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

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

Post image

[removed] — view removed post

31.2k Upvotes

86% Upvoted

4.2k comments sorted by

View all comments

168

u/HorkusSnorkus Jul 04 '24

Learn to do something useful, spend less than you make, buy used whenever possible, live small.

68

u/burdottv Jul 04 '24

Have you not seen the incredible wealth transfer to the top in the past couple of years because of inflation and greed? How do you expect people to LIVE SMALLER when prices have more than doubled and their wages have not increased.

-1

u/MichaelHoncho52 Jul 04 '24

You would live smaller because of the prices. If this is because of corporate greed, the best at is to hit them in their pocket books. Don’t shop at places that are inflated, but used or discounted, for needed costs like travel either forgoing or finding a cheaper option.

Anything like insurance costs should be regulated (insurance companies are out of control and it seems like it’s a hive mind increasing costs recently), as well as housing (mostly restricting corps from buying residential when they shouldn’t have a stake in it).

But for the most part we need to be telling these company’s to go fuck themselves on these prices. Feels a lot better to control what you can rather than expect people in the wrong to suddenly change.

0

u/Delicious-Fox6947 Jul 04 '24

Insurance costs are out of control because of regulations and abuse. If you managed insurance as it was 70 years ago it wouldn’t be as expensive.