" size=".72c">is important if you want to ensure that</font>

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<font color="white" size=".72c">your Investments maintain diversity and</font>

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<font color="white" size=".72c">that your financial objectives remain</font>

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<font color="white" size=".72c">Within Reach remember billionaires are</font>

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<font color="white" size=".72c">made during times of economic turmoil</font>

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<font color="white" size=".72c">financially educated people see these</font>

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<font color="white" size=".72c">moments as opportunities because they</font>

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<font color="white" size=".72c">know the economy has a life cycle of its</font>

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<font color="white" size=".72c">own these are the best times to build</font>

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<font color="white" size=".72c">generational wealth and they only come</font>

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<font color="white" size=".72c">around about once every few decades this</font>

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<font color="white" size=".72c">is why investing time and effort in</font>

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<font color="white" size=".72c">learning about the banking system and</font>

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<font color="white" size=".72c">money is an invaluable investment in</font>

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<font color="white" size=".72c">yourself and your financial future this</font>

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<font color="white" size=".72c">foundational knowledge equips you with</font>

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<font color="white" size=".72c">the tools necessary for Effective</font>

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<font color="white" size=".72c">decision making astute risk management</font>

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<font color="white" size=".72c">and the cultivation of wealth</font>

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<font color="white" size=".72c">number two Master the rule of 72.</font>

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<font color="white" size=".72c">the rule of 72 is an ingenious yet</font>

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<font color="white" size=".72c">straightforward formula employed to</font>

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<font color="white" size=".72c">approximate the number of years needed</font>

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<font color="white" size=".72c">to double the value of an investment or</font>

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<font color="white" size=".72c">funds deposited at a consistent annual</font>

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<font color="white" size=".72c">interest rate so this convenient tool</font>

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<font color="white" size=".72c">not only facilitates a deeper</font>

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<font color="white" size=".72c">comprehension of the formidable power of</font>

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<font color="white" size=".72c">compounding but it also enables Swift</font>

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<font color="white" size=".72c">comparisons of the prospective growth</font>

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<font color="white" size=".72c">trajectories of various Investments so</font>

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<font color="white" size=".72c">to harness the rule of 72 simply divide</font>

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<font color="white" size=".72c">72 by the annual interest rate expressed</font>

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<font color="white" size=".72c">as a percentage the resulting figure</font>

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<font color="white" size=".72c">offers an estimation of the number of</font>

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<font color="white" size=".72c">years it'll take for your investment to</font>

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<font color="white" size=".72c">double in value for instance with an</font>

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<font color="white" size=".72c">investment boasting an annual interest</font>

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<font color="white" size=".72c">rate of six percent you can expect the</font>

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<font color="white" size=".72c">value to double in approximately 12</font>

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<font color="white" size=".72c">years bear in mind though the rule of 72</font>

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<font color="white" size=".72c">serves as an approximation and may not</font>

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<font color="white" size=".72c">always provide pinpoint accuracy</font>

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<font color="white" size=".72c">particularly for higher interest rates</font>

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<font color="white" size=".72c">or When taking into account fees taxes</font>

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<font color="white" size=".72c">and other variables that could influence</font>

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<font color="white" size=".72c">an investment's return nonetheless</font>

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<font color="white" size=".72c">though it still functions as an</font>

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<font color="white" size=".72c">invaluable mental shortcut for swiftly</font>

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<font color="white" size=".72c">grasping the potential growth of an</font>

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<font color="white" size=".72c">investment and how compounding interest</font>

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<font color="white" size=".72c">can expedite wealth accumulation over</font>

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<font color="white" size=".72c">time so by mastering the rule of 72 you</font>

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<font color="white" size=".72c">can acquire a heightened understanding</font>

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<font color="white" size=".72c">of the influence of interest rates on</font>

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<font color="white" size=".72c">your Investments make more judicious</font>

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<font color="white" size=".72c">investment Decisions by rapidly</font>

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<font color="white" size=".72c">contrasting potential growth of diverse</font>

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<font color="white" size=".72c">investment options you can cultivate a</font>

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<font color="white" size=".72c">lucid perspective on the significance of</font>

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<font color="white" size=".72c">compounding and the time value of money</font>

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<font color="white" size=".72c">you can employ that rule to establish</font>

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<font color="white" size=".72c">pragmatic expectations for your</font>

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<font color="white" size=".72c">investment objectives and your time</font>

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<font color="white" size=".72c">frames and Foster a profound</font>

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<font color="white" size=".72c">appreciation for the necessity of</font>

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<font color="white" size=".72c">initiating savings and investment plans</font>

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<font color="white" size=".72c">early in order to fully capitalize on</font>

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<font color="white" size=".72c">the advantages of compound and interest</font>

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<font color="white" size=".72c">number three decode behavioral Finance</font>

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<font color="white" size=".72c">behavioral Finance is a fascinating</font>

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<font color="white" size=".72c">field of study that melds psychology and</font>

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<font color="white" size=".72c">finance to unravel how human emotions</font>

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<font color="white" size=".72c">and cognitive biases shape financial</font>

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<font color="white" size=".72c">decision making its primary objective is</font>

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<font color="white" size=".72c">to explain why individuals frequently</font>

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<font color="white" size=".72c">make irrational choices despite having</font>

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<font color="white" size=".72c">access to all the pertinent information</font>

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<font color="white" size=".72c">by demystifying behavioral Finance you</font>

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<font color="white" size=".72c">can pinpoint and surmount biases that</font>

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<font color="white" size=".72c">could adversely affect your financial</font>

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<font color="white" size=".72c">decisions and outcomes crucial Concepts</font>

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<font color="white" size=".72c">within behavioral Finance Encompass</font>

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<font color="white" size=".72c">overconfidence the tendency to overrate</font>

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<font color="white" size=".72c">one's capabilities or the Precision of</font>

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<font color="white" size=".72c">one's beliefs culminating in excessive</font>

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<font color="white" size=".72c">risk-taking or subpar investment</font>

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<font color="white" size=".72c">decisions</font>

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<font color="white" size=".72c">confirmation bias the predisposition to</font>

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<font color="white" size=".72c">search for and prioritize information</font>

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<font color="white" size=".72c">that corroborates preconceived beliefs</font>

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<font color="white" size=".72c">while dismissing or minimizing</font>

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<font color="white" size=".72c">conflicting evidence leading to</font>

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<font color="white" size=".72c">narrow-mindedness and improved and</font>

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<font color="white" size=".72c">financial choices</font>

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<font color="white" size=".72c">loss aversion the phenomenal whereby</font>

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<font color="white" size=".72c">individuals experience the sting of</font>

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<font color="white" size=".72c">losses more acutely than the</font>

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<font color="white" size=".72c">satisfaction of equivalent gains</font>

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<font color="white" size=".72c">resulting in hanging on to failing</font>

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<font color="white" size=".72c">Investments for too long or prematurely</font>

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<font color="white" size=".72c">offloading profitable ones</font>

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<font color="white" size=".72c">anchoring a cognitive bias wherein a</font>

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<font color="white" size=".72c">person relies excessively on their</font>

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<font color="white" size=".72c">initial piece of information the anchor</font>

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<font color="white" size=".72c">when making their decisions in finance</font>

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<font color="white" size=".72c">this can manifest as an investor basing</font>

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<font color="white" size=".72c">their asset valuation on historical</font>

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<font color="white" size=".72c">prices rather than intrinsic value</font>

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<font color="white" size=".72c">herd mentality the tendency to mimic the</font>

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<font color="white" size=".72c">actions or opinions of others even when</font>

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<font color="white" size=".72c">contradicting one's beliefs or</font>

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<font color="white" size=".72c">information which can give rise to</font>

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<font color="white" size=".72c">irrational market trends and Bubbles</font>

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<font color="white" size=".72c">mental accounting the inclination to</font>

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<font color="white" size=".72c">treat money differently depending on its</font>

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<font color="white" size=".72c">origin or intended use engendering</font>

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<font color="white" size=".72c">inconsistent and illogical financial</font>

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<font color="white" size=".72c">behavior</font>

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<font color="white" size=".72c">Regency bias the proclivity to assign</font>

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<font color="white" size=".72c">greater importance to recent events or</font>

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<font color="white" size=".72c">information when making decisions</font>

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<font color="white" size=".72c">potentially resulting in an overreaction</font>

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<font color="white" size=".72c">to short-term Market fluctuations and</font>

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<font color="white" size=".72c">disregard for long-term trends</font>

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<font color="white" size=".72c">so to decode and surmount these</font>

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<font color="white" size=".72c">behavioral biases contemplate the</font>

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<font color="white" size=".72c">following tactics say Alexa</font>

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<font color="white" size=".72c">increase your self-awareness</font>

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<font color="white" size=".72c">periodically reflect on your</font>

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<font color="white" size=".72c">decision-making processes and pinpoint</font>

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<font color="white" size=".72c">instances where emotions or biases may</font>

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<font color="white" size=".72c">have swayed your choice and we actually</font>

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<font color="white" size=".72c">know a cool little trick to help you out</font>

193
00:08:09,360 --> 00:08:14,819
<font color="white" size=".72c">here it's called the 72-hour rule we</font>

194
00:08:13,259 --> 00:08:17,280
<font color="white" size=".72c">learned this from Carl Richards</font>

195
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<font color="white" size=".72c">fantastic personal finance book the</font>

196
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<font color="white" size=".72c">one-page financial plan and the rule is</font>

197
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<font color="white" size=".72c">quite simple for all non-essential</font>

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<font color="white" size=".72c">purchases before you make the purchase</font>

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<font color="white" size=".72c">wait 72 hours that's it and the same</font>

200
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<font color="white" size=".72c">goes for Investments when you feel that</font>

201
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<font color="white" size=".72c">fomo or fear of missing out kicking in</font>

202
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<font color="white" size=".72c">you will know after some time passes if</font>

203
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<font color="white" size=".72c">it's a good idea to buy the thing or not</font>

204
00:08:41,039 --> 00:08:46,200
<font color="white" size=".72c">you should also seek diversive</font>

205
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<font color="white" size=".72c">perspectives consult a range of</font>

206
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<font color="white" size=".72c">information sources and entertain</font>

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<font color="white" size=".72c">opposing viewpoints to circumvent</font>

208
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<font color="white" size=".72c">confirmation bias and make well-informed</font>

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<font color="white" size=".72c">decisions</font>

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<font color="white" size=".72c">Implement disciplined investment</font>

211
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<font color="white" size=".72c">strategies employ methodical approaches</font>

212
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<font color="white" size=".72c">such as dollar cost averaging settings</font>

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<font color="white" size=".72c">stop loss orders or adhering to a</font>

214
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<font color="white" size=".72c">predetermined asset allocation to</font>

215
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<font color="white" size=".72c">diminish the influence of emotions on</font>

216
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<font color="white" size=".72c">your investment decisions</font>

217
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<font color="white" size=".72c">as well as focusing on the long term</font>

218
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<font color="white" size=".72c">prioritize your long-term Financial</font>

219
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<font color="white" size=".72c">objectives and resist the impulsive</font>

220
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<font color="white" size=".72c">reactions to short-term Market</font>

221
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<font color="white" size=".72c">fluctuations and monitor your progress</font>

222
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<font color="white" size=".72c">routinely assess your Investment</font>

223
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<font color="white" size=".72c">Portfolio and financial plan to ensure</font>

224
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<font color="white" size=".72c">alignment with your goals and to detect</font>

225
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<font color="white" size=".72c">any instances where biases may have</font>

226
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<font color="white" size=".72c">swayed your decisions by comprehending</font>

227
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<font color="white" size=".72c">behavioral finance and its bearing on</font>

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<font color="white" size=".72c">your financial decisions you can</font>

229
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<font color="white" size=".72c">cultivate Superior habits and make more</font>

230
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<font color="white" size=".72c">rational choices and believe us when we</font>

231
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<font color="white" size=".72c">say these are the only type of choices</font>

232
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<font color="white" size=".72c">that you should be making with your</font>

233
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<font color="white" size=".72c">money</font>

234
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<font color="white" size=".72c">number four Implement zero-based</font>

235
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<font color="white" size=".72c">budgeting</font>

236
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<font color="white" size=".72c">zero-based budgeting or zbb is an</font>

237
00:10:03,240 --> 00:10:07,560
<font color="white" size=".72c">Innovative financial management approach</font>

238
00:10:04,920 --> 00:10:09,720
<font color="white" size=".72c">that entails assigning every dollar of</font>

239
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<font color="white" size=".72c">your income to particular expenses</font>

240
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<font color="white" size=".72c">savings or Investments ensuring that no</font>

241
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<font color="white" size=".72c">funds remain unallocated so contrary to</font>

242
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<font color="white" size=".72c">Conventional budgeting techniques which</font>

243
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<font color="white" size=".72c">emphasize modifying prior budgets zbb</font>

244
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<font color="white" size=".72c">commences from scratch each time</font>

245
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<font color="white" size=".72c">obliging you to substantiate every</font>

246
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<font color="white" size=".72c">expenditure and prioritize your</font>

247
00:10:29,760 --> 00:10:34,980
<font color="white" size=".72c">financial objectives so this method</font>

248
00:10:32,040 --> 00:10:36,959
<font color="white" size=".72c">Fosters deliberate spending heightened</font>

249
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<font color="white" size=".72c">Financial awareness and an amplified</font>

250
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<font color="white" size=".72c">sense of control over your finances to</font>

251
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<font color="white" size=".72c">adopt zero-based budgeting you can start</font>

252
00:10:42,720 --> 00:10:47,760
<font color="white" size=".72c">by enumerating your monthly income</font>

253
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<font color="white" size=".72c">sources which encompasses salary side</font>

254
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<font color="white" size=".72c">hustles and any passive income streams</font>

255
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<font color="white" size=".72c">then you're going to want to itemize all</font>

256
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<font color="white" size=".72c">of your expenses categorizing them into</font>

257
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<font color="white" size=".72c">fixed costs for example rent utilities</font>

258
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<font color="white" size=".72c">Etc and then there variable costs like</font>

259
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<font color="white" size=".72c">groceries or entertainment and lastly</font>

260
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<font color="white" size=".72c">allocate the residual funds into savings</font>

261
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<font color="white" size=".72c">Investments or debt repayment making</font>

262
00:11:10,320 --> 00:11:14,480
<font color="white" size=".72c">sure that every dollar of your income is</font>

263
00:11:12,720 --> 00:11:17,279
<font color="white" size=".72c">designed for a specific purpose</font>

264
00:11:14,480 --> 00:11:20,100
<font color="white" size=".72c">employing a zero-based budget empowers</font>

265
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<font color="white" size=".72c">you to pinpoint areas where overspending</font>

266
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<font color="white" size=".72c">might be happening enabling you to</font>

267
00:11:22,500 --> 00:11:27,480
<font color="white" size=".72c">redirect those funds toward achieving</font>

268
00:11:24,959 --> 00:11:29,640
<font color="white" size=".72c">your financial aspirations periodically</font>

269
00:11:27,480 --> 00:11:32,399
<font color="white" size=".72c">reviewing and fine-tuning your budget</font>

270
00:11:29,640 --> 00:11:34,980
<font color="white" size=".72c">also Fosters accountability and ensures</font>

271
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<font color="white" size=".72c">that you consistently progress toward</font>

272
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<font color="white" size=".72c">Financial stability and Triumph over</font>

273
00:11:37,620 --> 00:11:42,120
<font color="white" size=".72c">time this systematic approach can assist</font>

274
00:11:39,779 --> 00:11:44,220
<font color="white" size=".72c">you in forging Superior money management</font>

275
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<font color="white" size=".72c">habits and nurturing a more</font>

276
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<font color="white" size=".72c">conscientious attitude toward your</font>

277
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<font color="white" size=".72c">finances</font>

278
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<font color="white" size=".72c">number five examine case studies of</font>

279
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<font color="white" size=".72c">financial successes and failures</font>

280
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<font color="white" size=".72c">analyzing case studies of financial</font>

281
00:11:56,700 --> 00:12:01,140
<font color="white" size=".72c">triumphs and setbacks can yield</font>

282
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<font color="white" size=".72c">Priceless insights into the tactics</font>

283
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<font color="white" size=".72c">decision-making methodologies and</font>

284
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<font color="white" size=".72c">external elements that contribute to</font>

285
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<font color="white" size=".72c">both favorable and unfavorable outcomes</font>

286
00:12:08,600 --> 00:12:13,800
<font color="white" size=".72c">scrutinizing real world instances will</font>

287
00:12:11,279 --> 00:12:16,260
<font color="white" size=".72c">teach you to discern patterns assimilate</font>

288
00:12:13,800 --> 00:12:18,240
<font color="white" size=".72c">wisdom from others experiences and</font>

289
00:12:16,260 --> 00:12:20,880
<font color="white" size=".72c">integrate the lessons into your own</font>

290
00:12:18,240 --> 00:12:22,800
<font color="white" size=".72c">Financial Odyssey prosperous case</font>

291
00:12:20,880 --> 00:12:25,140
<font color="white" size=".72c">studies such as Warren Buffett's</font>

292
00:12:22,800 --> 00:12:26,579
<font color="white" size=".72c">long-term investment strategies or the</font>

293
00:12:25,140 --> 00:12:29,399
<font color="white" size=".72c">remarkable growth of Technology</font>

294
00:12:26,579 --> 00:12:31,500
<font color="white" size=".72c">behemoths like apple and Amazon can</font>

295
00:12:29,399 --> 00:12:33,540
<font color="white" size=".72c">impart a treasure Trove of knowledge on</font>

296
00:12:31,500 --> 00:12:37,019
<font color="white" size=".72c">value investing Adept business</font>

297
00:12:33,540 --> 00:12:39,120
<font color="white" size=".72c">management and evolving market trends by</font>

298
00:12:37,019 --> 00:12:41,459
<font color="white" size=".72c">dissecting the driving forces Behind</font>

299
00:12:39,120 --> 00:12:43,980
<font color="white" size=".72c">These successes you can extract insights</font>

300
00:12:41,459 --> 00:12:46,019
<font color="white" size=".72c">into potent investment techniques the</font>

301
00:12:43,980 --> 00:12:48,600
<font color="white" size=".72c">significance of maintaining a long-term</font>

302
00:12:46,019 --> 00:12:50,420
<font color="white" size=".72c">Outlook and the transformative power of</font>

303
00:12:48,600 --> 00:12:52,800
<font color="white" size=".72c">innovation in generating wealth</font>

304
00:12:50,420 --> 00:12:55,260
<font color="white" size=".72c">conversely delving into Financial</font>

305
00:12:52,800 --> 00:12:58,800
<font color="white" size=".72c">failures like the dramatic collapse of</font>

306
00:12:55,260 --> 00:13:00,480
<font color="white" size=".72c">Enron or the 2008 financial crisis or</font>

307
00:12:58,800 --> 00:13:02,880
<font color="white" size=".72c">even the more recent collapse of the</font>

308
00:13:00,480 --> 00:13:04,980
<font color="white" size=".72c">Silicon Valley Bank can impart crucial</font>

309
00:13:02,880 --> 00:13:07,440
<font color="white" size=".72c">lessons to the repercussions of</font>

310
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<font color="white" size=".72c">unethical conduct unrestrained</font>

311
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<font color="white" size=".72c">risk-taking and The Perils of succumbing</font>

312
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<font color="white" size=".72c">to herd mentality</font>

313
00:13:12,060 --> 00:13:16,320
<font color="white" size=".72c">by grasping the errors and misjudgments</font>

314
00:13:14,760 --> 00:13:18,899
<font color="white" size=".72c">that precipitated these Financial</font>

315
00:13:16,320 --> 00:13:21,360
<font color="white" size=".72c">catastrophes you can cultivate a more</font>

316
00:13:18,899 --> 00:13:23,880
<font color="white" size=".72c">prudent and comprehensive approach to</font>

317
00:13:21,360 --> 00:13:26,220
<font color="white" size=".72c">your own Financial stewardship ensuring</font>

318
00:13:23,880 --> 00:13:29,820
<font color="white" size=".72c">that you are better equipped to steer</font>

319
00:13:26,220 --> 00:13:33,720
<font color="white" size=".72c">through potential hazards and obstacles</font>

320
00:13:29,820 --> 00:13:35,399
<font color="white" size=".72c">number six learn to read financial news</font>

321
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<font color="white" size=".72c">critically</font>

322
00:13:35,399 --> 00:13:39,899
<font color="white" size=".72c">cultivating the ability to critically</font>

323
00:13:37,380 --> 00:13:42,060
<font color="white" size=".72c">read financial news is crucial for</font>

324
00:13:39,899 --> 00:13:45,120
<font color="white" size=".72c">making well-informed decisions and</font>

325
00:13:42,060 --> 00:13:47,600
<font color="white" size=".72c">sifting through extraneous noise amidst</font>

326
00:13:45,120 --> 00:13:50,060
<font color="white" size=".72c">today's rapidly evolving media landscape</font>

327
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<font color="white" size=".72c">Discerning valuable insights from</font>

328
00:13:50,060 --> 00:13:55,680
<font color="white" size=".72c">sensationalized headlines is of</font>

329
00:13:52,620 --> 00:13:57,420
<font color="white" size=".72c">Paramount importance when you hone your</font>

330
00:13:55,680 --> 00:13:59,600
<font color="white" size=".72c">critical thinking skills you can more</font>

331
00:13:57,420 --> 00:14:02,279
<font color="white" size=".72c">effectively evaluate the credibility</font>

332
00:13:59,600 --> 00:14:05,579
<font color="white" size=".72c">relevance and accuracy of financial</font>

333
00:14:02,279 --> 00:14:07,800
<font color="white" size=".72c">information Begin by scrutinizing the</font>

334
00:14:05,579 --> 00:14:10,500
<font color="white" size=".72c">news source considering its credibility</font>

335
00:14:07,800 --> 00:14:13,620
<font color="white" size=".72c">and potential biases Begin by</font>

336
00:14:10,500 --> 00:14:16,200
<font color="white" size=".72c">scrutinizing the news source considering</font>

337
00:14:13,620 --> 00:14:19,320
<font color="white" size=".72c">this source's credibility and potential</font>

338
00:14:16,200 --> 00:14:21,300
<font color="white" size=".72c">biases because look financial news like</font>

339
00:14:19,320 --> 00:14:23,399
<font color="white" size=".72c">all news can be swayed by various</font>

340
00:14:21,300 --> 00:14:26,040
<font color="white" size=".72c">factors including the authors or</font>

341
00:14:23,399 --> 00:14:28,380
<font color="white" size=".72c">Publishers interests advertising</font>

342
00:14:26,040 --> 00:14:31,680
<font color="white" size=".72c">pressures or even political affiliations</font>

343
00:14:28,380 --> 00:14:33,440
<font color="white" size=".72c">so stay vigilant for possible conflicts</font>

344
00:14:31,680 --> 00:14:36,000
<font color="white" size=".72c">of interest and contemplate</font>

345
00:14:33,440 --> 00:14:38,040
<font color="white" size=".72c">cross-referencing multiple sources to</font>

346
00:14:36,000 --> 00:14:39,440
<font color="white" size=".72c">obtain a more balanced perspective on</font>

347
00:14:38,040 --> 00:14:42,060
<font color="white" size=".72c">the subject matter</font>

348
00:14:39,440 --> 00:14:44,459
<font color="white" size=".72c">diversifying your sources will introduce</font>

349
00:14:42,060 --> 00:14:46,380
<font color="white" size=".72c">you to Alternative viewpoints and enable</font>

350
00:14:44,459 --> 00:14:48,019
<font color="white" size=".72c">you to form a more holistic</font>

351
00:14:46,380 --> 00:14:51,600
<font color="white" size=".72c">understanding of the topic at hand</font>

352
00:14:48,019 --> 00:14:54,060
<font color="white" size=".72c">moreover concentrate on the caliber and</font>

353
00:14:51,600 --> 00:14:56,519
<font color="white" size=".72c">depth of the analysis offered in the</font>

354
00:14:54,060 --> 00:14:59,279
<font color="white" size=".72c">news seek out well-researched</font>

355
00:14:56,519 --> 00:15:02,040
<font color="white" size=".72c">data-driven articles that substantiate</font>

356
00:14:59,279 --> 00:15:05,060
<font color="white" size=".72c">their assertations with evidence rather</font>

357
00:15:02,040 --> 00:15:07,620
<font color="white" size=".72c">than depending on anecdotes or opinions</font>

358
00:15:05,060 --> 00:15:10,320
<font color="white" size=".72c">exercise caution when encountering</font>

359
00:15:07,620 --> 00:15:12,959
<font color="white" size=".72c">Sensational headlines devised to capture</font>

360
00:15:10,320 --> 00:15:16,139
<font color="white" size=".72c">your attention but which might lack</font>

361
00:15:12,959 --> 00:15:18,180
<font color="white" size=".72c">substantive information by refining your</font>

362
00:15:16,139 --> 00:15:20,519
<font color="white" size=".72c">Proficiency in critically assessing</font>

363
00:15:18,180 --> 00:15:23,100
<font color="white" size=".72c">financial news you can more accurately</font>

364
00:15:20,519 --> 00:15:25,800
<font color="white" size=".72c">discern valuable insights and then</font>

365
00:15:23,100 --> 00:15:29,220
<font color="white" size=".72c">sidestep making impetuous decisions</font>

366
00:15:25,800 --> 00:15:31,980
<font color="white" size=".72c">predicted on untrustworthy or slanted</font>

367
00:15:29,220 --> 00:15:34,500
<font color="white" size=".72c">information remember when in doubt</font>

368
00:15:31,980 --> 00:15:36,839
<font color="white" size=".72c">always follow the money and you will get</font>

369
00:15:34,500 --> 00:15:40,199
<font color="white" size=".72c">your answers</font>

370
00:15:36,839 --> 00:15:42,560
<font color="white" size=".72c">number seven challenge yourself with</font>

371
00:15:40,199 --> 00:15:45,180
<font color="white" size=".72c">financial experiments</font>

372
00:15:42,560 --> 00:15:47,100
<font color="white" size=".72c">embracing Financial experiments as a</font>

373
00:15:45,180 --> 00:15:49,920
<font color="white" size=".72c">method to test your financial Acumen</font>

374
00:15:47,100 --> 00:15:52,139
<font color="white" size=".72c">expertise and adaptability proves to Be</font>

375
00:15:49,920 --> 00:15:54,180
<font color="white" size=".72c">an Effective approach these experiments</font>

376
00:15:52,139 --> 00:15:56,459
<font color="white" size=".72c">May Encompass establishing short-term</font>

377
00:15:54,180 --> 00:15:58,260
<font color="white" size=".72c">objectives experimenting with novel</font>

378
00:15:56,459 --> 00:16:00,959
<font color="white" size=".72c">Financial tactics or delving into</font>

379
00:15:58,260 --> 00:16:03,180
<font color="white" size=".72c">Uncharted investment prospects when</font>

380
00:16:00,959 --> 00:16:05,519
<font color="white" size=".72c">venturing beyond your comfort zone you</font>

381
00:16:03,180 --> 00:16:07,860
<font color="white" size=".72c">can reap invaluable insights learn from</font>

382
00:16:05,519 --> 00:16:09,839
<font color="white" size=".72c">your experiences and augment your</font>

383
00:16:07,860 --> 00:16:11,940
<font color="white" size=".72c">financial proficiency Financial</font>

384
00:16:09,839 --> 00:16:14,339
<font color="white" size=".72c">experiments can manifest in various</font>

385
00:16:11,940 --> 00:16:16,260
<font color="white" size=".72c">forms ranging from adhering to a</font>

386
00:16:14,339 --> 00:16:18,480
<font color="white" size=".72c">stringent budget for a month to assess</font>

387
00:16:16,260 --> 00:16:21,120
<font color="white" size=".72c">your frugality to investing in an</font>

388
00:16:18,480 --> 00:16:23,339
<font color="white" size=".72c">emerging class to explore its risks and</font>

389
00:16:21,120 --> 00:16:25,440
<font color="white" size=".72c">potential rewards alternative</font>

390
00:16:23,339 --> 00:16:27,779
<font color="white" size=".72c">experiments could entail launching a</font>

391
00:16:25,440 --> 00:16:30,360
<font color="white" size=".72c">side hustle to generate supplementary</font>

392
00:16:27,779 --> 00:16:33,060
<font color="white" size=".72c">income or experimenting with diverse</font>

393
00:16:30,360 --> 00:16:35,760
<font color="white" size=".72c">savings techniques to ascertain the most</font>

394
00:16:33,060 --> 00:16:37,320
<font color="white" size=".72c">effective method for you through these</font>

395
00:16:35,760 --> 00:16:39,240
<font color="white" size=".72c">challenges you'll cultivate a more</font>

396
00:16:37,320 --> 00:16:42,060
<font color="white" size=".72c">profound comprehension of your financial</font>

397
00:16:39,240 --> 00:16:44,220
<font color="white" size=".72c">habits and inclinations empowering you</font>

398
00:16:42,060 --> 00:16:46,500
<font color="white" size=".72c">to make more informed decisions in the</font>

399
00:16:44,220 --> 00:16:48,899
<font color="white" size=".72c">future and while embarking on these</font>

400
00:16:46,500 --> 00:16:51,360
<font color="white" size=".72c">experiments it is crucial to adopt a</font>

401
00:16:48,899 --> 00:16:53,639
<font color="white" size=".72c">learning mindset reflect on your</font>

402
00:16:51,360 --> 00:16:56,639
<font color="white" size=".72c">triumphs and setbacks and remain</font>

403
00:16:53,639 --> 00:16:58,740
<font color="white" size=".72c">receptive to change monitor your</font>

404
00:16:56,639 --> 00:17:01,620
<font color="white" size=".72c">progress and Chronicle your experiences</font>

405
00:16:58,740 --> 00:17:04,919
<font color="white" size=".72c">to pinpoint patterns and lessons that</font>

406
00:17:01,620 --> 00:17:07,559
<font color="white" size=".72c">can guide your future Financial choices</font>

407
00:17:04,919 --> 00:17:10,020
<font color="white" size=".72c">number eight analyze your favorite</font>

408
00:17:07,559 --> 00:17:12,059
<font color="white" size=".72c">Brands financials</font>

409
00:17:10,020 --> 00:17:14,160
<font color="white" size=".72c">examining the financials of your beloved</font>

410
00:17:12,059 --> 00:17:15,720
<font color="white" size=".72c">Brands can be a captivating Endeavor</font>

411
00:17:14,160 --> 00:17:18,299
<font color="white" size=".72c">allowing you to delve into Financial</font>

412
00:17:15,720 --> 00:17:21,179
<font color="white" size=".72c">Concepts and assess the performance of</font>

413
00:17:18,299 --> 00:17:22,980
<font color="white" size=".72c">companies that spark Your Enthusiasm by</font>

414
00:17:21,179 --> 00:17:25,199
<font color="white" size=".72c">scrutinizing the financial statements</font>

415
00:17:22,980 --> 00:17:27,240
<font color="white" size=".72c">annual reports and earnings of all of</font>

416
00:17:25,199 --> 00:17:28,500
<font color="white" size=".72c">these Enterprises you can gain a deeper</font>

417
00:17:27,240 --> 00:17:31,559
<font color="white" size=".72c">understanding of their business</font>

418
00:17:28,500 --> 00:17:34,620
<font color="white" size=".72c">structures Revenue sources profitability</font>

419
00:17:31,559 --> 00:17:36,840
<font color="white" size=".72c">and growth potential and this immersive</font>

420
00:17:34,620 --> 00:17:38,580
<font color="white" size=".72c">approach allows you to develop an Acumen</font>

421
00:17:36,840 --> 00:17:40,799
<font color="white" size=".72c">necessary for making well-informed</font>

422
00:17:38,580 --> 00:17:43,980
<font color="white" size=".72c">investment choices while further</font>

423
00:17:40,799 --> 00:17:46,320
<font color="white" size=".72c">augmenting your financial IQ embark on</font>

424
00:17:43,980 --> 00:17:48,840
<font color="white" size=".72c">your analysis by perusing the company's</font>

425
00:17:46,320 --> 00:17:51,179
<font color="white" size=".72c">income statement balance sheet and cash</font>

426
00:17:48,840 --> 00:17:53,220
<font color="white" size=".72c">flow statement these crucial financial</font>

427
00:17:51,179 --> 00:17:55,200
<font color="white" size=".72c">documents offer a glimpse into the</font>

428
00:17:53,220 --> 00:17:57,000
<font color="white" size=".72c">company's fiscal well-being and</font>

429
00:17:55,200 --> 00:17:59,400
<font color="white" size=".72c">facilitate the evaluation of its</font>

430
00:17:57,000 --> 00:18:01,980
<font color="white" size=".72c">performance trajectory keep an eye on</font>

431
00:17:59,400 --> 00:18:04,799
<font color="white" size=".72c">metrics such as Revenue growth profit</font>

432
00:18:01,980 --> 00:18:07,440
<font color="white" size=".72c">margins debt levels and liquidity ratios</font>

433
00:18:04,799 --> 00:18:09,660
<font color="white" size=".72c">by juxtaposing these figures with</font>

434
00:18:07,440 --> 00:18:11,640
<font color="white" size=".72c">industry benchmarks or competitor data</font>

435
00:18:09,660 --> 00:18:13,260
<font color="white" size=".72c">you you can glean insights into the</font>

436
00:18:11,640 --> 00:18:15,660
<font color="white" size=".72c">company's relative strengths and</font>

437
00:18:13,260 --> 00:18:18,900
<font color="white" size=".72c">weaknesses as well as its overarching</font>

438
00:18:15,660 --> 00:18:20,700
<font color="white" size=".72c">competitive stance and finally tune in</font>

439
00:18:18,900 --> 00:18:22,620
<font color="white" size=".72c">to earnings calls and sift through</font>

440
00:18:20,700 --> 00:18:24,360
<font color="white" size=".72c">annual reports to acquire a more</font>

441
00:18:22,620 --> 00:18:27,059
<font color="white" size=".72c">profound comprehension of the company's</font>

442
00:18:24,360 --> 00:18:29,400
<font color="white" size=".72c">strategic Vision Management's Outlook</font>

443
00:18:27,059 --> 00:18:32,100
<font color="white" size=".72c">and potential risks or opportunities</font>

444
00:18:29,400 --> 00:18:34,500
<font color="white" size=".72c">this information provides invaluable</font>

445
00:18:32,100 --> 00:18:36,360
<font color="white" size=".72c">context for interpreting financial data</font>

446
00:18:34,500 --> 00:18:38,280
<font color="white" size=".72c">enabling you to cultivate a more</font>

447
00:18:36,360 --> 00:18:39,620
<font color="white" size=".72c">holistic perspective on the company's</font>

448
00:18:38,280 --> 00:18:41,940
<font color="white" size=".72c">prospects</font>

449
00:18:39,620 --> 00:18:43,799
<font color="white" size=".72c">analyzing your favorite Brands</font>

450
00:18:41,940 --> 00:18:46,320
<font color="white" size=".72c">financials not only bolsters your</font>

451
00:18:43,799 --> 00:18:49,440
<font color="white" size=".72c">financial literacy but also equips you</font>

452
00:18:46,320 --> 00:18:52,260
<font color="white" size=".72c">to make more informed choices as both a</font>

453
00:18:49,440 --> 00:18:55,740
<font color="white" size=".72c">consumer and an investor</font>

454
00:18:52,260 --> 00:18:57,360
<font color="white" size=".72c">number nine follow influential Financial</font>

455
00:18:55,740 --> 00:18:58,919
<font color="white" size=".72c">podcasts</font>

456
00:18:57,360 --> 00:19:01,260
<font color="white" size=".72c">watching or listening to financial</font>

457
00:18:58,919 --> 00:19:03,419
<font color="white" size=".72c">podcasts is a great method to elevate</font>

458
00:19:01,260 --> 00:19:05,220
<font color="white" size=".72c">your financial IQ as they offer</font>

459
00:19:03,419 --> 00:19:07,679
<font color="white" size=".72c">invaluable insights and expert</font>

460
00:19:05,220 --> 00:19:10,380
<font color="white" size=".72c">perspectives on various facets of</font>

461
00:19:07,679 --> 00:19:14,160
<font color="white" size=".72c">personal finance investing and wealth</font>

462
00:19:10,380 --> 00:19:16,020
<font color="white" size=".72c">management here's why podcasts serve as</font>

463
00:19:14,160 --> 00:19:18,419
<font color="white" size=".72c">a convenient and readily available</font>

464
00:19:16,020 --> 00:19:20,700
<font color="white" size=".72c">source of information that you can enjoy</font>

465
00:19:18,419 --> 00:19:23,100
<font color="white" size=".72c">while commuting working out or during</font>

466
00:19:20,700 --> 00:19:25,500
<font color="white" size=".72c">your leisure time they assist in keeping</font>

467
00:19:23,100 --> 00:19:27,720
<font color="white" size=".72c">you abreast of market trends investment</font>

468
00:19:25,500 --> 00:19:30,539
<font color="white" size=".72c">techniques and personal finance advice</font>

469
00:19:27,720 --> 00:19:32,460
<font color="white" size=".72c">while simultaneously inspiring and</font>

470
00:19:30,539 --> 00:19:33,720
<font color="white" size=".72c">motivating you to refine your financial</font>

471
00:19:32,460 --> 00:19:36,360
<font color="white" size=".72c">habits</font>

472
00:19:33,720 --> 00:19:38,220
<font color="white" size=".72c">Premiere Financial podcasts often</font>

473
00:19:36,360 --> 00:19:40,440
<font color="white" size=".72c">showcase interviews with accomplished</font>

474
00:19:38,220 --> 00:19:43,200
<font color="white" size=".72c">entrepreneurs investors and financial</font>

475
00:19:40,440 --> 00:19:46,200
<font color="white" size=".72c">gurus presenting a rich tapestry of</font>

476
00:19:43,200 --> 00:19:47,940
<font color="white" size=".72c">perspectives and pragmatic guidance by</font>

477
00:19:46,200 --> 00:19:49,980
<font color="white" size=".72c">absorbing these discussions you can get</font>

478
00:19:47,940 --> 00:19:52,679
<font color="white" size=".72c">yourself valuable lessons from their</font>

479
00:19:49,980 --> 00:19:54,600
<font color="white" size=".72c">experiences missteps and tactics and</font>

480
00:19:52,679 --> 00:19:57,179
<font color="white" size=".72c">Implement these insights into your own</font>

481
00:19:54,600 --> 00:19:59,340
<font color="white" size=".72c">Financial Journey furthermore these</font>

482
00:19:57,179 --> 00:20:01,559
<font color="white" size=".72c">podcasts expertly distill complex</font>

483
00:19:59,340 --> 00:20:03,960
<font color="white" size=".72c">Financial Concepts into more palatable</font>

484
00:20:01,559 --> 00:20:06,059
<font color="white" size=".72c">and engaging formats making it more</font>

485
00:20:03,960 --> 00:20:08,220
<font color="white" size=".72c">simple for listeners to comprehend and</font>

486
00:20:06,059 --> 00:20:10,860
<font color="white" size=".72c">apply their acquired knowledge and their</font>

487
00:20:08,220 --> 00:20:13,380
<font color="white" size=".72c">daily lives to optimize the benefits of</font>

488
00:20:10,860 --> 00:20:15,780
<font color="white" size=".72c">financial podcasts it is crucial to</font>

489
00:20:13,380 --> 00:20:18,539
<font color="white" size=".72c">select those that resonate with your</font>

490
00:20:15,780 --> 00:20:20,820
<font color="white" size=".72c">interests and objectives so seek out</font>

491
00:20:18,539 --> 00:20:23,100
<font color="white" size=".72c">podcasts that Encompass a broad spectrum</font>

492
00:20:20,820 --> 00:20:25,679
<font color="white" size=".72c">of topics such as personal finance</font>

493
00:20:23,100 --> 00:20:28,440
<font color="white" size=".72c">investing entrepreneurship or financial</font>

494
00:20:25,679 --> 00:20:30,660
<font color="white" size=".72c">Independence and subscribe to a variety</font>

495
00:20:28,440 --> 00:20:32,640
<font color="white" size=".72c">of shows to guarantee exposure to a</font>

496
00:20:30,660 --> 00:20:34,559
<font color="white" size=".72c">balanced and more diverse range of</font>

497
00:20:32,640 --> 00:20:36,360
<font color="white" size=".72c">insights and if you're looking for a</font>

498
00:20:34,559 --> 00:20:39,240
<font color="white" size=".72c">great way to start you should check out</font>

499
00:20:36,360 --> 00:20:41,460
<font color="white" size=".72c">Naval ravicon's podcasts he has the</font>

500
00:20:39,240 --> 00:20:44,400
<font color="white" size=".72c">healthiest and most logical principles</font>

501
00:20:41,460 --> 00:20:47,760
<font color="white" size=".72c">for building and maintaining wealth</font>

502
00:20:44,400 --> 00:20:50,460
<font color="white" size=".72c">number 10. read influential personal</font>

503
00:20:47,760 --> 00:20:52,559
<font color="white" size=".72c">finance books reading influential</font>

504
00:20:50,460 --> 00:20:55,140
<font color="white" size=".72c">personal finance books can significantly</font>

505
00:20:52,559 --> 00:20:57,960
<font color="white" size=".72c">improve your financial IQ by providing</font>

506
00:20:55,140 --> 00:21:00,360
<font color="white" size=".72c">valuable insights practical advice and</font>

507
00:20:57,960 --> 00:21:01,500
<font color="white" size=".72c">tried and tested strategies from experts</font>

508
00:21:00,360 --> 00:21:03,539
<font color="white" size=".72c">in the field</font>

509
00:21:01,500 --> 00:21:05,820
<font color="white" size=".72c">these books often cover a wide range of</font>

510
00:21:03,539 --> 00:21:08,280
<font color="white" size=".72c">topics such as budgeting saving</font>

511
00:21:05,820 --> 00:21:10,260
<font color="white" size=".72c">investing debt management and wealth</font>

512
00:21:08,280 --> 00:21:11,700
<font color="white" size=".72c">building by learning from the</font>

513
00:21:10,260 --> 00:21:13,919
<font color="white" size=".72c">experiences and knowledge of</font>

514
00:21:11,700 --> 00:21:15,960
<font color="white" size=".72c">accomplished Financial authors you can</font>

515
00:21:13,919 --> 00:21:18,600
<font color="white" size=".72c">develop a strong foundation in personal</font>

516
00:21:15,960 --> 00:21:21,539
<font color="white" size=".72c">finance and apply their wisdom to your</font>

517
00:21:18,600 --> 00:21:23,580
<font color="white" size=".72c">own Financial journey and influential</font>

518
00:21:21,539 --> 00:21:26,039
<font color="white" size=".72c">personal finance books they often</font>

519
00:21:23,580 --> 00:21:28,260
<font color="white" size=".72c">feature relatable stories case studies</font>

520
00:21:26,039 --> 00:21:30,659
<font color="white" size=".72c">and real life examples that make complex</font>

521
00:21:28,260 --> 00:21:32,880
<font color="white" size=".72c">Financial Concepts a lot more accessible</font>

522
00:21:30,659 --> 00:21:34,919
<font color="white" size=".72c">and engaging they can help you to</font>

523
00:21:32,880 --> 00:21:38,280
<font color="white" size=".72c">identify and overcome common Financial</font>

524
00:21:34,919 --> 00:21:40,860
<font color="white" size=".72c">challenges develop a growth mindset and</font>

525
00:21:38,280 --> 00:21:43,559
<font color="white" size=".72c">cultivate habits that promote long-term</font>

526
00:21:40,860 --> 00:21:45,480
<font color="white" size=".72c">financial success reading these books</font>

527
00:21:43,559 --> 00:21:47,640
<font color="white" size=".72c">can also provide inspiration and</font>

528
00:21:45,480 --> 00:21:50,400
<font color="white" size=".72c">motivation to take control of your</font>

529
00:21:47,640 --> 00:21:52,500
<font color="white" size=".72c">finances set ambitious financial goals</font>

530
00:21:50,400 --> 00:21:53,820
<font color="white" size=".72c">and pursue a path toward Financial</font>

531
00:21:52,500 --> 00:21:55,799
<font color="white" size=".72c">Independence</font>

532
00:21:53,820 --> 00:21:58,679
<font color="white" size=".72c">to get the most out of reading personal</font>

533
00:21:55,799 --> 00:22:01,260
<font color="white" size=".72c">finance books consider taking notes or</font>

534
00:21:58,679 --> 00:22:04,320
<font color="white" size=".72c">creating summaries of key takeaways and</font>

535
00:22:01,260 --> 00:22:06,299
<font color="white" size=".72c">then applying those lessons to your own</font>

536
00:22:04,320 --> 00:22:08,820
<font color="white" size=".72c">financial situation</font>

537
00:22:06,299 --> 00:22:11,280
<font color="white" size=".72c">implement the strategies and techniques</font>

538
00:22:08,820 --> 00:22:13,940
<font color="white" size=".72c">you learn in a way that best suits your</font>

539
00:22:11,280 --> 00:22:16,559
<font color="white" size=".72c">unique financial goals and circumstances</font>

540
00:22:13,940 --> 00:22:19,559
<font color="white" size=".72c">continuously seek out new books and</font>

541
00:22:16,559 --> 00:22:21,240
<font color="white" size=".72c">resources to expand your knowledge stay</font>

542
00:22:19,559 --> 00:22:23,940
<font color="white" size=".72c">up to date with the ever-changing</font>

543
00:22:21,240 --> 00:22:26,159
<font color="white" size=".72c">financial landscape and adapt your</font>

544
00:22:23,940 --> 00:22:28,620
<font color="white" size=".72c">financial strategies as you progress</font>

545
00:22:26,159 --> 00:22:30,179
<font color="white" size=".72c">through different life stages and if</font>

546
00:22:28,620 --> 00:22:32,100
<font color="white" size=".72c">you're looking for a book recommendation</font>

547
00:22:30,179 --> 00:22:34,260
<font color="white" size=".72c">just browse here around on our Channel</font>

548
00:22:32,100 --> 00:22:37,919
<font color="white" size=".72c">we've got plenty of videos where we</font>

549
00:22:34,260 --> 00:22:42,659
<font color="white" size=".72c">provide overviews of great Finance books</font>

550
00:22:37,919 --> 00:22:45,059
<font color="white" size=".72c">number 11 utilize gamified learning apps</font>

551
00:22:42,659 --> 00:22:46,860
<font color="white" size=".72c">gamified learning apps offer an engaging</font>

552
00:22:45,059 --> 00:22:49,020
<font color="white" size=".72c">and interactive way to build Financial</font>

553
00:22:46,860 --> 00:22:50,880
<font color="white" size=".72c">knowledge by incorporating game-like</font>

554
00:22:49,020 --> 00:22:53,460
<font color="white" size=".72c">elements and rewards into the</font>

555
00:22:50,880 --> 00:22:55,260
<font color="white" size=".72c">educational experience these apps</font>

556
00:22:53,460 --> 00:22:57,659
<font color="white" size=".72c">provide a fun and motivating environment</font>

557
00:22:55,260 --> 00:23:00,720
<font color="white" size=".72c">that encourages users to learn Financial</font>

558
00:22:57,659 --> 00:23:03,480
<font color="white" size=".72c">Concepts test their strategies and</font>

559
00:23:00,720 --> 00:23:05,580
<font color="white" size=".72c">develop essential skills by utilizing</font>

560
00:23:03,480 --> 00:23:08,100
<font color="white" size=".72c">gamified learning apps you can transform</font>

561
00:23:05,580 --> 00:23:10,980
<font color="white" size=".72c">your financial education journey into an</font>

562
00:23:08,100 --> 00:23:12,840
<font color="white" size=".72c">enjoyable and stimulating process some</font>

563
00:23:10,980 --> 00:23:15,480
<font color="white" size=".72c">popular gamified learning apps such as</font>

564
00:23:12,840 --> 00:23:17,880
<font color="white" size=".72c">wellspace or investopedia's stock</font>

565
00:23:15,480 --> 00:23:20,460
<font color="white" size=".72c">simulator focus on stock market</font>

566
00:23:17,880 --> 00:23:23,400
<font color="white" size=".72c">investing they allow users to create</font>

567
00:23:20,460 --> 00:23:25,559
<font color="white" size=".72c">virtual portfolios simulate real-time</font>

568
00:23:23,400 --> 00:23:27,740
<font color="white" size=".72c">trading and compete with friends or</font>

569
00:23:25,559 --> 00:23:30,179
<font color="white" size=".72c">other users in a risk-free environment</font>

570
00:23:27,740 --> 00:23:32,120
<font color="white" size=".72c">these platforms enable you to learn</font>

571
00:23:30,179 --> 00:23:34,919
<font color="white" size=".72c">about various investment strategies</font>

572
00:23:32,120 --> 00:23:37,080
<font color="white" size=".72c">analyze companies financial health and</font>

573
00:23:34,919 --> 00:23:39,960
<font color="white" size=".72c">understand market dynamics all while</font>

574
00:23:37,080 --> 00:23:41,820
<font color="white" size=".72c">having fun and earning rewards and in</font>

575
00:23:39,960 --> 00:23:44,280
<font color="white" size=".72c">addition to stock market simulators</font>

576
00:23:41,820 --> 00:23:46,799
<font color="white" size=".72c">there are other gamified apps designed</font>

577
00:23:44,280 --> 00:23:49,799
<font color="white" size=".72c">to teach budgeting saving and Personal</font>

578
00:23:46,799 --> 00:23:52,440
<font color="white" size=".72c">Finance Management these apps often use</font>

579
00:23:49,799 --> 00:23:55,500
<font color="white" size=".72c">engaging visuals quizzes and progress</font>

580
00:23:52,440 --> 00:23:58,679
<font color="white" size=".72c">tracking to help users develop positive</font>

581
00:23:55,500 --> 00:24:02,220
<font color="white" size=".72c">financial habits and achieve their goals</font>

582
00:23:58,679 --> 00:24:06,659
<font color="white" size=".72c">number 12. set up a financial vision</font>

583
00:24:02,220 --> 00:24:09,120
<font color="white" size=".72c">board and utilize goal-based investing a</font>

584
00:24:06,659 --> 00:24:10,500
<font color="white" size=".72c">financial vision board serves as a vivid</font>

585
00:24:09,120 --> 00:24:13,380
<font color="white" size=".72c">representation of your financial</font>

586
00:24:10,500 --> 00:24:16,500
<font color="white" size=".72c">Ambitions and aspirations meticulously</font>

587
00:24:13,380 --> 00:24:18,360
<font color="white" size=".72c">crafted to inspire and Galvanize you to</font>

588
00:24:16,500 --> 00:24:19,679
<font color="white" size=".72c">remain steadfast on your financial</font>

589
00:24:18,360 --> 00:24:21,900
<font color="white" size=".72c">Journey</font>

590
00:24:19,679 --> 00:24:24,840
<font color="white" size=".72c">the process of creating a vision board</font>

591
00:24:21,900 --> 00:24:27,480
<font color="white" size=".72c">entails Gathering images quotes or</font>

592
00:24:24,840 --> 00:24:30,120
<font color="white" size=".72c">symbols epitomizing your envisioned</font>

593
00:24:27,480 --> 00:24:32,940
<font color="white" size=".72c">financial future and organizing them on</font>

594
00:24:30,120 --> 00:24:35,580
<font color="white" size=".72c">a tangible or digital board the vision</font>

595
00:24:32,940 --> 00:24:37,980
<font color="white" size=".72c">board acts as a Perpetual reminder of</font>

596
00:24:35,580 --> 00:24:40,260
<font color="white" size=".72c">your financial aspirations guiding you</font>

597
00:24:37,980 --> 00:24:42,200
<font color="white" size=".72c">toward decisions that align with your</font>

598
00:24:40,260 --> 00:24:44,820
<font color="white" size=".72c">sought after outcomes</font>

599
00:24:42,200 --> 00:24:46,440
<font color="white" size=".72c">goal-based investing is a Strategic</font>

600
00:24:44,820 --> 00:24:49,080
<font color="white" size=".72c">investment approach centered around</font>

601
00:24:46,440 --> 00:24:51,480
<font color="white" size=".72c">aligning your financial objectives with</font>

602
00:24:49,080 --> 00:24:53,760
<font color="white" size=".72c">your investment blueprint rather than</font>

603
00:24:51,480 --> 00:24:56,400
<font color="white" size=".72c">exclusively fixating on optimizing</font>

604
00:24:53,760 --> 00:24:58,580
<font color="white" size=".72c">returns goal-based investing accentuates</font>

605
00:24:56,400 --> 00:25:01,380
<font color="white" size=".72c">the attainment of explicit Financial</font>

606
00:24:58,580 --> 00:25:04,020
<font color="white" size=".72c">Milestones encompassing saving for a</font>

607
00:25:01,380 --> 00:25:06,480
<font color="white" size=".72c">house financing a child's education or</font>

608
00:25:04,020 --> 00:25:08,520
<font color="white" size=".72c">preparing for retirement when</font>

609
00:25:06,480 --> 00:25:10,260
<font color="white" size=".72c">pinpointing and prioritizing these</font>

610
00:25:08,520 --> 00:25:12,539
<font color="white" size=".72c">objectives you can customize your</font>

611
00:25:10,260 --> 00:25:15,480
<font color="white" size=".72c">investment strategy to accommodate each</font>

612
00:25:12,539 --> 00:25:18,360
<font color="white" size=".72c">goal's distinct time Horizon risk</font>

613
00:25:15,480 --> 00:25:20,100
<font color="white" size=".72c">tolerance and requisite Capital this</font>

614
00:25:18,360 --> 00:25:23,159
<font color="white" size=".72c">method empowers you to gauge your</font>

615
00:25:20,100 --> 00:25:25,400
<font color="white" size=".72c">process more precisely and fine-tune</font>

616
00:25:23,159 --> 00:25:27,900
<font color="white" size=".72c">your plan as circumstances demand</font>

617
00:25:25,400 --> 00:25:30,720
<font color="white" size=".72c">merging the utilization of a financial</font>

618
00:25:27,900 --> 00:25:33,120
<font color="white" size=".72c">vision board with goal-based investing</font>

619
00:25:30,720 --> 00:25:36,360
<font color="white" size=".72c">can create a formidable strategy to</font>

620
00:25:33,120 --> 00:25:38,940
<font color="white" size=".72c">actualize your financial aspirations the</font>

621
00:25:36,360 --> 00:25:41,640
<font color="white" size=".72c">vision board instills inspiration and</font>

622
00:25:38,940 --> 00:25:44,580
<font color="white" size=".72c">motivation while goal-based Investing</font>

623
00:25:41,640 --> 00:25:47,640
<font color="white" size=".72c">For furnishes a lucid structured road</font>

624
00:25:44,580 --> 00:25:51,539
<font color="white" size=".72c">map to reach your objectives</font>

625
00:25:47,640 --> 00:25:53,220
<font color="white" size=".72c">number 13 experiment with dollar cost</font>

626
00:25:51,539 --> 00:25:56,460
<font color="white" size=".72c">averaging</font>

627
00:25:53,220 --> 00:25:58,080
<font color="white" size=".72c">dollar cost averaging or DCA is a</font>

628
00:25:56,460 --> 00:25:59,940
<font color="white" size=".72c">disciplined investment strategy that</font>

629
00:25:58,080 --> 00:26:02,520
<font color="white" size=".72c">involves investing a fixed amount of</font>

630
00:25:59,940 --> 00:26:05,100
<font color="white" size=".72c">money at regular intervals regardless of</font>

631
00:26:02,520 --> 00:26:07,220
<font color="white" size=".72c">market conditions this approach helps to</font>

632
00:26:05,100 --> 00:26:09,720
<font color="white" size=".72c">reduce the impact of Market volatility</font>

633
00:26:07,220 --> 00:26:12,059
<font color="white" size=".72c">mitigates the risk of making poor</font>

634
00:26:09,720 --> 00:26:15,059
<font color="white" size=".72c">investment decisions based on short-term</font>

635
00:26:12,059 --> 00:26:17,400
<font color="white" size=".72c">fluctuations and eliminates the need for</font>

636
00:26:15,059 --> 00:26:19,020
<font color="white" size=".72c">attempting to time the market when</font>

637
00:26:17,400 --> 00:26:22,440
<font color="white" size=".72c">consistently investing over time</font>

638
00:26:19,020 --> 00:26:24,840
<font color="white" size=".72c">investors benefit from both upswings and</font>

639
00:26:22,440 --> 00:26:27,419
<font color="white" size=".72c">downturns as they can purchase more</font>

640
00:26:24,840 --> 00:26:30,179
<font color="white" size=".72c">shares when prices are low and fewer</font>

641
00:26:27,419 --> 00:26:32,880
<font color="white" size=".72c">shares when prices are high now one of</font>

642
00:26:30,179 --> 00:26:35,159
<font color="white" size=".72c">the key advantages of DCA is it helps</font>

643
00:26:32,880 --> 00:26:37,559
<font color="white" size=".72c">investors to overcome the psychological</font>

644
00:26:35,159 --> 00:26:40,020
<font color="white" size=".72c">barriers that can hinder successful</font>

645
00:26:37,559 --> 00:26:42,659
<font color="white" size=".72c">investing by automating the investment</font>

646
00:26:40,020 --> 00:26:45,000
<font color="white" size=".72c">process and focusing on the long-term</font>

647
00:26:42,659 --> 00:26:47,760
<font color="white" size=".72c">investors are less likely to be</font>

648
00:26:45,000 --> 00:26:49,799
<font color="white" size=".72c">influenced by emotions such as fear or</font>

649
00:26:47,760 --> 00:26:52,559
<font color="white" size=".72c">greed which can lead to impulsive</font>

650
00:26:49,799 --> 00:26:54,840
<font color="white" size=".72c">decisions this strategy also promotes</font>

651
00:26:52,559 --> 00:26:57,840
<font color="white" size=".72c">Good Financial Habits by encouraging</font>

652
00:26:54,840 --> 00:27:00,240
<font color="white" size=".72c">regular saving and investing fostering a</font>

653
00:26:57,840 --> 00:27:02,700
<font color="white" size=".72c">mindset of financial discipline and</font>

654
00:27:00,240 --> 00:27:05,220
<font color="white" size=".72c">patience to implement a dollar cost</font>

655
00:27:02,700 --> 00:27:07,260
<font color="white" size=".72c">averaging strategy investors should</font>

656
00:27:05,220 --> 00:27:09,900
<font color="white" size=".72c">first determine the fixed amount they</font>

657
00:27:07,260 --> 00:27:12,059
<font color="white" size=".72c">want to invest and the frequency of</font>

658
00:27:09,900 --> 00:27:14,640
<font color="white" size=".72c">those Investments they should then</font>

659
00:27:12,059 --> 00:27:17,159
<font color="white" size=".72c">select an investment vehicle such as an</font>

660
00:27:14,640 --> 00:27:19,679
<font color="white" size=".72c">index fund or an exchange traded fund</font>

661
00:27:17,159 --> 00:27:22,380
<font color="white" size=".72c">that aligns with their risk tolerance</font>

662
00:27:19,679 --> 00:27:24,900
<font color="white" size=".72c">and their long-term financial goals who</font>

663
00:27:22,380 --> 00:27:27,120
<font color="white" size=".72c">says you have to go all in remember</font>

664
00:27:24,900 --> 00:27:30,900
<font color="white" size=".72c">splitting your Investments across time</font>

665
00:27:27,120 --> 00:27:35,220
<font color="white" size=".72c">is the best way to invest period</font>

666
00:27:30,900 --> 00:27:37,320
<font color="white" size=".72c">number 14 automate your finances</font>

667
00:27:35,220 --> 00:27:39,960
<font color="white" size=".72c">automating your finances involves</font>

668
00:27:37,320 --> 00:27:42,360
<font color="white" size=".72c">setting up systems and tools to manage</font>

669
00:27:39,960 --> 00:27:44,580
<font color="white" size=".72c">and streamline various aspects of your</font>

670
00:27:42,360 --> 00:27:46,799
<font color="white" size=".72c">financial life such as savings</font>

671
00:27:44,580 --> 00:27:49,260
<font color="white" size=".72c">Investments and bill payments with</font>

672
00:27:46,799 --> 00:27:51,299
<font color="white" size=".72c">minimal manual intervention automating</font>

673
00:27:49,260 --> 00:27:53,820
<font color="white" size=".72c">these processes will help you to reduce</font>

674
00:27:51,299 --> 00:27:56,159
<font color="white" size=".72c">the time and effort spent on managing</font>

675
00:27:53,820 --> 00:27:58,380
<font color="white" size=".72c">your money minimize the risk of human</font>

676
00:27:56,159 --> 00:28:00,779
<font color="white" size=".72c">error and make it easier to stick to</font>

677
00:27:58,380 --> 00:28:03,120
<font color="white" size=".72c">your financial goals to automate your</font>

678
00:28:00,779 --> 00:28:05,220
<font color="white" size=".72c">finances start by setting up automatic</font>

679
00:28:03,120 --> 00:28:07,500
<font color="white" size=".72c">transfers from your checking account to</font>

680
00:28:05,220 --> 00:28:09,960
<font color="white" size=".72c">your savings or investment Accounts at</font>

681
00:28:07,500 --> 00:28:13,260
<font color="white" size=".72c">regular intervals such as monthly or</font>

682
00:28:09,960 --> 00:28:15,659
<font color="white" size=".72c">bi-weekly this pay yourself first</font>

683
00:28:13,260 --> 00:28:18,659
<font color="white" size=".72c">approach ensures that you consistently</font>

684
00:28:15,659 --> 00:28:20,539
<font color="white" size=".72c">prioritize saving and investing helping</font>

685
00:28:18,659 --> 00:28:23,039
<font color="white" size=".72c">you to build a wealth over time</font>

686
00:28:20,539 --> 00:28:25,140
<font color="white" size=".72c">additionally consider automating your</font>

687
00:28:23,039 --> 00:28:27,360
<font color="white" size=".72c">bill payments by scheduling reoccurring</font>

688
00:28:25,140 --> 00:28:29,700
<font color="white" size=".72c">payments through your bank or directly</font>

689
00:28:27,360 --> 00:28:32,220
<font color="white" size=".72c">with your service providers this will</font>

690
00:28:29,700 --> 00:28:34,620
<font color="white" size=".72c">not only save you time but also avoid</font>

691
00:28:32,220 --> 00:28:36,360
<font color="white" size=".72c">late fees and maintain a good credit</font>

692
00:28:34,620 --> 00:28:39,440
<font color="white" size=".72c">score</font>

693
00:28:36,360 --> 00:28:42,900
<font color="white" size=".72c">number 15 study the financial</font>

694
00:28:39,440 --> 00:28:44,460
<font color="white" size=".72c">Independence retire early fire</font>

695
00:28:42,900 --> 00:28:47,159
<font color="white" size=".72c">principles</font>

696
00:28:44,460 --> 00:28:50,460
<font color="white" size=".72c">so the financial Independents retire</font>

697
00:28:47,159 --> 00:28:52,200
<font color="white" size=".72c">early or fire movement is a lifestyle</font>

698
00:28:50,460 --> 00:28:54,419
<font color="white" size=".72c">and personal finance approach that</font>

699
00:28:52,200 --> 00:28:56,100
<font color="white" size=".72c">emphasizes aggressive saving and</font>

700
00:28:54,419 --> 00:28:58,440
<font color="white" size=".72c">investing to Achieve Financial</font>

701
00:28:56,100 --> 00:29:01,260
<font color="white" size=".72c">Independence at a relatively young age</font>

702
00:28:58,440 --> 00:29:04,080
<font color="white" size=".72c">now the core idea here is to accumulate</font>

703
00:29:01,260 --> 00:29:06,480
<font color="white" size=".72c">enough assets to generate a sustainable</font>

704
00:29:04,080 --> 00:29:09,179
<font color="white" size=".72c">income that covers living expenses</font>

705
00:29:06,480 --> 00:29:11,520
<font color="white" size=".72c">allowing you to retire early and pursue</font>

706
00:29:09,179 --> 00:29:13,860
<font color="white" size=".72c">your passions without relying on</font>

707
00:29:11,520 --> 00:29:16,080
<font color="white" size=".72c">traditional employment now this</font>

708
00:29:13,860 --> 00:29:19,020
<font color="white" size=".72c">typically is achieved by maintaining a</font>

709
00:29:16,080 --> 00:29:21,659
<font color="white" size=".72c">high savings rate often fifty percent or</font>

710
00:29:19,020 --> 00:29:24,899
<font color="white" size=".72c">more of one's income and investing in</font>

711
00:29:21,659 --> 00:29:28,860
<font color="white" size=".72c">low-cost Diversified portfolios to</font>

712
00:29:24,899 --> 00:29:31,860
<font color="white" size=".72c">maximize returns fire principles focus</font>

713
00:29:28,860 --> 00:29:34,620
<font color="white" size=".72c">on frugality intentional living and</font>

714
00:29:31,860 --> 00:29:36,539
<font color="white" size=".72c">long-term financial planning adherence</font>

715
00:29:34,620 --> 00:29:39,240
<font color="white" size=".72c">to this philosophy often cut out</font>

716
00:29:36,539 --> 00:29:41,820
<font color="white" size=".72c">discretionary expenses they optimize</font>

717
00:29:39,240 --> 00:29:44,640
<font color="white" size=".72c">their Tax Strategies and prioritize</font>

718
00:29:41,820 --> 00:29:48,240
<font color="white" size=".72c">Investments That generate passive income</font>

719
00:29:44,640 --> 00:29:51,299
<font color="white" size=".72c">such as index funds rental properties or</font>

720
00:29:48,240 --> 00:29:53,760
<font color="white" size=".72c">dividend stocks and there you have it I</font>

721
00:29:51,299 --> 00:29:56,460
<font color="white" size=".72c">like sir these were 15 ways that you can</font>

722
00:29:53,760 --> 00:29:59,820
<font color="white" size=".72c">increase your financial IQ now we're</font>

723
00:29:56,460 --> 00:30:02,520
<font color="white" size=".72c">curious to know where do you struggle</font>

724
00:29:59,820 --> 00:30:03,840
<font color="white" size=".72c">the most with your finances drop your</font>

725
00:30:02,520 --> 00:30:05,820
<font color="white" size=".72c">answer in the comments below we're</font>

726
00:30:03,840 --> 00:30:07,559
<font color="white" size=".72c">always curious to hear your thoughts and</font>

727
00:30:05,820 --> 00:30:09,840
<font color="white" size=".72c">who knows we might even make a video</font>

728
00:30:07,559 --> 00:30:12,120
<font color="white" size=".72c">that can help you even more specifically</font>

729
00:30:09,840 --> 00:30:13,980
<font color="white" size=".72c">and with all that being said let's wrap</font>

730
00:30:12,120 --> 00:30:15,659
<font color="white" size=".72c">up this video if you found this</font>

731
00:30:13,980 --> 00:30:17,580
<font color="white" size=".72c">information valuable don't forget to</font>

732
00:30:15,659 --> 00:30:20,039
<font color="white" size=".72c">return the favor by tipping us with a</font>

733
00:30:17,580 --> 00:30:21,539
<font color="white" size=".72c">like and a share and as always thanks</font>

734
00:30:20,039 --> 00:30:23,460
<font color="white" size=".72c">for watching Elixir if you'd like to</font>

735
00:30:21,539 --> 00:30:26,000
<font color="white" size=".72c">learn some more check out this video</font>

736
00:30:23,460 --> 00:30:26,000
<font color="white" size=".72c">next</font>