Copyright August 23, 2003 3:30 AM CST

By Dr. Michael J. Bisconti

Reviewed By Dr. Edward Johnson


Updated January 28, 2005 10:40 AM CST

Copyright January 28, 2005 10:40 AM CST

By Dr. Michael J. Bisconti

Reviewed By Dr. Edward Johnson










No financial advice is guaranteed to maintain financial independence.  That includes our financial advice.  The reason is that financial advice cannot possibly take into consideration all of the financial variables in the life of everyone who follows such advice.  These variables include one’s present financial worth and how well one follows such advice, to name two.  However, following good financial advice will increase one’s chances of maintaining financial independence.



Guiding Principles


One of our guiding principles in preparing our advice is to keep things as simple as possible.  Therefore, our advice is devoted more to those few things that account for 99% of the maintenance of financial independence and less to the multitude of things that account for 1% of the maintenance of financial independence.  In addition, our advice is as concise (brief) as possible.


Another guiding principle is to continually be striving to improve our advice.  Many sources of information have been and continue to be consulted and new sources of information are continually being added.  Some key sources of information are listed on our Some Financial Information Sources page.  We do not endorse everything on the listed websites.



Rating Scale


The number attached to each item rates its value with respect to maintaining financial independence.  The rating scale is from 1 to 10.  “1” indicates least value.  “10” indicates greatest value.  As more information is obtained, the rating of an item may change.  Please note that a rating lower than 10 still means that you should be concerned about the rated item.  Also, the ratings of items we know will never change appear in italics.