Harold Pollack's advice:
Max your 401k or equivalent employee contribution
Buy inexpensive, well diversified mutual funds such as Vanguard Target 20XX funds
Never buy or sell and 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-advantages 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
Bucky Woody's version is somewhat tighter, and perhaps more approachable to people of all income levels; The Washington Post's Ezra Klein explains.
UPDATE: Gabe Rivera simplifies further:
Over at Democracy Journal, my Institute for the Future colleagues Marina Gorbis and Devin Fidler explore the “digital coordination economy” (aka the on-demand economy) and how “it may take deliberate design choices in platform architecture, business models, new civic services, and public policy to prevent this increasingly seamless “coordination economy” from becoming highly inequitable as […]
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Evan Kimbrell, founder of the digital agency Sprintkick, recently released a series of online courses that feature some of the best advice we’ve come across. These courses are well worth your time, and will save you from making many typical mistakes down the line if you ever want to start your own business.With this Business […]
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