John is in the early earnings life stage of financial planning.Which of the following is most important for John to address?
A)The pay yourself first principle
B)Paying off debts
C)A will and power of attorney
D)Establishing a credit rating

Question

Quizplus · Accepted Answer

In the early earnings life stage, it's crucial to establish good financial habits, one of which is the pay yourself first principle. This involves putting a portion of income into savings or investments before paying for expenses or debts. This helps to build up a financial cushion and set the stage for future financial success. While paying off debts, establishing a credit rating, and having a will and power of attorney are important, they can be addressed after the pay yourself first principle is established.

John Is in the Early Earnings Life Stage of Financial