EDUC 639 Week 4 Assignment

Mr. Sal Khan from Khan Academy introduces a financial literacy course. Understanding money is important as it can control your life. The course covers topics like paychecks, taxes, savings, and budgeting. Financial literacy is crucial for success, as even high earners can struggle without savings. The course teaches habits and mindset shifts for effective money management. It includes videos, articles, and practice exercises to ensure fluency in the subject. Learning financial literacy can change how you view the world and help others. Important vocabulary terms include financial literacy, taxes, savings, budget, and paychecks. In this podcast, I would like to introduce Mr. Sal Khan from Khan Academy. This video was produced on December 5th, 2022. The topic is financial literacy. As you know, in Preparations class, financial literacy is very important to us because it's preparing us for our future. Hi everyone, Sal Khan here from Khan Academy and I just wanted to introduce you and welcome you to our financial literacy course. Why financial literacy? Well, money is everywhere and if you don't understand money, it can easily take control of your life. And if you know what its uses are, what the pros and what the cons are, then it becomes a powerful tool for you, a control over resources. So as you'll see in this financial literacy course, you're going to learn everything from understanding your paycheck to taxes and savings and many, many, many very other important things. And if it isn't obvious to you that this is important to your life, I will tell you that there's a lot of folks, some with big salaries, who end up not having any savings and having to struggle for money. And there's other folks who have maybe more modest means, but are financially literate and are able to save or able to budget or able to think about things that might happen in their life and plan accordingly. And those people are usually just fine. Now, another aspect of financial literacy, a lot of people say, well, of course I would love to save money, but that seems so daunting to try to save a large amount so that I could buy a car or put a down payment on a house or whatever else. And what you'll see in this course and as you go through this course, it isn't just about information. It's about thinking about the world in a different way, creating habits, realizing that if you create the right habits, what might seem like a small thing, spending a few dollars less per day, can add up over time in very, very, very big ways. Now, the other thing about this course, it isn't just videos and articles. It's also practice, mastery-based practice, which means you have as many chances as you need and as many items as you need to really make sure that you are fluent in the topic. And that's really important because between the videos where you'll get a little bit of background and the articles where you'll also get background and the exercises, if you go through this, I can guarantee you that you're going to be able to look at the world in a different and very powerful way and also help many folks around you. To end this podcast, I just wanted to highlight a few vocabulary terms that Mr. Sal Khan was discussing, such as financial literacy, taxes, savings, budget, paychecks. Be thinking about this terminology.