Dave Ramsey Chapter 1

3-6

A fully funded emergency fund is how many months of expenses?

Priority

Savings must become a?

making a one time investment

The annual interest rate doesn't matter when?

Earner

The emergency fund is not a big what?

Negative

The typical American has a what savings rate?

purchases, wealth building, emergency fund

What 3 things should you save for?

whatever can go wrong will go wrong

What is murphy's law?

contentment and emotion

What is savings about?

emergency fund

What is the first thing you should save for?

Roth IRA's and pre retirement plans

You should invest 15% of household income into what?

Pre- authorized checking

helps build discipline in saving

Money Market

place your emergency fund in this type of account

1st baby step

save a $1000 emergency fund

Sinking Fund

saving and paying in cash

Rate of Return

the percentage by which your money grows is called