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Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
@FluentInFinance
Mar 6, 2024 • 12 tweets • 5 min read • Read on X
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YouTube is free education.

But there are over 100,000,000 channels and 99% don’t know the best ones.

Here are 10 channels to make you smarter:
1. Y Combinator

This is a YouTube channel for anyone interested in entrepreneurship.

Y Combinator is a famous startup accelerator that's helped launch tons of successful companies like Airbnb, Dropbox, and Reddit.

It features interviews with successful entrepreneurs who share their experiences and tips for starting and growing a business.

Their videos cover business strategy, raising money, product development, leadership, and more.Image
2. TED-Ed

This YouTube channel has a wide range of educational videos on various topics and is perfect for anyone who wants to expand their knowledge and learn new things.

Their videos are under 5 minutes and explain topics in creative ways. Image
3. freeCodeCamp

This YouTube channel is perfect for those interested in learning how to code.

It has a variety of tutorials and lessons on various programming languages and web development.

Whether you're a beginner or an experienced programmer, freeCodeCamp's videos offer valuable insights and advice that can help you improve your coding skills.

Their community forums are also helpful for getting questions answered.Image
4. CrashCourse

This is a YouTube channel where you can learn almost anything.

They help you grasp complex concepts in a simplified manner.

Their content is thoughtfully researched and presented simply. Image
5. MIT Open CourseWare

This YouTube channel offers free online courses from MIT, the Massachusetts Institute of Technology.

They cover a wide range of subjects for free.

You can access video lectures, assignments, labs, exams, and more from over 2,400 MIT courses. Image
6. Skillshare

This YouTube channel is perfect for those looking to learn new skills.

Classes are under 1 hour so you can learn new skills quickly.

Skillshare is best for gaining practical abilities you can put into action right away. Image
7. Hubspot

This YouTube channel focuses offers helpful tips and strategies for businesses to grow.

Hubspot hooks you up with all the latest marketing strategies, sales tips, and business growth hacks.

They share videos on things like improving your website, writing better emails and headlines, building your brand on social media, and connecting with customers.Image
8. Talks at Google

This YouTube channel covers topics like finance, technology, and personal development.

It features presentations from experts in various fields, and gives a fascinating look at new ideas. Image
9. Stanford Graduate School of Business

This YouTube channel features lectures and talks from the Stanford Graduate School of Business.

They cover topics like business strategy, leadership, and entrepreneurship.

The lectures give you insights from world-class business professors and researchers, useful for enhancing your business thinking.Image
10. Khan Academy

This YouTube channel has a huge collection of educational videos.

The videos break down topics into digestible chunks, making it easy to learn difficult concepts. Image
Educational content on YouTube is amazing if you know where to look!

If you liked this thread please:

1. 🔁RT it to help others!

2. Follow me @FluentInFinance for daily tips!

3. Join 50,000+ readers in my newsletter at !

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More from @FluentInFinance

Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Mar 27
Roth IRAs can make you a tax-free millionaire.

But only 20% of Americans have one.

Here's everything you need to know about Roth IRAs:

(If you're in your 20s, I can't stress this enough)
How to Become a Tax-Free Millionaire:

Step 1: Open a Roth IRA with a trusted broker.

Step 2: Set up automatic contributions ($583 a month).

Step 3: Let your money grow over 30 years.

Step 4: Watch your savings become about $1.6 million tax-free.

Even if you start with a small amount, the power of compound interest will work for you.
What is a Roth IRA?

A Roth IRA is a special savings account for retirement.

You pay taxes on your money before you put it in.

The money grows and you can take it out later without paying more tax.

Unlike a 401(k), you open this account yourself. You choose where to open it.
Read 15 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Mar 7
From age 20-30, learn these financial rules to become wealthy in your 40s and 50s:
• The 50/30/20 Rule

This simple rule helps you split your money in a balanced way:

50% goes to needs like rent, bills, and food

30% goes to wants like eating out and fun activities

20% goes to financial goals like paying off debt or saving
• The Rule of 72

Want to know how fast your money will grow? The Rule of 72 makes it simple.

Divide 72 by your interest rate to find out how many years it takes for your money to double.

If you earn 8% on your investments, your money doubles in 9 years (72 ÷ 8 = 9).
Read 14 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Feb 14
Before age 40, you need to read these books:

1. Psychology of Money by Morgan Housel

Lessons:
• Money is More Than Numbers: Your habits, emotions, and past experiences shape how you handle money.
• Avoid Comparisons: Don't compare your financial journey to others. Focus on your own goals and progress.
• Plan for the Long Term: Think about money in decades, not days. Long-term planning leads to better decisions.Image
2. Millionaire Next Door by Thomas J. Stanley

Lessons:
• Millionaires Aren't Flashy: Most millionaires live simple lives and don't show off their wealth.
• Avoid Status Symbols: Don't waste money on fancy cars or big houses to impress others.
• Live Below Your Means: Wealth comes from spending less than you earn and saving the rest.Image
3. Simple Path to Wealth by JL Collins

Lessons:
• Ignore the Noise: Don't get distracted by daily market news. Focus on your long-term goals.
• Index Funds are Key: Invest in index funds for steady, long-term growth. They're easy and effective.
• Stay the Course: Don't panic when the market goes up and down. Stick to your plan.Image
Read 11 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Feb 11
I'm 37.

If you're still in your 20's, I can't stress these money skills enough:
1. Negotiate everything. Salaries, bills, rent. Don't be afraid to ask. Never accept the first offer. A 5-minute ask can save thousands.

2. Your first job isn't your forever job. Never be afraid to job hop to find what you're good at and what pays you well. Your career will grow over time.
3. Protect your credit score at all costs. Your credit score affects loans, housing, and jobs. Pay bills on time, keep balances low, and check reports for errors.

4. Surround yourself with winners, they inspire you. Positive, driven people push you to achieve more. Choose friends wisely.
Read 19 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Feb 3
President Trump says the pain from tariffs "will be worth the price."

But what does it mean for you?

I spent the evening analyzing it.

Here’s what you need to know:
1/Because of new tariffs, the average American family could pay about $1,245 more per year for everyday items.

This includes:

• Costlier furniture and home goods
• More expensive clothes and shoes
• Higher prices for cars and car parts
• Pricier groceries, especially fruits and vegetables
2/ Tariffs Will Affect Everyday Life:

1. Cars:

• Vehicle prices could rise due to integrated North American supply chains
• Auto parts costs would increase, affecting repair and maintenance expenses

2. Food:

• Furniture imports from China could see 10-25% price increases
• Electronics and household appliances would likely become more expensive
• Clothing and footwear prices could rise significantly

3. Consumer Goods:

• Avocado prices could increase as 90% come from Mexico
• Popular Mexican beer brands might see price hikes
• Canadian agricultural products, including frozen foods, would become more expensive
Read 9 tweets
Andrew Lokenauth | TheFinanceNewsletter.com Profile picture
Dec 27, 2024
If you own a business, you MUST understand accounting

You can't run a business without understanding your numbers

Here is everything you need to know:
1/ Accounting isn’t just about taxes or bookkeeping—it’s the language of business

At its core, accounting is based on “Accrual Accounting”

Accrual accounting shows the true financial health of a business by matching income with related expenses.
2/ Accrual Accounting

Most people think of accounting as balancing a checkbook—counting cash in and cash out (this is called Cash Accounting)

But real businesses use Accrual Accounting

Why?

Because it’s a more accurate way to measure actual profit by matching revenues and expenses in the same period

Here's a simple way to think about it:
Read 12 tweets

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