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RaoulDook

RaoulDook@lemmy.world
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It really seems like you’re imagining a bunch of things I never said anything about, because you want to get on your soapbox and talk more about poverty. Everything I suggested is completely achievable by many of those in poverty, to which I speak from personal experience.

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I disagree with the assertion points 1 through 6 are factual. Those are all extremely broad generalizations based on assumptions you hold. Some of those things do happen on occasion of course, but it’s not a railroad track of 1 leads to 6 with no other possibilities. The financial industry is heavily regulated by the US Gov’t which exerts control to prevent much of 1 - 3 on your list.

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Well I’ve lived through poverty and the Debt Trap and worked my way out of it into success and stability, but if you want to ignore my advice that’s your problem. My financial literacy allowed me to buy a house and land.

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You have no fucking clue what I know about, actually.

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I could ask you the same thing, and it would be bullshit to me, just as whatever I reply with would be to you. From my perspective you’re in some dumbass communist fantasy based on the internet ramblings of children.

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Sure thing Lenin, and I am the walrus.

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Anyone who has access to the Internet can begin learning the basics of financial literacy right now. That is the only barrier, other than being literate.

Here are some basic tips that could get someone with zero financial literacy started:

  1. Don’t use credit cards unless you can pay them off before interest accrues at the end of the month, otherwise you are wasting money and entering the Debt Trap.

  2. Don’t use Doordash and other expensive delivery services, pick up your own food or make it at home.

  3. Make a budget, which should at least consist of a list of your monthly expenses such as housing, food, utilities, etc, and keep track of what you spend on it.

  4. Subscriptions are leeches, don’t subscribe to anything that you can avoid.

  5. If you have an employer provided retirement plan, always put in what they will match so that you get the full match (free money).

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Yes of course it is sustainable. We have the resources to do everything we need for hundreds of years here in the USA without any external dependencies. The disaster recovery and continuity plans and infrastructure are already in place to ensure that the US government will continue through a variety of apocalyptic scenarios.

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He can’t do any of that, as he is not in charge of any of that.

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