Which of the following is NOT one of the Five Foundations of financial success?

The Five Foundations of financial success are designed to provide a framework for managing personal finances effectively. Among these foundations, saving for retirement is actually a critical component, as it emphasizes the importance of planning for one’s future financial security. Retirement savings allow individuals to build a nest egg that will support them when they are no longer earning an active income.

The correct answer highlights that saving for retirement does not belong to the Five Foundations, which include immediate goals such as getting out of debt, paying for college without loans, and building wealth for future generations. These foundations focus on establishing a solid financial base, making retirement savings—even though essential—outside the initial scope of the foundational concepts. This distinction helps clarify financial priorities and structured progression in personal financial management.

In summary, saving for retirement is important and often viewed as a long-term goal, but it is not specifically part of the foundational steps that individuals are encouraged to follow at the onset of their financial journey.