Finance for Everyone: Smart Tools for Decision-Making | MichiganX on edX | Course About Video

Finance for Everyone: Smart Tools for Decision-Making | MichiganX on edX | Course About Video

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they grew up in India and dad was in the army and he moved around a lot in Revolt range my parents decided to send us two warnings because education was the way to move on education is a huge upfront investment in the person for a lifetime I'll tell you the what what really shocked me and this is very state with me for a long time I one day saw the bill or the invoice from my school for my brother and me and they were spending 60% of their income combined on the truth that alone made makes you realize one thing but their financial decision was was very simple they weren't looking for money directly they weren't thinking how much we would do office world they were thinking of the value that investment worth and that's what finances all about I wish I knew fulness because I would be able to sit down and figure it out for yourself and put some numbers that estate within me maybe perhaps that's why I got interested in finances because it's about choices tough choices on a more emotional Lord I wish more people invested in education and that's one of the reasons why I'm teaching this class do is through Finance you want the value of the birth of education so it's serving many purposes to me that's a very powerful example to be honest was not by cheating but it was not like buying a shirt my father didn't have a car till he was 55 he was often asked how come you're a colonel in the Army you don't have a car and he said this he said I have two cars they are parked in the boarding school haven't they're growing very well I thought that was so sweet he wasn't saying he's making a sacrifice he was actually saying he doesn't need a car and he would rather spend the two or five so Finance is the study of time it makes you evaluate costs and benefits spread out over time and that's why it's very useful later on in life because what life is is about making small decisions that becomes more and more complicated that's that in essence is what it's all about the beauty in that example is both about a tough decision and how you can understand it using from answer because it's a trade-off over time it's trade-off about values it's not about money so it reflects a lot of interesting things including two cars you

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