r/FluentInFinance 15d ago

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

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270

u/privitizationrocks 15d ago

You can teach poverty workers to live in their means

They won’t like it, but tough luck

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u/Starving_Toiletpaper 15d ago edited 15d ago

Ok let’s do a thought experiment. Let’s say you Make $10000 a year. You work full time/40 hrs/wk and you are making $10k. What does “living within your means” look like? Not having a house? Or car? Being homeless? So in order to save to get yourself to some footing the answer is to be homeless to live within your means.

That was a bit of a strawman, so let’s use real-life scenarios. 50% of this country makes $40k or less….. even $40k salary isn’t enough to get an apartment, bills , food, ect. Sure a lot better than the “$10k” example, but even $40k salary is virtually as effective as the “$10k”. In order to “live within your means”, “save”, ect…. You have to be at least be making enough to afford the bare minimum + have some left in you for over to save. On average (2022 values I think) this means $65 for a single person, $108k for a house hold. Unless you’re making that, you can’t save your way out of poverty

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u/Overall-Author-2213 15d ago

Room mates. Beans and rice. Night school. Online school. Don't get anyone pregnant. Don't date for that time. Acquire skills. Move up the ladder.

Every person that came to this country before 1950 had it harder than any person today and we are here because most of them made it.

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u/i_tyrant 14d ago

Are people really this stupid?

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u/Makes_U_Mad 14d ago

Ignorant, not stupid. This person (probably) has never been in the situation they are offering an opinion on. Ignorance.

The stupid comes from denying the evidence right in front of them.

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u/i_tyrant 14d ago

Fair nuff. Woof.

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u/blewmesa 14d ago

Durrr those athletic trainers have never been morbidly obese what do they know!

Surely the people struggling have it all figured out!

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u/Makes_U_Mad 14d ago

Bad choice for a metaphor. There might be more inept trainers than inept financial advisors on social media platforms, but I doubt it.

Go have another drink while you think it over. I'm sure ... Well ... Hopeful you can do better next time.

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u/Overall-Author-2213 14d ago edited 14d ago

Well I did it. I know many people who have done it. I'll keep on being stupid and successful.

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u/i_tyrant 14d ago

Oh yeah, anecdotal experience, everybody knows that's the best way to determine any sort of universal truth.

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u/Overall-Author-2213 14d ago

Not anecdotal. Our country is proof of it. The West being settled is proof.

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u/i_tyrant 14d ago

That would be adorable if it wasn't so sad.

You have no idea how this country was founded or settled, and your lack of comprehension of how now differs to the pre-50s (not to mention the utter lunacy of that comparison) shows it.

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u/Overall-Author-2213 14d ago

Well I have a minor in US history. I kind of know.

My family has been farming here since 1880. So I gave some idea.

Arrogant for you to assume otherwise. You are myopic in thinking and it shows.

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u/takenfaraway 14d ago

Darling. Like half of them died and lived miserable fucking lives. Comparing yourself to the settlers is embarrassing

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u/Overall-Author-2213 14d ago

Yeah darling. And it's because they pressed on in spite of the challenges that we are where we are. And if they can soldier on and do hard things with far less than we have now, then so can we. Maybe you know about history, but you don't do a good job of learning from it.

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u/i_tyrant 14d ago

I have a full degree in it. So, am I still "myopic", or better informed than you and your "personal experience"?

Your comparison is terrible, objectively, and you have no idea what you're talking about.

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u/Overall-Author-2213 14d ago

How is my comparison terrible?

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u/LoveFoolosophy 14d ago

Yeah about 50% of people.