He slid the Emergency Fund jar toward her. “Before you invest a single dollar, fill this with 3–6 months of expenses. That’s your shock absorber. No jar gets touched until this one is heavy.”
He opened a retirement calculator online. “If you put $200 a month into an S&P 500 index fund starting now, at 8% average return, by age 65 you’ll have over $600,000. Wait ten years? Half that.” Fundamentals Of Financial Planning 7th Edition Pdf
Maya felt a chill. Time is the only thing you can’t buy back. He slid the Emergency Fund jar toward her
Maya smiled. She grabbed a marker and six empty coffee cups from the break room. No jar gets touched until this one is heavy
She was 27, employed at a respected marketing firm, and had exactly $11.42 in her checking account. The grocery store cashier looked at her with that mix of pity and impatience she’d come to dread.
“You don’t need the PDF,” he said, tapping the cover. “You need the principles. Let’s build your first plan.”
He handed her a folder. “Inside: quotes for renter’s insurance, term life ($500k), and disability insurance. You’re your biggest asset. Protect your income before you protect your portfolio.”