Dilbert's Personal Finance

We found a very pithy article (at fool.com) by Robert Brokamp about Dilbert's views on personal finance. The essence of the article is quoted as:
Dilbert and the Way of the WeaselIn his book Dilbert and the Way of the Weasel, Adams offered his one-page personal finance book. Here it is:
  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 401(k) 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 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, a tax issue), hire a fee-based financial planner, not one who charges a percentage of your portfolio.
Dilbert's Personal FinanceScott Adams earned a MBA from Berkeley, worked at a bank (got held up twice at gunpoint), and is worth millions. So we presume he knows a thing or two about money.

In an interview with the Akron Beacon Journal, Adams says he read about a dozen personal finance books and began working on one himself. However, he found it all boiled down to the above nine points and he "couldn't figure out how to fluff it up."

We do acquiesce with Scott. How about yourself? Please leave your opinions about Dilbert's simple personal finance :).

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