About me

I'm a geek working as a distance learning specialist for a large corporation.

My Pandora "radio station" profile
This is my favorite way to listen to music now.

My Yahoo "radio station"
(Unfortunately, only works in IE.)

Shopping

Looking to purchase something online? Support Caddickisms by going through one of these links:

Caddickisms Store

Amazon.com

Calendar

November 2008
S M T W T F S
« Oct   Dec »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Topics

Posts by month

Around the site

Another year has gone by, and more fathering lessons have been learned. Hopefully my kids have learned a bit, too. For my part, I've learned - perhaps more than in otherHappy Fathers Day

I've been excited and worried about this one for a long time. Green Lantern is an exceptionally hard character to pull off in live-action. More than most other super-heroes, theGreen Lantern - first trailer

Writer's Blog: J.K. Rowling vs. Airport Security Somebody in the TSA has got to get a grip. [tag]J.K. Rowling[/tag] tried to return home recently and had a run-in with [tag]airport security[/tag]: Airport securityHarry Potter and the Paper-Cut Terrorist

Apple - Trailers - Spider-Man 3 Oh, man. I can't wait for this. I'm impressed by how many effects shots they already have done, and it's still a year before itSpider-Man 3 Teaser Trailer (w/Superman Returns)

Pixar has an amazing track record with its movies. The quality of animation is superb and their attention to story is a cut (or two) above most studios. Their worstReview: Brave

This is just a list of things I saw today that you need to see. Doctor Horrible, Act 1, the 8-bit Nintendo version: Mail truck converted into a Colonial Viper (original BattlestarStuff you just need to see

Let's face it... some stereotypes exist for a reason. Even among native English speakers, in general, programmers are not known for their English skills. I know a few who buckProgrammer English

Well, I had planned on another retrospective post to celebrate 5 years of typing random things into this blog, but the day passed a few days ago and it doesn't5th Blogiversary

Best silent movie EVER!

Two incredible shows are currently on the edge of cancellation, if reports are to be believed, and NBC seems to be saying that they won't even air episodes that wereNBC is sharpening its axe

[caption id="attachment_1690" align="alignright" width="300" caption="Salt Lake City - distant storm at dusk (click for bigger view)"][/caption] Last week I went on my first trip to Salt Lake City, Utah. I willMy Utah trip, or how I could have died at 6400 feet

Slice of SciFi News Briefs - Slice of SciFi Watch the pilot episode of The Sarah Conner Chronicles online! Today only! Fox will post the pilot episode of “Terminator: The Sarah ConnorTerminator TV show online - limited time

CBS to “Jericho” Fans — Watch It In Real-time When It Returns - Slice of Scifi In return for bringing "Jericho" back to TV screens for an abbreviated season to wrapIn a wasted breath, CBS asks for eyes

Were you paying attention in those psychology classes? Do you remember the experiments where a rat was trained to press a lever to get food? It's amazing how relevant experiments on ratsGrilled cheese and the science of successive approximation

Well, apparently you guys are really interested in my death. The last post, I want to end my life, but I'm too lazy, has been the top of the pageMaking a suicide pact

Personal Finance advice from “Dilbert”

Vanguard − The “Dilbert” guide to personal finance

This list from Scott Adams, the creator of Dilbert, is about 2 years old, but I just saw it for the first time, and I think it’s an excellent distillation of the basics of personal finance. It really focuses in on exactly what I’ve been reading about in the couple of years that I’ve been getting more serious about personal finance.

Everything you need to know about financial planning*

  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.

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.

* Dilbert and the Way of the Weasel, Collins, New York, 2002, p. 172.

On the Vanguard page, a bunch of experts weigh in with their opinions on the advice, all of which is positive.

I’ve got #1 and #2 in progress right now. #3 would be next in line. Numbers 4-7 are in various states of completion/planning, though funding the IRA and 401(k) to the maximum is currently a bit of a stretch goal. Number 8? Yeah, well I suppose I’d have to have money left over for that to happen.

These are all long-term goals, but any progress toward them is good. I’m happy that I’m making some headway.

Speaking of goals, and Dilbert:
Dilbert.com

Tags: , , ,

7 comments to Personal Finance advice from “Dilbert”

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge