Monday, April 30, 2012

25 Killer Khan Academy Videos for Personal Finance Geeks: Part 1

25 Killer Khan Academy Videos for Personal Finance Geeks

April 24th, 2012 by Staff Writers

According to an article from, Khan Academy is host to more than 3,000 video lessons that touch on everything from humanities to test prep, but a particular strength of the site is its personal finance videos. Covering everything from the stock market to payday loans and estate taxes, the site has a lot to offer in the way of personal finance learning. Although some of these videos go over basic concepts, we're sure that personal finance geeks can truly enjoy the wealth of knowledge available from Khan. Here, we've hand-selected 25 of the most impressive personal finance lessons that Khan Academy has made available.  Below are suggested lessons 1-5:

1.What it means to buy a company's stock
When you invest in the stock market, do you really know what you're doing? Watch this video to better understand what it means when you buy a company's stock.

2.Payday Loans
Payday loans are an amazingly easy and dangerous way to get into serious financial trouble. This video breaks down the math of incredibly high interest rates and explains exactly how these risky loans work.

3.Personal Bankruptcy: Chapters 7 and 13
When things get really bad, bankruptcy is a difficult but valid option. Explore exactly what Chapter 7 or 13 bankruptcy might mean for you through this video.

4.Ponzi Schemes
We've all heard of the famous Bernie Madoff Ponzi scheme, but do we really know exactly how it all worked? Watch this video to understand what happens in a Ponzi scheme, and how you might avoid getting caught up in one yourself.

5.Mortgage Interest Rates
Watch this video to find out how mortgage interest rates are quoted, and how those rates impact how much you'll pay in interest, as well as how rates impact your monthly payment.

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