Yea. I have managed to never carried debt. Without that, what’s this guy got to offer me? In fact, the only thing the guy has to offer is the simplest financial advice there is: spend less than you earn.
But then a poor person comes along and says they can’t and his only advice is ‘earn more money’. Because it’s that easy, obv.
The guy is an out of touch chode who had some privileged upper middle class kid think he was the financial messiah once for saying ‘use a budget’ and let that go to his head.
For some people “use a budget” is revolutionary advice. Most people don’t literally track every dollar they spend, although apps and software make it much easier now.
Some middle class and wealthy people make a decent amount of money but spend it all on leasing a few luxury cars and going on vacation. These are the people who “budgeting” works for.
They literally cut back on eating out and save $500 - $1000 per month (“cut back”, not eliminate). They end a lease and save an extra $1000. They use this money to pay off their $50K credit card debt and it’s eliminated in less than 3 years.
Exactly. That’s who his advice is for, but he markets himself as a guru to the poor and they gobble his bullshit right up and spend all their money on his financial peace university that’s just a book full of anecdotes of wealthy people learning how to do what the poors have been forced to do all along.
Not having debt would have been nice, but it’s kind hard when your parents shove you out the door at 17. I worked full time through college, shared an apartment with three other people, and ended up 50k to get a degree in a field that I can no longer work in (my state is currently covering up the murder of a transgender child, and as a fat hairy bearded man, I am legally required to piss in a stall next to teenage girls).
His advice works if you’re an upper middle class person with a supportive family. You can’t budget if you are making 12k a year.
His whole thing is being anti-debt which is probably good for some people, but some people already have no debt
Yea. I have managed to never carried debt. Without that, what’s this guy got to offer me? In fact, the only thing the guy has to offer is the simplest financial advice there is: spend less than you earn.
But then a poor person comes along and says they can’t and his only advice is ‘earn more money’. Because it’s that easy, obv.
The guy is an out of touch chode who had some privileged upper middle class kid think he was the financial messiah once for saying ‘use a budget’ and let that go to his head.
For some people “use a budget” is revolutionary advice. Most people don’t literally track every dollar they spend, although apps and software make it much easier now.
Some middle class and wealthy people make a decent amount of money but spend it all on leasing a few luxury cars and going on vacation. These are the people who “budgeting” works for.
They literally cut back on eating out and save $500 - $1000 per month (“cut back”, not eliminate). They end a lease and save an extra $1000. They use this money to pay off their $50K credit card debt and it’s eliminated in less than 3 years.
Exactly. That’s who his advice is for, but he markets himself as a guru to the poor and they gobble his bullshit right up and spend all their money on his financial peace university that’s just a book full of anecdotes of wealthy people learning how to do what the poors have been forced to do all along.
True. Most poor people are pretty good at managing money because they are forced to. They just don’t have any money to manage.
Thing is, this advice is useless to anyone who straight up has no money and the rich legitimately don’t understand that situation.
Not having debt would have been nice, but it’s kind hard when your parents shove you out the door at 17. I worked full time through college, shared an apartment with three other people, and ended up 50k to get a degree in a field that I can no longer work in (my state is currently covering up the murder of a transgender child, and as a fat hairy bearded man, I am legally required to piss in a stall next to teenage girls).
His advice works if you’re an upper middle class person with a supportive family. You can’t budget if you are making 12k a year.
What?
Nex.
Ah. It’s sad I had to ask for clarification as to which one.