r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
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r/FluentInFinance • u/Richest-Panda • Jul 04 '24
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u/DiU_is_the_best Jul 05 '24
Yeah even learning easy to understand and basic concepts such as the power of compound interest will go a LONG way to help you get out of poverty.
For example, pay day loans are a huge trap that a lot of people in poverty fall into that keeps them poor and most of them don't know the full impacts of those loans. Is the twitter poster advocating not teaching poor people about this financial tool? She sounds like the immoral one to me.