Over at the Washington Post’s Wonkblog, Ezra Klein provides a 4×6 index card compiled by University of Chicago social scientist Harold Pollack that claims to provide “all of the financial advice you’ll ever need.” Pollack’s recommendations are below:
Let’s lay that final recommendation aside, as it clearly wanders off from the world of personal finance into public policy. What do you think of Pollack’s recommendations? If you were compiling your own list, what would you add or subtract from his prescriptions? What do you regard as the most commonly made financial mistakes or the most infrequently exploited means of wealth creation?