What You Weren’t Taught About Making Money | Sarah Potter | TEDxCollingwood
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- เผยแพร่เมื่อ 8 พ.ย. 2017
- What if making money was just like riding a bike? Where you get better the more you practise the skill. While you may be familiar with money preserving skills like ‘save more’ or ‘spend less’, Sarah Potter explores the myths and realities of what it is really like to build the skills to make more money, grow wealth and investing in the markets for average people. Find out why financial literacy is failing you, and how to change the financial narrative for the next generation. Sarah Potter is the author of How You Can Trade Like A Pro: Breaking into Options, Futures, Stocks and ETFs (Published by McGraw Hill) and founder of www.shecantrade.com
Sarah is well regarded as a trading and market expert and is well known for her trading consistency and straightforward options strategies. Her unique skill set, including her Masters of Education allows her clients to learn about trading markets and market analysis in a clear and understandable way.
Sarah Potter has both written for, and been featured in: Forbes.com, Tradestation, All Stars of Options, Traders Expo, Scotia iTrade, TheStreet.com, Yahoo Finance, AOL Daily Finance, Active Trader Magazine and more. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
*1). There is a money language - **8:52**, **9:35*
*2). It doesn't have to be full time - **9:46**,*
*( **10:07** )*
*3). It is a skill you can learn - **10:38**, **10:54*
We need this conversation now more than ever. The language of money creates a sense of not belonging, it creates a divide. There’s a need for more simple, plain language in the industry to make financial literacy accessible to all. Great talk!
I read the comments before I watched it. I found out that this is a good lecture, not bad at all. She makes investment reachable and approachable to all of us. Though it's not TED TALK quality, it should have been more thought-provoking than this but it's not that bad.
Her three takeaways are:
1. It’s a language you don’t know
2. You can spend your last week’s profits on a cup of coffee...congrats on the effort!
3. It’s a skill...you don’t have.
Be born into the right family, meet the right people, you'll do just fine.
Stupidest comment you could write man 😂
The talk is for newbies, not people who already understand the various forms of investing and strategies.
Start this as soon as possible...
1)Budget
2)Stay out of debt
3)Invest in diverse mutual funds not single stocks.
4)Be patient, this is going to take time
5)Look around when you're 50 something and notice you've got a house and cars that are all paid for, a nice chunk of liquid capital to cover emergencies, a fun fund and a nice term life policy to cover the unthinkable.
Thank you!! I’ve learned more in the one minute it took for me to read this than the 13mins I’ve wasted listening to her jibber jabberring speech of no substance! Thank you again Sly Foxx
If the public was actually educated in this subject then these investing entities wouldn't be able to fleece us as easily as they do now.
Save yourself 13 minutes.
Point 1 school fails to educate people on real world problems.
Point 2. Big wins don't happen over night take that steak and enjoy it.
Point 3 Making money isn't like building a house , blueprints just aren't available
Point 4 trading on the stock market doesn't take that much time.
Point 5 switching to Geico can save you 15% or more
Awesome
Thanks
Geico comment is funny. Timely; good humor.
Looooooooooool Geico
Thanks a lot, you have changed my life.
I share her view on avoiding all or nothing schemes. However I think she idolizes life as a "trader", not many people can live of it unless they got lucky/inherited or something. And what she will never know: If she spent the same about of time learning a profitable skill that the time she spent on "money making", maybe she would have made more money by now AND felt more satisfied about being useful to others. At least that would be the case statistically for more people than not. In the aftermath of the Icelandic financial crisis ten years ago there was a healthy discussion about whether it was wise for a country that its smartest youths educated themselves for "money making" working in financial institutions instead of engineering, medicine and such. Let money be a bi-product of success, not the other way around.
Ah man, I wish I read the comments first!!
I did and I must say to you... thank you.
Thank you for your comment! I read and ran. I trust the power of large numbers.
Saw your comment as I was about to start it and thank you for posting! That’s 12 minutes of my life I have saved!!!
This had a lot of promise, but basically turns out to be a soft sell 12 minute infomercial for her book.
_What You Weren’t Taught About __-Making Money-__ Daytrading_
It's up to you how to learn trading pal
Had I learnt financial aspects in school, I would have created fortune today. No doubt about it. Just started my journey on this path with gathering knowledge as first step. Hope someday I succeed
Sarah makes some excellent points to consider. She makes sense and it right on target with how the so-called teachers of investing are not getting the job done. Her credibility is outstanding.
there wasn't too much concrete info here but I still found value in it. just the overall idea that it can be done and it doesn't have to be all or nothing was motivating. good job girl!
Everyone who has been trading on the stock market since 2009 looks like a genius because it has risen at record rates for the last 8 years, largely because the Fed has been giving bankers almost free money. Someone needs to do a talk about how to protect yourself from the next economic down turn.
Why did my economics teacher assign this video as homework? It had very little to do with economics... All I got was, "You can make more money, too."
Hmm, this sounds like one of those inspiration talks... The message I received from this video is 1. you should start trading 2. trading is easy.
3. Trading stocks will make you money. (did she ever mention risk?)
If your interested in learning the skill set of investing, then I have a question for you.
Have you heard of these 3 books?
1 A simple path to wealth by Jim Collins
(He details a strategy of creating a series of delayed passive returns using broad base low expense index funds)
2 the intelligent investor by Benjamin Graham
(Explains the skills needed to become a good investor)
3 rich dad poor dad by Robert kiyosaki
(Great beginner book. A lot of it is about changing your mindset from scarcity to abundance & seeing the opportunities when they present themselves)
Agreed, don't waste 13 minutes watching this. She does not give any advice or refer to materials you can read for yourself. All she says is that she does day trading and you can too.
well i guess you're part of the 76%, good luck
@@mrpots4318 lol 95% of day traders fail. Of the successful portion, there are only around 1% that are predicatively profitable. Unless you're like the speaker and you can convince people to pay you to tell them "how to be successful" day trading. She's making far more off speaking and writing than she is off the market.
@@macgyver2169 well good luck to you as well
@@mrpots4318 It's not an insult, just statistics. In almost every scenario, bull / bear markets, a range of mutual funds will nearly always beat a day trader and make them a nice fortune over the course of their career. It's sad that the school system doesn't teach safe / smart investing. 401k's / IRA's should be thoroughly understood before graduation. These have proven over decades to net higher yields and be extremely safe.
@@macgyver2169 Well possible tho, guess i'm with the lucky trader.. yes school don't want us to learn something like that
If everyone could do it, no one could. If everyone could make money without doing labor, no labor would get done and no wealth would be created. Someone has to do the work to make the things we buy with the money.
There is a big difference when you produce an item/service and sell it for a profit.
Trading is trying to profit without ever producing anything.
Sarah, you are one of my trading heroes! I have your book, listen to your podcasts, and follow you online. Thanks for demonstrating that making money is not just for the rich Wall Street types. Keep up the good work!
Oh, is that what she was trying to say. Ok. Thanks.
Empowering. Thank you Sarah 🙏🏼
Thank you for identifying the problem, now what is the solution?
I am college student and been trading about 6 months. I have been developing my knowledge and discipline in stock market. I got to a point where I feel I can't make trading as full time jobs, and investment is boring. But u inspire me to listen to my inner voice of being full time trader thank you madam.
Tenzin Tendar - do it as a side hustle and it will take take less than an hour a day. Identify 5 volatile stocks - that move up or down frequently within a .50 to $1 in the $13 to $30 per share range. With 100 shares, you can easily make $100 per buy/sell in a short period of time - sometime it's as little as 24 hours. Look for a stock that's moves up and down frequently in a days time but remains relatively stable over a longer period.
I am trading in India, so it's in rupee. I definitely want to earn in dollar
Tenzin Tendar - I didn't remember that comments come from all over the world on TH-cam. Thanks for reminding me😀
I LOVE THIS ITS A GREAT WAKE UP CALL TO STOP IDEALIZING THE FANTASIES THE WORLD TRYS TO SELL US ABOUT EVERYTHING THIS JUST FOCUSES MOSTLY ON FINANCIAL SUCCESS
The only lesson I learnt from this video is to read the comments first... What a load of hot air
Thank you all for your excellent comments, I have avoided losing 10 minutes of my life by stopping it at 5 minutes.
Thanks for the shout out!
Thank you for the great information. School hasn't been targeted to drive children towards success. It is more accurately driven children to conformity in society. Very rarely does a school with class sizes of 20+ have the resources to teach 20 different learning styles and avenues for financial success, unless people want to pay a lot more in taxes/tuition. This has, and for the foreseeable future, will land on the parents' plate of responsibility. It is one reason why the wealthy get wealthier and the poor stay poor. I only learned about wealth because my father was a real estate agent and worked for wealthy people. I continued my own education by taking Finance in college. It takes a lot to learn how to make money and how to make your money make money. The stock market is one way for sure, but there are others that aren't even touched on in the talk (real estate, business investment, micro loans, etc.).
Even the word "trading" sums-up fast-paced moves, blips and bloops, fast ups and downs. Making 10 percent in one day and so on. Making 10 percent a year is a very good return, for the most part, better than just about any bank or bond right now. The benchmark we should use when investing/trading/ect is what are banks paying in interest?? What is the regular stock averages doing and what are bonds doing??? If we can beat those rates with our own stock moves, then we are beating "the market." But then again, if we take a loss, we might be able to shrug it off especially if we are in the game; but a friend who isn't used to the moves of stocks hears about the loss and they freak out, afraid of ever investing or trading because they don't want to lose any money at all. "If you can't accept losing, you can't win." Vince Lombardi--a wise sage.
Powerful Speech!!!Thank You Sarah Potter
shes a treat to the eye and the mind
Great presentation. Thank You.
Thank you this was exactly what I wanted to hear/learn. Despite all of the negative comments I found this really good if you never invested anything. The message you can do it too is very important. At least for me...now..thanks thanks keep up the good work
Everyone's an expert in a bull market :-)
my shoeshine boy is the best stock analyst at the peak of the market. Lol
And every day trader is an expert trader :-)
Omg! All these comments! The message was that anybody can learn the skill needed to trade. That the language is needlessly complicated. It's like you can't be your own lawyer because the system is setup that way as to complicate every little thing. But it doesn't have to be that way. That's the message. I felt it was more directed at women, especially the ones that stay at home with their kids. It spoke to me.
Anyway, the title , as I understood it, 'what you weren't taught about making money' - is that it's simpler and more attainable than you feared.
why TED is even allowing these kind of timepass videos at all. they'll lose quality on quantity if they keep doing it, and its value too. many people are realising now!
This is TEDx and not TED. Those two are different. Look it up.
I liked this video! Thank you!
My math teacher assigned me too this video and asked me 10 in depth questions about it, ive literally never wasted more time in my life. I just had to repeat everything this video did, and it had no value to me learning mathematics at all
Why would your math teacher tell you to watch this video?
I'm a Candian born man and I immigrated to the United States by a career / job, Presently Living on the west coast USA the richest capitalist country in the world. I had a psychological block about investing and trading perhaps because I lost a lot of money in the crash of 2008, just because I parked my money in mutual funds without protecting my money.. Now, I am starting to rethink about becoming a trader/ short term investor. I am retiring soon ,but I don't have a private pension, only the gov't tax deferred savings plan. Now, I am more accepting of investing and trading my money and about removing my psychological block. And with the right positive mindset and practical skills of a trader, I believe I can make my 💰 money grow! And anyone can! P.S. You might know Teresa Lo, she was a successful trader in Vancouver.
Brilliant talk. She focuses on having a clear idea of value rather than simply counting dollars and cents, which I think is a great approach.
Ĺl
Agreed. Just because you make profits doesn't mean you should go buy coffee or go out to dinner. According to more experienced money mangers you should budget your spending and investing. Investing monies are for investing. Re-invest your profits and continue growing your holdings. That disposable income is for coffee and dinners at the restaurants. However, once that money is exhausted, one must wait til the next month or replenishment of those funds.
Must have a balance between living frugally, investing safely for retirement [A, B, or C funds for instance...and how to recognize signs it’s time to switch from one to the other], simple savings, careful spending, avoiding using credit as much as possible. And nope...not one thing about this was learned in school, and very very little from parent units.
She said kids need to learn compare/contrast, and discernment...kids sure do need that! Kids also need to learn real math, real grammar, real spelling, real punctuation, how to write a check, balance a checkbook, real-world applications for the core courses kids need to be really learning in school.
That doesn’t appear to be happening much. She’s right...most average people could do all that, IF they had information HOW.
Real problems can happen though, if politicians get away with destroying Social Security, expecting people to survive into old-age, cut-off from the established Social Security system, to fend for themselves, without that knowledge and ability to use it for a lifetime....the knowledge and practice needs to come FIRST. The real problem with Social Security and Medicare is that gov’t has been pilfering the funds for years, and failing to replace them; now it’s dwindled to dangerous lows, such that it’ll take some miracles to restore....that’s likely the real reason for some pushing for “privatization”. Privatization has consistently failed to provide better service or lower prices, on every system it’s been done to.
Every time I see “Privatization” I think, “Profiteering at everyone’s expense”.
Savings and investing guidance needs to start as soon as a kid has an allowance, in small ways to start, so they can get a taste for it, and learn how to do it fairly safely/conservatively, and only using finds they can afford to lose, on riskier investments. Common sense.
I really thought you were going to teach us something!!! Boo!
Did you know even Warren Buffet started as a Day Trader until growing his $$$ bigger. Then he used his gains to also do longer time holds.
Bị nghiện bài này từ thời Bảo Thy, ko ngờ lại có ngày được nghe idol mới trong lòng mình Đức Phúc cover lại. Cảm ơn em ĐP vì đã cover lại lắng đọng cảm xúc như vậy
Trading in equities os a short path to a quick death. Investing, on the other hand, allows you to sleep at night, knowing ALL your invested money is working to grow your wealth.
TED PLease add the state and country these tedx city talks are in. Thanks
4 minutes in was enough. Glad I looked at the comments. Until we realize how society, books, movies and fairy tales promote the attitude that only the poor are noble, then we are not going to get very far with our money.
This video had no useful content whatsoever. It was a feel-good talk around the subject.
hahahahahaha yeah ^_^
Shall wde use the word rhetoric.
Unfortunately that is what I have to think very often when women write on the subject of money
What is the message of this video?
Wasting all your money
When the guy with the $5000 asked her how to double his money, she should have said for him to find a stock, ETF, or mutual fund that has an average annualized rate of return of at least 10% over the last 40 years, then put his money in that and wait for 7 years (less if he is reinvesting dividends, and even less still if he is putting in additional capital over time). That nonsense about not worrying about double ones money and just going out to eat with the family instead of worrying about making money in that situation made me want to scream!
Ah yes, trading! The art of taking out of a system without putting anything in. And her coffee wasn't free, she probably spent untold hours, and luck, getting that profit. You'll have my respect when the get something because you gave something.
Not sure I understand all the negative comments. It's a TED talk its meant to be superficial and a bit motivational.she gave areally good insights school does not teach you how to make money,but more how to save it and manage it.
telling investors to sell as soon as they make a little profit and use the money to take their family on vacation is TERRIBLE advice. Keep the money invested, you future self will be thankful. Constantly buying and selling comes with so much friction cost. If you want to take a vacation save for it in your checking account then pay for it in full without using a credit card.
This really seems akin to having a small-sum lottery winner on to talk about how to make money buying lottery tickets. Once you win just spend your earnings it's so great! She's benefited from trading in a bull market (long period of steady growth), but her only real information is to improve your financial literacy. Look pretty much anywhere else and you will find basically three tips:
1. Track and control your expenses (i.e. don't live beyond your means, and avoid lifestyle creep)
2. Pay yourself first (i.e. put a set % of earnings into savings / diversified investments)
3. Diversify your assets (i.e. Split your investments across different sectors/markets/etfs/etc...)
Of course all those apply to a passive investor, but I think that's who she's trying to target with this speech, people with relatively low financial literacy. For anyone trying to become an active investor (i.e. day-traders) there are way better resources out there.
God bless u take care dear ..... Rohit Goswami Delhi
I dont know why so many down votes since I absolutely feel that video was very helpful in guiding the beginners well... I thank you so much Sarah for your thoughtful insights on how to begin the trading!
Take care and God Bless you all :):)
jagdishwar rao. i felt the same, she is probably starting out with her points of financial comprehension and targeting her beginners market 31 and under years to retire ?
jagdishwar rao Work is work strike one. And as far as I’m concerned, how many teds talks will she have in her portfolio before her commenters do ? will the others do any teds or books ? any of her down votes master some of their own orientation or self help, goal setting, mentoring motivational skills going ? Public ally speaking ?
71% of Americans find it difficult to talk to a financial planner... erm, how many Americans actually have one? I would wager that its a small overall percentage based on the people i know in middle/lower classes.
Great point!
71% of people who have financial planners cannot discuss finances, doesn't that make sense?
Namaste
Investing in IPO’s is one way in which investors can grow their money well.
For instance when Amazon floated an IPO, each share was priced at $18. It currently
Trades at $3100.
Thanks
The reason why her daughter will never learn aboit this at home is by the time her mother gets to the point not only.her daughter but her audience fell asleep.
Not only is there next to no information given about how to make money but the little bit of information that is there would likely prove disastrous for most new investors.
I am a everyday person and a FOREX trader. Why is it wrong for an individual to do what banks and other institutions do to grow money. The comments here are confusing. Not the most insightful talk but this is a skill we should all have in our arsenal.
Did anyone observe that all the people appreciating wrote at the same time. These guys must be the well wishers of the speaker. While the intentions were good nothing fruitful was told.
I believe that dispelling the myths that we have culturally propelled around making money is relevant to all of us. Developing the skill of making money is a great idea - one doesn't need to be on Wall Street to trade or learn how to invest. What do you do to help the next generation (or any generation) learn how to make money?
It easy for her to say this during a Bull market. When the market crashes she will be singing "Buddy Can You Spare a Dime". ...and saying that "We need to teach our children NOT to to gamble in the stock market".
LOL. We make money if the market goes up or down. It is simple and easy. Just no one teaches the public how. After all, the ones in the know do not want the others to know what they do. Like most things in life. Fortunes are made when a market crashes and then again when it starts to recover. Even through 2008, 2009, 2010. Knowledge is power.She will be just fine when the market does its next correction no matter how big or small it is.
Market ussually rebounds though. So if you don't need the money right away, which you shouldn't invest with money you need short term then yea. Then you're in trouble.
Did anyone get anything from this? If you did, can you tell me?
Her point was that the educational system does not teach us about money, and investment advisors teach us to save and be frugal (budget). She did not learn to "make "money until after her second child was born. Her talk is a call to make yourself financially literate, to "make" money vs. save and be in a constant state of self denial.
At 1% interest, your bank account will double in 72 years. This is called the rule of 72. at 10% interest, it will double in 7 years. If you are not financially literate, the only way you "make" money is to constantly add to your investments. If you invest more aggressively, your money can grow on it's own, and throw off income that can buy you coffee - and more. FYI: I am an active investor and invest in dividend and growth stocks.
Alan Chenkin so where can one learn the basics in becoming financially literate? My kids rec a house as an inheritance? Wht can they do with it?
Money is both an asset and a tool. Becoming literate about money is to learn everything you can about saving, earning, and using money to achieve your goals. Listen to Radio shows like Dave Ramsey, Books by Suzie Orman, and talk to financial professionals - not insurance salesman, but accountants, lawyers, and Certified financial planners, BEFORE you make any financial moves. If your kids have an inheritance, they need to seek out professionals and learn what options they have, liquidating it, renting it, tax consequences, etc. If they turn it into cash, they need to learn how it can be an income they won't outgrow. Best of luck.
That trading is a skill that can be learned and you shouldn't go into the market with unrealistic expectations.
Well said, many people i believe are expecting some magic way of making money (like the lotto) and they are disappointed when they listen to the talk, this is a pragmatic system of working the stock market, and as such I think it has worth. It may not be the way that people like to play the stock market but it is one way, and can be successful. Giving money to stock brokers and hoping for the best is not the most prudent method of managing your money imho,
Being successful and being confident is not the same notion. When parents don't teach children how to manage time and money, the parenting is in a big question. Doomed for unsuccessful and unconfident kids. More importantly, parents need to teach themselves and children why money is needed to make things go around more smoothly than without. The reasons and motives must be right, foremost.
At least Parent or teacher should teach basic skill such as making your own time table and schedule because making this is more scarier than Horror.
Trading as artful as Dodger. Well done!
Good job.
What we weren't taught about is that banks make money with an endless supply of credit ! and its impossible to pay all the debit !!
The title should be "What you weren't taught about making money you won't find here ".
You gotta love it when they use statistics and percentages to play on your fears ..
I'm surprised this is such an unpopular talk. What she says is very TED and she's right: we could all do with more financial education.
Plus it's not a book plug - I may have missed it, but she doesn't mention her book anywhere.
Great
She gave the clue, the pathway. Yes she didn't give away her inner secret but the word is "trading". Well it could had been a few seconds video but like Hollywood it had to be a full-time movie.
If everybody watch this video, we won't be able to make money. To earn money, you need people losing it on the other end.
So the way to make money is by not to do and to confine on the least while trying to enjoy it? Thank you! I am fine with my 9-5 job.
De ja vu , i gotta feeling i already saw this but the problem is i used to have another google acount and no idea what it was called years ago, also watching ted talks was an addiction for me back then same as now but i have no intention of stopping when it comes to ted talks lol
It is replacing my Nokia 1011.. the oneplus would make watch your channel on my phone significantly more easy....
Wonderful
Ahh man, I’m reading the comments as I watch this video...... I ... must.... stop.... watching.... but ..... I just...... can’t ... stop!!!!
Risk 1% on a trade to make 3%. Look for the trading patterns like iron condor to know when to start the trade. Set the stop loss so you lose the 1% or trade out at 3% gain. Its that easy.
Its so easy in fact most day traders lose money. But thanks for the certain cash grab hot stuff.
Convince regular people to start trading so that trading companies and funds make more money out of it...
Reg pep?? Hard/expensiver to do taxes also a great quick way to get "feel" was message boards but they blew them up by popular resistance. Face it comm is a POWERFUL tool.
And don't worry about learning the terms and vocabulary of the financial world...just a waste of time.
good talks. like it
Money saved is more important than money earned. Invest only in dividend paying stocks. Start saving and investing now.
cant understand the negative comments on this, for me it was a good one. I am a hobby trader and it changed some things about the most important field. Mindset. Thanks.
The problem is how all she says in 12 minutes is: "I trade. And so can you"
Its not very informative and doesn't really do anything. The way she talks about it too is a bit suspect. Keep in mind I'm also a hobby trader. So it's not because I'm dunking on trading. It was just genuinly not a very good talk.
I've noticed that most of the TED talks lately are worthless wastes of time...
Brian Dietrich TED x is my bane
Yup. Retrain youtube to show you TED talks, and not TEDx talks as they are typically veiled marketing or advertisement.
Thank you. I thought I had begun to sense a general theme of "look at me, I'm giving a TeX talk to make money, and now you can too, if you only believe in yourself!" Extra thanks for the metaphor of youtube watching us and learning, what?, the average intelligence of viewers? (Let's do better.)
YES! Why are TED talks so revered? It's like I'm in the Twilight Zone.
You're right. They often have tempting titles but don't deliver. Just more click bait.
Is it me or this was a real waste of time...
Probably the dumbest ted talk that I have ever wasted time on! She didn't talk about anything involving the stock market or even things about dow theory that helps makes sense of the stock market. She didn't talk about how inflation makes saving your money a bad idea so you should invest instead because on average the stock market always goes up. She just said stock trading is easy and repeated that for the next 12 mins. She makes way too many generalizations to provide any useful information at all.
A ton of money is $128 million (a pound of 20s is $64K)
We need more information everywhere... provides no information. Yai yai, give me something I can use.
Totally agree that financial education is needed in the mandatory school program anywhere in the world. Although we all know why it isn´t.... It´s not good for some that everyone knows how markets and entrepreneurship works. I think one important thing she forgot to mention is tha society bias where it is belief that people which want to make money are bad people. It´s crazy the amount of people that frawn upon the ones that have the financial wealth ambition! It would also have been nice if she had explained if she was a day trader, swing trader or more long term investments. Because it is totally possible to double your money. I mean the money you invest, which I hope are not your life savings..The timeframe and the asset class is the important question for how to try to double it. Look at the FANG, in each of them, invested in the right time you could have doubled your money... Look at crypto.
Infomercial stops at 12:20
How to get money out of thin air.
Financial markets are castles In the clouds, with no solid bind to earth resources and natural law economics.
Informative n interesting talk . Thank you, bless you. All your dreams come true.
This is so perfectly attacking the educational system. Though it doesn't provide any guide on how to invest in the market, it does tells us how our educational system is not teaching the things that ought to be taught to the general public.
I am disappointed, like many viewers, I wondered - what is the message, what is the point? Getting "educated" in investing? Saving money for the hard times? Or is it a description that we do not have enough financial training in schools? If someone can explain the message, I would appreciate it - I am a college graduate - post grad actually but this is a TEDx Talk - supposed to be succinct, brief, "to-the-point" message, Thank you, Ciao, L
Spending money on small indulgences can be good but, a better answer is for them to buy a coffee machine and it will pay it self off in a year if you drink coffee everyday. You may say to yourself a $2-4k coffee machine is outrageously expensive but think about how much money you give to Starbucks or etc. You can do it yourself with your own two hands.
Why this talk was not deleted from ted and other more important have?