10 Habits That Quietly Build Wealth

What does “pay yourself first” mean?

• Spend all your money before saving

• Save money before spending

• Pay your bills late

• Spend money on fun first

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Living below your means means:

• Spending more than you earn

• Saving money and spending less than you make

• Using credit cards often

• Buying expensive things

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Which of these is an example of avoiding debt?

• Borrowing money every week

• Paying bills late

• Using only cash for purchases

• Ignoring bills

Why is tracking your spending helpful?

• It helps you spend more

• You can see where your money goes

• It makes you rich quickly

• It wastes time

What does it mean to invest early?

• Start saving for retirement late in life

• Wait until you’re rich to invest

• Begin putting small amounts into savings or investments as early as possible

• Spend money quickly

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

A budget helps you:

• Buy more stuff

• Win the lottery

• Plan how to use your money wisely

• Spend without thinking

Why is an emergency fund important?

• To buy things on sale

• To pay for vacations

• To cover unexpected expenses

• To pay friends

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Learning about money can help you:

• Lose money

• Make smart financial decisions

• Spend more

• Avoid saving

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

What is true about building wealth?

• It happens overnight

• It takes time and good habits

• You have to be born rich

• Only people with full-time jobs can do it

Being around people with good money habits:

• Makes no difference

• Can help you learn and grow

• Is boring

• Makes you poor

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2