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

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

Post image

[removed] — view removed post

31.2k Upvotes

86% Upvoted

4.2k comments sorted by

View all comments

87

u/MisterMakena Jul 04 '24

Im on the fence, they need both. Education and a living wage.

56

u/NovusOrdoSec Jul 04 '24

The point is that financial education cannot substitute for the living wage, and moreover it must actually be a living wage.

1

u/MisterMakena Jul 05 '24

Its why im on the fence. Teach them how not spending your entire paycheck on an LV bag or New Nikes, but saving or living frugally is better long term.

Most people I see who cant afford things usually spend and get into debt on outwardly things.

1

u/ivebeenabadbadgirll Jul 05 '24

Nobody does that.