The Five Foundations of Success

By Fawne Maguire & Parker Samples

Save a $500 Emergency Fund

Having a $500 emergency fund will allow you to continue having financial stability if you have an emergency. If you have $500 saved specifically for emergencies, you won't disrupt your savings plan. This will also help you stay out of debt.

Get Out of Debt

Getting out of debt is important because it grows. The longer you have debt and the more debt you're in, the more your debt can get a hold of you.
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Pay Cash for Your Car

Paying cash for your car may seem like an inconvenience at the time but in reality is a great thing you can do for yourself. If you pay in cash, you will be more happy and will not have to worry about another monthly payment.
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Pay Cash for College

Paying cash for college will be a huge challenge if you wait too long. If you start early and plan ahead, it will definitely be worth it in the future.

Gain Wealth and Give

Gaining wealth is very important and easily achievable if you follow the four foundations above. This is the goal that you will be most proud to achieve. Getting to the point were you are gaining wealth allows you to have enough money to donate to a charity which allows you to support something greater than yourself.
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