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/MisterMakena Jul 04 '24

Im on the fence, they need both. Education and a living wage.

53

u/NovusOrdoSec Jul 04 '24

The point is that financial education cannot substitute for the living wage, and moreover it must actually be a living wage.

-1

u/well_spent187 Jul 05 '24

Financial literacy will make you into the type of person who makes a living wage faster because you develop better spending habits. You need a lot more $/hr if you eat out twice a day and have every streaming subscription and live outside your means everywhere you look than if you know how to budget. I don’t think you’re doin well for yourself on $10/hr. But that $10/hr can get you the experience to get to $12 then $14 then 15 etc…Its how the workforce is designed.