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Unlock the keys to mastering your money in this powerful 41-minute crash course on financial literacy. From budgeting and saving to investing, debt, credit, retirement accounts, real estate, and more — this video covers what school never taught you about money management, wealth building, and financial freedom. You’ll learn how to: Create a realistic budget Understand good debt vs bad debt Improve your credit score Build an emergency fund Invest in Roth IRAs, index funds, ETFs, and real estate Use high-yield savings accounts Avoid lifestyle creep Teach your kids generational wealth skills Whether you're just starting your money journey or fixing past mistakes, this video will give you the foundation to master your personal finances. 📌 Chapters included for easy navigation — so you can learn what matters most, fast. ➡️ Moomoo | Get up to 60 free stocks when you sign up and deposit money in Moomoo by going to https://start.moomoo.com/smartmoney FREE RESOURCES: 🔥 FREE e-Book - The 24 Laws of Money: https://smartmoneybro.ck.page/74147a7f9d ✍️ Smart Money Bro Newsletter - https://smartmoneybro.kit.com/ ▶️ Subscribe for more Smart Money tips - / smartmoneybro MY SERVICES: 📌Get 1 on 1 Financial Coaching and Mentoring: https://eric-bowie-smart-money-bro-sc... 📌Join Our Smart Money Bro VIP Community on Patreon: / smartmoneybro 📌Jump on my schedule: https://smartmoneybro.com/schedule/ MY PRODUCTS: 👕Smart Money Bro Merch - https://shop.smartmoneybro.com/ CONNECT WITH ME: 📸 Instagram - / smartmoneybro 🌍 Smart Money Bro Website - https://smartmoneybro.com/ 👍 / smartmoneybro 💼 / ericcbowie *Time Stamps* 00:00 - What You’ll Learn in This Financial Literacy Guide 01:40 - What Is Financial Literacy? (Definition and Real-Life Meaning) 02:35 - Why a Wealth-Building Mindset Is Everything 03:15 - How Delayed Gratification Builds Wealth 03:56 - Lifestyle Creep: The Hidden Trap That Keeps You Broke 05:29 - Understanding Needs vs Wants (Mastering Money Choices) 05:49 - How to Create a Budget That Actually Works 07:30 - Automate Your Finances and Pay Yourself First 08:55 - Best Places to Save Money in 2025 09:42 - Don’t Mix Business and Personal Finances 10:02 - Building a Financial Dream Team (CPA, Lawyer, Insurance) 10:42 - Good Debt vs Bad Debt Explained Simply 12:00 - How Credit Works (Credit Scores & Reports 101) 15:14 - The Smart Way to Pay Off Bad Debt 17:00 - How Interest Payments Destroy Your Wealth 18:44 - Emergency Fund: How Much You Really Need 20:07 - Short-Term vs Long-Term Saving Goals 21:21 - Why You Need a High-Yield Savings Account 22:02 - Why Most People Struggle to Save Money 23:27 - Retirement Accounts Explained (401(k), IRA, TSP) 24:29 - What Is a Brokerage Account? Investing Basics 25:23 - Traditional IRA vs Roth IRA: Which Is Better? 26:45 - Mutual Funds, Index Funds, and ETFs Explained 29:13 - Real Estate Investing 101 (Rental Properties & More) 30:42 - The Risks of Real Estate You Need to Know 32:18 - Income Streams: Truth vs Hype 33:10 - Why You Need Life Insurance and Estate Planning 35:36 - Taxes, CPAs, and How to Keep More of Your Money 36:28 - Setting Clear Financial Goals That Get Results 37:38 - Teach Your Kids Financial Literacy (Generational Wealth) 👇🏾MORE VIDEOS TO CHECK OUT👇🏾 • 5 Things You Should NEVER Tell Anyone - PR... • 7 Frugal Habits That Save Me THOUSANDS Eve... • You CAN Change Your Finances in 6 Months. ... #financialfreedom #financialliteracy #financialeducation #smartmoneybro This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Thank you for your support! DISCLAIMER: 🚨This content is for educational and entertainment purposes only. Smart Money Bro does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.