#Personal finance learning

[financialliteracyandopportunity]

Wealthy people became wealthy because they have more:

- grit

- hunger

- systems

- persistence

- consistency

- accountability

…than the average person.

If the average person took note & implemented, they would become wealthy too.

This game is not luck.

This game is a science.

[unopenablebox]

important part of my relationship is that my girlfriend isn't subscribed to money stuff, so when we walk to work together i can just describe really good money stuff bits to them

[hershelwidget]

sorry i just went on an deep dive. it would cost like. 5 or so billion dollar for the octonauts to function. either inkling has pockets as deep as the ocean or there’s some highly illegal behind the scenes nonsense goin on here

[lezmooshie]

Tinkering with my personal website again

Above screenie is zoomed out to capture everything. Anyone wanna guess which blinkies I made? Also, the Twitter blinkie just takes you to my BSky lol (on purpose).

Several of the images were put together by me! I can teach pretty much anything in tech, this is just the stuff that I thought of.

I made the floppy-disk icons myself, with some help from wifey on getting the text to render as part of the SVGs!

[bitchesgetriches]

You Should Learn To Cook. Here’s Why.

The average American spends over $3,000 a year dining out—almost as much as they spend on groceries. Sadly, the bulk of that spending comes from young people. Millennials spend 44% of their food budget on dining out and ordering in.

There’s a lot of reasons why millennials spend more money dining out than other generations.

Keep reading.

If you found this helpful, consider joining our Patreon

[wonder-worker]

every day I wish that Edward IV's Chamber records actually survived :/

[deanmarywinchester]

weeping and clawing at my stats textbook. someone beam me back to 2022 so I can tell myself sternly that if I want to acquire a hard skill it should be FINANCE. FINANCE !! nobody is ever going to hire me to do statistics and they frankly should not!!!!!!!!!!!

[girlivealwaysbean]

thank you tumblr for letting me opt in to the boop o meter

[clearcutcasualty]

Therapy costs (derogatory)

[financialliteracyandopportunity]

The longer you grind the more you realize: people look exactly like the choices they make everyday.

You can’t fake effort.

[deus-ex-mona]

congrats to anyone who has graduated recently/will be graduating soon~~~ y’all did it!!!!!

[13eyond13]

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[carsthatexcite]

Discover the top 3 high-performance vehicles that ignite passion and deliver unparalleled thrills at CarsThatExcite!

[monsterfactoryfanfic]

if I've learned anything from grad school it's to check your sources, and this has proven invaluable in the dozens of instances when I've had an MBA-type try to tell me something about finances or leadership. Case in point:

Firefox serves me clickbaity articles through Pocket, which is fine because I like Firefox. But sometimes an article makes me curious. I'm pretty anal about my finances, and I wondered if this article was, as I suspected, total horseshit, or could potentially benefit me and help me get my spending under control. So let's check the article in question.

It mostly seems like common sense. "...track expenses and income for at least a month before setting a budget...How much money do I have or earn? How much do I want to save?" Basic shit like that. But then I get to this section:

This sounds fucking made up to me. And thankfully, they've provided a source to their claim that "research has repeatedly shown" that writing things down changes behavior. First mistake. What research is this?

Forbes, naturally, my #1 source for absolute dogshit fart-sniffing financial schlock. Forbes is the type of website that guy from high school who constantly posts on linkedin trawls daily for little articles like this that make him feel better about refusing to pay for a decent package for his employees' healthcare (I'm from the United States, a barbaric, conflict-ridden country in the throes of civil unrest, so obsessed with violence that its warlords prioritize weapons over universal medical coverage. I digress). Forbes constantly posts shit like this, and I constantly spend my time at leadership seminars debunking poor consultants who get paid to read these claims credulously. Look at this highlighted text. Does it make sense to you that simply writing your financial goals down would result in a 10x increase in your income? Because if it does, let me make you an offer on this sick ass bridge.

Thankfully, Forbes also makes the mistake of citing their sources. Let's check to see where this hyperlink goes:

SidSavara. I've never heard of this site, but the About section tells me that Sid is "a technology leader who empowers teams to grow into their best selves. He is a life-long learner enjoys developing software, leading teams in delivering mission critical projects, playing guitar and watching football and basketball."

That doesn't mean anything. What are his LinkedIn credentials? With the caveat that anyone can lie on Linkedin, Mr. Savara appears to be a Software Engineer. Which is fine! I'm glad software engineers exist! But Sid's got nothing in his professional history which suggests he knows shit about finance. So I'm already pretty skeptical of his website, which is increasingly looking like a personal fart-huffing blog.

The article itself repeats the credulous claim made in the Forbes story earlier, but this time, provides no link for the 3% story. Mr. Savara is smarter than his colleages at Forbes, it's much wiser to just make shit up.

HOWEVER. I am not the first person to have followed this rabbit hole. Because at the very top of this article, there is a disclaimer.

Uh oh!

Sid's been called out before, and in the follow up to this article, he reveals the truth.

You can guess where this is going.

So to go back to the VERY beginning of this post, both Pocket/Good Housekeeping and Forbes failed to do even the most basic of research, taking the wild claim that writing down your budget may increase your income by 10x on good faith and the word of a(n admittedly honest about his shortcomings) software engineer.

Why did I spend 30 minutes to make a tumblr post about this? Mostly to show off how smart I am, but also to remind folks of just how flimsy any claim on the internet can be. Click those links, follow those sources, and when the sources stop linking, ask why.