40 Financial Terms You’ll Use Every Day | Financial Literacy [Video]

You will use these terms in your life everyday once you understand them! These are terms that have helped me better understand my own finances as well as what’s happening in the business world. These are just the start, and if I missed any particular terms you want to see in a future video, let me know in a comment!

Videos I mentioned to watch next!
1. How Tax Brackets Work: https://youtu.be/HLDS4uDi5gE
2. 529 College Savings Plan: https://youtu.be/DkYwmYFH3pQ
3. Taxable Brokerage Account: https://youtu.be/udIhZUOEbOk
4. Index funds vs Mutual Funds vs ETF’s: https://youtu.be/hVhHnTN50EY

⏱Handy Timeline:
0:00 Intro
0:12 Contribution
0:32 Returns
0:56 401k
1:23 Gross income
1:43 Net income
1:52 Compound interest
2:18 Financial freedom
2:58 Down payment
3:44 Tax deduction, tax write off
4:00 Tax credit
4:31 Mortgage
4:46 Bonus term: term
5;15 Amortization
5:46 401k match
6:44 Asset
7:07 Liability
7:23 IRA
7:59 Roth IRA
8:48 Traditional IRA
9:53 Net Worth
10:43 Equity
12:10 Marginal tax brackets
13:29 Principal
13:52 Interest
14:35 529 college savings plan
15:30 Active portfolio management
15:59 Passive portfolio management
16:32 Asset allocation
17:12 Required minimum distribution
18:03 Capital Gains
18:55 Certificate of Deposit
19:34 Dividends
20:51 Index fund
21:41 ETF
22:25 Expense ratio
23:27 Health Savings Account
25:23 Inflation
25:55 Vesting Schedule
27:14 Refinance
28:06 Target Date Fund
29:53 Taxable Brokerage Account
31:22 Want more?

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Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!

Updated Acorns Affiliate disclosure as of 4/9/24:
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at https://www.acorns.com/brendan/ and Acorns.com.