It would be fantastic idea if the financial planning is being reduced to a fewer words. Definitely, a list containing fewer words addressing a wide range of issues related to personal finance would be easy going. Someone has done it.
The person who has compiled the list under ‘Everything you need to know about money’ restricted his advice to fewer words. The person is Scott Adams, the famous creator of Dilbert. Well, the cartoonist has a background of economics and its functions, as he is an MBA from the University of California at Berkley.
Following is the list containing advice from Scott Adams on personal finance:
1. Make a will.
2. Pay off your credit cards.
3. Get term life insurance if you have a family to support.
4. Fund your 401(k) to the maximum.
5. Fund your IRA to the maximum.
6. Buy a house if you want to live in a house and you can afford it.
7. Put six months’ expenses in a money market fund.
8. Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement.
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Scott Adams' common sense advice on personal finance
Fresh Comments
on Do You Know About Payday... good article but very short. how about more info ”what is that” ??
for...
on US home builders are feeling... Situation yet not under control, Dollars is rising still people feels that they can not...
on Detached housing losing... Yeah, US real estate and housing industry is always an emerging industry.
on Compare Property Prices...Be... Debt. this word is so scaring in the situation of sub prime. don;t you think?
on Split in relationships might... Cool article and nice information. Thank you.
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