Monday's Top News Headlines

Here are today's top news stories from

Feb 3, 2014 at 9:38AM

Here are today's top news headlines from Check back throughout the day as this list is updated, and follow us on Twitter at TMFBreaking.

What to Watch at Merck, CytRx, and Mylan This Morning

Stock Market Today: Herbalife's $1 Billion Bet and Sysco's Challenge

Post Buying PowerBar, Musashi Brands From Nestle

Ford's U.S. Sales Tumble 7% in January

Former Fed Chairman Bernanke Joining Brookings Institution

General Motors U.S. Sales Fall 12% in January

Altria Group to Acquire E-Cigarette Business for $110 Million

United Airlines Finally Calls It Quits for Its Cleveland Hub

Morning Dow Report: Factory Data, Telecom Price Wars Spell Trouble Despite Pfizer Success

Valeant Pharmaceuticals Buying PreCision Dermatology for $475 Million

Biogen Idec Inc.'s Tecfidera OK'd in Europe for MS

Southwest Airlines Co. Will Bring Competition to D.C.

AT&T, Verizon, and Herbalife Fall, as RadioShack's Super Bowl Ad Pushes Stock Up

ISM: Manufacturing Growth Slows to Near-Stop for January

Markit: U.S. Manufacturing Growth Slows to 3-Month Low

Construction Spending Edges up 0.1% for December

North Dakota Flares $100 Million of Natural Gas a Month

Is the Next Groupon Inc?

ExxonMobil Corporation Makes Moves in Permian Basin, Utica Shale

Smith & Nephew to Buy ArthroCare in $1.5 Billion Deal

Report: Freeze Cost California Citrus Industry $441 Million

Given Imaging Ltd. Gets FDA Clearance for Colonoscopy Pill Camera

2 Detroit Automakers Stumbled in January, but 1 Surged Ahead

Fool's Gold Report: Futures Jump $20 on Stock Market Rout; Miners Mixed

Why TASER International, Inc. Stock Is Electrified Today

California: Google Must Move "Mystery" Barge

Box Office: 'Ride Along' Goes 3 for 3, 'Frozen' Tops 'That Awkward Moment'

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A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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