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:
Compared to 75 years ago, Americans spend less on reading, alcohol, tobacco, clothing, and food. They spend more on education, entertainment, and transportation, but the real bank-breaker is how much more Americans spend on housing, even adjusted for inflation.
The Bank of England confirmed that its new £5 notes contain animal fat. “There is a trace of tallow in the polymer pellets used in the base substrate of the polymer £5 notes,” it tweeted yesterday. There’s a petition underway to replace them with vegan currency. The new £5 notes contain animal fat in the […]
After Automattic (makers of WordPress) announced its control of the .blog top-level domain, Chris Schidle paid more than $200 to pre-register chris.blog. He did so under the expectation that, as Automattic had promised, domains with multiple applicants would go to auction. Eventually he was told the domain was “reserved”—no auction necessary! He got a refund, […]
One of the best ways to progress a career in project management is through earning recognized certifications. These certifications carry significant clout and don’t require expensive tuition or student loans. This Ultimate Project Management Certification Bundle is a great example of an affordable way to get ahead. It includes training for 9 certifications including PMP, […]
There’s nothing quite like the rush of playing against a real human opponent. But from a developer standpoint, creating fun multiplayer experiences is incredibly complex. Fortunately, the Unity3D game engine has made all aspects of game creation, including multiplayer functionality, as accessible as ever.This Unity Course Bundle introduces all of the necessary elements of creating […]
The 2016 World Series game 7 will undoubtedly go down in history as one of the greatest baseball games of all time. With endless suspense, a nefariously-timed rain delay, and extra innings, it reminded over 40 million viewers why they love America’s pastime – and why all bets were truly off in 2016. Savor the […]