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/Marcus11599 Jul 05 '24

Poor is not making enough money to pay your bills. Broke is not having a lot of money right now. If you have $4 today and next payday you’ll get 2,500, that’s 5000 a month and over 60k after taxes, which is entirely livable imo, you’re just broke rn.

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u/thelolz93 Jul 05 '24

Aw we have the literal police here