Which financial principles are most essential?

Finance & Economics|

#1Spend Less Than You Earn #2Pay Yourself First#3Understand the Time Value of Money and Leverage Compounding#4Manage Risk Wisely#5Use Debt Strategically and Avoid High-Cost Borrowing#6Plan for the Long Term, Set Goals, and Educate Yourself Continuously

#1Time Value of Money #2Risk and Return Trade-off#3Cash Flows Are the Source of Value#4Market Prices Reflect Information

#1Spend Less Than You Earn #2Pay Yourself First #3Budgeting#350/30/20 Rule#3Needs#3Wants#3Financial Goals#4Live Below Your Means#5Time Value of Money#6Compound Interest#7The Rule of 72#8Risk vs. Return#9Emergency Fund#10Diversification#11Debt Management+7 more

#1The Time Value of Money (TVM)#2Risk and Return Trade-off #3Budgeting

#1Spend less than you earn #2Build an emergency fund#3Avoid high-interest debt#4Pay yourself first#5Invest early and consistently#6Diversify your investments#7Understand risk and return#8Use good insurance and protection#9Keep fixed costs manageable#10Make decisions with a long-term view

#	Entity	Score
01	Spend Less Than You Earn	75.0
02	Pay Yourself First	34.6
03	Build an Emergency Fund	33.2
04	Start Saving Early	30.3
05	Diversification	29.4
06	Manage Risk Before Seeking Return	28.7
07	Avoid bad debt	25.9
08	Time Value of Money	25.0
09	Understand risk and return	23.1
10	Cash Flow Management	21.5
11	Employment	20.0
12	Risk and Return Trade-off	19.2
13	No Free Lunch	16.9
14	Use goals to guide decisions	15.8
15	Understand the Time Value of Money	15.6
16	Save	15.4
17	Automate good behavior	15.4
18	Keep learning and stay disciplined	15.0
19	The Power of Compound Interest	13.5
20	Invest	13.5
21	Wait	12.5
22	Asset Allocation	11.8
23	Understand the "Real" Rate of Return (Inflation)	11.2
24	Tax Efficiency	10.8
25	The Psychology of Discipline	10.5
26	Manage Debt Wisely	9.4
27	Invest for the Long Term	8.8
28	Taxes	8.4
29	Plan for Retirement	8.4
30	Risk Protection	8.4

Which financial principles are most essential?

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