Article Meta

I was going to read the book "The Index Card", but frankly reviews say it's a longwinded book about simple ideas. So I decided to read one dude's opinion on that book & how he'd tweak the index card.

Article Notes

This article a critique of "The Index Card".

The Index Card

1. Strive to save 10%-20% of your income
2. Pay your credit card balance in full every month
3. Max out your 401k and other tax-advantaged savings accounts
4. Never buy or sell individual stocks
5. Buy inexpensive and well-diversified index mutual funds and ETFs (bucket of stocks)
6. Make your financial advisor to the fiduciary standard
7. Buy a home when you're ready
8. Insurance - make sure you're protected
9. Do what you can to support the social safety net
10. Remember this card

The Trent Hamm's Index Card

1. Save at least 20% of your income
2. Pay your credit card balance in full every month
3. Save 2% of your income for every 5 years you didn't save
4. Save in a 401k up to employer match, then max out Roth IRA