All the Personal-Finance Books Are Wrong

#1

Post by JazCE » Sun, Sep 04, 2022, 5:39 PM UTC

All the Personal-Finance Books Are Wrong
theatlantic.com

Re: All the Personal-Finance Books Are Wrong

#2

Post by oxfeed65261 » Sun, Sep 04, 2022, 7:36 PM UTC

https://archive.ph/0kI2l

Re: All the Personal-Finance Books Are Wrong

#3

Post by a1445c8b » Sun, Sep 04, 2022, 10:37 PM UTC

Clickbait-y title since the Economics Prof said this around the mid-part of the article:

> Choi emphasized that he doesn’t necessarily think Ramsey’s approach is strategically wrong, even though it is technically fallacious: “I think of it like diet and exercise. You can tell people to eat broccoli and steamed chicken for their whole life. Or you can tell people about cheat meals to get their buy-in so that they’re motivated to stay on the diet.”

Re: All the Personal-Finance Books Are Wrong

#4

Post by _tom_ » Mon, Sep 05, 2022, 12:20 AM UTC

Pure clickbait title.

Re: All the Personal-Finance Books Are Wrong

#5

Post by a1445c8b » Mon, Sep 05, 2022, 1:22 AM UTC

a1445c8b wrote: post #3

Clickbait-y title since the Economics Prof said this around the mid-part of the article: > Choi emphasized that he doesn’t necessarily think Ramsey’s approach is strategically wrong, even though it is technically fallacious: “I think of it like diet and exercise. You can tell people to eat broccoli and steamed chicken for their whole life. Or you can tell people about cheat meals to get their buy-in so that they’re m…

To be somewhat fair, the actual paper it links to is a good read.

https://www.nber.org/papers/w30395

Edit: added direct link to paper.