Finance
Map
Arrows point from what you learn first to what it opens.
- Proven to level123
- Open
- Locked
- Comes back deeper
Learning path
In the order the concepts build on each other.
- MoneyReadyAnything widely accepted to pay for things - it's a medium of exchange, a store of value and a unit of account.
- BudgetLockedA plan for how money coming in will be spent, saved or invested over a period of time.Opens after: Money
- InflationLockedA general rise in prices over time, which means the same amount of money buys less.Opens after: Money
- InterestLockedThe price of borrowing money - paid by borrowers to lenders, usually as a percentage per year.Opens after: Money
- Compound interestLockedInterest earned on previous interest as well as the original amount - so savings (and debts) grow faster and faster.Opens after: Interest, Variables
- DebtLockedMoney borrowed that must be paid back, usually with interest - useful for big purchases, costly if it grows unchecked.Opens after: Interest
- Saving and investingLockedSetting money aside - saving keeps it safe and available, investing puts it to work for higher expected growth at some risk.Opens after: Compound interest, Budget
- DiversificationLockedSpreading money across many different investments so that one bad outcome can't sink everything.Opens after: Saving and investing