Here are some adjustments and additions I have added to the Dilbert plan:
- Consider a "living trust" instead of a will.
- Adjust the 70/30 ratio for age: Heavier on stocks for those who are younger, heavier on bonds for those who are older.
- Pay for everything in cash but a home and—if you really can't get an employer, grant, scholarship etc. to pay for it—education. That means no auto loans.
- Maintain a good professional and social network and have your resume ready: You'll need both if your main source of cash flow—your job—is unexpectedly terminated.
Do you have any comments? I'd be interested to hear them.