Personal Finance Lessons

How interest works | 17:53

Description: This personal finance lesson discusses interest, the grease that enables the gears of modern finance to turn. With a history nearly as long as humans themselves, interest has at times been completely outlawed, with the crime of lending money at interest punished as harshly as violent crimes. As this lesson points out, the key is to always seek to earn interest, not pay it.

Lesson Highlights:

  1. History of interest
  2. Usury & controversy
  3. Simple vs. compounding interest
  4. Rule of 72