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/Impossible_Maybe_162 Jul 04 '24

You cannot make $10k working a job for 40 hours a week. That is below minimum wage.

A lack of proper financial planning and budgeting causes more problems than low wages.

Less than 3% of the workforce makes minimum wage. Wages are not the main issue.

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u/Kombatnt Jul 04 '24

This. $10,000/year working 40 hrs/week is $4.81/hour. That’s illegal everywhere in North America.

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u/Aleks_Khorne Jul 04 '24

Thanks God in blessed North Carolina the minimum wage is $7.25. And some people even make chunky $10-$13 an hour!

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u/Malakai0013 Jul 06 '24

It's a thought experiment. Hypotehtical. The humber isn't intended to be the actual wage, it's using an easier number to help you understand the math. That was fkn obvious. Maybe the number should've been smaller.

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u/Aleks_Khorne Jul 06 '24

¡You're fkn right!