126: 16 Money Skills They Didn't Teach You In High School with Scott & Mindy

May 25, 2020

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Financial Education is so important - but so many people are graduating high school without the basic skills to make informed decisions.

Today, Scott & Mindy sit down to share some of the big money moves you should make - as well as some of the big money mistakes you should avoid.

These are the tips you didn't learn in high school. From choosing a major wisely (or even deciding if college is truly the right choice for you) to paying for college, to truly understanding just how much it will cost you to pay back your student loans, the decisions you're making now, entering college, are going to affect your financial future for years to come.

They also discuss relationships, and how those can also have a huge impact on your finances.

Other big decisions you need to consider include how and when to get a first credit card - and how to use it properly to improve and increase your credit score.

Scott & Mindy also dive into just exactly what a credit score is - and how its far-reaching influence can affect your job and housing.

Scott also shares his unique views on wants and needs - and how to minimize the costs of the needs so you can afford a few wants.

This episode is a great intro to financial education for young adults who are eager to make excellent financial decisions and put themselves on the path to freedom.

In This Episode We Cover:

Decision-making process after highschool
The difference between subsidized and unsubsidized student loans
The importance of calculating total student loans
Everything you need to know about credit scores
The difference between good and bad debt
How relationships impact money and the importance of prenup
Wants vs. needs
Roth IRAs, traditional IRAs, and 401(k)s
How to set up automatic investments
And SO much more!

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