Can The Best Financial Tips Fit On An Index Card?

  • Max your 401(k) or equivalent employee contribution.
  • Buy inexpensive well-diversified mutual funds such as Vanguard Target 20XX funds.
  • Never buy or sell an individual security.  The person on the other side of the table knows more than you do about this stuff.
  • Save 20% of your money.
  • Pay your credit card balance in full every month.
  • Maximize tax-advantaged savings vehicles like Roth, SEP, and 529 accounts.
  • Pay attention to fees.  Avoid actively managed funds.
  • Make financial advisor commit to a fiduciary standard.
  • Promote social insurance programs to help people when things go wrong.
via All Tech Considered – NPR