10 Insightful Personal Finance Opinions You May Wonder About

1. Too Many People Believe Their Balance Defines Them

There was lots of kickback against those for whom savings and assets are central to their happiness. 

2. Use This Ten Percent Rule

One lady exposed how her ex-husband grew up wealthy, but she grew up poor. For every $100 she earned when they were married, she saved $10 and invested it.

3. Making Your Payments Doesn’t Mean You Can Afford Something

Nothing says I am in control more than quoting a famous line from the financially well-endowed Jay-Z: “If you can’t buy something twice, then you can’t afford it once.”

4. Develop Solid Study Habits Early

The basics you will learn in elementary school create a springboard for all that comes in later life. The consensus in one thread showed that ~people still value education.

5. Embrace Your Inner Passport, Bro

Did you know you don’t have to retire in the U.S.A.? It dawned on me the other day that if I were to survive until 100 years old, how much would that cost in retirement?

6. Leveraging Debt Can Work

Throughout the thread, advocates for using debt appeared. Some opinions made sense, arguing that if businesses use loans to invest in their revenue streams, this can work for consumers too.

7. Boring Is Good

Superannuation, meaning regular payments into your retirement funds, is a term unknown to many investors; for those aware, it just isn’t a sexy term.

8. Force People to Save or Invest

Controversial ideas on this subject revealed annoyance that some pensioners often have nothing saved, forcing the younger generations to pay for their lack of savings. Should people be forced to invest from a younger age? 

9. Get Afterpay

Afterpay received several nods in this discussion because it is a means to defer payment without interest. This online service is similar to a credit card, though the beauty of Afterpay is you have six weeks to pay the balance.

10. Estate Inheritance Is Bad for All Concerned

Finally, one prolific commenter shared their wisdom on a few things, but they argued that you would do them a disservice by giving your kids too much.