RF Financial Advice

[Stevicus]

The trouble with that is that Tuesday always comes around.

 

[Spice]

I noticed a deal of the advice requires you actually have enough to make ends meet. Talk with experts? Investing? Save? Can't be done when you're car needs a tire and you need the car to get to work. Amd because this is America medical expenses can also destroy any efforts made towards saving or just doing it at all.

And there's still a stigma attached to being poor. And misunderstanding. There's a huge gap between comfortably just making it and poverty with gov. assistance available, and soooo many people live in that gap. Here in my community we have great food bank sources that have no ties to any government agency. "Anyone" can get a box with only an on-site registration that is used for planning data. It's only staples and fresh produce, sometimes donated eggs, so there's limited interest unless truly needed. I like that. I've seen the years it would have made such a difference in my children's nutrition.
Namaste

 

[lewisnotmiller]

It's never too early to start an IRA.

Disclaimer : This advice is location specific, and won't go over as well in Ireland as the US.

 

[Unfettered]

Develop marketable skills.

 

[Mock Turtle]

From my experiences (and probably outdated) - bank loans are best to buy anything of value, if one has a secure job, and such as not to impinge on other things. Credit cards might be useful as long as no debt is built up. The largest loan for me was a marine mortgage - over five years and where the work was such that overtime was there (shift work) due to a time-dependent project, and hence more money than normal coming in. But overall, just manage things so that one has more money to spend each month than what one spends on everyday things. Hence a choice as to what to do with this excess. Fine if always in work though.