In this video we discuss the vocabulary used in the purchasing of a home. Understanding what the words mean, will help you understand the process and minimize the stress involved in such a major transaction. We…

Lesson 8.1 Find a Place to Live we discuss the following vocabulary Apartment, Tenant, Landlord, Lease, Expire, Evict, Furnished and Unfurnished, Single Family Home, square footage and security deposit. We go over some examples on what…

Chapter 3.4 Explore Compound Interest – In this chapter we begin our exploration into the magic formula for making the rich, rich. It is not much of a secret, it’s just math. Compound interest is when…

In this chapter we talk about the different aspects of a savings account. We define minimum balance, interest, money market accounts, principal, certificate of deposit, maturity and discuss how to use the simple interest formula. This…

In this section we will reconcile a checking account with a bank statement both by hand and using a spreadsheet. We define account number, bank statement, statement period, starting and ending balances, outstanding deposits, outstanding checks,…

In this lesson we get a basic understanding of how checking accounts work. We define words like checking account, EFT, hold, insufficient funds, overdraft protection, ATM, PIN, maintenance fee, interest, single & joint account, check register,…

In this chapter we discuss Social Security, Medicare, FICA and Social Security numbers. We learn to calculate social security tax and medicare tax from an annual salary. Hopefully you get an introduction to these two mandatory…

This chapter covers employee benefits. We discuss health insurance, retirement plans, paid vacation time, pensions, unemployment and workers compensation. We work through a few problems to put some of the theoretical principals into practice. The objective…

Chapter 6.3 Commissions, Royalties, Piecework Pay – This chapter we discuss what I feel to be the best way to earn money. They sky is the limit on what you can earn in this chapter. Sales…