The 5 Foundations
The first foundation in Dave Ramsey’s Foundations in Personal Finance.
What is ”Save a $500 Emergency Fund”.
To give you financial peace and a sense of hope for the future you should avoid ________.
Debt.
”Wise people invest in _________”
What are “themselves”?
The persistent rise in the cost of goods and services over time.
What is “inflation”?
A Blueprint for building wealth.
What is a Budget?
The Fifth Foundation in Dave Ramsey’s Foundations in Personal Finance.
What is “Build Wealth and Give.”
The _ _ _ _ Score is an “I Love _ _ _ _ Score”.
What is FICO, debt?
”We buy things we don’t _____ ,with money we don’t ____ ,to impress people we don’t _____.”
What are “need”, “have”, and “like/know”?
Interest paid on interest previously earned.
What is “compound interest“?
The amount of money calculated by the hours you work multiplied by the amount per hour is called ______.
What is “gross” income?
Get out of Debt.
What is the 2nd Foundation in the 5 foundations of personal finance?
Even though the banks and colleges ”market“ or “brand” it as “good”, there is no such thing as “good” ________.
What is “Debt”?
“A __________ is telling your money where to go instead of wondering where it _______.”
What is “Budget, and “went”?
A list of your investments.
What is “Portfolio”?
The best time to do a budget.
What is “when you get paid”? (Also will take “the beginning of the month.)
Pay Cash for College.
What is the 4th Foundation in Personal Finance?
Almost ___% of Americans are living paycheck to paycheck.
What is 70%
“Debt isn’t a math problem, it’s a _________ problem.”
What is “Behavior”?
#1 The amount of money paid for an insurance policy
#2 The amount you must pay before the insurance company will make a payment.
What are #1 premium and #2 deductible
An item bought without previous planning or consideration of the long-term effects.
What is an “impulse buy”?
The 3rd Foundation in Personal Finance.
What is “Pay Cash for Your Car!”?
The total estimated student loan debt outstanding in America.
What is 1 Trillion dollars? ($1,000,000,000,000)
“You need to _________ as early as you can, to take advantage of __________ interest.”
What are “invest” and “compound”?
What a person earns after payroll taxes and other deductions are taken out.
What is “net income”?
A board with ideas or goals for the future.
What is a “Vision Board”?