Exploring the importance of avoiding debt in personal finance as a primary strategy, paralleling it to health advice and addressing the common reliance on debt consolidation programs over prevention measures. The chapter delves into the appeal of quick-fix money schemes for those who have procrastinated on saving.
Hacks are hard because shortcuts rarely exist. Prizes take time and effort.
The personal finance industry – filled with advice that sounds and feels good without moving the needle – needs to recognize this.
These aren’t fun hacks, but no one said this was easy.