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THE FIVE FOUNDATIONS
The End of the five foundations.
Build Wealth and Give
Building wealth is a marathon not a sprint
The third thing you save money for is wealth building.
Discriplant is the key ingredient when it comes to wealth building
Save a $500 Emergency Fund
Pay Cash for your CAR
You should do this as quickly as possible.
When you're in high school, you won't have the same emergency expenses as your expenses (like needing to put a new roof on the house. for you, a suprise expense might be fixing a flat tire or replacing a broken cell phone.
An emergency fund allows you to have money available fo any surprise emergency.
You need to pay cash for your car so you could use a car to go from place to place wherever you need to go in any vehicle you like
Pay Cash For College
Get out of Debt
1. Quit borrowing more money
2. You must save money
3. Sell something
4. Get a part-time job or work overtime (temporarily)
5. Use the debt snowball method
You need to pay cash for college cause after you graduate from high school you'll need to get a education in college so you can get a education after you graduate from college and it's very important to go to college cause once you get into college like PVCC or UVA COLLEGE you can start getting an education in college and get some money for your family and friends so they can have a car, a house, or a job.