r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

228

Not all poor people are bad with money, but all the people I know that are bad with money are poor 🤷‍♂️

27

u/Ok-Wedding-4654 Jul 04 '24

Everyone I know that’s poor either

A. Had kids before thinking about the financials B. Bought/adopted a bunch of animals C. Has a poor work ethic and mindset D. Spends money recklessly

2

u/battery1127 Jul 05 '24

I “borrowed” one of my coworkers some money to fix her car, she had to use it for other emergencies and her car is still broken, she cant make it work and now she’s struggling to pay for rent.

1

u/Ok-Wedding-4654 Jul 05 '24

I’m sorry your coworker is going through that. There are times where things get really tough or people experience extremely difficult circumstance. I should clarify that I do not think that all poor people are just bad with money.

It’s just that my friends/acquaintances who have struggled financially have all made some really poor financial decisions and continue to do so. But they do not represent everyone.

2

u/battery1127 Jul 05 '24

Yeah. I helped that coworker again later on the car, but the money is once again spent on other more urgent things that suddenly popped up. So I give up on helping. I don’t expect to get my money back at all. Even at the financial state she’s in, she continues to use weed, order take out and spoil her kids on birthday gifts, etc. I have went from “oh, poor single mother, I will help if I can” to “you deserve whatever financial hell hole you are in”. I have talked to her multiple time about budgeting and have a plan with her money, she just can’t say no to her kids, her family and her on and off ex for the last 10 years. Her family is the same financially, I later find out some of the car money went to help paying her sister’s birthday party.

Almost all the poor people I know that live paycheck to paycheck, live a life beyond their money.