Allow me to share some of my opinions.

I use the allocation of 70 in stocks and 30 in bonds for my portfolio.  I used the thumb rule of 100-age=allocation in stocks.

Furthermore, I made sure I have 6 months in cash/liquidity to support me in case of emergencies.  I have disability, health, jobless, liability and legal costs insurance only.  I suggest everyone to consider what risks you would like to transfer and buy the appropriate insurance.  Be a smart consumer and do not listen blindly to the agents.  They are not a financial planner and work only to sell as many policies to you as possible.

I set a goal to increase my net worth by 2% monthly or 27% annually and so far it has been possible.  I monitor my net worth using a simple asset/liability spreadsheet monthly.  My assets such as my car are amortized linearly.  I put most of my salary roughly 35-40% monthly into investments such as the stock market, mutual funds and bonds.  With disciplined monitoring and evaluating of my portfolio quarterly, I rebalance the allocation accordingly.

One golden rule everyone should follow is to only invest in money you can afford to lose.  No matter the investment, always understand the risk, and don't just get blinded by the reward.