Agree/Disagree The amount of money you save depends on how much you earn. The two biggest factors in compound interest and building wealth are time and the initial amount of the investment. It is okay to use your emergency fund to pay cash for big purchases such as a TV or a cell phone. You should pay yourself first before you pay bills.

Saving/Investing Interesting Facts 70% of consumers live paycheck to paycheck The United States has a -0.6 savings rate Only 41% of Americans save regularly 1 in 4 teens agree that since they are young, saving money isn’t that important 12% of teens have stocks and investments in an account that is held in their name

Quotes “If you do the things you need to do when you need to do them, then someday you can do the things you want to do when you want to do them.” - Zig Ziglar “If you live like no one else, then later you get to live like no one else.” - Dave Ramsey

Saving Saving must become a priority. Always pay yourself 1st. 3 basic reasons you should save money: 1. Emergency Fund 2. Purchases 3. Wealth Building

Saving for Emergency Fund Emergencies WILL happen. An emergency fund is insurance, not an investment. Recommendation: $1,000 in an emergency fund as fast as you can ($500 for you) 1st savings priority Protect yourself from Murphy’s Law

Saving for Purchases Instead of borrowing to purchase, save money and pay cash. **Examples** Remember, you should pay cash for goods that depreciate in value

Saving for Wealth Building It is difficult to save for Wealth Building. You must be disciplined. 80/20 Rule: (80% behavior, 20% head knowledge) Anybody can learn to save! Building wealth is a marathon, not a sprint. Compound Interest is a mathematical explosion. Start now!