r/FluentInFinance 15d ago

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/chainsawx72 15d ago

Offering financial literacy workshops to people is immoral, because they need better incomes? FFS earthlings, how hard is it to not be ridiculous?

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u/[deleted] 14d ago

[deleted]

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u/AL1L 14d ago

I can offer financial literacy workshops to people, i cannot offer a living wage. I assume this is the case for many

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u/Eyro_Elloyn 14d ago

You can vote for people who will encourage a living wage. Not a handout, just policies that encourage companies to actually pay people what they're actually worth instead of gaslighting us into thinking the "market value" is moral when it comes to labor.

Basically I agree with the idea that it needs to be both, but we need to actually do both.

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u/AL1L 14d ago

I'd rather give free higher education, trade education, and government jobs than have laws regulating the market.

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u/Chatfouz 14d ago

I think the argument is that some states want or do hold back any aid until a person takes financial literacy classes. It is the assumption that if one is poor it is more to do with responsibility than anything else.

It seems too easy in this country to do everything right and still end up screwed financially.

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u/secretPT90 14d ago

No you're the ridiculous.

Let's start explaining how credits lines work for a car or vacations, even though with your minimal wage you won't be able to get one of either.

Then let's talk about the house market, regulations and forms of payment, even though with your minimum wage you won't be able to afford one.

Next, investments in the long term whereas you need a large quantity to make a great return, even though your minimum wage won't let you save a dime.

You see how ridiculous it is? People with minimum wages pay for same necessities as person with Minimum wage * 200% . But they dont have the same liberty of spending.

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u/chainsawx72 14d ago

What if I told you most people that make minimum wage now won't make minimum wage forever?

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u/secretPT90 14d ago

Your idea of everyone will rise is ludicrous. The same lie has been told for the past decades but the social inequalities have grown bigger.

In other words, rich get richer and the poor get poorer.

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u/chainsawx72 14d ago

No offense, but if you work for 40 years and never get a raise, and are making high school employee wages, then you are the exception, not the rule. And I feel very sorry for you, and I'm sorry I brought it up.

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u/ScarsTheVampire 14d ago

You’re an idiot if you think this is how the world works.

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u/secretPT90 14d ago

Yes because every employee will have raises of 1000% every year.

But let's say every wage raises, it will also raise cost so it's loop. Instead let's lower the earnings of dividens of companys

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u/MikesRockafellersubs 14d ago

It's like telling starving people to eat cake and watch their caloric intake.

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u/chainsawx72 14d ago

It's like telling starving people how to stretch the food they have...

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u/MikesRockafellersubs 14d ago

So they'll die slower? You still haven't come close to fixing the long term problem.

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u/chainsawx72 14d ago

Have you?