Five Finance Basics

The New York Times online ran an excellent short article on finance last Saturday. In it, Ron Leiber gives five common sense personal finance practices that we should all be doing and expounds upon each, providing links and resources along the way. I found the article compelling because of Leiber’s adaptation of Michael Pollan‘s mantra.
> The author Michael Pollan offered an elegant seven-word mantra in his best-selling book “In Defense of Food” that provides clarity amid the bounty of choices on supermarket shelves: “Eat food. Not too much. Mostly plants.”

> Boiling down investing is a similar exercise: Index (mostly). Save a ton. Reallocate infrequently.

Take a few minutes and read the article. It is well worth the time if only just to serve as a reminder of sound financial advice.