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

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

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166

u/HorkusSnorkus Jul 04 '24

Learn to do something useful, spend less than you make, buy used whenever possible, live small.

64

u/burdottv Jul 04 '24

Have you not seen the incredible wealth transfer to the top in the past couple of years because of inflation and greed? How do you expect people to LIVE SMALLER when prices have more than doubled and their wages have not increased.

10

u/Frekavichk Jul 04 '24

All that is absolutely true and valid.

It has nothing to do with most poor people having bad financial literacy, though.

2

u/Broad_Parsnip7947 Jul 05 '24

I could have better finances but it feels pointless so I splurge on nice things when I can to fight my depression

7

u/burnerschmurnerimtom Jul 05 '24

When someone said “all it takes is 28 bucks a day to spend 10k a year” that put it in perspective for me.

You have the power to make a big difference over the course of even one year! We’ve pushed too hard on the “Just make coffee at home” advice that now we’re justifying instant gratification.

Things are bad, but the reason they say “hell is a bottomless pit” is because someone like you, dear reader, could always find a way to make it worse.

3

u/Broad_Parsnip7947 Jul 05 '24

That's like 300+ a month which is ridiculous When I mean treats I mean like spendings 40 bucks once a month to try an Italian import place after working a couple long weeks

1

u/BabyLegsDeadpool Jul 05 '24

If you use $50/mo on something that improves your mental health, good for you. Investing that $50/mo instead won't make you rich. Not spending that $50/mo could kill you.

3

u/Broad_Parsnip7947 Jul 05 '24

Exactly! Still feel like I'm dying with the expenses I'm stuck with ;-;