Serious savings advice from a comic strip creator

The cartoonist Scott Adams, whose Dilbert comic strip is a valuable educational tool that teaches what corporate life is really like, has also written some of the best personal finance advice that I have ever read. Here's a 'book' that he has written on investing. He calls it 'Everything You Need to Know About Financial Planning'. The book is 87 words long. That's words, not pages. Here it is, in its entirety: Make a will. Pay off your credit cards. Get term life insurance if you have a family to support. Fund your 401(k) to the maximum. Fund your IRA to the maximum. Buy a house if you want to live in a house and you can afford it. Put six months' expenses in a money market fund. Take whatever money is left over and invest 70 per cent in a stock index fund and 30 per cent in a bond fund through any disc