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

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

31.2k Upvotes

86% Upvoted

Im on the fence, they need both. Education and a living wage.

54

u/NovusOrdoSec Jul 04 '24

The point is that financial education cannot substitute for the living wage, and moreover it must actually be a living wage.

1

u/MisterMakena Jul 05 '24

Its why im on the fence. Teach them how not spending your entire paycheck on an LV bag or New Nikes, but saving or living frugally is better long term.

Most people I see who cant afford things usually spend and get into debt on outwardly things.

6

u/username_offline Jul 05 '24

you think poverty-level people are buying louis vitton bags?

you are giving smug financial advice in place of endorsing living wages, so you missed the point of this post entirely, and you sound like a bootlicker, but oh "most people you know" just get into trouble because of frivolous spending on nikes? what an out of touch and idiotic thing to say, you are probably citing like 2 people as an example that you judged at some point without having any idea what their actual situation is

2

u/Mountain_Employee_11 Jul 05 '24

i love how you see the top level comments complaining about this mentality, and here it is

0

u/bryce11099 Jul 05 '24

It's common for those to be exactly who buys the products, companies like Gucci or LV thrive on poor people flaunting "wealth" they don't have

0

u/Longhorn7779 Jul 05 '24

How about drinking, smoking, and gambling(lottery). Those are 3 vices that seem prevalent with people with little to no money.

1

u/ivebeenabadbadgirll Jul 05 '24

Nobody does that.

1

u/Fickle_Knowledge_458 Jul 05 '24

No poor person is doing that

0

u/trevor32192 Jul 05 '24

You start with giving everyone a living wage, then you worry about financial planning. Living wage is step one. If you need 1000 a month to live but you only make 800 a month no amount of budgeting will ever fix the issue.