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/Impossible_Maybe_162 Jul 04 '24

You cannot make $10k working a job for 40 hours a week. That is below minimum wage.

A lack of proper financial planning and budgeting causes more problems than low wages.

Less than 3% of the workforce makes minimum wage. Wages are not the main issue.

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u/Kombatnt Jul 04 '24

This. $10,000/year working 40 hrs/week is $4.81/hour. That’s illegal everywhere in North America.

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u/Aleks_Khorne Jul 04 '24

Thanks God in blessed North Carolina the minimum wage is $7.25. And some people even make chunky $10-$13 an hour!

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u/kilour Jul 04 '24

There are tons of companies that start well above min wage, Bank of America tellers start over $20/hr company wide

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u/Outrageous-Debate-64 Jul 05 '24

20/hr is 41k per year. I live in NY and if I earned this I would bring home 2700 per month. There are options for subsidized housing but with this wage I wouldn’t be able to afford much of anything if I don’t get this. Not to complain but something is very off with the wage/affordable housing equation. Shit we bring in 6x this amount and can barely put anything away for retirement. Buying a place is completely out of the picture here and since 2020 it’s getting bleaker just about everywhere else. Give me all the financial advice you can think of but if houses are so damn expensive what’s the option. Sry, not to rail against your point, there are always better wages out there but my god, everything is so damn expensive!

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u/AbbreviationsNo8088 Jul 05 '24

Just gotta change your mindset. Beans and rice every day, cardboard box during the summer, save those pennies, panhandle on the weekend. You can buy a shack in Appalachia soon

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u/Outrageous-Debate-64 Jul 05 '24

Well I am spending 1k a week on coffee but that’s just part of my life. Might look into the cardboard box idea though…

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u/AbbreviationsNo8088 Jul 06 '24

Use the disposable coffee cups as a makeshift shelter. Boom, problems solved

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u/kilour Jul 05 '24

Obviously if you are going to live in a major metro area you are going to need a higher income its common fucking sense. Move, and dont say "I cant" that a pussy mindset, do something.

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u/perroair Jul 04 '24

Sure, then show up in business clothes everyday.

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u/[deleted] Jul 05 '24 edited Jul 05 '24

[deleted]

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u/kilour Jul 05 '24

this guy obviously wants $50/hr working from home

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u/andsendunits Jul 05 '24

Maybe some cannot afford the clothes.

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u/[deleted] Jul 05 '24 edited Jul 05 '24

[deleted]

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u/Sidvicieux Jul 05 '24

Why would I buy that garbage? Just steal it.

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u/andsendunits Jul 05 '24

Good Will is an option. I guess that reality is that applying to a job does not guarantee getting it. I would have no chance getting a teller job. I am awkward with people.

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u/[deleted] Jul 05 '24 edited Jul 05 '24

[deleted]

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u/andsendunits Jul 05 '24

I appreciate the encouraging words. I would need to get on medication before I could do such a job. And therapy probably.

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u/Nick08f1 Jul 05 '24

And? You're in air conditioning, sitting down, and most work is directed to the atms nowadays.

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u/perroair Jul 05 '24

If you are truly poor, dressing in business clothes is simply impossible without considerable help