1. Yes. The r/personalfinance wiki on subreddit has some great starter ...
Yes. The r/personalfinance wiki on subreddit has some great starter content in a wiki[1] that's not a content marketing funnel into any product/service.
The only major point of the flowchart that I disagree with is the part about paying off mid to low interest debt.I suppose that is where the "personal" part of personal finance comes into to play.For example, a person will post something like, "Should I pay off my $50k student loans at 4%-6% as fast as possible, or should invest more?"Common responses include:1. "Would you take out a $50k loan at 4%-6% to invest?"2. "Paying off your loans is a guaranteed 4%-6% return."The problem I have with this advice is that in the case of response #1, that is somewhat of a false equivalence. Also, I am not sure outside of a HELOC where one could even get a $50k loan for 4%-6%. Even in this environment currently, I see banks advertising their low interest loans which clock in around 8%-12%. (I'm not counting margin loan rates in this example).As for #2, I feel like this advice is okay at face value, but tends to fall apart once one takes more factors into account. One such factor people often miss is that one must use post-tax income to pay off student loans. Thus, in the US, assuming the person asking for advice has any income at all, then he or she must pay 10% <= x <= 37% in taxes to pay a 4%-6% loan, thus it's a guaranteed loss of 10% to 37% to get a guaranteed return of 4%-6%.I'm not trying to downplay the powerful psychological aspect of paying off debt, but I do think more people should consider the mathematically optimal option as well (making the minimum payments on debt while max...
2. 21 Must-Read r/PersonalFinance Reddit Posts, by Category
3 feb 2021 · When it comes to personal finance, there's a lot of advice out there. Some of the best advice comes from a forum website called Reddit.
When it comes to personal finance, there's a lot of advice out there. Some of the best advice comes from a forum website called Reddit. Specifically, the r/PersonalFinance subreddit. (A subreddit is like a mini forum within Reddit all about a specific topic—in this case, personal finance!) However, there are tens of thousands of posts talking about […]
3. Reddit personal finance - Think Save Retire
The main subreddit about personal finance is, naturally, r/PersonalFinance. Users on this board discuss everything from how to pay down student loans and credit ...
Personal finance on Reddit: The top subreddits to know · r/SimpleLiving: Provides tips on how to live with less and save more money. · r/Frugal: From budget
4. I second the recommendation of the /r/personalfinance wiki. In particular ...
1. "Would you take out a $50k loan at 4%-6% to invest?" 2. "Paying off your loans is a guaranteed 4%-6% return." The problem I have with this advice is that in ...
The only major point of the flowchart that I disagree with is the part about paying off mid to low interest debt.I suppose that is where the "personal" part of personal finance comes into to play.For example, a person will post something like, "Should I pay off my $50k student loans at 4%-6% as fast as possible, or should invest more?"Common responses include:1. "Would you take out a $50k loan at 4%-6% to invest?"2. "Paying off your loans is a guaranteed 4%-6% return."The problem I have with this advice is that in the case of response #1, that is somewhat of a false equivalence. Also, I am not sure outside of a HELOC where one could even get a $50k loan for 4%-6%. Even in this environment currently, I see banks advertising their low interest loans which clock in around 8%-12%. (I'm not counting margin loan rates in this example).As for #2, I feel like this advice is okay at face value, but tends to fall apart once one takes more factors into account. One such factor people often miss is that one must use post-tax income to pay off student loans. Thus, in the US, assuming the person asking for advice has any income at all, then he or she must pay 10% <= x <= 37% in taxes to pay a 4%-6% loan, thus it's a guaranteed loss of 10% to 37% to get a guaranteed return of 4%-6%.I'm not trying to downplay the powerful psychological aspect of paying off debt, but I do think more people should consider the mathematically optimal option as well (making the minimum payments on debt while max...
5. 7 Most Important Reddit Threads To Read on Personal Finance
The personal finance subreddit (/r/personalfinance) is filled with interesting and helpful advice. Here are the 7 thought-provoking threads.
6. Should you take personal finance advice from Reddit? - The National
8 jul 2021 · The 'r/personalfinance' community is home to 14.6 million members who share their money experiences.
The 'r/personalfinance' community is home to 14.6 million members who share their money experiences
7. Should You Take Money Advice From Reddit? - NerdWallet
25 jun 2021 · For many people, the advice on Reddit's r/personalfinance can help them feel more comfortable with money — but they should verify these tips ...
For many people, the advice on Reddit’s r/personalfinance can help them feel more comfortable with money — but they should verify these tips before following them.
8. Robyn Shutak, CEP, FGE, NDEF on LinkedIn: r/personalfinance on Reddit
26 jun 2023 · This button displays the currently selected search type. When expanded it provides a list of search options that will switch the search inputs ...
🤯Dazed and Confused! "But I didn't contribute 25K of my pay to the ESPP!" 🤷🏽♂️ "Maxing an ESPP does not mean what I thought it meant!"…
9. UKPersonalFinance Wiki
The wiki for /r/ukpersonalfinance and home of the UKPF Flowchart.
The wiki for /r/ukpersonalfinance and home of the UKPF Flowchart
10. 20 of The Best Finance Subreddits | Check City
6 mrt 2024 · The subreddit r/personalfinance is one of the biggest finance subreddits on Reddit. ... *r/Finance Advice has changed to r/Personal Finance. So ...
Each subreddit has its own purpose, but in general, subreddits are a great place to go to post questions, tips, advice, and participate in discussions about the main topic.
