Emergency Funds
45% of Americans have less than $1,000 saved for this.
Emergency Fund
First step when planning a large purchase.
Saving Plan
Best time to start investing money.
Now
Two key habits: Consistent investing and ________.
Patience
Percentage charged by lender on borrowed money.
Interest Rate
Place where you should keep your emergency fund.
Saving Account
Living on less than what _________ is the best way to save.
you make
A millionaire’s best friend.
Compound Growth
Top careers among millionaires: accountant, engineers, and ____.
Teachers
Initial amount of money invested or borrowed.
Principal
Unexpected car repair is an example of using this.
Emergency Fund
Main reasons for saving: emergencies, large purchases, and ____.
Wealth Building
Growth earned on both principal and prior interest.
Compound Interest
Building wealth helps you do this for those in need.
Give
$300: Interest charged on a debt but not yet collected.
Accrued Interest
Cash reserved to protect against debt in sudden events.
Emergency Fund
Large sums spent on items like cars or vacations.
Large Purchase
Average percentage gain or loss on an investment.
Rate of Return
Having no debt gives you more of this with your money.
Freedom
Persistent rise in cost of goods over time.
Inflation
Amount of months your long-term emergency fund should cover.
3-6 Months
Store trick: advertising monthly payment instead of full price.
Affordability Illusion
Concept that money today is worth more than tomorrow.
Time Value of Money
While hard at first, saving makes life much ____.
Easier
The Fifth Foundation?
Build wealth and give.