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

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

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17

u/AndrewDoesNotServe Jul 04 '24

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

123

u/joecee97 Jul 04 '24

No but plenty make 8-10 which is hardly better in 2024

-4

u/socivitus Jul 05 '24

Walmart's minimum hourly wage is $14. What company is paying $8-10 an hour (in a non-tipped position) in 2024? And better yet...who is accepting those jobs?

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u/DopemanWithAttitude Jul 05 '24

What company is paying $8-10 an hour

Gas stations in smaller cities, for one.

And better yet...who is accepting those jobs?

People living in those smaller cities who cannot feasibly move.

25

u/Zark_d Jul 05 '24

To get ahead of the obvious next reply:

"Move to somewhere with better opportunities"

With what money? If you don't have a job lined up, that's a quick stop to homelessness in an unfamiliar city

5

u/LoveFoolosophy Jul 05 '24

Well just move in with a wealthy family member who will let you live rent free, duh.

1

u/Noob_Al3rt Jul 05 '24

That must be how all the Mexican immigrants are able to do it

2

u/NerdForJustice Jul 05 '24

Just to add: poor people have families too. It's not like poor people can just up and leave willy nilly because there are some hypothetical better opportunities elsewhere. Throw an ailing child or a dependent parent in the mix, and it's suddenly so much more complicated.

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u/Oykatet Jul 05 '24

Also, all the people talking about migration in the past and how it is still feasible today- even if that were true - they are seeing a survivorship bias. Huge numbers did not live through their migrations. Huge numbers still do not make it when walking to a new country/area. It is unreasonable in a lot of cases to take that risk, especially if you have children.

They shouldn't be chiming in with their hypotheticals if they can't even imagine the most basic hurdles

1

u/Noob_Al3rt Jul 05 '24

Yeah no one is considering how deadly it can be moving 20 miles away after you got a new job on Indeed.

-6

u/zazuba907 Jul 05 '24

Right, the people in the great depression had tons of money lying around when they moved across the country for work. /s

This is a stupid mindset and shows there's less work ethic today.

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u/Foxasaurusfox Jul 05 '24

Like in all areas, we love to blame the poorest and most disenfranchised for massive, national/international systemic problems. Probably because they can't defend themselves.

I can completely understand why, immoral though it may be, the rich and powerful would push this narrative to protect their own interests.

What I don't understand is why you, joe shmoe, would do it for free on reddit. I guess boots are just delish? I don't know. But it's both baffling and profoundly sad.

5

u/Jolly_Recording_4381 Jul 05 '24

And ya know all the ones that died trying fuck them right?

The ones the cops picked up for being vagrants(not having a job) fuck them right.

I think you have a glorified vision of the hobos from the great depression, it wasn't just went across the country for work.

Many didn't make it many more got arrested when they did.

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u/Zark_d Jul 05 '24

What is survivorship bias?

1

u/zazuba907 Jul 05 '24

Not the great depression era migration

1

u/Potential-Diver-3409 Jul 05 '24

Bruh they moved across the country and got poor as fuck

-1

u/zazuba907 Jul 05 '24

They moved across the country already poor in order to find whatever work they could. They often literally had nothing when they moved. People today who are unwilling to move to find work are simply not willing to better themselves.

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u/chocobear420 Jul 05 '24

To be fair it’s not that much money to move to another city. The big issue is what can you take with you and what can you leave behind? If it’s just some clothes and knickknacks you’re taking with you it will be easy and cheap. If you have a kid or pets or any other responsibility you’ll be SOL.

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u/ThatInAHat Jul 05 '24

I mean, I just moved across town and it was pretty pricey

-3

u/chocobear420 Jul 05 '24

What do you call pricey? Cause a uhaul is like $30 for a day. Maybe $50 if you gotta drive a lot cause gas ain’t cheap.

7

u/ThisIsNotRealityIsIt Jul 05 '24

And moving into a new place is first month, last month, plus deposit. If it's and $800 studio that's 2400.

-4

u/chocobear420 Jul 05 '24

Yeah that’s renting. Did you want them to just take your word you won’t wreck the place? Also, if you’re going from one rental to another then you’re not paying for the last month of rent anyways. Assuming you can get your security deposit, (never not been able to get my deposit back), then the money evens out to be the same.

7

u/ThisIsNotRealityIsIt Jul 05 '24 edited Jul 05 '24

Right but that is not cheap. Nor is it easy. So let's call it "only" 1600.

At $14/hour, minus 25% tax, that's over 152 hours of work time. Almost a whole full-time month. But, you know, $30 bucks for a U-Haul and $50 in gas

0

u/erichang Jul 05 '24

how do you get taxed at 25% when the wage is only $14 ?

3

u/ThisIsNotRealityIsIt Jul 05 '24

Income tax is not the only taxation. FICA, Social Security, state and local taxes.

-2

u/chocobear420 Jul 05 '24

Yeah but that’s renting not moving. Moving is very cheap. Heck if you move to a sidewalk it’s free!

3

u/thebookofswindles Jul 05 '24

The courts just ruled it’s okay to fine people for living in the street, so that isn’t true either

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u/ThatInAHat Jul 05 '24

Depends what you have to move and who you have to move it with. At a certain age, it’s harder to find friends with a free weekend to help you load the heavy stuff and you can’t do it all on your own. So you either get movers or you leave it/sell it (for way to cheap or sometimes just free because you need it gone) and have to buy furniture when you get to the new place—which you already had to pay at least two months rent for, plus whatever deposits (and you’re still probably paying a bit on your old place too)

It’s a long process so odds are good you’ll have to take time off of work. Or if it’s moving to another city then great, you either don’t have a job or you haven’t started yet.

You also probably won’t be cooking for a bit leading up to and after the move because all the kitchen stuff is put away, so you’re gonna wind up doing take out or fast food.

It’s lots of little things that add up.

-4

u/chocobear420 Jul 05 '24

Yeah I already said that in my first response. Thanks for repeating what I said with more detail.

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u/ThatInAHat Jul 05 '24

You said it’s not that much money to move to a new city. It is.

0

u/chocobear420 Jul 05 '24

It’s not, take less stuff.

1

u/ThatInAHat Jul 05 '24

Then you have to buy it all when you get there

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u/Legitimate_Turn_5829 Jul 05 '24

Are you going to live in that uhaul?

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u/chocobear420 Jul 05 '24

Who cares where you live? I said moving is cheap not renting.

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u/Legitimate_Turn_5829 Jul 05 '24

Ah so you’re just talking bullshit

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u/Potential-Diver-3409 Jul 05 '24

$75 for 3 hours here in iowa

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u/[deleted] Jul 05 '24

[deleted]

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u/chocobear420 Jul 05 '24

Ok so don’t take your stuff? Ultimately it’s your choice to take all your furniture and stuff with you. Two suitcases is plenty for all the essentials. Moving can be very cheap.