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FINANCIAL FREEDOM ON A 3X5 INDEX CARD

28/12/2013

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Making almost all of the right financial decisions are quite simple when you know what they are.  It's just getting people to do them, like eating vegetables, that can be the hard part.  So in case you just lack the knowledge and you're not a whiny little bitch because you hate spinach.  Here are the financial keys to financial freedom. 

Here is what the index card says in case you can't read Crass Cash's hand writing...

1. Save 20% of your income.
2. Pay off all debt in this order: Credit Card, Auto, Student loans, Mortgage.
3. Max out your 401(k) and IRA.
4. Invest that money into low cost index funds on a regular interval that are diversified into USA and International stocks.
5. When you reach 50 years, start putting everything into bond funds.  
6. Always have health, auto, liability, and life insurance (only life if you have dependents).
7. Buy term instead of whole life insurance.
8. When all else is done, setup a 529 plan for your kid's college education.
9. Create a will in the event that you die too early. 

Print this out and post it on your frig or put it in your wallet.  Just make sure it's some place you'll see it every day to pressure you so that you're working on it, rather than ignoring it. 

-CC

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    This website was created due to the atrociously misguided financial advice that I've heard over the decades.  Financial freedom is not intellectually strenuous, but it takes discipline. 

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