Why did you create The Academy?

Our vision is to build a future where everyone can knowledgeably and confidently participate in the world of money. Because when youunderstand how money works, you can make your money work better for you. This is our way of helping to create financial equality.

What is financial literacy?

In the simplest terms, Financial literacy is knowing how to speak money. It includes understanding how to manage your personal finances, the concepts of credit, how to set financial goals, the importance of investing, how to protect yourself from financial fraud and ultimately how to create a financial future that meets your wants and needs.

Why is financial literacy important?

We live in a world that is based on a market economy. It creates business, employment, goods and services and impacts our financial stability. From basic principles of credit and debt management, investment principles and business management, financial literacy creates strong foundations for both individuals and groups to create financial health and wealth.

At what age should we start learning about finance?

Warren Buffet advocates for financial learning by pre-school. Finance is a life skill that everyone should have – like knowing how to do your laundry and make your own dinner. While some of the languagein our program is more advanced, many of the concepts are simple enough for parents toshare with their children – especially in Personal Finance.

Financial education for free?

Yes. We believe in that financial literacy and equality are a cause worth investing in. Our future plans will include a premium subscription with additional tools and features but the fundamentals will always be free for anyone who wants to learn. This is our promise.

Level 2

Level 6

How the Covid-19 pandemic created a US housing boom

Aug 18. 2021, 10:49 am

The Covid-19 crisis has simultaneously caused a recession and a $2.2 million rise in the value of American homes. The fear, uncertainty and restrictions on movement that followed the outbreak of Covid-19 have had some serious economic side-effects, including a rise in unemployment and a global recession.

However, the pandemic has supercharged the US housing market. According to Bloomberg, home-buying mortgages reached its highest peak last year since 2006. Meanwhile, mortgages for repeat and second property buyers hit their highest peak for a decade and first-time buyers took on more debt than ever before.