Andrews Family

Most people who work in an office setting find the comic of Dilbert to be humorous and sometimes very insightful into our own work environments. Well, you might think Dilbert’s creator Scott Adams is even more insightful after reading his book Dilbert and the Way of the Weasels. I haven’t read the book but I did read this article about it which talks about his ‘Unified Theory of Everything Financial’ which is the following 9 point plan:

1. Make a will
2. Pay off your credit cards
3. Get term life insurance if you have a family to support
4. Fund your 401k to the maximum
5. Fund your IRA to the maximum
6. Buy a house if you want to live in a house and can afford it
7. Put six months worth of expenses in a money-market account
8. Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement
9. If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio

For a guy who draws comics, that is pretty good financial advice especially for the young professionals. For more insights into office life you’ll just have to subscribe to Dilbert’s RSS feed.