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:
Information is Beautiful has updated their comparison of artist payments on streaming services, estimating that 2.4 million plays on YouTube will net a whopping $1,472 for an unsigned artist. That’s $0.0006 per play!
Because of the UK’s dramatic shift from student grants to loans, a startling report from the Institute for Financial Studies predicts that 77.4% of university graduates in the UK’s class of 2017 will not repay their full student loan obligations. This is up from 41.5% just six years ago in 2011.
You might think every American state is overrun with tech billionaires, given the amount of press they get, but Forbes shows that the richest person in each state is more likely to have made their fortune in fashion, retail, finance, or investing:
If you often find yourself far away from AC power, or just want to guarantee that you’ll have GPS access on your next camping trip, the SolarJuice External Solar Battery is an excellent companion for outdoor adventures. It’s currently available in the Boing Boing Store for $59.99.The SolarJuice has a 26,800 mAh battery capable of […]
Between election hacks, ransomware, and Devil’s Ivy, the cybersecurity space is booming as malware and hackers become more sophisticated. If you’re interested in pursuing a career in ethical hacking, or just want to secure your own devices, The Super-Sized Ethical Hacking Bundle is a great resource.In this bundle, you’ll learn the fundamental skills of ethical hacking, prepare […]
The TREBLAB X11 Earphones are versatile, offer great sound, and are currently $32.99 in the Boing Boing Store.These Bluetooth earbuds are a great workout companion. They’re totally sweat proof and their ear-fins keep them snugly in place during high activity — something that Apple’s AirPods can only do if you were blessed with precisely the […]