FILL IN THE BLANK
MURPHY'S LAW: IF IT CAN GO , IT WILL.
WRONG
THE RISE IN THE PRICE OF GOODS AND SERVICES OVER TIME
INFLATION
THE FIRST REASON TO SAVE MONEY IS TO BUILD AN
EMERGENCY FUND
WHAT ARE THE 3 QUESTIONS YOU ASK YOURSELF BEFORE USING YOUR EMERGENCY FUND?
UNEXPECTED, NECESSARY, URGENT
YOU PAY INTEREST AS A ? FOR USING THAT MONEY
FEE
YOU WILL HAVE A FINANCIAL , AT SOME POINT IN YOUR LIFE.
EMERGENCY
IT SAYS THAT ANYTHING THAT CAN GO WRONG WILL GO WRONG
MURPHY'S LAW
THE SECOND REASON TO SAVE IS TO PAY FOR , OR ANYTHING YOU DON'T HAVE ENOUGH MONEY TO PAY FOR NOW WITH CASH.
LARGE PURCHASES
EMERGENCIES DO THIS
YOU ALWAYS WANT COMPOUND INTEREST WORKING FOR YOU INSTEAD OF ?
AGAINST YOU
SAVING IS , PART OF YOUR BUDGET.
ALWAYS
THE MEASURE OF AN INVESTMENT'S PROFIT OR LOSS, USUALLY EXPRESSED AS A PERCENTAGE OF THE INITIAL INVESTMENT
RATE OF RETURN
THE THIRD REASON FOR SAVING MONEY IS TO
BUILD WEALTH
WHAT ARE THE 3 QUESTIONS TO ASK YOURSELF BEFORE YOU BUY SOMETHING?
NEVER RUSH INTO A BIG PURCHASE, DON'T FALL FOR ZERO INTEREST, PAY UP FRONT
INTEREST THAT YOU EARN IS A
REWARD
AN EMERGENCY FUND IS AN , EXPENSE.
UNEXPECTED
IS MONEY YOU SAVE TO COVER THE COST FOR EMERGENCIES WHEN THEY HAPPEN
EMERGRNCY FUND
THIS IS THE FIRST THING YOU NEED TO DO WHEN TRYING TO START SAVING?
SET A REALISTIC SAVINGS GOAL
WHICH QUESTION DOES THIS COMMENT RELATE TO:
TAKE SOME TIME AND WALK AWAY FROM THE STORE DISPLAY AND SLEEP ON IT BEFORE YOU BUY
NEVER RUSH INTO A BIG PURCHASE
INTEREST THAT YOU PAY IS A
PENALTY
MONEY COMES FROM .
WORK
TWO THINGS THAT CAN MAKE YOU A MILLIONAIRE.
TIME AND CONSISTENTLY INVESTING
THIS REASON FOR SAVING MONEY TAKES SOME TIME
BUILDING WEALTH
WHICH QUESTION DOES THIS COMMENT RELATE TO:
THEY MAKE YOU TINK YOU CAN GET A LOAN TO FINANCE YOUR WHEELS WITHOUT PAYING ANY EXTRA INTEREST
DON'T FALL FOR ZERO INTEREST
THE LONGER YOUR MONEY EARNS INTEREST. THE MORE IT WILL ?
GROW
AN EMERGENCY FUND TURNS A CRISIS INTO AN .
INCONVENIENCE
CONCEPT THAN AN AMOUNT OF MONEY IS WORTH MORE TODAY THAN IN THE FUTURE DUE TO EARNING POTENTIAL
TIME VALUE OF MONEY
IF YOU REALLY WANT TO SAVE MONEY, YOU'VE GOT TO
LIVE ON LESS THAN YOU MAKE
WHICH QUESTION DOES THIS COMMENT RELATE TO:
JUST BE SURE YOU CAN COVER THE PURCHASE WITH CASH AND NOT MONTHLY PAYMENTS
PAY UP FRONT
THE KEY TO COMPOUND INTEREST IS TO START SAVING ?
EARLY
IF YOU INVESTED , PER MONTH IN MUTUAL FUNDS FROM AGE 25 - 65, YOU COULD HAVE $3.6 MILLION IN A MUTUAL FUND.
$554
THE AMOUNT OF INTEREST CHARGED ON A DEBT, BUT NOT YET COLLECTED; INTERESTS ACCUMULATES FROM THE DATE A LOAN IS ISSUED.
ACCRUED INTEREST
WHEN YOU SAVE FOR EMERGENCIES HOW MANY PROBLEMS ARE YOU SOLVING AT ONCE?
TWO
WHAT TYPE OF INTEREST IS THIS?
IF YOU MAKE EVEN ONE LATE PAYMENT OR FAIL TO PAY OFF THE BALANCE BEFORE THE ZERO-INTEREST PERIOD ENDS, YOU'LL HAVE TO PAY INTEREST BACK TO THE DATE YOU MADE THE PURCHASE
ACCRUED
THIS DETERMINES HOW QUICKLY YOUR MONEY WILL GROW OVER TIME
INTEREST RATE
48% OF AMERICANS HAVE LESS THAN $10,000 SAVED FOR .
RETIREMENT
INTEREST PAID ON PREVIOUSLY EARNED INTEREST
COMPOUND INTEREST
THE FIRST PROBLEM YOU SOLVE WHEN YOU SAVE FOR EMERGENCIES, IS THAT YOU DO NOT HAVE TO TURN TO A ?
CREDIT CARD
FINISH THE PHRASE:
IT'S OKAY TO HAVE NICE STUFF JUST DON'T,
LET YOUR NICE STUFF OWN YOU
ESSENTIALLY MEANS YOU'RE PUTTING MONEY ON TOP OF MONEY
COMPOUNDS GROWTH
THE POWER OF INTEREST SAYS TO GET STARTED AS SOON AS YOU CAN.
COMPOUND
THE INTITIAL AMOUNT OF MONEY INVESTED OR BORROWED
PRINCIPAL
SECOND PROBLEM THAT IS SOLVED WHEN SAVING FOR EMERGENCIES IS THAT CASH HAS THE POWER TO TURN A PROBLEM INTO AN
INCONVENIENCE
THE THIRD FOUNDATION IS:
PAY CASH FOR YOUR CAR
WHAT IS THE COMPOUND INTEREST FORMULA?
FV = PV(1+R/M)MT
SELF DISCIPLINE WILL LEAD TO A HIGH OF LIFE.
QUALITY
TWO THINGS THAT MAKE COMPOUND INTEREST WORK:
TIME AND INTEREST RATE
TO STACK UP CASH YOU ARE GOING TO HAVE TO MAKE THESE
SACRIFICES
TOTAL US AUTO LOAN DEBT AT THE START OF 2020 WAS ?
1.35 TRILLION
THIS PRINCIPLE SAYS THAT A CERTAIN AMOUNT OF MONEY TODAY IS WORTH MORE THAN THE SAME AMOUNT IN THE FUTURE
TIME