Tuesday, September 14, 2010

Educate Yourself on the Property Conundrum

We need to educate ourselves about financial matters to avoid getting into the kind of debt we have seen in the last few years.  That is, educate and avoid bad debt and the need to erase debt in the future.  

I found this easy to understand video on the property conundrum  - understand the housing bubble..

Here you will find on the Khan Academy follow up video - it is easy to see why the recession happened!  We called them NINJA (no income, no job) loans.  The third video....and there are more but it gives you a good idea of what went wrong.

Salman Khan is a former hedge fund manager with a desire to educate on finances.  This is a selection of his bite size videos.  Great work!

The idea behind Khan Academy is to provide a “world-class education to anyone, anywhere.” Khan has been praised by Bill Gates, who, according to a CNN Money article, uses Khan’s videos to help his children with their homework. Khan offers more than 1,600 videos on a number of subjects, including finance. There is also an exercise dashboard with sample problems and formulas to help you out. You can also make use of a knowledge map to plan out your course of study, or look at a progress report




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