The Five Foundations

The First Foundation

The first foundation is to save up 500 dollars for an emergency fund.

  • Depending on your age will depend on how much your emergency fund is.
  • Three reasons is emergency fund, purchases, wealth building
  • It's a good idea to open different saving accounts for your emergency fund.

The Second Foundation

The second foundation is to get out of debt

  • Borrowing money is so ingrained in our culture that we can't imagine life without it.
  • Building a credit score causes more harm than good.
  • Debt limits how much we spend our money.

The Third Foundation

Pay cash for your car

  • Bargain shopping is the best shopping.
  • Set a budget to save up for your car "Car payment to your self".
  • Buy a used car.

The Fourth Foundation

The fourth foundation is to pay cash for college

  • Keep a budget so you can pay for college.
  • Don't buy unnecessary items.
  • Never loan money to friends.

The Fifth Foundation

The fifth foundation is to build wealth and give

  • Never use credit cards.
  • Save money.
  • Invest.


Alex Weber

Anthony Smith