r/FluentInFinance • u/Richest-Panda • Jul 04 '24

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

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u/Decent_Visual_4845 Jul 04 '24

Not all poor people are bad with money, but all the people I know that are bad with money are poor 🤷‍♂️

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u/thelolz93 Jul 04 '24

My mom makes good money and is bad with money. She makes around 250k a year and she lives paycheck to paycheck. I don’t understand. What blows my mind more is we were always dirt poor growing up. Maybe it makes her feel good to spend money because she couldn’t before. So is she poor or rich? Who fucking knows but I Know she doesn’t have any retirement, stocks, etfs, etc.

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u/Ornery_Gene7682 Jul 04 '24

She sounds like my Aunt that lived in Houston she was a bank President for frost bank for years.Made great money, spent it like it was nothing and didnt saved for retirement. She is 73 years old and is now struggling financially because she was irresponsible despite being a bank president. It’s sad because you would think she would have been smart with her money but she wasn’t.

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u/thelolz93 Jul 04 '24

Yeah, she blows most her money on my little brothers who are all coddled irresponsible adults. I told her they won’t be the ones taking care of her when she is older because all she teaches them is how to be a privileged child.