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An initialism of "early money is like yeast," a shortening of the phrase "early money is like yeast, because it helps to raise the dough." The phrase refers to the fact that early investments can help generate the growth of large amounts of money in the future and puns on the slang meaning of "dough" (money). Used especially as a maxim in political fundraising. You've got to keep EMILY in mind as we raise money for our candidates. If we don't get the jump on fundraising now, we won't have a chance of making gains in the Senate. You really ought to start investing as soon as you can. Just remember the acronym EMILY—the sooner you start, the more dough you'll raise by the time you want to retire!
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.