The index card : why personal finance doesn't have to be complicated / Helaine Olen and Harold Pollack.

Format:

Book

Author/Creator:

Olen, Helaine, author.

Pollack, Harold A., author.

Contributor:

Lippincott Library Book Endowment Fund.

Language:

English

Subjects (All):

Finance, Personal.

Physical Description:

245 pages : illustrations ; 18 cm

Edition:

Paperback edition.

Place of Publication:

New York, New York : Portfolio/Penguin, 2017.

Summary:

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.

Contents:

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.

Notes:

Includes bibliographical references (pages 219-236) and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Lippincott Library Book Endowment Fund.

ISBN:

9780143130529

0143130528

OCLC:

982061773

Publisher Number:

99975859686