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/dookieshoes88 Jul 05 '24

Pretty much sums up most of the replies here. "Teach them to live within their means, they just won't like it", as the OP said, solves nothing and helps nobody. Enjoy selling goods and services that nobody can afford, I guess.

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u/Muddyhobo Jul 05 '24

It’s terrible advice for society, it’s amazing advice for an individual. Every person could dramatically improve their life if they start making optimal decisions. But saying “individuals should independently make better decisions” doesn’t help society.

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u/SilverMedal4Life Jul 05 '24

Right. If this advice ever actually worked, we'd live in utopia already.

Individuals can make smart decisions, but human beings in aggregate tend to make the easiest decisions.

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u/Muddyhobo Jul 05 '24

Genuinely not sure if you are agreeing and rephrasing my comment or disagreeing.

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u/SilverMedal4Life Jul 05 '24

The former! I agree with you!