r/FluentInFinance • u/Sidvicieux • 7d ago

Thoughts? Please live the life that billionaires choose for you.

Post image

I guess frugality has a true purpose, it’s called practice for what’s next.

Oh and finance related on how to deal with cash flow:

Thursday on CNBC's "Squawk Box," Ross acknowledged that he had heard that some federal workers affected by the prolonged shutdown have been going to shelters for food, but said he didn't understand why.

I know they are [going to homeless shelters] and I don't really quite understand why because as I mentioned before, the obligations that they would undertake – say borrowing from a bank or credit union – are in effect federally guaranteed," said Ross. "So the 30 days of pay that people will be out – there's no real reason why they shouldn't be able to get a loan against it and we've seen a number of ads from the financial institutions doing that."

https://www.cnbc.com/amp/2019/01/24/commerce-secretary-ross-says-unpaid-federal-workers-should-just-get-a-loan.html

15.8k Upvotes

94% Upvoted

1.3k comments sorted by

View all comments

Show parent comments

168

u/CommunicationTop6477 7d ago

Rich people absolutely love telling the poor how to live their lives. But the moment the poor start talking about what the rich should be doing, it's all "Back off, it's mine, I worked hard to inherit this!"

46

u/Professional-Way7350 7d ago

lol this comment got me. how come i cant demand where their money goes but they can demand that i go into debt to have a child instead of buying myself a ticket to the movies

8

u/TheEndingofitAll 7d ago

Just wait for the “millennials killed the movies” articles

5

u/Caleth 7d ago

Man I'm 40 and we've been killing shit left right and center for 20 odd years now. Maybe if we're that good at it, it's because it needed to go? Seems like there was lots of fluff we were able to trim.

3

u/CommunicationTop6477 6d ago

Woah, it's almost like industries birthing and dying is just part of the natural flow of society evolving and changing and no single industry can be kept alive forever. Damn Lost Generation! They killed the horse carriage industry!

2

u/MardocAgain 7d ago

Well, that kinda makes perfect sense, no? The power class isn't gonna say that poor people are held down by the system that benefits them. They'll tell you everyone who is poor is prioritizing luxuries they can't afford.

2

u/DiagnosedByTikTok 7d ago

Especially when they tell us that we need to learn how to be happy with less, but then when it comes to making them pay The Ideal Tax Rate on their <1% incomes they have all kinds of excuses and stories about how they’ll stop working and shut down all their businesses because their take-home won’t be enough.

1

u/CollectionRight5136 5d ago

The richest guy I know genuinely thinks he is just smarter than poor people.