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How Good is Popular Personal Financial Advice?
Patrick Boyle On Finance
The Differences Between Academics and Popular Personal Finance Authors
For economists, a very basic principle of optimal debt repayment is to prioritize paying down the debt. Many personal finance authors don't recommend this fairly obvious approach at all. Ramsey argues that you need some quick wins or you'll lose steam and get discouraged. Every time you cross a debt off the list, you get more energy and momentum.
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