|Print List Price:||$14.00|
Save $9.01 (64%)
Penguin Group (USA) LLC
Price set by seller.
The Index Card: Why Personal Finance Doesn't Have to Be Complicated Kindle Edition
|New from||Used from|
Explore your book, then jump right back to where you left off with Page Flip.
View high quality images that let you zoom in to take a closer look.
Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more.
Discover additional details about the events, people, and places in your book, with Wikipedia integration.
Ask Alexa to read your book with Audible integration or text-to-speech.
|Length: 250 pages||Word Wise: Enabled||Enhanced Typesetting: Enabled|
|Page Flip: Enabled||
Switch back and forth between reading the Kindle book and listening to the Audible book with Whispersync for Voice. Add the Audible book for a reduced price of $7.49 when you buy the Kindle book.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Customers who bought this item also bought
—BURTON G. MALKIEL, author of A RANDOM WALK DOWN WALL STREET
“Ten simple, amazingly effective rules unencumbered by the agendas of fee-sucking fund managers or reckless business-media pundits. Highly recommended.”
—NOMI PRINS, author of ALL THE PRESIDENTS’ BANKERS
“The Index Card offers engaging stories, persuasive explanations, and fascinating data. It’s realistic, honest, wise, and compassionate, as well as socially and politically astute.”
—JOE CONASON, editor in chief at THE NATIONAL MEMO
“All parents should buy The Index Card for their children. If they refuse to read it, consider disinheriting them.”
—ROBERT H. FRANK, professor of economics, CORNELL UNIVERSITY
“In a world of relentless financial noise, Helaine and Harold are here to help. This is the best and most important financial book of the year.”
—ZAC BISSONNETTE, author of DEBT-FREE U and THE GREAT BEANIE BABY BUBBLE --This text refers to the paperback edition.
About the Author
HAROLD POLLACK is the Helen Ross Professor of Social Service Administration at the University of Chicago. In addition to his academic work, he writes regularly for The Washington Post, The Nation, The New York Times, New Republic, Politico, and The Atlantic. He lives outside Chicago with his family. --This text refers to an out of print or unavailable edition of this title.
- File size : 4416 KB
- Publication date : January 5, 2016
- Publisher : Portfolio; 1st edition (January 5, 2016)
- Print length : 250 pages
- Word Wise : Enabled
- ASIN : B00W2ZKIOO
- Language: : English
- Text-to-Speech : Enabled
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Lending : Not Enabled
- Best Sellers Rank: #102,164 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
As the title indicates, Olen's and Pollack's answer fits on an Index Card. 1-Strive to save 10%-20% of your income. 2-Pay your credit cards off every month (and minimize other debt). 3-Maximize your 401(k) and other tax-advantaged savings accounts. 4-Never buy or sell individual stocks. 5-Buy inexpensive well-diversified indexed mutual funds and exchange-traded funds. 6-Hire a fee-based fiduciary (avoid commission-based financial salespeople). 7-Wait to buy only as much home as you can afford (remember homes are usually highly-leveraged investments with high maintenance costs). 8-Buy term life insurance, auto-insurance (especially liability), home insurance or renter's insurance, and disability insurance. 9-Support the social safety net (government programs, such as Social Security, Medicare, Medicaid, and student loans, because 96% of American depend on such programs for financial assistance, even though 40% deny obtaining help from the government.) 10-Keep doing the first 9.
Much of this advice falls under easier said than done, but these are achievable goals for someone in a stable financial situation. The authors repeatedly tell readers how to take care of their money during good times, so that they will have money during bad times. The first principle, saving ten to twenty percent of your income will be difficult for people who have gotten used to spending what they make, which the authors acknowledge, but one should at least save as much as possible. Likewise with the second principle, payoff your credit cards every month, easier said than done, but the Olen and Pollack suggest that if you can't pay them off, then stop using them altogether. Psychologically cash is harder to spend than credit. Principle 3 harkens back to principle 1, save 10-20% of your income, only try to save as many pre-tax dollars as possible to reduce your taxes and you're less likely to miss what you never got. Principle 4 is simple, playing the stock market is like playing poker, unless you are exceptionally skilled and lucky (and rich) you will lose more often than you win. Instead, principle 5 suggest that you bet with the house and just try to match the market, since most stock-pickers and fund managers do worse than the market over the long run. The last two principles stress protection for disasters that are too big for you to self-insure with your savings. Finally, like staying in physical shape, staying in financial shape requires frequent repetition.
Through trial and error as well as research, I have come to many of the same conclusions. Recently, I have been able to implement all ten principles. They work well for me, but I wish the Olen and Pollack had said more about costs that seem destined to set one back, such paying for college and home renovations. Nonetheless, I would recommend this book to recent high-school or college graduates just beginning their careers.
P.S. I have taught college courses and published papers on the sociology of money. I have also obtained licenses to sell life and health insurance and mutual funds. Thus, I have been on both sides of the table.
-Start automatic saving today, even just 3-5% of your income and work your way up.
Force yourself to because other forces are working against you.
-Stop trying to live like Diddy.
-Cancel all the subscriptions you aren't needing. There are a lot.
-Anything that makes it easy to buy stuff is bad for you and the planet and your kids and your marriage and your health.
-Cancel any buying clubs or memberships that give you benefits the more you consume.
-Pay off your credit card(s), cancel all but one and freeze it in a block of ice. Then freeze that in another block of ice.
-Put your savings into a low cost index fund and stop pretending to be a day trader.
-Financial institutions, insurers and utility companies are all into the same business: sales. Don't be oversold and ask questions - of yourself first and them next.
-Health, home, car and liability insurance aren't optional. Costs vary and some protection is better than none and some is also better than too much.
-Enjoy what you have. Hoarding more things won't enhance your enjoyment. The simple pleasures are the only true ones.
-Enjoy more free time with your family the free way - a day at the park doesn't cost a penny and is truly priceless....
Top reviews from other countries
Getting back to The Index Card system, I am surprised I haven't seen a book like this offered before. It should have been out there a long time ago. The wisdom in this book is not ever going to be dated. This is a one size fits all book. If you have adult children, order a copy of this book for them.
Ein Stern Abzug, weil das Buch nicht kritisch auf die Rolle des Staates eingeht und weil ungefragt suggeriert wird, dass Steuern/ staatliche Systeme allzeit und in jeder Höhe Berechtigung hätten, solange damit Anderen geholfen wird. Das macht in den USA ein bisschen Sinn (die Steuern dort sind je nach Staat niedrig, moderat oder hoch), allerdings nicht in diversen anderen Ländern, in denen Steuern weiter über dem internationalen Niveau erhoben werden um die Bevölkerung zu kontrollieren und einzuschränken, anstatt ihr zu helfen. Der Teil war mir also etwas zu einseitig.
If your financial advisor isn't already a millionaire, neither will you. If he is a millionaire, you can't afford him.