The index card: all the financial advice you need

PFi 💵
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PFi 💵

Pay off your credit cards every month! 💵

Here's some solid personal finance advice from Harold Pollack, a professor at the University of Chicago. He's the author of a whole book about this one index card.

Image: Harold Pollack

Pollack says everything you need to know about managing your money can fit on an index card. Among his 10 suggestions are

  • Max out your 401(k)
  • Save 20% of your money 
  • Pay off your credit card every month
  • Avoid actively managed funds since they come with fees
  • Make your financial advisor commit to a fiduciary standard 

A po…