Debt 101 - Mortgage, Auto, Credit Card Debt - Personal Finance Series

BrainyMoney And Son Han, CFA,CPA, Personal Finance Made Easy!

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18 Lessons (55m)
    • 1. 01 Intro to Debt Financing

      3:08
    • 2. 02 Define Debt

      2:04
    • 3. 03a Incentives for Banks MP4

      1:48
    • 4. 03b Incentives for Banks Explained

      5:31
    • 5. 04 Credit Card Pros and Cons

      2:29
    • 6. 05 Credit Card Compounding Interest

      5:29
    • 7. 06 Promotional Interest Rate Comparison

      3:22
    • 8. 07 Credit Card Takeaways

      1:36
    • 9. 08 Auto Loans

      3:06
    • 10. 09 Auto Loan Amortization

      5:14
    • 11. 10 Cash Back or 0 Percent

      4:03
    • 12. 11 Home Mortgage Intro

      3:15
    • 13. 12 Understand Mortgage Inputs

      1:24
    • 14. 13 Understand Mortgage Outputs

      3:32
    • 15. 13a Total Investment in a House

      3:41
    • 16. 14 Mortgage Conclusion

      1:17
    • 17. 15 Int Rate vs APR

      0:59
    • 18. 16 Outro to Debt MP4

      2:49
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About This Class

It is important to watch the entire lecture series on Personal Finance to guide yourself to financial freedom:

This class is built for you to understand different types of debt financing. 80% of Americans have debt and that's another reason why this class was created.

We will dive into the following types of debt:

  • Credit Card Debt
  • Auto Debt
  • Mortgage Debt
  • I am creating a separate class for school loan debt as this is a complicated subject

Like all of my classes this is interactive so you'll be working on the attached spreadsheet to learn how:

  • Daily compounding interest works on credit cards
  • Loan amortization schedules work for both auto and home loans
  • Be able to decide if a cash back or 0% interest financing offer is better for cars

At the end of this class you will:

  • Understand banks' incentives for you to get a loan (they make a lot of money off of you)
  • Understand how the different types of debt financing work - credit cards vs. auto loans vs. home loans
  • The Pros and Cons of each type of debt
  • Myths of Personal Finance 
    • Do you really own your home?
    • Do you have to keep a balance on a credit card to build your credit?

I hope you enjoy my class as this is my dream job! Helping average people like you and me control their finances, earn their financial freedom and live a stress free life!