Earning and Spending Money: Basics for Beginners

This lesson covers the basics of earning and spending money. It introduces two primary methods of earning: working a job and starting a business. The video explains how to get hired for a job, the importance of skills and education, and the potential rewards and challenges of entrepreneurship. It also provides guidance on spending money wisely by creating a budget, categorizing expenses into needs, wants, and savings, and emphasizes the importance of financial planning.

How can starting your own business be both challenging and rewarding?

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What are the three basic categories to consider when creating a budget?

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