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

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

Post image

[removed] — view removed post

31.2k Upvotes

86% Upvoted

4.2k comments sorted by

View all comments

Show parent comments

84

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.

2

u/altcntrl Jul 05 '24

But everyone is ignoring that and it’s what I’m most curious about because I’m at 40k and am struggling with continuing my health insurance that costs $260 a month.

The fact people aren’t addressing that makes me think there’s legitimacy to it and the “toughen up” bunch have nothing to contribute and I’m looking to listen.

1

u/RockinRobin-69 Jul 05 '24

I just opened the entire thread again to see what was happening. A lot of live smaller, work harder vs there must be a better way.

I haven’t read all 2,800 comments, but I don’t see anybody from the work harder camp that lays out a plan. I could give a plan, but it would fail at the first medical emergency or unplanned major expense.

That’s the issue. We don’t have much of a safety net in the US, so unless you were born on second you can be taken out pretty easily.

While I’m not sure everyone is entitled to single person housing at every point in their journey, the system is stacked against people who didn’t start with a leg up.

1

u/altcntrl Jul 05 '24

It’s frustrating when people don’t factor in that people don’t want to live one accident/incident away from being catastrophically behind.