1st 12 Flashcards

1
Q

irresponsible spending, pretending to be rich

A

visa gold card mentality

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2
Q

deep debt accepted as the norm

A

debt culture

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3
Q

funds running out

A

social security act 1935

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4
Q

unprepared for retirement

A

baby boomers

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5
Q

baby step #3

A

build wealth

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6
Q

safe long term investing

A

mutual fund

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7
Q

income designated is often matched by employer

A

401 k

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8
Q

$1000

A

emergency fund

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9
Q

self control gives us our goals

A

sacrifice to win

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10
Q

just like money, can build or destroy

A

brick

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11
Q

emergency, purchases, wealth building

A

reasons to save

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12
Q

preparation for wealth building

A

baby steps

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