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
Feb 3, 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. r/personalfinance - Subreddit Stats & Analysis - GummySearch
r/personalfinance is a subreddit with 19.1M members. Its distinguishing qualities are that the community is massive in size, and has crazy activity.
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. Top 5 Reddit Personal Finance Threads from r/personalfinance
Aug 21, 2020 · With over 14 million members, the Reddit personal finance thread is an excellent resource for personal finance questions.
By Jim Miller / August 21, 2020
6. The Pandemic Turned Reddit Into a Go-to Source for Money Advice
Aug 7, 2021 · Reddit's personal-finance communities saw huge membership growth during the pandemic. Users discuss everything from budgeting and debt ...
Helpful users who adhere to a strict code of conduct make Reddit's personal-finance communities a worthwhile source for financial guidance.
7. 20 of The Best Finance Subreddits | Check City
Mar 6, 2024 · The subreddit r/personalfinance is one of the biggest finance subreddits on Reddit. If you want to stay connected to the finance community ...
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.
8. 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
9. Laura McMullen on LinkedIn: I love Reddit's r/personalfinance channel ...
Jun 25, 2021 · I love Reddit's r/personalfinance channel as a way to get people thinking about money and motivate them to make some moves.
I love Reddit’s r/personalfinance channel as a way to get people thinking about money and motivate them to make some moves. The community can also make folks…
10. 7 Most Important Reddit Threads To Read on Personal Finance
When tragedy strikes, you find yourself asking questions you've never even considered before. This /r/personalfinance thread tries to answer one of those ...
The personal finance subreddit (/r/personalfinance) is filled with interesting and helpful advice. Here are the 7 thought-provoking threads.
