See One, Do One, Teach One

While browsing my buddy arn’s MacRumors site, I chuckled at hp throwing money away at adsense on his site…

You might want to work on your adwords campaign there, HP.

Here are nine, simple, common-sense steps for financial planning. I am blogging about them to keep them in my peripheral brain…

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

This is quoted from this Farrell’s blog post .

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