Question 1

What is Constructive Criticism / Feedback?

Accepted Answer

What it teaches:

The difference between constructive and destructive criticism
How to provide feedback that is helpful and useful
Why it is important to focus on a person’s work and not their personality
How a team can be successful using constructive criticism and feedback

Video Transcript:

Hello from the CC Robotics Competition. As the teams are diving into the challenge, we’re seeing that team communication helps solve problems and fill the gaps they need to reach their goal.

For example, Team Orange is struggling. They have skills and talent, but can’t seem to get along. The problem is that feedback often leads to hurt feelings and defensiveness. When Neil proposes a new idea, his teammates dismiss it and say it’s Neil’s fault the team is falling behind. This causes Neil to lose confidence and tune out. Without Neil’s help, they’ll never win.

Team Blue, on the other hand, has made amazing progress because of how they communicate. They’ve learned to provide feedback that feels respectful and productive.

Here we can see two two kinds of criticism: Constructive and Destructive. Team Orange’s approach is destructive because it points to problems without addressing how to fix them. It’s discouraging to team members. Team Blue’s criticism is constructive because it recognizes problems, but remains encouraging and focused on the work required to be successful.

Here’s how it works. Each team member is different. Khalid is quiet and diligent. Toshi has high energy. Carmen can get distracted. And Heather is assertive. The team recognizes that a person’s personality is different from the quality of their work. To win, they focus feedback and criticisms on the work and not the person. That’s part of what makes it constructive.

Khalid was nervous before presenting his design. The team was careful to focus on the design and not his personality or abilities. This helped him feel confident and motivated.

When it’s Carmen’s turn, it’s obvious she’s been distracted and falling behind. Her teammates are disappointed, but don’t want to discourage her. So, they focus on positive aspects of her work and provide specific steps she could take to help the team reach their goal.

Toshi is enthusiastic and sometimes becomes a distraction to others. Heather decides to help and chooses to speak with him privately so he’s not embarrassed in front of the team. She is careful to focus on his contribution to the project and specific examples of distraction that causes problems. To help, Heather also described a situation where she was a distraction to others and how it caused a problem.

This made Toshi feel better. He was thankful to hear the feedback privately and agreed to tone it down.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here:https://www.dotcomtruths.com/

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 2

What is Copyright and Creative Commons?

Accepted Answer

This video helps to explain the basics of copyright law and creative commons licensing and the role each can play in helping creators protect and share their work. It teaches:

Why copyright law exists
How to copyright a creative work
Creative Commons licensing basics
How both copyright and Creative Commons licensing can help creators
Rules of thumb for using licensed work

Video Transcript:

Julia’s dream is to make a living as a photographer. In this dream, she takes amazing photos, people buy them, and their purchases fund her future work.

But it’s not that simple. Julia wants to publish some of her photos to help spread the word, but she’s concerned because photos are easy to copy. She could lose control and not be able to make a living from her talent.

So she does some research and learns that in the U.S., as with other countries, we have laws that give creators of materials like books, images, movies, artwork and music a way to own and protect their creations. It’s called copyright law. Owning the copyright means having the exclusive right to manage and sell the material.

And she’s surprised to find that when she creates photos, she owns the copyright to them automatically, without taking any other action. Though she can always register them with the U.S. Copyright office for good measure.

She likes being covered by copyright law, but it limits her exposure, because her permission is required for sharing a photo. She needs a way to make some of her photos more sharable.

Her research leads her to Creative Commons, which is a set of licenses that she can use to make her copyrighted photos free for sharing.

By licensing specific photos with a Creative Commons license, she doesn’t have to approve each person’s request for sharing, as long as a few simple rules are followed. She chooses a license that requires the user to provide attribution, or credit for her work, and to be non-commercially.

Using Creative Commons means she retains some rights while her photos and name have the potential to be seen by many more people because they can be shared for free.

After considering the options, Julia decides to license a few photos with Creative Commons, and use copyright with “all rights reserved” for the rest of her portfolio because it will be important for her goals. So she adds copyright information, which includes the year the photo was first taken and her name, wherever those photos appear.

Across the country, Kelly needs a travel photo for his magazine article. He searches, and finds a nice one online and notes a Creative Commons license and Julia’s name. His use is commercial, so he visits her site and finds more photos that fit his needs.

The one he wants is marked “all right reserved”, so to avoid copyright infringement and potential legal issues, he contacts Julia who gives him permission to use the photo in exchange for a license fee. This way, Kelly can use the photo in his magazine and Julia can build her career.

Both Kelly and Julia understand that ownership and proper use of materials can be difficult to navigate, especially because the Web is global and copyright laws can vary by country.

So here are a few things they always consider...

When they see a copyright symbol or notice, they ask the creator about proper use. And they still ask even if they don’t see a symbol.

When they see Creative Commons licenses like these, they know they can share the material for free, as long as they follow the rules of the license, found at creativecommons.org.

Both copyright and Creative Commons are important parts of a system that come with a responsibility to follow rules, rules that support the future work of people and organizations who can make our world a better place.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here:https://www.dotcomtruths.com/

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 3

What is a Computer Hardware?

Accepted Answer

What it teaches:

This video introduces three parts of computer hardware: hard drive, RAM, processor. The video uses a house metaphor to illustrate the role of each part, including:

The three common parts of all computers
Role of hardware to store information
Role of RAM to make some information easy to access
Role of the processor to keep them system working

**Video Transcript:

If you’re like most people, computers are becoming a part of your life, and it helps to know how they work. They seem complicated inside, but by understanding just a few parts, you can see a simpler side of computers.

You’ve seen them. They come in all shapes and sizes, but work pretty much in the same ways. In fact, if you could look inside these computers, they’d have the same basic parts. It’s these parts, the hardware, that do a lot of the work in computers.

To explain, let’s look at something you already know, a house. One of the great things about living in a house is that you have room for all of your stuff. In fact, many houses have basements that become the perfect place for storing things you want to use later. And the bigger the basement, the more you can store.

The same thing is true for computers. Instead of boxes and bicycles, we need a place to store things like photos, music, documents, and software. In a computer, it’s not the basement, but a hard drive. A computer’s hard drive is where you keep all the things you want to use later. And like basements, the bigger the hard drive, the more you can store.

But basements aren’t perfect. Going to the basement takes too much time whenever you need something. Closets on the main floor can help. They’re small, and make things easier to access when you need them. You don’t need to go all the way downstairs.

It’s the same with computers. Some of the information stored on computers is hard for the computer to open quickly because it needs to take the long way. To solve this problem computers use RAM or Random Access Memory. It makes information easier for the computer to access. This means RAM makes computers faster. Plus, this kind of closet gets cleaned out every time you restart your computer.

Of course, houses have all kinds of parts that need to work together. It would help to have someone like a butler in the house making sure the house is always in working order. If it’s too hot, maybe the air conditioning needs adjustment. When it’s dark, lights are needed.

Computers need this too. Something has to make sure all the parts run smoothly. In computers, this is called the processor. It’s a tiny part that’s like the butler of the computer. It sends and receives information, completes tasks and puts the software to work. And the faster it can complete tasks, the faster your computer will be.

So, let’s review. The hard drive is like a basement. It stores all the things you need for later. RAM is like a closet on the main floor. It makes some information quick and easy to access. And the processor is like having a butler around always completing tasks and making things work together.

The next time you use a computer, think about what’s happening under the hood. Computer hardware is working together to help you get things done.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here:https://www.dotcomtruths.com/

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 4

What is Augmented Reality?

Accepted Answer

What it teaches:

A high level introduction to augmented reality
Using it to find a restaurant
Using it to compare products, be entertained
A look at future possibilities of augmented reality

Video Transcript:

I think we can all agree that reality is pretty great. It’s what we experience through our senses like our eyes, and phones with cameras. The Internet is awesome too, but the Internet and reality have a hard time working together.

Thankfully this is changing quickly. New tools mean that the world around you can now be seen with a layer of new information from the Internet. Let's start with an example.

If you've ever seen a movie with a fighter pilot, you've seen the pilot’s view from the cockpit – but something’s missing. The pilot needs a layer of information that adds useful items to his view of reality. Recently, this kind of layer started working on your smartphone. But instead of flight data, you have data about the world around you. It’s Augmented Reality.

Let’s say you're hungry and at a busy intersection. There are multiple restaurants around you, but you don't know where they are or which one is the best. You could look up each one on a computer, or just take your chances. But now, thanks to new software on mobile phones, you can simply point your phone's camera at buildings around you and voila! Restaurants are magically highlighted and a layer of information about the restaurant appears on the screen.

Another example is shopping. You can point your camera at a product and see a layer of information about it, like prices of the same product at other stores in the area or on the Internet. And this functionality only requires a few things.

First, a smartphone with a camera to capture reality.

Second, a connection to the Internet for receiving the layer of information.

Third, software on your phone to bring it all together.

It also helps to have a phone with GPS and a compass so it knows which direction you're facing. Augmented reality can also work with a camera attached to your computer. You can hold products in front of the camera and see a layer of information on your screen that makes reality more interesting and even fun.

These examples are just the beginning. In the future, you may wear glasses that have a tiny display that you can see while walking. As you walk by stores, buildings, people and products, this screen displays information from sites like Wikipedia or Google. Suddenly your reality is richer and more interesting.

It's coming, but augmented reality has a long way to go. Keep your eye out for ways that augmented reality adds layers of information to your reality.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here:https://www.dotcomtruths.com/

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 5

What is Insurance?

Accepted Answer

What it teaches:

Insurance is an important part of being financially responsible. This video highlights the risks of not having insurance and how it works to aid in recovery after something bad happens.

How unpredictable events can create financial problems
How insurance aids in the recovery process
How policies work and the costs involved
Why paying for long-term protection can make sense

Video Transcript:

Bad things happen. And when they do, recovering can take time and money. Thankfully, we have help.

Let’s say you’re on a boat, when a wave comes from out of nowhere and knocks you into shark-infested waters. Events like this are difficult to predict, so the best thing you can do is have a way to recover quickly.

Now falling off of a boat is just an example. In real life, events like your home burning down can be devastating. Recovering from these events requires a lot of money. Money that most people don’t have. Thankfully, we have a way to recover from these big expenses. It’s called Insurance.

Let’s say your car gets caught in a storm. Suddenly you don’t have a car or the money to fix it. Without insurance, you might have to borrow a bike to get to work. But with insurance, you’ll have a way to get your car fixed or replaced.

It sounds too good to be true, right? Well, insurance comes with costs. To be protected, you buy it from an insurance company. When bad things happen, the company will help you recover by paying some of the expenses.

Here’s how it works. To get insurance, talk with an insurance company about the things that are important to you. These are usually things like your health, your car, your home and your family. You’ll set up a plan or policy with the company that outlines how insurance will help when something bad happens.

For instance, a policy might outline when and how much an insurance company will pay when your car is wrecked, your home id flooded, or you can’t work for a period of time. There are even policies that outline how your family will be protected if something happens to you. Insurance policies are very specific. It’s important to understand exactly what a policy covers.

To have this kind of protection, you’ll pay the insurance company over time. Even if you’re healthy and your property is safe, you’ll still pay on a regular basis. These payments are how insurance companies can afford to cover people like you.

Of course, this means you may pay for insurance your whole life and never use it. Before you question the value, remember that insurance covers the big expenses caused by things that are out of your control. Without insurance, these things can come along and take away your hard-earned money.

Insurance is an important part of being responsible with your money and property. Talk with a company you trust about what’s important to you. Take the time to ask questions, read the fine print and compare policies. Insurance won’t keep you from falling in, but it will help you recover more easily when bad things happen.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here: DotComTruths.com

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 6

What is an Online Citizenship

Accepted Answer

Sometimes communicating via computers can feel anonymous and make people lose touch with the impact of what they say online. This video highlights the problems this causes and explains a basic idea: that our words matter, online and off. It teaches:

Why citizenship matters in the real world
How one person can behave differently online and off
What happens when someone forgets that real people get their comments
Why citizenship is important online and off

Video Transcript:

Most people are good citizens in the offline world. They are kind to others, they obey laws and want their community to be a better place.

But these days many of us are also citizens of the online world. We participate in discussions, share photos, and get help using websites. While this makes communication faster and easier, it can also cause problems.

Stewart is a good guy. He cares about the feelings of others and avoids saying insensitive things at the dinner table. He would never call someone a hurtful name on the street or yell rude comments in a restaurant.

But when Stewart goes online, he seems to become a different person. In his mind, the Internet is the wild, wild west, where he doesn’t need to use his real name. He feels anonymous.

He often writes provocative comments on blogs and video websites without contributing anything valuable. His discussions on Twitter are often mean-spirited and personal. And sometimes he writes to companies using unnecessary profanity. It’s kind of a joke to him - a way to mess with people.

Recently a friend recognized his online name on a few comments and gave him a call. She had seen horrible things that he said to her brother online, and wanted Stewart to know that it hurt him, personally. She had one question for Stewart: Why?

Stewart was speechless - he never meant to hurt anybody. Before that moment, he never even considered the real people who were the targets of his comments. As icons on a computer screen, it was easy to feel disconnected. He didn't have to see their faces or reactions - it was like they weren't real.

But that all changed. Suddenly he could see that real people, just like the ones across from him at dinner, received and read his words online - and those words mattered. He also realized that his family uses the Internet every day. And if everyone behaved like him, it could become a pretty bad place.

Now he sees that citizenship means giving people the same respect he does in the real world, even when he disagrees with them. We all want to live in safe, productive communities and that takes awareness and effort from all of us, online and off.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here: DotComTruths.com

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 7

What is Peer Review?

Accepted Answer

When it comes to credible sources of information, peer reviewed articles set the standard. That’s because the peer review process is designed to make credibility a priority. This video explains the concept of peer review and how it applies to research and what we understand about the world. It teaches:

Why credible, trustworthy information is essential
Why articles published in peer reviewed journals are more trustworthy
How the peer review process works
How “peers” evaluate articles and ensure integrity
What makes peer reviewed articles different from other sources

Video Transcript:

Researching a topic can be difficult when we have to sift through a huge amount of information. It’s easy to feel overwhelmed and frustrated when you don’t know what information to trust. 

A key skill in research is efficiently separating the trustworthy information from the biased or misleading information. One way to do this is to use articles from peer reviewed journals.

Think about it like this… On one side we have researchers working hard to understand or develop something new, like a drug. On the other side is the public who could benefit from new findings and discoveries. The researchers want their findings to be shared with the public and have a positive impact. To accomplish this, their work must be deemed trustworthy and credible. 

The problem is that some research is done poorly and could mislead or harm people. So, we need a way to ensure that the most credible research reaches the public.  This job is often accomplished by professional or peer reviewed journals that serve as gatekeepers for new research. These journals review and analyze the new information and will only publish findings they find trustworthy and up to their standards.

This process is called Peer Review and a journal’s reputation depends on it. Here’s how it works…  

Dimitri and Denise have conducted a study on soil quality that they believe will help farmers. With the study complete, they write an article explaining the study’s goals, methods, findings and recommendations, and submit the paper to the Journal of Soil Quality. 

The journal then assembles a panel of experts or “peers” who specializes in soil to read the article, without knowing who wrote it, and investigates the team’s information. It’s this panel of experts who decides if Dimitri and Denise’s article meets or exceeds the standards for publishing in the journal. The peer reviewers may accept the paper and recommend it for publishing, request changes before accepting it, or reject the paper completely. It’s this peer review process that helps ensure only credible information is published in the journal.

Dimitri and Denise’s article was accepted by the panel with minor revisions and published for future reference. Unlike blog posts, books or even newspaper articles, peer reviewed journals use a rigorous process designed to make trustworthiness and credibility the highest priority. 

When doing research, keep peer reviewed journals and articles in mind because they’ve done the hard work to establish what research can be trusted and their work can save you valuable time.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here: DotComTruths.com

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 8

What is Project Based Learning?

Accepted Answer

Education can be more interesting and effective by focusing students on work that matters. Project Based Learning focuses on involving students in projects that teach a variety of skills. Key points in this video are:

How critical thinking, collaboration and communication help everyone in the real world
How PBL helps develop these skills in students
An example of a teacher who uses PBL in the classroom to get students involved in asking questions, doing research, collaborating and communicating
The impact of learning a subject in-depth via PBL and presenting the results to others

Presentation Note: This video is courtesy of BIE.org and includes a title slide at the end of the video.

Video Transcript:

You remember what it was like in school. IT WAS BORING! You sat in class, memorized as much as you could and tried to pass a test at the end. But is that good enough? These days school can be more interesting and effective by focusing students on work that matters.

Most adults live in a world of projects. Whether it’s a job assignment, home improvement or planning a wedding, we need to actively solve problems. But unfortunately, schoolwork looks more like this than this.

Let’s take a look at this Project Based World. Meet Claire. She was recently presented with a challenge. Her company, Super Suds, makes soap and it was up to her to find the most earth-friendly way to produce it in the future. Her boss gave her a budget and a few requirements - and it was up to her to come up with a solution. She organized and managed a team who researched the options and created materials summarizing the issues. Claire’s team asked for feedback and presented their findings to the boss.

Claire came out of the project looking like a rock star and she learned a lot about green products. If you look closely, Claire’s success involved critical thinking, collaboration, and communication. Things that aren’t often taught in traditional classrooms.

The world needs more Claires. So how do we get them?

The answer is Project Based Learning or PBL. By focusing students on a project, teachers put them on a path that deepens their knowledge and builds skills they’ll need in the future.

Here’s what I mean. Mr. Simmons has always been a good science teacher and his students do well on Fridays’ tests. Unfortunately, what they learned was gone by Saturday morning. That wasn’t good enough for him. Soon he learned about Project Based Learning and decided to give it a shot.

Mr. Simmons got the idea for his first project on microorganisms when nearly half of his students were suddenly absent with the flu. He asked his students why they thought so many of their classmates got sick at the same time. That lively discussion produced a lot of good questions and a list of things the kids wanted to know. Mr. Simmons then announced their project was to help elementary schools kids understand - How can we not get sick?

After dividing the class into teams, he got them started on the project. It was up to the students to ask questions, research, collaborate, give each other feedback and figure out the best ways to make their points clear to children. One team chose to make an educational video on the connection between hand washing and avoiding the flu. Another chose to create posters to show how viruses spread.

The project teams showed off their final work to an enthusiastic audience of parents and their children at a nearby elementary school. Sitting in the front row was our good friend and local rock star Claire, who saw a bit of herself in the students. It was clear that the project was a success for the students, the audience, and Mr. Simmons.

His students practiced critical thinking, collaboration and communication. The project wasn’t about memorization, but learning in-depth about viruses and how to prevent spreading disease - A lesson they will never forget.

At the end of the presentation, Claire introduced herself to the students and told them that they were rockstars, and that the world needs more people who can think like them.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here: DotComTruths.com

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 9

What are QR Codes?

Accepted Answer

This video explains how QR codes are changing the way we access information in the real world through scanning a new kind of code with a camera phone. It teaches:

How barcodes and QR codes are similar
What happens when you scan a QR code with your camera phone
What scenarios are useful for QR codes and what's needed to scan them
How QR Codes make the real world clickable

Video Transcript:

You’ve probably bought groceries and seen the cashier scan an item to get its price. It works because each product has a code that’s a shortcut. It prevents the cashier from having to look up each item.

Well, these days new kinds of codes are appearing that are scanable with camera phones.

In our online world, everything is linked together. You visit a website, and click a link to visit another site, send a message, view a photo or download a video. A simple click makes everything possible.

On the other hand, our physical world is what you see walking down the street. The problem is – nothing is clickable. You can’t click a URL on a container to see recipes. You can’t click a statue to read about it on Wikipedia. So, you end up having to type in a link, take notes or just keep walking. But that’s starting to change.

You may have seen codes like these. They’re called QR or “quick response” codes and they mean your camera phone can now be a little like a cashier’s scanner.

Once you have an QR reader app on your smartphone, you can point your camera phone at these codes and immediately grab useful information.

Let’s say you’re running errands and walk by a sign that says “New Show Coming Soon” and there’s a QR code. You can just open your QR reader app, point your camera phone at the code and the app will automatically give you options.

No links to remember, no notes - just point your phone at the QR code and the real world becomes clickable.

But that’s just the beginning. Imagine visiting a landmark and using a QR code to watch a video about it. Or scanning a QR code in a newspaper or magazine to email a link to a friend. Or scanning one to follow your local bakery on Twitter.

QR codes are important because, for the first time, they make the real world...clickable.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here: DotComTruths.com

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.

Question 10

What are the Benefits of Saving for Retirement?

Accepted Answer

This video is designed to teach the benefits of using a retirement account for financing a comfortable retirement. It teaches the basic ideas behind retirement accounts, including:

Why saving now matters in the future
How 401ks and IRAs grow over time
How these accounts are different from normal investments
The tax benefits of using a retirement account

Video Transcript:

One day, we all want to retire. After working for most of our lives, we imagine a time when we can stop working and have choice in how we spend our time. Because we're all living longer than ever before, it's going to take even more money to support our retirement. The secret to a financially secure retirement is to start saving now.

Let's meet two retirees to make our first point.

This is Simon. He and his wife worked hard to support their family and now they're retired. They're happy, but feel insecure about money. An unexpected expense could put them in debt. To help, Simon has a part time job at a hardware store. He'd prefer to be fishing or playing with his grandkids, but he doesn't have a choice.

Next, let's meet Caroline. Like Simon, she and her husband worked to support their family and now they're retired. They live a relatively carefree life. They travel, spend a lot of time with family and don't worry too much about money.

Both Simon and Caroline have a long life ahead of them, but Caroline and her husband learned early in life that saving a little bit of money over a long time can make sure they retire comfortably. This wasn't the case for Simon and his wife. They started saving too late.

To retire like Caroline, the first step is understanding how to save for retirement. The basic idea is to start saving now and save as much as possible over a long term.

To start, you'll need a place to save it. It's usually called a retirement account and two examples are 401ks and IRAs. Many employers offer a 401K program or you can open an IRA yourself. Once you have an account, you add a little bit of your income to it on a regular basis so the money you contribute over the years, plus what it earns, creates a fund that's ready to support your retirement. These accounts are meant for a lifetime of savings, so don't plan on touching it until retirement.

To get an account started, you'll work with a representative to decide on an amount that you can contribute to the account with each paycheck. This way, you don't have to think about it - your retirement account grows automatically as long as you have income. And some employers even offer to contribute to your account too. That's free retirement money that will buy a lot of maitais. And remember you have to pay tax on your income. By contributing part of your income to a retirement account, there's less income that's taxable with each paycheck.

The money in these accounts is usually invested in the stock market like a normal investment, but retirement accounts are different. Here's why.

When you invest in stocks normally, they hopefully grow in value. Each year, you have to pay taxes on the money as it grows. That's tax money that could be making you more money. Retirement accounts are designed to protect you from having to pay taxes on your money as it grows year after year. This way, your money can grow faster over the long term. Of course, you'll still have to pay taxes, but most retirement accounts make it possible to delay paying taxes until you withdraw the money. But even considering these taxes, you've been able to build a fund that will support a long and comfortable retirement.

The best thing you can do is start a retirement account as early as possible and contribute as much as you can to your account.

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This FAQ library was created by Eran Bucai. Eran is an online entrepreneur who is passionate about helping people find success building a profitable business online without the high ticket prices and without the marketing hype.

Eran has a tech support membership which you can learn more about here: DotComTruths.com

Eran helps people choose the best software for their business which you can find out more by visiting EranFunnels.com/software.