• 0 Posts
  • 198 Comments
Joined 1 year ago
cake
Cake day: July 10th, 2023

help-circle

  • Even the most skilled money saver in the world, when their income is barely above their necessary life expenses, will fail to save much. Savings is a luxury only the rich can afford much of.

    But you’re right, putting money into the hands of people living paycheck to paycheck, or barely able to save is great for the economy as well as those people personally. Even if they save 10% and spend 90%, it’s tremendously more beneficial than that money going to a wealthy multimillionaire who won’t even notice saving it. For everyone except the multimillionaire, who really isn’t negatively impacted.




  • Yeah don’t listen to Dave Ramsey. I remember hearing him speak on TV as a kid and something just felt off about him, but not quite as bad as Suze Orman.

    I don’t think he’s a scammer, and some of the stuff he says is perfectly sensible and useful, but he (a boomer) also gives advice that isn’t how he got rich, to millennials and co, who will never ever get rich following it. Structurally that makes him pretty out of touch, and suggests anyone who listens to him should do so critically.

    That’s putting aside that he’s also kind of just telling people to do capitalism harder, and everything that comes with that.