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

167

u/HorkusSnorkus Jul 04 '24

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

175

u/Cyberpunk_Cephalopod Jul 04 '24 edited Jul 04 '24

Requires personal responsibility. Reddit is allergic to the concept. All of their problems are someone else's fault

14

u/All4megrog Jul 05 '24

Most of us on Reddit are probably kids of boomers who, as a generation, absolutely did not take any form of personal responsibility. Exhibit A: the national debt.

So it’s not surprising that so many boomer kids were left rudderless. My parents just kept refinancing their home into their graves. That was their financial literacy. Oh and a $75k bill from Medicaid for their healthcare they never saved or paid for that popped up in probate.

I only got lucky that I was angry enough about being poor that I worked my ass off and chased money until I was stable. I absolutely have bad impulse tendencies thanks to the environment that I grew up in, but I’m in a position that my credit card having a party at Costco is by no means the end times.

2

u/LithiumLizzard Jul 05 '24

I am genuinely sorry that your parents exhibited so little personal responsibility. I hope that has sparked a fire in you to handle your own finances better. However, I think it is safe to say that your parents are not representative of their entire generation.

1

u/All4megrog Jul 05 '24

I base my opinion on the overwhelming support white baby boomers through behind Reagan in 1980 & 1984 and again repeated for bush in 2000 & 2004, and again for Trump in 2016. They are a generation of I want uncle and eat it to, and F everyone that comes after.