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August 11, 2017 13:58
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Personal Finance Index Card
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Index card financial rules: | |
1) Strive to save 10-20% of your income | |
2) Pay your credit card bill in full at the end of every month | |
3) Max out 401k and/or other tax advantaged investments | |
4) Never buy or sell individual stocks/bonds/securities | |
5) Buy cheap index/mutual/ETF funds | |
6) Make any financial advisor commit in writing to the fiduciary standard | |
7) Buy a home when you're financially ready | |
8) Insurance. Make sure you're protected | |
9) Do what you can towards the social safety nets | |
10) Remember the index card | |
Original idnex card author: Harold Pollack | |
http://freakonomics.com/podcast/everything-always-wanted-know-money-afraid-ask/ |
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