Submitted by TreatThompson t3_109fqxj in GetMotivated
Important_Expert_806 t1_j40hrei wrote
Cut expenses, save and don’t take on debt. You can only cut expenses and save so much on a fixed income. For most people it won’t be life changing. I think there is a large aspect of wealth building that they leave out and that’s learning how to use debt to generate additional income. I wish someone taught me that when I was young instead of running up my credit cards on one time purchases or assets that don’t generate income.
TreatThompson OP t1_j41f9zx wrote
Personal finance is definitely a subject where the advice we receive is shakey, all over the place, and could have large impact on our lives in a short time
High up on the list of advice to take with a grain of salt and do your own investigation
EddieMorraPillPopper t1_j4462ob wrote
On a related note, /r/personalfinance has been a great resource for me
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