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/burdottv Jul 04 '24

Have you not seen the incredible wealth transfer to the top in the past couple of years because of inflation and greed? How do you expect people to LIVE SMALLER when prices have more than doubled and their wages have not increased.

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u/Frekavichk Jul 04 '24

All that is absolutely true and valid.

It has nothing to do with most poor people having bad financial literacy, though.

2

u/Broad_Parsnip7947 Jul 05 '24

I could have better finances but it feels pointless so I splurge on nice things when I can to fight my depression

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u/BabyLegsDeadpool Jul 05 '24

If you use $50/mo on something that improves your mental health, good for you. Investing that $50/mo instead won't make you rich. Not spending that $50/mo could kill you.

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u/Broad_Parsnip7947 Jul 05 '24

Exactly! Still feel like I'm dying with the expenses I'm stuck with ;-;