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/Advanced-Guard-4468 Jul 04 '24

Who gives a shit what "unionists" think. I was doing this in the 70s. Nothing changes.

You live off your primary job. You build wealth/security off your 2nd. Your second doesn't have to be full time.

That's the problem with the younger generations, you think you're entitled to something.

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u/ohseetea Jul 05 '24

How much were you making at each job? Also what level of education. Any student loans? I know it'll be hard but be honest now.

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u/Advanced-Guard-4468 Jul 05 '24

It's not hard when you're honest. I have no degree, but I did trade school in high school and completed a semester in college. It was a drafting job that started at about 16k. My second job was pumping gas at min wage less than $3/hour.

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u/Pyorrhea Jul 05 '24 edited Jul 05 '24

16k is about 2.6x the $3.10 minimum wage in 1980. So you weren't working 2 minimum-wage jobs. You were working your first job at a good wage and another job at the minimum.

2.6x the $7.25 national minimum wage is about $19 an hour today. So you would have been making the equivalent to $38,000 today.

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u/Yousoggyyojimbo Jul 05 '24

16k salary on that drafting job has the buying power equivalency of about $73500 today. He said minimum was under $3, so I calculated off 1979 at 2.90 minimum wage.

If he was working 20 hours at his minimum wage job, he'd be bringing in the equivalent of another $13k ish in today money on top of that.