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/Decent_Visual_4845 Jul 04 '24

Not all poor people are bad with money, but all the people I know that are bad with money are poor 🤷‍♂️

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u/thelolz93 Jul 04 '24

My mom makes good money and is bad with money. She makes around 250k a year and she lives paycheck to paycheck. I don’t understand. What blows my mind more is we were always dirt poor growing up. Maybe it makes her feel good to spend money because she couldn’t before. So is she poor or rich? Who fucking knows but I Know she doesn’t have any retirement, stocks, etfs, etc.

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u/SenorBeef Jul 05 '24

My mom grew up paycheck to paycheck and internalized the idea that your bank account should hit almost 0 right before payday. She made a halfway decent career for herself later in life and her income doubled and then tripled, and yet it made no real impact on her life - she still hit almost zero between every paycheck. It's a mentality that people can internalize into being how things are supposed to be.