Baby Steps
Save 1000
What is Baby Step 1
Replaces lost income due t death
What is life insurance?
Enjoys doing the budget
Who is the nerd?
I love debt score
What is FICO?
Growth, Growth and Income, Aggressive Growth and International
What are the 4 types of Mutual funds?
Fully Funded Emergency Fund
What is Baby Step 3?
Insurance for a specified period
What is term?
Budget Tool/App offered by Dave Ramsey
What is Everydollar?
A Plasectomy
What is cutting up credit cards?
Lowers Risk
Diversification
Pay off your home early
What is Baby Step 6?
Transfers Risk
What is the purpose of Insurance?
Must be zero based
What is the budget?
Stay this animal intense
What is gazelle?
This animal wins every time.
What is the tortoise?
Build Wealth and Give
What is Baby Step 7
Name an insurance to avoid with the initials AD
What is Accidental Death?
Length of time to get in a budget rhythm
What is 3 months?
Steals your future
What is debt?
Are good for long term investments
What are mutual funds?
Use the Debt Snowball
What is Baby Step 2?
A must have for anyone 60 years or older
What is long-term care insurance?
Food, utilities, shelter and transportation
What are the four walls?
Your most powerful wealth-building tool
What is income?
Never do this on your retirement plan
What is borrow?
Invest 15% of your income in retirement
What is Baby Step 4
Replaces income due to a short-term or permanent disability
What is disability insurance?
Feels controlled by the budget
Who is the Free Spirit
Companies use every angel to aggressively compete for this
What is money?
After tax IRA that grows tax-free
What is the Roth IRA?
Save for your children's college fund
What is Baby Step 5
A tax sheltered savings account for medical expenses
What is a Health Savings Account (HSA)
The budget gives you what you never knew you had
What is Control?
The root of most people's money problem
What is behavior?
IRA,401(k), 403(b),457,
What are qualified plans?