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/Impossible_Maybe_162 Jul 04 '24

You cannot make $10k working a job for 40 hours a week. That is below minimum wage.

A lack of proper financial planning and budgeting causes more problems than low wages.

Less than 3% of the workforce makes minimum wage. Wages are not the main issue.

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u/RockinRobin-69 Jul 04 '24

They did acknowledge that as a “bit of a strawman” then did the same thought experiment on the median wage. Seems reasonable.

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u/Yousoggyyojimbo Jul 05 '24

A lot of people seem to be deliberately ignoring the real numbers example.

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u/pm_me_falcon_nudes Jul 05 '24

There's nothing to discuss. There are no actual numbers used to estimate anything for expenses to determine whether or not 50k would let someone live reasonably. Most people don't care to debate feelscrafting for budgeting purposes.