Once again I am delighted at the thoughtfulness of the comments my readers have. Thank you for sharing your experience and your sons experience with the Baby steps.
As I read your comment, I’m reminded of a dilemma I’ve been facing as someone who is constructing a personal finance course. The tug of war between “simplicity” and “efficiency”.
Dave’s program is very simple and that means a very large group of people can understand and follow it.
As I point out in the article I don’t think his advice is “efficient” or optimal. But one thing I will never deny Dave is his ability to get people to change their behaviour, which is the most important aspect of turning your finances around.
the simplicity-efficiency dilemma is one I will continue to think through as I believe the right balance is critical.
Thanks again for the lovely discussion.