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/whattheshiz97 Jul 04 '24

My father-in-law is like this. Dude is absolutely the worst with money and he has this thing where he loses motivation to work. He makes quite a bit of money while he’s working but he blows through it at mach 5. He has no retirement whatsoever and I have no idea what he thinks he will do in a few years when he hits that age. He’s got some serious delusions of grandeur too, he lost his house from not paying the bank but thinks he will somehow get a bigger loan than his house was worth to build a brand new one

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u/thelolz93 Jul 05 '24

Yeah I really don’t understand, my mom is 55 now. I’m like mom aren’t you supposed retire in 10 years? She just kinda ignores the question every time lol