Front cover image for The index card : why personal finance doesn't have to be complicated

The index card : why personal finance doesn't have to be complicated

Helaine Olen (Author), Harold A. Pollack (Author)
TV analysts and money managers would have you believe your finances are enormously complicated, and if you don't follow their guidance, you'll end up in the poorhouse. They're wrong. When University of Chicago professor Harold Pollack interviewed Helaine Olen, a financial journalist, he made an offhand suggestion: everything you need to know about managing your money could fit on an index card. To prove his point, he grabbed a 4" x 6" card, scribbled down a list of rules, and posted a picture of the card online. The post went viral. Now Pollack teams up with Olen to explain why the ten simple rules of the index card outperform more complicated financial strategies. Inside is an action plan that works in good times and bad, giving you the tools, knowledge, and confidence to seize control of your financial life
Print Book, English, 2016
Portfolio/Penguin, New York, New York, 2016
Nonfiction
245 pages : illustrations ; 19 cm
9781591847687, 9780143130529, 1591847680, 0143130528
928750850
Rule #1: Strive to save 10 to 20 percent of your income
Rule #2: Pay your credit card balance in full every month (and how to deal with other forms of debt)
Rule #3: Max out your 401(k) and other tax-advantaged savings accounts
Rule #4: Never buy or sell individual stocks
Rule #5: Buy inexpensive, well-diversified indexed mutual funds and exchange-traded funds
Rule #6: Make your financial advisor commit to the fiduciary standard
Rule #7: Buy a home when you are financially ready
Rule #8: Insurance: Make sure you're protected
Rule #9: Do what you can to support the social safety net
Rule #10: Remember the index card
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