17/06/2026
I get a lot of requests for more cheat sheets of personal finance terms, so here is v2 of the personal finance definitions cheat sheet!
It's tempting to want to jump right into investing when you realize how important it is to start early, but there is one more thing that is MORE important than starting early. That would be LEARNING.
If you start early but don't understand what you're doing, you're only going to set yourself back.
My suggestion:
1️⃣ Learn basic terms about investing (like the ones here and other terms I use in my content)
2️⃣ Understand all the different investment accounts (brokerage account, IRAs, 401(k)s, HSA, 529)
3️⃣ Understand all the different asset classes (stocks and bonds would be a good starting point)
4️⃣ Understand WHY you should be investing in diversified low-cost index funds
Once you have all of those down, which should only take a few days, THEN you can start investing.
Starting early is important, learning why you're starting early is probably more important.
P.S. Car insurance rates have been up a LOT in the past year. If you haven't price shopped your rate in a few months, comment "car" and I'll send a quick quiz to you on messenger so you can see if you can save any money (free quiz, takes