Re:Reddit has become a guide to personal finance
by war1025 on Wednesday March 04, 2020 @02:57PM
(#22487388)
This is such a true sentiment and is actually true for a lot of advice.
I think it's why a lot of people end up switching to giving talks or some other repeatable income stream.
Once you've written a blog post, that info is out there.
But if you can make it an "event", you can give the same advice over and over again.
"Personal-finance gurus obsess over buying coffee not because it is unsustainable, Vanderkam suggests, but because being a personal-finance guru is. “The strongest finance advice can be summed up in a couple sentences,” she explains. Maximize your income. Limit your big monthly expenses. But if your job depends on doling out financial wisdom, Vanderkam notes, “you have all this real estate you have to fill on your blog, your podcast, and your books. That’s where all this little stuff winds up coming in, but in the larger scheme, it’s kind of irrelevant.”