Build Your Financial Safety Net
Select a savings topic to master
• Compound interest is earning interest on your interest. Your money grows exponentially, not linearly.
• Rule of 72: Divide 72 by your interest rate to estimate how many years to double your money. At 8% return, money doubles in ~9 years.
• Time is your superpower. $100/month at 8% for 40 years = $349,000. Start early!
• Emergency fund goal: 3-6 months of expenses in an easily accessible savings account.