The famous “index card” of all financial advice
The Index Card
- Strive to save 10%-20% of your income
- Pay your credit card balance in full every month
- Max out your 401k and other tax-advantaged savings accounts
- Never buy or sell individual stocks
- Buy inexpensive and well-diversified index mutual funds and ETFs (bucket of stocks)
- Make your financial advisor to the fiduciary standard
- Buy a home when you’re ready
- Insurance - make sure you’re protected
- Do what you can to support the social safety net
- Remember this card