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Economics, Capitalism, and Money

Make Knowledge, Wisdom, and Purpose your foundations for making financial decisions. 

Making a significant financial decision as an adult is not easy for most people*. However, the Consumer Financial Protection Bureau claims, “Financial knowledge and decision-making skill help people make informed financial decisions...” I agree with their position. During my 30+ years in the business of giving financial advice, my initial and annual ongoing education reinforces that claim. But, I believe they leave out two essential elements of the teaching; wisdom and purpose. Although we cannot teach wisdom and purpose, per se, they should be discussed and considered part of the financial decision-making process.

The following links take you to a topical list of Prager U’s 5-minute videos, interviews, and short clips. You can further refine these lists by adding a filter of your choice.

The presentations are informational. Most are serious, some are entertaining, and others are political. One of my favorites is the 5-minute video “Seven Economic Truths.” Take a look. I’m sure you’ll find something that is thought-provoking, informative, wise, and purposeful.

1. Economics –

2. Capitalism –

3. Money –

*More than three in four Americans (77%) report feeling anxious about their financial situation, according to a new Mind over Money survey by Capital One and The Decision Lab.