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

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Two "robots" found on YouTube today... One: paint this dark grey and it would be the coolest homemade AT-ST (All Terrian-Scout Transport) Halloween costume on the block. Just add a WookieYouTube robots

The movie lived up to the hype. And that's saying quite a bit. Jamie Foxx did an unbelievably good Ray Charles. By the end there were literally a couple of scenesReview: Ray

A while back my daughter got a look at a minute or so of a Godzilla movie. Here is her description of the film (with some interjections from her sister): SorryTuesday TubeWatch: Godzilla... You gotta see that movie!

Every once in a while people post interesting stuff on Facebook, instead of just the inane time-sucking games and narcissism that usually goes on there. Speaking of narcissism, here's a pictureFound on Facebook - episode 2

Given my erratic posting schedule lately no one would probably notice the hole, but I'm going where the internet doesn't reach for a few days so there won't be anyThe Sounds of Silence

You never know what's going to make an impact on your kids. I don't mean an immediate "wow!" impact, I'm talking about the long term stuff. It may not even2 voices + 4 spices = 1 big impact

Wizard Entertainment The "New York Jedi" are making a stop at the "Wizard World" convention in Philadelphia this coming weekend. They'll even train people on sword choreography! Sounds like a funJedi training in Philly

I learned at least two things from this movie: Bobby Darin sang a much wider range of songs than I thought Kevin Spacey can sing Actually, despite the unapologetic fictionalization of Darin's life,Review: Beyond the Sea

SciFi opens a new Stargate : Slice of SciFi As I mentioned in my last post, Stargate: Atlantis has been cancelled and will be wrapped up in a 2-hour movie. INew series - Stargate: Voyager... uh, I mean Universe

Okay, I've been remiss in getting the Doctor Who news out lately. 'Cause I know you all depend on me alone to let you know what's going on with thatDoctor Who/Torchwood news

This post is all about me feeling better about myself and bragging a little. If you can't handle that, well, sorry. I promise the next post will get back toStatistics and Ego Stroking

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,Personal Finance advice from "Dilbert"

I just saved myself 12% in interest fees in a 10 minute conversation. I've been working in earnest to get myself out of credit card debt for a few years now.Saving 12% in interest in 10 minutes

A long time ago, before I knew how to embed videos, I linked out to a David Letterman clip showing Steve Martin and Earl Scruggs (and a bunch of otherTuesday TubeWatch: Banjos and Steve Martin (and Star Wars!)

For the first time ever, this blog is involved in a contest. This isn't like a "who's got the best blog" kind of thing, but one that gives you theWill you win?

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

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7 comments to Personal Finance advice from “Dilbert”

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