H/t Ezra Klein over at the Wonk Blog
“It’s really hard to be poor (see Pollack's amazing interview on how being poor changes the way people think for more on that). But the lesson here is that once you have an income that you can live off of and save a little bit besides, managing your finances shouldn’t be all that hard. The people making it complicated are often trying to make money off of you.”
algid-star reblogged this from repmarktakano and added:
Good advice. A lot of these are rules that I’ve been trying to follow. Even in the midst of this financial hell.
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It’s pretty easy for things to go wrong or to end up poor. But if you’re luck enough to be able to take it, this is some...
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Here’s my version of the index card: Don’t max out your 401(k); in fact, don’t even contribute to it. Don’t buy into the...
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