Whats a high income skill you should learn in your younger years?

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AnubissWarior
June 29, 2019
174 upvotes
askTRP

Hello.

Trying to improve my portfolio of skills I have, to guarantee better life in the future.

Can anyone recomend some high income skills to learn for a younger generation? Right now studying as a doctor (2nd year) and working as a crupier part time.

My best guess would be programing.

Thank you.

Edit:spelling


Post Information
Title Whats a high income skill you should learn in your younger years?
Author AnubissWarior
Upvotes 174
Comments 193
Date 29 June 2019 03:22 PM UTC (1 year ago)
Subreddit askTRP
Link https://theredarchive.com/post/243862
Original Link https://old.reddit.com/r/asktrp/comments/c7064n/whats_a_high_income_skill_you_should_learn_in/
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Comments

[–]thrwy75479181 points182 points  (34 children) | Copy

Investing your money. The earlier you start, the better. Having financial knowledge, in general, is vital to building wealth, and having monetary success.

[–]AnubissWarior[S] 31 points32 points  (28 children) | Copy

Any ideas where to learn this? Any books you can recomend or places to search them?

[–]thenakedwarrior 1 points [recovered]  (10 children) | Copy

The Millionaire Fastlane is the book to read, will rewire your brain. Also in terms of your original question, Scott Adam's book, "How to Fail at Almost Everything and Still Win Big" talks about how skill stacking works and what kinds of investments to look for, etc.

[–]boolDozer31 points32 points  (3 children) | Copy

The Millionaire Fastlane changed my life as much as (if not way more) TRP itself. Must read if you're trying to make some money. Adam's book was definitely good too, but The Millionaire Fastlane I could not recommend enough.

[–]maandswim11 1 points [recovered]  (1 child) | Copy

How much $$ do you have

[–]awalt_cupcake0 points1 point  (0 children) | Copy

On behalf of my client on the internet he has so much money. At least a hundred.

[–]Radinax1 point2 points  (0 children) | Copy

Thanks for this, gonna check it out

[–]maandswim11 1 points [recovered]  (4 children) | Copy

Not trying to shit on you but how much money is in your savings, retirement, etc.? Just curious.

[–]thenakedwarrior 1 points [recovered]  (2 children) | Copy

In the high 6 figures now. I quit my real job 5 years ago and been doing my own online businesses and stuff since then, living in Asia and saving aggressively.

[–]maandswim11 1 points [recovered]  (1 child) | Copy

Flipping? Ebay? Not asking what product exactly.

[–]thrwy7547919 points20 points  (0 children) | Copy

There's a good beginner's book titled "Millionaire Teacher" by Andrew Hallam.

Also, there's a "personal finance" subreddit, which has a supportive community, and a shit-ton of info to get you going.

As you learn more, if you want to play around with risk-free day trading, many investment companies provide simulators for free. Even if you don't want to do day-trading, it can be helpful in understanding different investment instruments.

Further, selling is another key skill in life. We are always selling, whether it's a persona we've created for the public, or an old couch on kijiji. Most successful people, at least to start, have been great sellers. Gaming girls also involves selling. When you become a doctor, you too, will have to sell at some point.

You can read a couple of books, it's easy to Google the good ones. The best thing to do though, is to take action, and try selling some things, anything.

It's not everything, but it's important. Stay on top of your money, and you'll feel better, and be able to do more with your time on this planet.

[–]Anonymous86758 points9 points  (3 children) | Copy

Read the Bogleheads guide to investing. It was written by John C. Bogle, the founder of Vangard (one of the largest brokerages in the world). It takes out all the get rick quick shit (that doesn’t work) and explains why index funds are far superior to actively managed funds along with lots of other necessary investing knowledge.

Source: my grandfather is a personal investor and has taught me everything he knows

[–]lukesterboi13 points4 points  (2 children) | Copy

Best book for beginners, covers everything from the basics of investing to insurance. Seriously.

[–]AnubissWarior[S] 2 points3 points  (1 child) | Copy

Would you say it brought you a lot of practical value when applying?

[–]lukesterboi12 points3 points  (0 children) | Copy

Definitely. It's like the essentials of the more advanced books compressed into a very readable format. Might want to get the latest (second? idk) edition though as the one I have is from '06 so some of the legal stuff could possibly be outdated (and the tax stuff certainly is, but all the later editions really do is change up the numbers to account for new laws and stuff. It's all the same principles).

Edit: So long story short, it is the greatest guide to anything financial that you'll use in everyday adult life IMO since it is comprehensive and written so retard and genius alike can understand and derive value from it.

Edit 2: and if you're to take two points away from what I've said and not read this book, remember: 1. "trader" is an anagram for "retard", and 2. Low-cost, commission-free, no-load (and overall low-to-no-fee) index funds.

[–]1jacques_cousteau0075 points6 points  (1 child) | Copy

The Richest Man in Babylon - George S. Clason

[–]slamdunktiger861 point2 points  (0 children) | Copy

Hell ducking ya

[–]BoringLawfulness5 points6 points  (4 children) | Copy

I learned a lot by watching interviews with successful investors on YouTube. There’s a ton of info on what the different terminology of stocks are, but listening to them talk about their strategy is where I learned the most.

[–]AnubissWarior[S] 3 points4 points  (3 children) | Copy

Any links to begin with?

[–]pickuptwix7 points8 points  (1 child) | Copy

Here are some videos from my favorite investment Youtube channels:

Great Advice for Young Investors

How to Invest $1,000 - PPC Ian

Investing for Beginners - Graham Stephen

In Our 20's and Paid Off Our House - Dave Ramsey

How to be a Millionaire on $36,000 Salary - Kenny Robinson

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

Thanks a lot!

[–]BoringLawfulness6 points7 points  (0 children) | Copy

My favorite was a Berkshire Hathaway shareholders meeting. Don’t have the link right now, but there’s a solid amount short videos of Buffet and Munger answering questions about their strategy from this meeting.

[–]BusterVadge2 points3 points  (0 children) | Copy

I like "Money - Master the Game" by Tony Robbins. Anything by Anthony Robbins is good shit.

[–]Velebit0 points1 point  (0 children) | Copy

Watch youtube channel money gsp

[–]Project_Zero_Betas0 points1 point  (0 children) | Copy

Sidebar of r-investing (But don't bother with the mods, if you start excelling at the subject they'll commit multiple felonies just to make sure others don't get jealous at your talents)

[–]no_condoments1 point2 points  (2 children) | Copy

Can you give some example of good ideas? I've generally just heard VFINX (S&P 500 index fund) and wait.

[–]Project_Zero_Betas1 point2 points  (0 children) | Copy

If you don't know a balance sheet from a cashflow statement, 80% SPY and 20% EDV is the best route (assuming you're somewhat young)

[–]thrwy754790 points1 point  (0 children) | Copy

I don't have any stock picks, and yes, long-term, low-risk investing is largely sticking to index funds, or bonds.

Generally, the effects of not doing stupid things can accumulate over time, and, living below your means, you can build some wealth. To do better than that, and increase your means, would require multiple streams of income through businesses, or other investments.

Further, a younger person would also have a greater appetite for risk, and could shoot for risky investments with potential for greater returns. Money invested would also have more time in the market, time that is necessary for the power of compounding interest to take full effect. Hence, starting earlier is better.

Could you go to professionals, and let them handle things? Sure, but you have to remember that advisors, or anyone handling your money, will have their own interests at heart, to which your interests are secondary. In fact, even my guidelines should be questioned.

Thus, basic financial knowledge is important to not get screwed. What's more is that most of the understanding required can be gained with only rudimentary math skills.

[–]TheRedPillRipper0 points1 point  (0 children) | Copy

I'll add languages. Whether it's Python or Mandarin; being adept in more than 3 languages gives you a tremendous advantage. If you can to communicate; and network beyond just your mother tongue; you're giving yourself huge head start.

Godspeed and good luck!

[–]onionknightofknee0 points1 point  (0 children) | Copy

This is not really true. Investing money is not important if you're poor because you got nothing to invest.

Learning a in demand skill that pays well is so much more important.

Easy to invest, just put in vanguard index fund. Read Bogle on this topic.

Source. I Am self made rich.

[–]hereforgains198680 points81 points  (8 children) | Copy

1.Investing. Read about everything, know the terminology and learn about stocks that pay dividends, bonds, etc. 2.learn how to study and how to memorize properly.this will help you ace school and will help you become a better learner. 3.find yourself a teacher/master as in someone who can teach you practical stuff about life or finances or work. Depends on what you want but you must want to be their student otherwise it wont work. 4.Align yourself with successful people. And avoid “unlucky” people like the plague.

[–]CANN0N_9915 points16 points  (7 children) | Copy

Where does one learn to study properly

[–]hereforgains198643 points44 points  (3 children) | Copy

Try coursera..org. Theyhave a course called learning how to learn. The course is free and it takes 8 weeks to finish. https://www.coursera.org/learn/learning-how-to-learn

[–]thesteichenator11 points12 points  (0 children) | Copy

This has changed my life. Would recommend to anyone^

[–]ReadyToLearn2563 points4 points  (1 child) | Copy

I'm enrolled now. Thank you so much.

[–]benchpr3ss3 points4 points  (0 children) | Copy

Check out Med School Insiders YouTube channel. He’s obsessed with time management and proper study techniques.

[–]Ryanaissance2 points3 points  (0 children) | Copy

I strongly recommend looking at Cal Newport's Blog, Study Hacks. While the focus today is more on digital minimalism and succeeding at work, it has an archive of many years of advice on excelling in your studies.

[–]lukesterboi10 points1 point  (0 children) | Copy

Failing courses in community college and learning to read the damn book

[–]nabosch64 points65 points  (17 children) | Copy

Being able to converse with people and actually having shit to talk about.

Being able to talk on the phone.

[–]AnubissWarior[S] 13 points14 points  (14 children) | Copy

Never run out of things to talk, only problem is actually initiating a conversation with radom people

[–]ZeppKfw4 points5 points  (13 children) | Copy

What do you talk about? Is it just not being filtered and just saying literally what's on your mind?

[–]Standgrounding13 points14 points  (6 children) | Copy

The general stuff people talk about:

> Family events

> Pets

> Cars & Motoring

> Fun activities(athleisure&sports)

> Movies & Shows

> Common Surroundings

> Jobs

> Education

That's a ton of topics. Broaden your interests, create a more well-rounded personality. Get out there.

[–][deleted] 7 points8 points  (1 child) | Copy

And gossip

[–]Standgrounding6 points7 points  (0 children) | Copy

Yeah, it gives a free topic too. Some do advise against that as that will contribute to toxic environment.

And you will also be gossiped at.

But logic says that you would be gossiped about anyway, so you can do whatever you want.

Thus, I choose to not contribute to gossip and only speak positively of people when they don't hear.

[–]ZeppKfw1 point2 points  (3 children) | Copy

I talk about all of those. Most of the people I talk to are boring, they don't even try. Like what should I talk about to strangers? Or is it that people around me are that boring?

[–]Standgrounding2 points3 points  (2 children) | Copy

Chances are your delivery turns them off. Especially if you see other people conversing in between smoothly.

[–]ZeppKfw1 point2 points  (1 child) | Copy

I guess so. I think the only solution to that is just keep going at it. Thanks bro.

[–]Standgrounding1 point2 points  (0 children) | Copy

Try talking with your relatives, friends or a psychologist. Chances are, they know your problems very well, just have been afraid to tell you that the whole time. Or they know but are currently unaware of them.

At least that's the case with my relatives...

[–]AnubissWarior[S] 2 points3 points  (5 children) | Copy

I have read a lot of books, have a really huge circle of interests. I have always prided myself as a person who can talk about anyone about anything. The only hard part is about initiating a convo. I usually see what connects to the topic person is talking about and go from there. I rerely hold back on anything- tell everything relevant on my mind and ask a lots of questions. If you dont know what to say, ask questions or try to find what you are interested intu. Genuine interest.

[–]ZeppKfw1 point2 points  (4 children) | Copy

We're mostly the same in the first part. Weirdly enough most of my extroverted friends just hit me up randomly with a random topic and we hit it from there. Granted that I also put in the effort to converse. I'm not sure about other people though.

Thoughts?

Edit: I just realized I'm only talking to a few specific group of people. That maybe the reason why I don't click with them.

[–]AnubissWarior[S] 2 points3 points  (3 children) | Copy

Right now, on my free days off, im walking around the city and lookimg for people who arent too busy looking, especialy girls- 8/9/10. Walk up and try smal talk- be it on street, cofe shop, near uni etc. At the end of the day I write down what I have learned. Helps a lot in improving.

[–]Standgrounding1 point2 points  (2 children) | Copy

Hmmm, girls that aren't too busy looking are a rare sight.

[–]ZeppKfw1 point2 points  (0 children) | Copy

Maybe it's your definition of busy. Some girls "look" busy but when hit up by a high enough SMV guy, they can give time to let you quality yourself a little bit. I don't see many guys approaching but when they do it's gonna flatter them for sure.

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

Well, its kinda 50/50. Unless she is running to somewhere, i will go and try to talk.

[–]BlackVale1 point2 points  (0 children) | Copy

How do you have stuff to talk about?

[–]Tupac540 points1 point  (0 children) | Copy

any advice on how to talk on the phone? my coworkers make fun of me for sounding scared and overly professional whenever i pick up the phone for meetings lol

[–]BurnoutRS27 points28 points  (6 children) | Copy

Learn how to find people who want products and connect them with people who have products. Being a middle man and knowing how to broker a good deal is a very lucrative skill.

[–]AnubissWarior[S] 7 points8 points  (1 child) | Copy

Any tips to look for or where to start when doing that? Like finding 2 posts, one asking for thing, one selling thing and then connecting them?

[–]sniper19052 points3 points  (0 children) | Copy

I'd also like to know about this.

[–]Velebit0 points1 point  (3 children) | Copy

Yeah, where to start with this?

[–]BurnoutRS0 points1 point  (2 children) | Copy

everywhere. the very next time you say to yourself "I need x" think about where you get it from, think about why. chances are the next 20 things you think you need wont help you.

I'll give you an example from my life though. At 19 I thought I wanted to get into homebrewing and potentially, if I enjoyed it and made good product, push forward and try to make a business out of it. I live rurally and quickly found a local apiarist who could supply me with honey to make mead.

Eventually I started doing some side work at the apiary. That was when I realized that, I was trying to make a product where, I had no idea if it was even going to be marketable. Theres a shitton of alcohol available to purchase, not a lot of mead, but what really sets mead aside from anything else? The one thing I did see though, was that my apiarist was eating up way too much of his personal time going back and forth between playing beekeeper and doing product distribution.

I'll let you figure out the rest.

[–]Velebit0 points1 point  (1 child) | Copy

You said it is good to learn to find gaps for missing products or services in the market. You didn't really explain where someone learns this, just gave an unfinished anecdote of you figuring out something. Furthermore... wtf happened with mead? Your logic is horribly flawed. If that was how things went, then no new alcohol, furniture or clothing brand would pop up and they pop up all the time and with good profit. But again you didn't even finish the story... you leave things to be 'figured out' to someone who is asking HOW to do something.

My eastern european country has government participation in gdp of around 55%. This means, for example that often road fixing is deliberately done by hand tools just so the corrupt local government has some use of politically employed comunal workers. They do have modern equipment like heavy vehicles that dig and flatten roads, they just refuse to use them because they would have to fire their cousins and wives husbands and sons.

I expected you would give me a tutorial and a list of websites with supplier gaps etc not something like 'ponder the efficiency of random small businessmen you come into contact as you have en enterprising and extroverted personality'

[–]BurnoutRS0 points1 point  (0 children) | Copy

my balls itch

[–][deleted] 19 points20 points  (6 children) | Copy

Sales - It doesn't matter what you do in life, you'll be selling something.

You're a teenager, you're working in a shop convincing someone to buy a new dishwasher. Then you're trying to convince someone to give you a college course, then you're a doctor trying to convince a patient to take his medication, then you're trying to apply for a research grant.

It's all sales. I know far too many talented people who can't sell, and it hurts them a lot.

[–]hazelstein2 points3 points  (1 child) | Copy

books for suggestions?

[–]AnubissWarior[S] 1 point2 points  (3 children) | Copy

Any path you can advise where one would learn how to sell? Specific books would be great

[–][deleted] 2 points3 points  (1 child) | Copy

I can recommend books, but you really only learn by doing it. If I had a son I'd make sure he had a weekend job in a store.

The thing that really made a difference to me was a summer cold calling - knocking on doors selling cleaning products to people. It was brutal, but it helped me in so many other areas of my life.

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

I can imagine it forced you to develop a socialy savy personality. In my work it kinda does come into play, but not as much as i would want to. There still is a dealer-player barrier we cannot cross

[–]CabbageCutter15 points16 points  (0 children) | Copy

General computer literacy and people skills will get you very far. Gaining a wealth of life experience to fall back on when making decisions can prove to be invaluable.

[–]mvorbrodt26 points27 points  (9 children) | Copy

I'm a software engineer (programmer :) ) and it certainly provides me with a high earning career. but in order to be taken seriously in most companies you need at least a BS in Computer Science or Engineering.

[–]boolDozer11 points12 points  (3 children) | Copy

You may need a degree to hired at a top 5, but you don't need a degree to make money programming.

It's the one skill I would recommend almost everyone in any profession know a little bit of. It's like being bilingual; just by knowing it you're increasing your value to any potential employer, degree or not.

Programming is my primary skill. I don't have a degree and I started a business. Programming is just a tool (for me), it's not a lifelong dream or goal - but it can, quite literally, make you money for doing nothing.

Not that your answer is wrong, but programming isn't something you need a degree for to leverage.

[–]PincheeWhey2 points3 points  (1 child) | Copy

Where can one start learning? Does one have to be good at math to learn how to program?

[–]porn-chicken6 points7 points  (0 children) | Copy

Where can one start learning?

For the basics try Codecademy

Once you've done that try Udacity's Intro to CompSci

Does one have to be good at math to learn how to program?

No. You'll only need math if you get into the theoretical CS. For basic front end, you'll be fine.

[–]mvorbrodt2 points3 points  (0 children) | Copy

yes I agree in principle! I've met several self made programmers who were very successful: start their own businesses.

​

what I was referring to is gaining employment at a large IT company; I work for one, and have for several others in the past, and more often than not a BS degree is a must; just look at most job postings on dice.com ;)

[–]KaiSmashSmashSawmash1 point2 points  (0 children) | Copy

public class asktrp{

  public static void main (String[] args) {    System.out. println(“I’ve been learning some programming”);    }

}

[–][deleted] 0 points1 point  (0 children) | Copy

I have a BA in mathematics, but I’ve never had trouble finding a programming job.

[–][deleted] 0 points1 point  (1 child) | Copy

Do you think a CompE degree is worth it if you have to go through all the BS physics, chem, etc. courses? Or do you think a Math degree with a CS minor would be a better option (since my GPA will likely be higher)?

[–]mvorbrodt1 point2 points  (0 children) | Copy

I don't know about Comp-E, I have the CSC BS. I did have a lot of the courses you mention: 2 semesters of physics, 1 of chemistry, and a TON of math. I would say go for a CSC degree, it's loaded with math already. or do CSC and minor in math, then it will be easier to get a job at a trading software company, since the math is a must there (I worked for one in NYC, guys with math Ph.D.'s did the financial instruments' math models and I was implementing them, so it helped that I had 6 or 7 math courses in my CSC curriculum).

​

if you go for CSC, my advice would be to focus on low-level and systems programming, not front-end and applications; it's a smaller area but pays MUCH better; no offense to web developers and application programmers, but doing low level systems coding, drivers, high-performance computing, distributed systems / clusters, is way harder, more rewarding, and the pay is many times better. I know this from first hand experience :) btw, check out my blog: https://vorbrodt.blog/ :)

[–]VigilantSmartbomb9 points10 points  (8 children) | Copy

Computer anything. It’s with us for the long haul

[–]PincheeWhey3 points4 points  (7 children) | Copy

Would IT count?

[–]VigilantSmartbomb6 points7 points  (6 children) | Copy

Hell yeah man never stop learning always switch jobs every two years if you’re not making another 2% a year at LEAST

[–]PincheeWhey2 points3 points  (5 children) | Copy

Which IT jobs are the most profitable? Networking? Security? I’m currently trying to get into the field starting with the A+ cert. are you in the field?

[–]VigilantSmartbomb1 point2 points  (4 children) | Copy

I’m about there too, I just switched fields but I’ve done a lot of research into it. Security is best for the long run, especially if you can differentiate yourself; and networking is best for being well rounded so you hit the two on the nail. I’d start with networking, get proficient, and then specialize in security (since something like 1/3-2/3 of data security companies are hacked each year). Literally what I’m planning to do. As we integrate our lives closer and closer to technology, the slim information that we are able to keep private is going to pay well to keep hidden.

[–]PincheeWhey1 point2 points  (3 children) | Copy

Nice. Will you be obtaining the A+ as well?

[–]VigilantSmartbomb1 point2 points  (2 children) | Copy

All of it- also think about obtaining a degree from WGU. Accredited and at your own pace learning. You pay for the time spent, not per class. You also get certifications as you pass classes and take the test (on their dime). Although you don’t want to have to take another semester just because you didn’t pass the test (since passing the test is a contingency of the class.) For example failing the CCNA you have to wait 3-6 months, which you’d have to pay for another semester to get the associative bachelor’s degree. So think about getting the certifications with your own money prior to going to WGU if you do choose to do so.

[–]PincheeWhey1 point2 points  (1 child) | Copy

Thanks for the useful information. WGU actually looks pretty legit. I’ll consider getting enrolled. Are you enrolled in WGU?

[–]VigilantSmartbomb0 points1 point  (0 children) | Copy

Yup! No probs bro— and nah I plan to! They just don’t allow dual enrollment and I can’t leave my current opportunity. Afterwards forsure tho, it’s too good not to honestly.

[–]Kidterrific9 points10 points  (3 children) | Copy

Not necessarily the answer you're looking for, but learn to type. Well.

[–]AnubissWarior[S] 0 points1 point  (2 children) | Copy

Fair enough, good point

[–]jacques_cousteau007 1 points [recovered]  (1 child) | Copy

Find the Mavis Beacon program online somewhere, your words per minute (WPM) will increase to a point that you can list it on your resume.

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

Ok! Tank you. I have been practicing with rading programs to increase the reading speed. Quite usefull.

[–]1239319 points10 points  (1 child) | Copy

Taking care of yourself. No drugs, very little if any alcohol, don't smoke, don't do high-risk activities.

​

Whats the high-income skill? Few medical bills. Able to do more because of good health. More longevity and good QoL (quality of life) enable you to work more and longer if you wish, even having more income streams increase your value and earnings.

​

Oh yeah, eating right...you'll spend fewer of your income on junk food, will have more energy, be mentally sharper, and most of all, be healthier and less "down time" being sick.

​

I wish teenage/20 yr old me knew this. I've fucked up, but I hope I show my kids the importance of this.

[–]AnubissWarior[S] 2 points3 points  (0 children) | Copy

No drugs, cooking all 3 meals a day for myself. I am in a german style fraternity, so a lot of beer. Maybe should try to cut that back.

Any other things you wish your 20something self would have known?

[–]Joeboard15 points16 points  (9 children) | Copy

Open a roth IRA at 18. Max out your contributions. Compounding interest is the shit.

[–]AnubissWarior[S] 0 points1 point  (8 children) | Copy

Care to elaborate? I come from a small, eastern europian country. Is it still a avibale path for me?

[–]_Ulan_4 points5 points  (0 children) | Copy

No it's a US bank thing. You should check you're country's investment regulation there might be some equivalents to index funds and investissement funds

[–]lukesterboi12 points3 points  (0 children) | Copy

There is probably no such thing for you as Roth anything is entirely US-specific.

What a Roth 401k or Roth IRA (basically special types of retirement savings accounts that have different limits for how much money you contribute in the same year) allows you to do is pay taxes on the money you put into them as you put it in (so if you make less money the taxes on the money you deposit will be lower), any and all growth of the money inside those accounts from interest and investments is subject to no tax whatsoever (including the fact that there will be no capital gains tax, so you pay literally 0% tax while the money is in there), and any and all money you withdraw from the account is tax-free regardless of whether or not it was a dollar you earned from working or just a dollar you accrued from interest or capital gains (which were tax free). So even if your tax bracket was 20% when you deposited the money and that amount of money miraculously grows to millions of dollars, you still will not pay tax on any of that money regardless of how much you take out.

Regular IRAs and 401ks are similar in that you pay no tax when you deposit the money and pay no capital gains tax ever and interest is not taxed, but different in that you must pay tax when you take money out of the account (but you get to choose how much you withdraw, so often many people take small amounts of money out in order to place themselves in a lower tax bracket and have their money taxes according to that lower tax bracket.

The only catch to these forms of accounts is that you cannot withdraw from them until you are basically 60 years old (59.5 technically) without paying a tax, except in the case of a Roth IRA where you can take out the original money you deposited without penalty after 5 years.

See if your country has comparable accounts to these.

[–]benchpr3ss1 point2 points  (5 children) | Copy

Croatia?

[–]AnubissWarior[S] 1 point2 points  (4 children) | Copy

Latvia

[–]benchpr3ss1 point2 points  (3 children) | Copy

Damn. Thought you were a buddy from my year, everything is the same as you

[–]AnubissWarior[S] 0 points1 point  (2 children) | Copy

Brother from another mother 😂

[–]benchpr3ss0 points1 point  (1 child) | Copy

Studying for finals? I’m sick of second year already, 2 more weeks

[–]BadDadBot-1 points0 points  (0 children) | Copy

Hi sick of second year already, 2 more weeks, I'm dad.

[–]travlingsomewhere5 points6 points  (13 children) | Copy

Sales. Marketing.

This is more of a life skill but how to manage and handle your money.

Create LLC. All money that comes in gets separated into 3 accounts.

33% to Taxes, 33% to biz expenses, 33% to personal.

Personal gets separated into 3 accounts. 11% into savings, 11% into investments, 11% into spending.

Obviously only pay taxes on profits. Track expenses and have a bunch of writes off. This is a life skill we should all master young.

[–]AnubissWarior[S] 2 points3 points  (3 children) | Copy

Ok. Gonna have to sound stupid here. 1.whats LLC? 2.What do you mean- pay taxes only on profits? 3.What are "write offs"?

[–]travlingsomewhere3 points4 points  (2 children) | Copy

No stupid questions man. This comment was mainly for people who are self employed or own a business.

  1. Limited liability company. It’s when you register your business with a state and it becomes a legal separate entity. For example if the business was sued you and your possessions would be safe.

  2. If your biz makes $100,000 in sales and you only profit $60,000 then you would only pay taxes on 60k

  3. Write offs are business expenses. Anything you spend money on business related is a write off. For example I took a trip to Charleston to meet a client.. that’s a write off. I also bought a new “business iPhone“.. that’s a write off. Buy an online course? That’s a write off.

You might have spend an additional $20,000 on expenses and are all write off.

So you actually only be paying taxes on $40,000 when you make $100,000 in sales.

[–]AnubissWarior[S] 1 point2 points  (1 child) | Copy

Ok, thanks. Im guessing you are entrepenour yourself, right? How many busineses did you have to go through untill you succeded? Did you start with 0 experience?

[–]travlingsomewhere0 points1 point  (0 children) | Copy

Yes. I did lots of hometown service based business. Then moved into day trading, Amazon fba, Shopify, eBay, & flipped cars all before I got consistent success. Yep started from the dirt man.. just studied at YouTube university and spent thousands on courses.

[–]Granite_Pill2 points3 points  (0 children) | Copy

THIS!!!

[–]YourShadowScholar1 point2 points  (7 children) | Copy

This set up has you trying to live on about $10,000/year if you manage to earn $100,000/year... where in the USA can you live on $10,000/year without being homeless?

[–]travlingsomewhere2 points3 points  (4 children) | Copy

Those numbers were just an example for describing taxes & write offs.

It’d actually be 33k a year though. 11k in spending 11k in savings 11k for whatever else you want it for. I just suggested an investment account. Could you not survive on 33k?

Another 33k in business expenses so your business would keep running properly & The other 33k in taxes.

This set up sets you up for success. Just up the numbers and redo the math and see how powerful it is.

[–]YourShadowScholar0 points1 point  (3 children) | Copy

Maybe I don’t understand what “savings” are? I thought you didn’t spend your savings?

If you’re business is costing you $33k, surely those would be able to be written off on your taxes as well, though? Wouldn’t it be crazy to just not write that off?

[–]travlingsomewhere0 points1 point  (2 children) | Copy

Savings are just savings. Money you save up. Do what you want with them.

I thought you didn’t spend your savings?

Money doing nothing is useless. Put it to work.

You gotta pay employees... You gotta pay rent/lease... You gotta purchase your product to be resold... You gotta pay other bills... Running a business isn’t free. There’s things you have to pay. Yeah you can write it off but that doesn’t change the fact you still have to have the money to run it. Wouldn’t you want your business to fund itself?

Maybe your business probably wouldn’t cost you 33%. Maybe it only needs 20% of revenue. Change it up to fit you.

[–]YourShadowScholar0 points1 point  (1 child) | Copy

Ah ok I’ve never heard of savings like that.

But aren’t taxes a business expense? Or is the high tax just because you assume it’ll be that much on profits?

[–]travlingsomewhere0 points1 point  (0 children) | Copy

No taxes are what you owe the IRS from you making money.

[–]setsuna01 point2 points  (1 child) | Copy

I'm pretty sure that was just an example.

[–]YourShadowScholar0 points1 point  (0 children) | Copy

Very specific numbers then lol

[–]Ryanaissance6 points7 points  (1 child) | Copy

I'm 37, so I'll give my perspective of what I wished I did earlier.

  1. Invest as early as I could have. I wish I had started back in the days of earning an allowance. I didn't start investing until my early 30s.
  2. Lived like a pauper, or with my parents as long as I could get away with, and saved all my money so that I could be mortgage (debt in general) free as soon as possible.
  3. Learned a foreign language, or two. So many times have opportunities arisen that would've benefited me had I been able to speak German, French, Spanish, Japanese, Russian, or Chinese. Anyone one of those would've paid off above and beyond the massive initial time investment.
  4. Communication skills. Probably this should be number one. Being able to communicate well both in writing and speaking is absolutely invaluable. Start with self-help books (almost any will teach you something), join toast-masters, spend more time being social (I'm pretty introverted so this was a big challenge), take a part-time sales job, learn how to write well and you will stand out positively.
  5. Optional. Depends on the field you're in. Math and Programming skills in any field that's technical are a must, but even if you're only in a peripheral position to them, being able to understand what your technical team is telling you, even if at only a rudimentary level, is important.
  6. Attitude. Not indulging in self-pity, anger, etc. Learning to recognize emotions you have, but letting them pass (or channeling them into something positive-good thing to do with anger). Stoicism is as valuable today as ever, perhaps even more so.
  7. Time management. Efficient routines, discipline, delayed-gratification, and persistence are excellent habits to establish while young. I spent so much of my youth just doing what I felt like like. I was just directionless flotsam on a stormy sea.

​

I'm not familiar with the medical field, but I think the above should all apply.

/2cents

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

Where did you invest? With how much you started per investment?

[–]jrr6415sun5 points6 points  (1 child) | Copy

Working well with others, communication and how to lead a group. I have my own business and wish I had learned better management skills earlier. In the past I have had a lot of unmotivated employees and people who quit that I probably could have dealt with better if I learned earlier.

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

How did you learn? From experience? Or any other venues? Any tips from top of your head you can give?

I always have been a leader, even in situations i disnt want to- i applied to get experience

[–]MurkyArtichoke 1 points [recovered]  (2 children) | Copy

I regret that i didn't spend time really thinking about my future when i was younger. I think something towards IT, computing, software development etc is highly profitable in the long-run. I've always had an interest in this stuff, but never viewed it as something i would make a lot of money out of.

I think what many people have said here, about connecting with people is important. I know a lot of people who didn't necessarily do very well in school, but they are so sociable and likeable and they just seem to be successful. They make connections. If you have connections, you can get somewhere. You can know someone who will hook you up with good deals or a good job.

I'm not unhappy about my job, but man sometimes i think a lot about what "could have been".

[–]AnubissWarior[S] 0 points1 point  (1 child) | Copy

Are you planing on doing anything? Or have already tried?

[–]Granite_Pill5 points6 points  (4 children) | Copy

Learn a skill that has a strong political lobby, that has lobbied the government to restrict the supply of labor with said skillset by the use arbitrary and costly licensing standards, thus ensuring high wages for that field. Any skillset with associations that lobbies congress to construct artificial barriers to entry in that field will be quite lucrative.

[–]AnubissWarior[S] 4 points5 points  (3 children) | Copy

That sounds complicated but usefull. Can you be a more specific?

[–]Granite_Pill2 points3 points  (2 children) | Copy

Become a doctor or something.

[–]AnubissWarior[S] 2 points3 points  (1 child) | Copy

Working on that atm 😅 but explain in detail, if you have time. Why? The underlying thoughtprocess. With what you said im 1st comment

[–]Granite_Pill2 points3 points  (0 children) | Copy

Simple economics, my man.

In order to practice medicine, you must have a license. It is illegal to practice medicine without a license. Those licenses are costly and difficult to acquire. Therefore, only a relatively small number of people will acquire them. Therefore, the number of people with medical licenses is low and it is illegal to practice medicine without one. However, the demand for people with medical licenses is high. Very high.

It's simple supply and demand. When you have a low supply of something and a high demand for it, it costs more because consumers compete with each other to acquire those scarce resources, thus bidding up the price. When you have a high demand, but a high supply of something, then the cost drops considerably because the competition for those resources is less fierce.

So any profession which requires a license to practice will be more lucrative because the government has arbitrarily restricted the supply of professionals. Low supply+high demand=high price. Licensing programs and other barriers to entry imposed by the government pretty much just outlaw the competition in that field, thus ensuring high wages for those who hold that license. It's very lucrative.

It's not necessarily going to make you any money, but I suggest learning at least basic economics. It has changed and my whole life and been immensely valuable to me for no other reason than understanding how the world really works, how the economy works, so I can make better decisions in my work and daily life.

I recommend two books. Read either or, or both.

Economics in One Lesson by Henry Hazlitt. It's short (218 pages), but a the writing style is a bit of a slog. No worse than many medical texbooks, I'm sure, but this book debunks many economic fallacies still in practice today and gives one a basic understanding of economics.

Basic Economics by Thomas Sowell. This one is long (704 pages), but much smoother and easier to read writing style. You don't even have to finish it as it goes over topics not immediately relevant, but it covers the basics.

[–]SolidLiquidGasPlasma3 points4 points  (0 children) | Copy

Honestly being able to save or spend money on what’s worth it has gotten me further than knowing another language.

[–][deleted] 3 points4 points  (12 children) | Copy

Two thoughts:

  1. Think of the future, not the past. If you were in any point from the 1970 to 1990s, I'd say programmer. Now programmer's while well paid, are a dime a dozen and the older you are, the more pink slips you're collecting. That's a plan for 10 years, not the next 50. You want to move up the ladder, be the one sanctioning the employee appreciation budget rather than receiving a 10th of it.

  2. People skills, and not (just) the kind you learn at management school. My biggest professional asset has always been the length and depth of my network, my relationships, my integrity, my ability to value and judge people, my focus, my boldness and yes, the one skill you actually should master, communication. Listening, talking and leading. Those are hard to do, because no one teaches them. If they did, everyone would do it, and we would live in a much more rational world for it. Till then, win.

Finish your medical degree, became the absolute best damn doctor there ever was, and have fun being a crupier. That's impressive enough, and the best way to get all the high income you want.

[–]AnubissWarior[S] 1 point2 points  (4 children) | Copy

Thanks for the inspiration. People usually describe me as stoic and trustworthy- like they can tell me anything. I present myself as unoffendable and as far from biggoted as possible, but my main problem is starting a convo from nothing- walking up to a coworker from blue air or anyone i dont know yet.

[–][deleted] 4 points5 points  (3 children) | Copy

This may seem like the most counterintuitive advice you'll ever get, but based on everything I know about you, you're going to be eaten alive. Everything you've just described is like the puzzle pieces of the high beta, coming together. These are the things exactly that they say. I will eat you alive. You will live a satisfactory life, but never a happy life, a fine plowhorse, but 10-20 years from now, you're going to be married, cheated on, seperated, and divorced, if you're lucky only once.

You're either in the wrong place with TRP, or this is your last chance to save you from a lifetime of misery. Push the button now and save yourself, before you make too many mistakes.

Don't rent your ideas of happiness and plans for the future, things you should or shouldn't do from family, society and friends. Own it, now. Last call.

[–]AnubissWarior[S] 0 points1 point  (2 children) | Copy

Well, you do know a really limited amount- from the things i have posted (which isnt a lot), have been more of a lurker.

Could try to tell about my achievements and all that, but yet again, that doesnt really matter. Kinda meta-gamy.

[–][deleted] 1 point2 points  (1 child) | Copy

Yeah, you're right. My bad. Best of luck. For your sake I hope you figure it out sooner, rather than later.

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

I am thankfull I have found the redpill as soon as I did. Still strugling with applying things which involve communication.

[–]PincheeWhey0 points1 point  (6 children) | Copy

How would one learn point number 2? Especially communication?

[–][deleted] 1 point2 points  (5 children) | Copy

Good question. What do you want to know?

[–]PincheeWhey1 point2 points  (4 children) | Copy

People skills, leading, communications in general.

[–][deleted] 1 point2 points  (3 children) | Copy

Why?

[–]PincheeWhey1 point2 points  (2 children) | Copy

Because I’m horrible at all that. I’ve been told I have a very monotone voice. I want to lead not only in professional settings but also social settings. My People skills are just absent.

[–][deleted] 0 points1 point  (1 child) | Copy

Hey, give me some time. I'm trying to think of a helpful response.

[–]PincheeWhey0 points1 point  (0 children) | Copy

Thanks. Looking forward to it.

[–]redpilllogin4 points5 points  (2 children) | Copy

Search Total Money Makeover by Dave Ramsey. All you need to know about money is there, the main point being avoiding debt.

[–]AnubissWarior[S] 0 points1 point  (1 child) | Copy

How was your own success with money after that? Or havent gotten to apllying yet?

[–]redpilllogin1 point2 points  (0 children) | Copy

I have an above average income for my age, and above average for my city. I still have student debt (Didn't know about Dave when I was younger) but I'm working on it. I'm comfortable financially and I see myself realistically becoming a millionaire by 50.

[–]jacencross3 points4 points  (3 children) | Copy

Not sure if either of these have been mentioned yet, but self-discipline and spelling/grammar. I am terrific with spelling and grammar (as long as I'm not using Google voice texting and not proofing afterward), and it's honestly a rare skill nowadays. I have absolutely zero self-discipline and that has probably cost me millions of dollars at this point, as well as negatively affected my health and social standing. Most of the answers on here have been pretty good, but without self-discipline you will never be great at any of those skills.

[–]AnubissWarior[S] 1 point2 points  (2 children) | Copy

Working on self discipline- stoicism is doing wonders. Cold showers 2 times a day. How are you trying to improve yours? Any tips?

[–]jacencross1 point2 points  (1 child) | Copy

I like the countdown tactic. Whenever you realize you need to do something but don't want to get up or don't want to get started, count to three out loud. You will find yourself moving without conscious thought.

[–]AnubissWarior[S] 1 point2 points  (0 children) | Copy

For me it helps to relize that im going to do it anyway, so better earlier than later.

[–]rnsbrum3 points4 points  (1 child) | Copy

Sales, Leadership and social skills. These skillset will lack so much in the next generation due to the lack of social interactions

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

Any specific ways to train social skills?

[–]therealbigoso5 points6 points  (4 children) | Copy

Agree with the two other answers. Investing and social adaptability.

You should learn how to read technical price charts for stocks, bitcoin, indices, ETFs and bonds. Even if you play the market conservatively, you’re ahead of most if not everyone else in your social circle and most likely their social circles. It’s a highly undervalued skill because most people don’t care about making dividends on their income. Ultimately once you learn, there are ways to automate it so you spend less time reading charts and more being the guy with a well tuned social ability. Because a man who can navigate networks of people and approach without shame is just as valuable as a man who knows how to invest his money.

[–]AnubissWarior[S] 0 points1 point  (2 children) | Copy

Any good places to begin with?

[–]therealbigoso2 points3 points  (0 children) | Copy

I started just by watching YouTube videos. Not of premium sites or anything but there’s a group called thechartguys.com on YouTube. They make daily videos assessing the markets and it’s free with an option for a paid class subscription as well. I’ve used the free classes for 18 months now and have propelled my knowledge further than anyone I know.

I also use TradingView.com for doing my own technical analysis on live charts.

Then you can choose any one of the 30 brokers out there to get started. I recommend E*TRADE but I’ve also heard Fidelity is good, too.

Investing and trading is all about reading charts. And charts are like a video game. Except in this video game, you put real money at stake. So I wouldn’t skip the tutorial if I were just starting out.

[–]Project_Zero_Betas1 point2 points  (0 children) | Copy

Read books, don't bother with youtube videos.

[–]Velebit0 points1 point  (0 children) | Copy

I can approach without shame. Now how do I make money off of it?

[–]mrnuttty2 points3 points  (0 children) | Copy

Software Development.

[–]andyturbo2000 1 points [recovered]  (9 children) | Copy

Pharmacy. As a locum pharmacist charge $120 an hour. That or the oil industry, particularly deep sea diving. Think $1000 a day.

[–]AnubissWarior[S] 2 points3 points  (4 children) | Copy

Really? Pharmacist? A specific kind maybe? Or the one who really just sells drugs at the store?

[–]Ballosaurus 1 points [recovered]  (2 children) | Copy

Don’t go into pharmacy. If you want to be in medicine, be a PA: Prestige, good pay, even better hours.

[–]AnubissWarior[S] 0 points1 point  (1 child) | Copy

PA?

[–]ldamien65-1 points0 points  (3 children) | Copy

The oil industry is definitely not gonna be sustainable for much longer. I’d highly advise against this career option.

[–]AdeHMar4 points5 points  (1 child) | Copy

It will be sustainable until all of us are dead, even more so if the arctic reserves are exploited (supposedly 25 % of the world's oil is in the arctic). It's a solid career. I know a bunch of people who are in the industry and they use shovels to move the money they earn.

[–]Granite_Pill3 points4 points  (0 children) | Copy

It's sustainable. It just goes through so many booms and busts cycles.

[–]ldamien652 points3 points  (0 children) | Copy

Commenting to check back on this in a few hours.

[–]dadfrombrad2 points3 points  (0 children) | Copy

Everything technology related.

[–]seriousgourmetshit2 points3 points  (0 children) | Copy

Programming. Even if you dont want to be a developer, being able to identify areas in your work where you can write code to increase your efficiency can be pretty helpful.

[–]acp_rdit1 point2 points  (0 children) | Copy

welding is the skill i wish i learned when i was younger

[–][deleted] 1 point2 points  (0 children) | Copy

Selling.

[–]throw_this_far_awayy1 point2 points  (1 child) | Copy

House hold Plumbing and electrical work. Beign able to unclog a drain, stop a leak, replace a light switch, replace a ceiling fan and stuff like that can save you huge bucks $$$.

[–]AnubissWarior[S] 0 points1 point  (0 children) | Copy

As I have heard- handymen will always be 100% necesary in the next 500 years of human existance

[–]bilabrin1 point2 points  (0 children) | Copy

Hard work.

[–]manifestyourlife1 point2 points  (0 children) | Copy

Sales.

[–]whoareyou311 point2 points  (1 child) | Copy

Really surprised nobody mentioned this.

Language. If you can master Spanish and Chinese on top of English, you probably dont need to be a doctor.

[–]Insnspst0 points1 point  (0 children) | Copy

Makes sense, speaking more than one language is always an asset. But can you comment on how it would change your life? Or what you would do? There are many interpreters who speak about 7 languages and aren't living an exceptional life.

[–]Senior EndorsedVasiliyZaitzev3 points4 points  (3 children) | Copy

One of the most important things is to keep spending under control, even if you are saving. There is a tendency to let one's lifestyle rise to the level of one's income. Avoid that.

Also, stay mobile. If you are a high income earner, living in a blue state can costs you millions over a lifetime of work, vs. living in a red state.

[–]thy_shall_win3 points4 points  (0 children) | Copy

I normally agree with most of your points but whats the point of earning more money if you can't use that extra money to create a better lifestyle? Just doesn't make any sense.

[–]AnubissWarior[S] 0 points1 point  (1 child) | Copy

Not from US. You mean republican vs democrat states? So you are advising moving to areas with lower tax?

[–]Senior EndorsedVasiliyZaitzev0 points1 point  (0 children) | Copy

In general, yes. On the whole it’s better to have control over where and how you live. So if one is an entrepreneur, and makes a lot of money, or can simply working one rabbit in a different office of a multinational, it’s better to be in Texas and California. The differential and state tax adds up over time. Not to mention cost-of-living generally.

[–]Uilleam_Uallas0 points1 point  (0 children) | Copy

Math.

[–]lukesterboi10 points1 point  (0 children) | Copy

Definitely how to manage and invest money properly. Don't be that idiot who turns 60 and realizes, "Man! If I had started funding my [maybe Roth, maybe both depending on your financial situation] IRA as soon as I got my first job and stopped masturbating to thoughts of that girl I never even had the balls to make eye contact with in freshman year, I could have retired 10 years ago!"

Also learn to code (and no, CodeAcademy and bootcamps won't work. Those only teach you basic syntax. Head over to your local community college and finish up your other 2 years at uni for that shit. Last time I checked, CodeAcademy didn't have an architecture or compiler design section) or become an actuary or some decent shit that pays so you can actually have money.

[–]slaterhuckle0 points1 point  (0 children) | Copy

Paintless Dent Repair can be extremely lucrative with the right company

[–]piinkoo0 points1 point  (0 children) | Copy

Computer aided drafting, these jobs are in high demand and pay well.

[–]holmesrjk0 points1 point  (0 children) | Copy

Are you in medschool right now? I am a doctor as well. I did made a good amount by launching a website educating people in laymen terms about the usual diseases and I used to affiliate advertisements of drugs from which I made a healthy cut. By this it not only allows you to revise your subjects,but making it more simpler means you have a better understanding of it. DM me if you need more info

[–]blacwidonsfw0 points1 point  (0 children) | Copy

Yup programming make 100-400k a year

[–]illmatic7080 points1 point  (0 children) | Copy

Coding

[–]GoldenAnthurium0 points1 point  (0 children) | Copy

If you're studying to be a Medical Doctor and you succeed, you won't need any other skills, end of story. But, some people run up a lot of student debt and never finish the Medical Doctor path, so if you're committed to being an Medical Doctor don't give up. If you do give up on the Medical Doctor path but you're halfway there, become a nurse, nurses can make a ton of money too and it's the same path as MD. Programming is a great skill, but it's time consuming to learn. Unless you're super-gifted, I can't see somebody studying programming AND Medical Doctor at the same time, I guess it's possible but you may end up failing at both programming AND Medical Doctor if you don't commit 100% to one or the other. If all else fails, become a plumber, those guys make a ton of money too LOL.

[–]Coolvolt0 points1 point  (0 children) | Copy

The trades are good (carpentry, electrical, HVAC, plumbing etc) and will be increasing in demand for a long time, meaning plenty of work available. The knowledge you gain Learning any of these trades will follow you forever and can get you a job pretty much anywhere in the world. Not to mention many of these jobs are unionized with great benefits and a pension.

[–]BiscottiGeneral0 points1 point  (0 children) | Copy

Sales. Nothing will make you more money than sales. I don’t care what anyone says. You can apply sales to every single career. Learn the art of persuasion and getting people to bend to your state of mind.

[–]deadliftsforlife0 points1 point  (0 children) | Copy

saving and investing is great, but learning the tax system and how to take full advantage of it is important. you can benefit more from tax strategies if you own a business, so keep that in mind. basic things like computers/technology, cars, and office space can be written off your taxes if used correctly. sure, your accountant will tell you good things to do, but not all affordable accountants will give you the really valuable information. for instance, using uber/lyft app on your phone can enable to you to literally write off most of your car payments. also, if you own a luxury car for your business, you can enable uber/lyft when driving at all times just to take advantage of the tax deduction, because you are theoretically using it for "business". some guy eventually made a video when he realized it, but there are many tax strategies. hope this helps since taxes literally take up a huge chunk of your income.

[–]PickUrPain1230 points1 point  (0 children) | Copy

Top skills from an young engineer's perspective:

​

  1. Investing: Slowly trickle money into the stock market by finding diversified funds to invest in. Leave these funds alone and they will blossom into a nice sum eventually.
  2. Finance/Accounting: Learn personal accounting/finance along with disciplined budgeting of your money. You can't have money to invest if you spend it all.
  3. Computer programming: data science, machine learning, and various other related skills will be very important in the future. However, if you are becoming a doctor I would focus on that first because mastering this field takes lots of time and effort that you likely do not have currently.

[–]slamdunktiger860 points1 point  (0 children) | Copy

Not exactly high income, but in terms of cumulative spend, eating out is probably the highest expensive in my 20s after taxes and housing.

If I could suggest an expense lowering skill aligned with SMV, I would say:

Cooking.

One chef knife and a serrated knife = you can prep and cook nearly everything

Only started cooking seriously last year, holy shit did panties drop when I rolled up with a tomahawk ribeye steak for dinner (pan sear and finish in the oven to a sweet medium rare).

It’s so so easy honestly once you do it once or twice.

Wish I started doing this muchhh earlier. Big expensive dates are overrated. Why not just cook it up big at your place or hers? Hell, bedroom is right there after a bottle or two of vino.

Some wine knowledge goes a long way too. Decanting cheap wine is pretty clutch.

[–]decoide0 points1 point  (0 children) | Copy

Door to door sales. If you can do that you can do any 9-5 job, but you wouldn’t want to if you got good at it.



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