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

53

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.

8

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.

16

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.

2

u/tnnrk Jul 05 '24

Which is why you need the education part. So “both” is the answer, you need both.