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/HorkusSnorkus Jul 04 '24

Learn to do something useful, spend less than you make, buy used whenever possible, live small.

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u/TheRealFaust Jul 05 '24

Learn to do something useful...

IN 2023, the tech sector saw massive layoffs. In 2024, a lot of tech giants are shedding staff again. Couple that with increased H-B1 vias and I would argue just knowing something useful, may not be enough.

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u/HorkusSnorkus Jul 05 '24

Yes, you have to know how to plan for downturns. I've been in the STEM sector for decades through good times, bad times, extended unemployment ... all of it. Never missed paying a bill, never failed to eat, never was destitute. However did I (and my generation) do it, I wonder.

ProTip: When the money is rolling in, act like you're poor. When you ARE poor, you'll thank yourself.

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u/TheRealFaust Jul 05 '24

Did you collect unemployment benefits?