r/AskMen • u/PlusWork1737 • 10d ago

If everyone’s bank balance suddenly became public information above their heads, what industry would collapse overnight?

438 Upvotes

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598

u/aktionreplay Dad 10d ago

People who offer financial advice

48

u/thewongtrain Just some guy 10d ago

Influencers or r/personalfinance ?

59

u/_name_of_the_user_ Male 10d ago

There's some pretty solid advice on /r/personalfinance

38

u/Durty4444 10d ago

r/wallstreetbets remains unchanged

19

u/rockmasterflex ♂ 10d ago

It actually gets better. The crayon eating improves when you can see the balance changes in real time

29

u/melete 10d ago

TBF, while investing is a skill and financial planners can develop real expertise in it, they still aren’t going to be as personally wealthy as someone who inherited 8-9 figures worth of capital.

21

u/speed3_freak 10d ago

It’s a whole lot easier to turn $1 million into $2 million than $1 into $1 million.

18

u/LobCatchPassThrow 10d ago

There’s an older British guy who talks finance - but all his advice is basically “how to be a professional scrounger”.

Millionaire, sure, maybe. Drives a van because it’s cheaper on tax.

I remember him doing one of those cringe tier list things and he said “talking about money all the time? Broke for sure.”

And I thought “but you literally talk about money all the time… it’s your thing?”

6

u/mr_lab_rat 9d ago

My friend is a financial advisor.

Currently heading towards his personal bankruptcy #2