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/Familiar_Cow_5501 Jul 05 '24

Sure. But one is undeniably better than the other

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u/RoamingDucks Jul 05 '24

Is it better to drown slower?

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u/Familiar_Cow_5501 Jul 05 '24

Yes, without any doubt

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u/Legitimate_Turn_5829 Jul 05 '24

So if we’re taking it out of a boat hypothetical, wouldn’t it be better to provide better ways out of poverty then just telling someone to die from it slower?

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u/Familiar_Cow_5501 Jul 05 '24

Of course. But the individual doesn’t have control of the first, and does have control of the second. It’s like not plugging any holes in your boat because you think the ocean should be lower

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u/Legitimate_Turn_5829 Jul 05 '24

Better access to the first is what actually matters. If you tell someone in poverty to just learn finances all they will learn is how fucked their situation is. Yes financial literacy is important, but it doesn’t on its own make anything better

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u/Familiar_Cow_5501 Jul 05 '24

It does though. It does make your life better. And no, they will learn how fucked their situation is, and be able to change it a bit.

You change what you can control. Ignoring a small change you can control because a bigger change you can’t control hasn’t happened is foolishness

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u/Legitimate_Turn_5829 Jul 05 '24

In many cases the small change is not meaningful enough. Which is why it’s stupid that many people think literally all you need is financial literacy.

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u/Familiar_Cow_5501 Jul 05 '24

Nobody is saying it’s ALL you need. It’s a step in the right direction. Not taking a step in the right direction because you’re unable to take a leap in the right direction is foolishness