S2E7 You must understand the Principle, Interest, & Term Everything I Know, I Learned From Dad

In this episode, Hannah & Dad revisit financial literacy, with a conversation about loans. Loans come in many forms - student/education, mortgage, and major financed purchases - and before taking out a loan, you must understand the Principle, Interest, and Term. *This episode is a pre-pre-requisite to our first-time homebuyer's series, coming in two weeks!

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Episode Guide:

1:40 - reasons one might take out a loan

3:00 - types of loans

7:15 - what does repayment look like?

21:45 - making your own amortization schedule

25:20 - buyer's beware when taking out a loan

28:10 - What Would Dad Do? - a car needs lots of repairs


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