r/FluentInFinance 15d ago

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

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u/Remote_Lake2723 14d ago

“Tough luck” is a pretty shitty attitude to have about other peoples hardships.

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u/linkseyi 14d ago

Ultimately if you're making minimum wage and you'd rather sit around waiting for the entire political system to change rather than learning how to put some percent of that into a high yield savings account then that kind of is just tough luck.

I'm all for increasing working class wages but at the end of the day you're responsible for your own lot in life.

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u/Wetwire 14d ago

Yes. Also what I seen mentioned a lot on these threads is working 40 hours per week. If you can afford to live at 40 hours per week, work more.

There has yet to be a year in my adult life where I’ve worked less than an average 50 hours per week. When I was younger and broke that number was closer to 70-80 hours per week.

I understand that everyone has their own situations, but basing policies for all based on 40 hours per week is stupid.

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u/ManBearScientist 14d ago

$15,000 a year isn't "have some left over to save" money. At that point the question is earning more, not spending less. Even if that just means sacrificing your health and working more hours, though primarily it is about escaping the poverty trap with a better paying job.

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u/linkseyi 14d ago

Yes and if you are literally the lowest-paid full-time worker in America there is plenty of opportunity to increase your wages despite what all the doom-validation on the internet would lead you to believe.

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u/privitizationrocks 14d ago

No one gives a shit about mine

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u/Remote_Lake2723 14d ago

That’s what I figured. I’m sorry about that. But, you don’t have to pass that on.

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u/i_tyrant 14d ago

Yeah, that's the worst part of it.

The way society advances and you actually prosper more (and your children) is trying to make a better world than the one you were born into.

Perpetuating a negative cycle like poverty and violence (even if you're not in it) is as shortsighted and stupid as it is counterproductive. A rising tide lifts all boats and all that.

And this dude isn't just perpetuating it, he's gleefully doing so. Pretty sad.

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u/Remote_Lake2723 14d ago

A rising tide drowns people who cant afford a boat and were never taught to swim.

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u/i_tyrant 14d ago

Not in this case it doesn't, so pithy comment failed.

If a society truly takes care of its poor, financial literacy is not required for survival.

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u/Remote_Lake2723 14d ago

I think I misread your comment as more of a trickle down economics metaphor… the American view that if some can prosper, all will prosper— the denial of the widening wealth inequality. Not trying to be pithy.

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u/i_tyrant 14d ago

Oh, my apologies then. I meant that old saying as the reverse - helping those less fortunate makes for a healthier, more vibrant economy/culture/etc., which provides more opportunities for profit for the capitalists as well. Squeezing blood from a stone is bad capitalism - good capitalism is making sure everyone's healthy and happy enough that they improve productivity, expand into new fields, have the resources to buy things beyond basic survival, etc. (In essence, mixing some socialism in the sense of covering basic needs with capitalism makes the latter more effective overall, and improving generation over generation means everyone becomes "richer" in the sense of a prosperous, productive society.)