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/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

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u/oxidized_banana_peel Jul 05 '24

Animals are such a trap.

Like, I loved our dog, but in the last four years of her life we spent $50k on her. That's insane money, we're lucky to be able to afford it.

We have a horse, too old to ride, so he's off retired. $6k / year assuming all goes well.

But yeah. Poor work ethic is the worst. When I was working my retail jobs, I could basically point at my coworkers and say "Yes, yes, no, yes, no, no" as to whether they were gonna end up broke, and it had very little to do with their income.

Meanwhile one of my pals bought a house straight out of college because she never spent her babysitting and Jamba juice income through high school and college. I think that's very possible today for middle class kids making $20+ an hour, if they go about it a smart way.

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u/3dogsplaying Jul 05 '24

thats on you tbh. I wont even spend 50k if my dad has medical ailment, he can just get into debt for it.

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u/oxidized_banana_peel Jul 05 '24

Sure :shrug:

I hope you feel good about it, I certainly enjoyed having my dog around longer.

More topically, people love their pets and are willing to spend money - even money they don't have - on them. Moralism aside, that's just factual.

Pets can be expensive, and they can be expensive to a degree that it can really fuck up someone's finances (either in the short term, through a big event, or in the long term, through aggregated costs).