October 10, 2006
Dilbert's 9 point guide to finance
'Dilbert's' 9-point financial plan worthy of economics Nobel - MarketWatchFortunately for America's 95 million investors, Adams' secret nine-point formula was finally revealed in "Dilbert and the Way of the Weasels." Notice its simple brilliance in the exact reproduction of his formula:
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 401k to the maximum
5. Fund your IRA to the maximum
6. Buy a house if you want to live in a house and can afford it
7. Put six months worth of expenses in a money-market account
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
9. If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio
good to know
Posted by TY at October 10, 2006 12:36 PM
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Comments
As welcome as flowers in May. Rebecca.
Posted by: Rebecca at October 27, 2006 7:48 AM
As welcome as flowers in May. Rebecca.
Posted by: Rebecca at October 27, 2006 7:51 AM
