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Question

10. The most important rule associated with the saving component of financial planning is:

(A) PYF - Pay Yourself First

B. TVM - Time Value of Money

C. Risk vs. Reward

D. SMN - Save More Now

Answer

A. PYF - Pay Yourself First.

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The most important rule associated with the saving component of financial planning is PYF - Pay Yourself First. This means that before paying any bills or expenses...