One of our guest speakers in Flourishing was Professor Comer from the business school. He talked to us about understanding the positives and negatives as well as the short term and long term effects of each business deal that we make.
One of the big ideas that Professor Comer presented was that of interest rate. When it comes to mortgages or services that allow you to rent until you own, understanding what the true interest that one is paying is important. Often times it is hard to see how much interest one is truly paying until it is too late. Understanding personal finances and creating healthy spending habits is an important aspect of well-being.