Five hundred dollars in readily available cash to be used only in the event of an emergency; the goal of The First Foundation
Emergency Fund
Percentage paid to a lender for the use of borrowed money (in debt); percentage earned on invested principal (in investing)
Interest Rate
The five steps to financial success
Five Foundations
Saving money over time for a large purchase
Sinking Fund
Interest paid on interest previously earned; credited daily, monthly, quarterly, or semiannually
Compound Interest