Investing

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Last updated 11:10 PM on 6/22/26
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6 Terms

1
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What is the first step before investing?

Save one month of expenses as a safety net.

2
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Why should high-interest debt be paid off before investing?

Because high-interest debt can cost more than your investments are likely to earn.

3
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What is considered high-interest debt in these notes?

Debt with an interest rate above 8%.

4
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What should you do after building a one-month safety net and paying high-interest debt?

Continue building an emergency fund and start long-term investing.

5
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How much should an emergency fund generally cover?

About 3–6 months of expenses.

6
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What is an emergency fund?

Money set aside to cover unexpected expenses or periods of lost income.