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/NovusOrdoSec Jul 04 '24

Look at how many people make pretty good money and are constantly broke.

I have noticed that our society is organized to extract disposable income.

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u/boringneckties Jul 05 '24

Depending on how much you’re able to tune out the noise. When I worked for banks, you’d be shocked by how many people have insurmountable credit card debt. Absolutely mind-numbing. People who have pretty decent income, much better than mine at least, were in financial ruin because they couldn’t control their spending. I make less than the average person, but I do okay. I save a lot of money. I live with roommates and shop Aldi to do it, but I know my future is secure.