Top 5 Personal Finance Videos that High School Students Should Watch

1. “How to Manage Your Money for Financial Freedom” – TEDx Talks

In this TEDx Talk, financial adviser and blogger, Andrea Carter, provides practical tips and strategies on how to manage your money for financial freedom. She covers topics like budgeting, credit, and saving for retirement. The video is under 20 minutes long, making it a perfect introduction to personal finance for high school students.

2. “The Secret to Becoming Financially Free” – Money School TV

This video by Lacey Filipich, founder of Money School TV, offers a unique perspective on personal finance. Filipich argues that becoming financially free is not just about saving and investing, but also about having a strong mindset. She outlines the four key pillars of financial freedom and how to develop a money mindset that supports your financial goals.

3. “How to Invest: The Power of Compounding” – The School of Life

Investing can be intimidating, but this video from The School of Life breaks it down in a straightforward and engaging way. Using the example of a lemonade stand, the video explains how compounding works and how small investments can grow over time. It’s an excellent primer on investing for high school students who may be intimidated by the subject.

4. “The Economics of Healthcare: Crash Course Economics” – Crash Course

Healthcare costs are an essential part of personal finance, but it’s not a topic that’s often covered in personal finance resources. This video from Crash Course Economics provides a comprehensive overview of the economics of healthcare, including topics like insurance, cost control, and the Affordable Care Act. It’s an excellent resource for high school students who are about to enter the workforce and need to navigate the complicated world of healthcare.

5. “The Psychology of Money” – Big Think

This video from Big Think explores the psychological aspects of personal finance, including how our emotions and biases can impact our financial decisions. It covers topics like the sunk cost fallacy, the endowment effect, and the importance of setting financial goals. While it’s not strictly a personal finance video, it offers invaluable insights into how we think about money and can help students cultivate a healthy relationship with their finances.

Conclusion

These five videos offer a diverse and engaging range of resources for high school students interested in personal finance. From budgeting and saving to investing and healthcare costs, they cover an array of essential topics that will prepare students for financial success. Incorporating these videos into your personal finance curriculum or watching them independently is an excellent first step towards building a solid foundation of financial literacy.