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The Five Foundations

By: Kayle Daws, Erin Gick, and

Delaney Williams

The Second Foundation

Get Out of Debt

The Fifth Foudation

Build Wealth and Give

The First Foundation

Save a $500 Emergency Fund

  • Debt can often be the seemingly easy solution to your fincancial problems, but know that it is not.
  • It is so incredibly important to get out of debt if you want to be financialy successful, because you won't ever be able to so if you have debt.
  • So the purpose of this foundation is to get you rdebt out of the way so that you can start building your wealth.
  • In this foundation your money starts working for you.
  • you grow your wealth, which eventually leads you to your financial success
  • Along the way, in your wealth building you need to give and share your wealth with others.
  • This is so important because it is so great to help others and build your wealth so you can finally be financially successful.
  • The main purpose of this foundation is to build your wealth to reach your goal of financial success, but also to share it, which is so meaningful.

The Third Foundation

The Fourth Foundation

Pay Cash for College

  • This is very important because suprises and emergencies do occur and it is key to be prepared for them.
  • It is also important to add more to the account as you get older because you will have more responsibilities, the appromiate amout for when you are older is enough to survive three to six months.
  • This can help you to get to financial success by being prepared and helping you stay out of debt.

Pay Cash for your Car

  • It so easy for us as Americans to see credit as a way to better pay for our large purchases, but it is critical for us to realize that it is much easier in the long runto pay cash for your large ticket items, such as a car.
  • This foundations purpose is not only to help us stay out of debt and away from credit, but it also helps us work on our saving.
  • This step is super significant wheni it comes to having financial succes because in this day and age some many people fall into debt because of the expenses of going to college and ending up having to apply for student loans, which causes many to fall into debt.
  • So in this foundation, the purpose is to keep you out of debt and save so that you dont fall into debt and are one step closer to financial success.
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