Reddit has become a guide to personal finance

Re:Reddit has become a guide to personal finance by Domenic_S on Wednesday March 04, 2020 @01:10PM (#22486129)

> As a result, most of the subs I follow are littered with the same questions over and over.

I answer questions in r/personalfinance's "new" area, and the split is something like:

"I am upside down on my car loan/loan is too expensive/want to get out of my current car" - 40%

"How do I do I make [some crazy ROI]? I have [$small amount] to invest" - 20%

"I have no money and need to pay my bills" - 20%

"Can I afford to buy this house?" - 10%

Novel questions - 10%

So many car questions come up I'm tempted to write an ebook on it and sell it for $1 - I sold cars in college and have a lot of info on how the sausage is made.

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Re:Reddit has become a guide to personal finance by outworlder on Wednesday March 04, 2020 @01:49PM (#22486596)

> So many car questions come up I'm tempted to write an ebook on it and sell it for $1 - I sold cars in college and have a lot of info on how the sausage is made.

You should, but charge the full price, if you genuinely have useful information. The perceived value of an item changes according to the price you charge.

Given that cars are multi-thousand dollar expense, investing a tiny fraction to get better information is a good return of investment.

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Re:Reddit has become a guide to personal finance by bobloblaw45 on Wednesday March 04, 2020 @01:33PM (#22486396)

I noticed a good amount of of young people humble-bragging too. Like "I just got out of college and I make 6 figures, should I eat lentils or splurge and get Sizzler?"

To be fair I haven't seen much recently they seemed to be more common in the past.

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Re:Reddit has become a guide to personal finance by InitialLastName on Wednesday March 04, 2020 @04:15PM (#22488219)

> To be fair I haven't seen much recently they seemed to be more common in the past.

I wonder if that's usable as an indicator?

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Re:Reddit has become a guide to personal finance by nkassis on Wednesday March 04, 2020 @01:35PM (#22486417)

I'd probably read something like that. I hate buying cars. I know I'll get scammed somehow and pay more than I should.

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Re:Reddit has become a guide to personal finance by lonelappde on Wednesday March 04, 2020 @04:16PM (#22488228)

r/AskCarSales is already popular

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