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This is part one of two in a series of key personal finance concepts that individuals and households should know. It’s not investment advice, but rather key definitions and the math behind how they all fit together. One of the biggest key points is the definition of a rich man that does not take into account how much money he has.

http://www.youtube.com/watch?v=wqkLC9oOaTE

Duration : 0:6:29

[youtube yRAN3JMsypM]