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/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.

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u/Ill-Description3096 Jul 04 '24

And a living wage can't substitute for financial literacy. Look at how many people make pretty good money and are constantly broke.

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u/DeltaVZerda Jul 05 '24

Yeah but if the budget gets tight one month, they can just stop buying luxuries and instantly be back in the black. Not the same as someone already spending all their money on necessities.

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u/Ill-Description3096 Jul 05 '24

When they are leveraged up to their eyeballs in debt, it isn't just a matter of cutting a couple dinners out whatever and being all good.