What is Debt? A Simple Explanation for Teens and Beginners
This video answers the question "What is Debt" in a simple, beginner-friendly way. PLEASE SUBSCRIBE (It’s FREE!): http://bit.ly/EasyPeasyFinanceSubscri...
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The video addresses the topics below:
What is debt (borrowing, taking a loan)
What are the types of debt (credit card debt, mortgages, student loans, car or auto loans, personal loans, etc. Plus corporate and government debt)
Who can lend money (Banks, credit unions and credit card companies)
Why would anyone take on debt
Hope you like the video and stick around for more engaging personal finance content! And please let us know your thoughts (or a suggestion for a video) by leaving a comment!
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Easy Peasy Finance books are part of our award-winning educational series that introduce financial literacy concepts in an age-appropriate, accessible format for all learners.
Our YouTube channel is designed for teens and adults seeking a strong financial foundation. The books below provide a simplified introduction to financial literacy concepts complementing the videos.
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Music: http://www.freesfx.co.uk/, http://www.SoundBible.com
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The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advise. Please consult a qualified financial advisor before making any investment decision.