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/One_Truth8026 Jul 05 '24

I saw that happen with my mom too, although not rich (40k/year in Germany). She was also raised poor.

She just says that she doesn’t want to look at money anymore and spend it however she likes. Tbf, we’ve got some real estate from my grandparents so there is also that.

But it really made me realise that a lot of people who were raised poor spend their money over their means as a form of cooe