Emergencies
The first $500 you save goes here.
What is an emergency fund?
Showing only the monthly payment and not the full price of a product.
What is making the products seem more affordable?
The persistent rise in the cost of goods and services over time.
What is inflation?
The percentage of Americans with less than $1000 saved for an emergency.
What is 47%?
The money the bank pays you to use your money.
What is interest?
An adult's emergency fund.
What is 3-6 months of living expenses?
The main difference between saving and investing.
What is long- versus short/medium-term?
You should begin investing after doing these.
What are being out of college, debt-free, and having 3-6 months of living expenses saved?
A certain amount of money is worth more today than its worth in the future, because of what it can do in the meantime.
What is the time-value of money?
This causes you to have less freedom with your money, because you are paying for things in your past.
What is debt?
Best place to keep your emergency fund.
What is a savings account or money market account?
Decide how much you will need to save and the time frame you want to save it.
What is the proper way to make large purchases?
Most millionaires make less than this amount of money each year.
What is $100,000?
This determines how quickly money will grow.
What is the interest rate?
What is... is it unexpected?... is it urgent?... is it necessary?
What is Murphy's Law?
The Third Foundation
What is "pay cash for your car"?
The most important two habits for becoming a millionaire.
What are consistently investing money and patiently waiting for it to grow?
The reason Jack end up with more money at retirement than Blake had, though Blake invested more.
What is time spent with compound growth?
Three reasons to save money
What are Emergencies, Large Purchases, and Wealth -Building?
The purpose of an emergency fund.
What is to cover an unexpected expense with cash and protect you from having to pile up debt when something goes wrong?
Amount of interest charged on debt but not yet collected (i.e., if "zero-percent interest").
What is accrued interest?
A millionaire's best friend.
What is compound growth?
The secret to saving money.
What is living on less than you make?
Top three careers reported among millionaires.
What are accountants, engineers, and teachers?