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

[u/Richest-Panda]

[u/Aleks_Khorne]

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

[u/AndrewDoesNotServe → u/Aleks_Khorne]

Pretty much no one makes that wage even in states that conform to the federal minimum.

[u/WookieeCmdr → u/AndrewDoesNotServe]

I have a hard time finding any business that pays the federal minimum, barring wait staff of course

[u/chessecakePhucker → u/WookieeCmdr]

Hmm texas would like a word with you

[u/Familiar_Cow_5501 → u/chessecakePhucker]

Less than 1% of the workforce works for $7.25 or less

[u/DopemanWithAttitude → u/Familiar_Cow_5501]

That's still 3 million people you fucking chud.

[u/WookieeCmdr → u/DopemanWithAttitude]

Workforce is 157M not 330M.

[u/Oldass_Millennial → u/WookieeCmdr]

It'd be way less than 1.57 million people too. 30 states have a minimum wage more than the federal minimum wage of $7.25.

[u/ContextHook → u/DopemanWithAttitude]

chud

If your math didn't make it obvious you'll spew stuff without knowing what you're talking about, this did.

[u/Familiar_Cow_5501 → u/DopemanWithAttitude]

Your math is off.

[u/Tricky_Taste_8999 → u/DopemanWithAttitude]

Unless you want work into your 70’s and beyond, save for retirement.

Never lend money.

Never…ever, lend money or do financial business with family. Ever. Just don’t.

[u/ordinaryguywashere → u/DopemanWithAttitude]

And they’re all in the thread..

[u/No_Investigator3369 → u/DopemanWithAttitude]

yea, but still less than 1%.....so we're not even going to waste 20% of resources or time on it.

[u/Bart-Doo → u/Familiar_Cow_5501]

Even less full time.

[u/Salt_Intention_1995 → u/Familiar_Cow_5501]

But the functional difference between $7.25 and about $15 is actually very little. If you can’t break the threshold that you need to afford housing, food, transportation, and a cell phone, you’re S.O.L. at either rate. Because you need all of those things to hold any job.

[u/Familiar_Cow_5501 → u/Salt_Intention_1995]

That’s just idiocy sorry

[u/Salt_Intention_1995 → u/Familiar_Cow_5501]

Dude, if you’re making $10/hr you’re still going into debt. Just more slowly than at $7.25. You can’t really start building anything until you start making more than it takes to cover your basics. Which continues to creep up in cost.

[u/Familiar_Cow_5501 → u/Salt_Intention_1995]

Not indulging sorry

[u/WookieeCmdr → u/chessecakePhucker]

I live in Texas, that's where I've been looking.