Sounds like a fine idea. I'll be working on mine. Here are Bilbo's Five Laws:
Bilbo's First Law: "Don't let anyone else do your thinking for you."
Bilbo's Second Law: "Don't ask the question if you don't want to hear the answer."
Bilbo's Third Law: "Never pass up a chance to hug your children (and/or grandchildren) and tell them you love them." .
Bilbo's Fourth Law: "Never drive anyplace to which you can walk."
Bilbo's Fifth Law: "Never pass up a chance to go to the bathroom."