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Archive for May, 2008

What are your rules for building a solid financial future?

May 18th, 2008 at 08:23 am

The New York Times featured an article on this yesterday. The five rules cited in the article were
1. Investing is simple (use index funds);
2. It still may be worth paying for help;
3. Peers may know more than professionals (example web sites cited; Savings Advice would qualify but wasn't among the examples);
4. Everything can (and should) be automated (bill paying & investing);
5. Have the talk (with your parents & children to ensure everyone can be taken care of).

I have seen some other good summary posts on blogs in the past--e.g. the "five index card" post at The Simple Dollar blog and the "Three principles of Personal Finance" at mint.com.

Inspired by these, I decided to come up with my own. I posted them at my own site at fiscal-fitness.blogspot.com/--you can go there directly by clicking on Fiscal Fitness Professional under "Sites I enjoy".

What are your rules?