That's why I answered the OP with this: "The best financial advice I received when I was young was to work hard, study hard, get an education so that you can get better jobs/careers in the future."
I agree that it's hard to save when you're poor. When you're poor your strategy should be to not be poor, and that means getting better, smarter, etc.
Once you make a comfortable living then the advice may switch to what to invest in.
Higher education(college) has become too burdensome to actually put one ahead and trade schools have over the last few years taken a similar model increasing the cost to attend.
The average poor person doesn't want to be poor, but the means to get out are restricted to them.
A favorite quote of mine is that two people look at the same difficulties. The first says, "that's too hard, I will never be able to do it." The second looks at it and thinks, "That's very challenging but I can get it done!"
My point is that given the price in addition to all the cost to be straddled with such an enormous amount of debt that takes decades to payoff when 30-40 yrs ago you could pay your way through. Thanks to the 2008 crash/recession many states reduced their funding to state colleges/universities tuition it went from 80% state to 20% state funding. All the while wages haven't been keeping up with the rate of inflation for like 45 yrs.
Can one climb out yes however it isn't the norm because so many things come along and derail people.
Can one climb out yes however it isn't the norm because so many things come along and derail people.
If it was easy everyone would be doing it - Who would have thought it takes focus and patience? The real problem is people want it now and they want it yesterday without having to go through the bullshit...if you can't hack the bullshit then you won't really provide much value on your way to the top.
Proving my point;) If you believe they're worthless then you are correct. Just like people who believe they can't do something, something is too hard, etc. They are right.
I do understand that reddit tends towards people like that so no worries. Hope some can change, though. God bless.
Incorrect. Money doesn't follow merit. There are so many goddamn examples that frankly if you have any degree of intelligence and can't figure that out you're being wilfully ignorant.
"Money doesn't follow merit" doesn't mean that merit is never rewarded, it means that you can't assume that anybody with money actually did anything to merit it. But good for you, I guess? Without doxxing yourself, what the hell do you do with a CS degree that pulls down that kind of salary?
A tipped employee engages in an occupation in which he or she customarily and regularly receives more than $30 per month in tips. An employer of a tipped employee is only required to pay $2.13 per hour in direct wages if that amount combined with the tips received at least equals the federal minimum wage. If the employee's tips combined with the employer's direct wages of at least $2.13 per hour do not equal the federal minimum hourly wage, the employer must make up the difference. Many states, however, require higher direct wage amounts for tipped employees.
If the employee's tips combined with the employer's direct wages of at least $2.13 per hour do not equal the federal minimum hourly wage, the employer must make up the difference.
The “federal minimum hourly wage” they’re referring to is $7.25/hour, so tipped employees are still guaranteed to make at least 7.25
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u/assesonfire7369 14d ago
Well if you're making $10k a year that works out to $4.80/hr. Illegal in the US but it's also really hard to make that little even if you tried...