25 Killer Khan Academy Videos for Personal Finance Geeks
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.
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.
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.
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.
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.
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.
IRAs are a great way to save for your retirement, but there are two types of accounts: Traditional and Roth. This video explains how Traditional IRAs work.
A partner to the previous video, watch this one to learn about the details of saving for retirement with an after-tax Roth IRA account.
Very similar to a Traditional IRA, 401(k)s are another vehicle for retirement savings and investment. Check out this video to understand how they compare to both types of IRAs.
We’ve all heard that time is money; this video explains just exactly how that works. Watch to understand why the timing of money is just as important as how much money you get.
Unless you’re wealthy or frugal enough to buy a house with cash, chances are, you’re going to have to take out a mortgage loan at some point. Before you do, watch this video to get a brief introduction and explanation of mortgage loans, including principal, interest, property taxes, and tax deductions.
Interest rates are an important part of finance, impacting your money each time you make a loan, or give one, even in the form of a savings account. Check out Introduction to Interest to better understand this topic, and specifically learn about the difference between simple and compound interest.
If you’re researching your options for life insurance policies, this video can help you determine whether you should get term, whole life, or a combination of the two different policies.
A continuation of the previous video, Term and Whole Life Insurance Policies 2 discusses what exactly happens when someone dies, and it’s time for a cash payout on a whole life policy.
One of the darkest subjects in personal finance, this video discusses your chances of dying as they relate to getting term life insurance.
If you’re interested in starting an investment with open-ended mutual funds, this video can provide some education, sharing the basics you need to know about mutual funds.
Home equity loans can be a great financial tool for homeowners when used appropriately. This video shares a simple example of borrowing through a home equity loan, explaining how it is used to fuel consumption.
Is it always smarter to buy a home than rent one? This video puts hard math to work to challenge that notion, and shows examples of situations where renting makes financial sense.
The second in this series, this video builds upon part 1′s idea that renting is a good idea in some situations, and takes things a step further by factoring appreciation and depreciation in the decision.
Yet another video on the financial impact of renting vs. buying a house, this video offers a detailed analysis of the big decision.
So, how much of your money really goes to taxes? Check out this video to better understand how a marginal tax rate applies to your personal income.
It’s been said that nothing’s for sure but death and taxes; this video combines the two. Watch Estate Tax Basics to get an overview of the inheritance tax, whether you’re a recipient or saving for the future.
The housing market of 2000 to 2006 saw an astronomical rise in prices, but classical economics tells us that this never should have happened. The Housing Price Conundrum discusses how exactly housing prices reached the levels they did, despite going against the laws of supply and demand.
Building further on The Housing Price Conundrum, part 2 takes a look into how lower lending standards led to an inflation in housing prices.
When you spend money, are you making an investment, or simply consuming? This video helps to explain the difference between the two types of spending.
Another video on the difference between investment and consumption, this one shares a few more examples of the two big ways to spend your money.