University of Chicago professor Harold Pollack stated that the best personal finance advice “can fit on a 3-by-5 index card, and is available for free in the library — so if you’re paying someone for advice, almost by definition, you’re probably getting the wrong advice, because the correct advice is so straightforward.” His advice about the best financial tips that fit on an index card can be round on NPR. The ideas on the index card are to pay off your credit cards, invest in low-fee index funds, save 10 to 20 percent of your income, max out your 401(k), and not buy or sell individual stocks. (npr.org)
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