#educatiion

...Daniel Patrick Moynihan coined the term "Defining Deviancy Down" to describe how we legitimize behavior previously regarded as antisocial or criminal."  When dysfunctional becomes the norm, the functional turns abnormal.  Consequently, there is nothing unseemly about a so-called comedian holding up the decapitated head of a president, and there is nothing improper about inviting someone to a dinner only to bash her publicly and expect her to sit and smile.  Obama created a scenario where minority students would be held less accountable concerning school disruptions, therefore delinquency and school violence increased.

...In order to distract from behavior that hurts the community, language is constantly corrupted with such "psychobabble as 'codependency'" and "edubabble as 'invitational education,'" resulting in the destruction of any real meaning in language.

Studying for exams can feel daunting. Thick texts, piles of notes, and repeating studying can drain the desire to learn. Yet with the AI Quiz feature at Desklib, studying can be turned into something interactive and enjoyable.

Why AI quiz software is revolutionising exam prep

Traditional studying is time-consuming. We enhance learning with AI-driven personalized quizzes that are time-saving and enjoyable to learn with.

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Customized AI Test Preparation: AI learns the way you learn to tackle the most challenging areas of knowledge. AI-powered personalized learning maximizes learning performance and effectiveness.

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Features That Make Our AI Quiz Tool Stand Out

We understand that all learners are unique individuals with their unique needs, so the AI Quiz tool incorporates capabilities to support learning:

AI Flashcards for Quick Revision: AI flashcards summarize key concepts, making last-minute revisions easier and improving retention.

AI Self-Assessment Exercises: AI practice exercises enable learners to measure their knowledge base and hone their problem-solving skills.

AI Exam Preparation Individualized to Your Needs: AI learns your strengths and weaknesses to deliver learning that is specific to areas of struggle.

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Public & Private Study Modes: Study with others by sharing quizzes to improve collaborative learning

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Why Students Love AI-Powered Learning

Students are resorting to AI-powered learning due to various reasons:

More Engaging Than Traditional Studying: AI flashcards and quizzes make learning a dynamic interaction

Better Retention & Recall: Improved retention is facilitated by continuous revision with AI-produced content.

Instant Feedback & Self-Development: AI provides immediate performance feedback to enable learners to improve their learning plan.

Reduces Exam Anxiety: It increases the levels of confidence and acquaints them with exams.

Flexible & Convenient: Study at your pace, at any time, anywhere

Conclusion

I searched "Top Financial Advice For 20 Year Olds" on YouTube and came across this video. In this video, the hosts discuss the top 10 pieces of financial advice that they would give to a 20 year old kid who wanted to learn about money. Their number one piece of advice was:

TIME is your most abundant and valuable resource. You most likely do not have kids, you may or may not have a full time job, be in school, etc. If you are young and healthy, you should be maximizing the potential that your time is worth. You have the ability to accumulate money at an exponential rate, which means the younger you are when you invest, the more money you will make in less time. One of the hosts from "The Money Guy Show" YouTube channel explains that he did not realize how valuable his time & money was when he was younger, so he missed out on a lot of great financial opportunities. The talent then goes on to explain how investing $1 when you are 20 or 21 years old could become $88 over the next 45 years, however the value of a dollar is influenced by a number of factors. I found this PDF on moneyguy.com (ironically enough, the same guys that run the YouTube channel created this. They know how to use SEO), that explains how a young person should invest their money to be a millionaire by the time they're 65. This PDF shows how the earlier that you invest, the more time your money has to grow, and how you will make more money over time. It is a formula sheet, essentially, where you multiply your wealth multiplier # by your total in your investment accounts to calculate the projected growth of your assets by age 65.

I also would like to point out that time is on your side when you are younger, plain and simple. If you spend more time learning about finance, business, real estate, and other profitable skills and knowledge, you will be worth more in the future. You will be able to educate those that don't know any better. When you don't understand something, it's easy to brush it off or delay learning. However, if you learn about things while you're young, you have more time to put that knowledge to use and you will never have to put in the effort to learn that information again.

Next, I found this video titled The 4 Best Types Of Investment Accounts on YouTube (once again). Personally, I think this video is extremely helpful. Here is my personal summary on this video and what I learned:

You must have an emergency fund saved up before you start investing or putting your funds into different things. The best account to keep your emergency fund in is a high yield savings account.

2. First best account is a health savings account, but it is mostly beneficial for people in a higher tax bracket and you can't take the money out until you are 65, and then you can use it however you want but you must pay taxes on it. You can also get tax free medical care. Health savings account are important because as you age and experience life you will endure health care expenses. You can use this account for medicare premiums and these accounts have tax advantages. (HSA's?)

3. Invest in your retirement account at work - examples include: 401k, 403b, 457 plan, or a simple IRA plan. For 401ks, you get a max contribution to your salary and you can invest as much money as you can afford into this account. Your employer will match it if you are lucky or at least add a percentage and your money will increase exponentially over time. There are also tax deductions for these types of contributions. If you have good options for investment accounts with reasonable fees at work, you can max out your contributions. If you pay a lower tax rate now, see if you can contribute to a roth option at work because you will lock in your tax rate.

3. Contribute to a personal IRA.

TRADITIONAL VS. ROTH IRA

Traditional: tax deduction now, pay taxes later in retirement. There are deductible rules.

Roth: Pay taxes on the money contributed now, and you get to take it out tax free when you retire. A Roth IRA is better in my personal opinion as of right now. Income limits could make you ineligible for this option.

Deductions are expenses that can be subtracted from a taxpayer's gross income in order to reduce the amount of taxable income. It can be referred to by the IRS as a "taxable reduction". Reductions can be used to decrease the amount of taxes that a taxpayer owes, according to Investopedia.

Standard tax deductions are a flat rate that the tax system allows someone to deduct. This number is set in stone, it can not be negotiated. The standard tax deduction

I created this blog dedicated to starting a small business (and personal/financial wealth) because I am an entrepreneur and I want to start some of my own official, licensed companies. I wanted to learn more about finance and investing, and learn how to maximize my time and my wealth now so I can achieve my goals faster and more efficiently.

After reading about some of the financial advice that financially successful people would give to a 20 year old, I have developed a list of questions that I need to spend some time learning more about. Here is my list:

What investment accounts (IRA, 401K, Etc.) can I open? Which ones should I open? What are the benefits/disadvantages of an investment account? How much money do I need to be adding to these if I want a profitable return?

2. How can I benefit from deductions with my current employer/income status? Everything there is to know about taxes and business taxes!