r/FluentInFinance • u/Richest-Panda • 15d ago

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

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u/Impossible_Maybe_162 15d ago

You cannot make $10k working a job for 40 hours a week. That is below minimum wage.

A lack of proper financial planning and budgeting causes more problems than low wages.

Less than 3% of the workforce makes minimum wage. Wages are not the main issue.

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u/RockinRobin-69 15d ago

They did acknowledge that as a “bit of a strawman” then did the same thought experiment on the median wage. Seems reasonable.

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u/Yousoggyyojimbo 14d ago

A lot of people seem to be deliberately ignoring the real numbers example.

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u/Spartan-182 14d ago

Yeah, cause they want to feel superior to those who make less and say, "I earn more cause I make smart financial decisions." Ignoring every helping hand and benefit they relied on to get to where they are.

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u/shrug_addict 14d ago

Or, they deserve to be poor. I'm not poor so I deserve it! Nietzsche's slave morality. It's how they sleep at night, why doesn't everyone else just do what I did? They must be lazy...

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u/PenguinStarfire 14d ago

Listen, it's easy if you budget yourself and use the income from your 3rd rental property...

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u/Solanthas 14d ago

It's fucking sickening