What are the best RP resources on money and career?

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September 27, 2019

Hey, I'm 18 years old and I would like to know the best posts/blogs of TRP to be ahead in career and money.


Post Information
Title What are the best RP resources on money and career?
Author Teto3001
Upvotes 86
Comments 58
Date 27 September 2019 05:49 PM UTC (1 year ago)
Subreddit askTRP
Link https://theredarchive.com/post/287400
Original Link https://old.reddit.com/r/asktrp/comments/da3y3k/what_are_the_best_rp_resources_on_money_and_career/
Similar Posts

Red Pill terms found in post:
the red pill

[–]thrwy7547971 points72 points  (3 children) | Copy

  • accept that life is finite, and short
  • surround yourself with people you want to be like; hopefully those people are better than you
  • work your ass off when young because that's when you have the energy
  • start investing when young; it puts you ahead, and it's a time when you can take risks that may result in high payoffs
  • create passive income streams so you don't have to work when older
  • maintain health through exercise and diet
  • if you marry, marry for the right reasons, and with the right person
  • read; keep learning
  • maximize your income by choosing a field that pays well, rather than one that feels good
  • getting things done in the short-term will help you realize your long-term plans
  • do not neglect family, and important relationships

[–]Ireallydownknowhey37 points38 points  (1 child) | Copy

"maximize your income by choosing a field that pays well, rather than one that feels good"

From experience there's nothing more miserable than studying something that you have no interest in, at the least choose a field that you actually like first tbh.

[–]thrwy754798 points9 points  (0 children) | Copy

You're right. I suppose "pays well", and "feels good" don't have to be mutually exclusive.

I wanted to emphasize that when picking a career, consider the economics of the times, and how you could make a living doing what you do.

For instance, opening a company that makes rotary phones, for reasons other than novelty, in the current technological climate is likely not a good idea.

[–]unn4med2 points3 points  (0 children) | Copy

Golden advice.

[–]new__vision17 points18 points  (1 child) | Copy

Search the main sub for "Red Pill Books Compilation V3"

Millionaire Fastlane by MJ Demarco: (Mindset - P2) No this isn't some get rich quick scheme or ideas on how to make quick money. Demarco presents the idea in his book that there are different ways of thinking about money amongst people. The "Slowlane" way of thinking which is plagued by the ones who work paycheck to paycheck to survive, and the "Fastlane" way of thinking that breaks away from the norm of the typical "Go to school, get a job, save your money, retire at 65." mindset. Very interesting read on how to achieve wealth through changing your way of thinking.

I also like Ramit Sethi and his book "I Will Teach You to Be Rich". He also has a youtube channel.

[–]Truedemocracy5-2 points-1 points  (0 children) | Copy


[–]forknpork31 points32 points  (12 children) | Copy

The Intelligent Investor by Ben Graham. Its old but still relevant

[–]Teto30015 points6 points  (8 children) | Copy

I'm talking of more general stuff, I don't want to analyse stocks.

[–]Freezer260910 points11 points  (0 children) | Copy

Check out Rich Dad Poor Dad by Robert Kiyosaki

[–]forknpork2 points3 points  (0 children) | Copy

Gotcha. The first few chapters are more high-level. He doesn't go in depth until later chapters. Bogleheads forums has good content. Might be more up your alley.

If you want great content on career advancement, "Never Eat Alone" is a must read. Again, its not a blog or anything but you'd benefit from it. I read it in maybe 4ish hours.

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

If you want to don’t understand the importance of index funds and tax savings from certain investments, then you could say goodbye to making 2k a month passive income by your mid-late 20’s.

[–]sjwixnsn 1 points [recovered]  (3 children) | Copy

24k/year? index funds on avg give 9% return/year. so you'd have to have 200k saved up by ur mid/late 20's which isn't feasible

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

Lol That’s a pretty average net worth at 30. I’m 25, I’ll have half a mil by 30 at minimum.

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

what yearly income do you have?

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

I work in construction trades. Depends how much I work. 60k-100k And stocks give me ALOT.

It’s mostly about how much you save.

I live off 1,000 a month in California.

[–]lifeisweirdasfuck0 points1 point  (1 child) | Copy

You are not going to get rich by simply investing in the stock market unless you have a high cashflow already.

[–]forknpork0 points1 point  (0 children) | Copy

He didnt ask "how to get rich"

[–]z2a1-9-1 points0 points  (0 children) | Copy


[–]TheYoonFather40 points41 points  (7 children) | Copy

Rich Dad Poor Dad inspired me to start a business and work for myself. Just passed two years of working for and fully supporting myself.

It’s a very general book that will make you look at money, work and life very differently.

[–]Mister_Lymon_Zerga6 points7 points  (0 children) | Copy

Think and Grow Rich, along with the Richest Man in Babylon are both good books, in the same vein of thought.

[–]ohRyZze16 points17 points  (3 children) | Copy

God pls dont fall for that snake oil salesman. He go rich giving courses and publishing books nothing else. The advice in there is so freakin useless

[–]AladdinHussein11 points12 points  (0 children) | Copy

No it’s a book about changing your mindset from being an employee and working for a paycheck vs being an investor and having your money work for you. Yes he lacks specifics, you’ll get that from other books, but that book has lit the fire under more people’s asses to get financially free than any other

[–]TheYoonFather14 points15 points  (0 children) | Copy

I’m not advocating his courses. I think his courses are a sham. But Rich Dad Poor Dad as a book was great FOR ME. Maybe not for you. Don’t think it’s a good book with solid concepts regardless of who the author is? Then I would be willing to bet you have worked for someone else your whole life.

[–]Radinax0 points1 point  (0 children) | Copy

I don't care for his course, but his book changed the way I looked at the world and it made my life better.

[–]lifeisweirdasfuck1 point2 points  (0 children) | Copy

That dude has correct teachings even though I hate his "guru-ish" attitude.

[–]z2a1-90 points1 point  (0 children) | Copy


[–]MusicSports9 points10 points  (0 children) | Copy

Corporateland on the sidebar. Helped me get my first job out of college.

[–]oldguy_198113 points14 points  (5 children) | Copy

Here’s what I did to increase my income by a factor of 10 (yes, ten times more) from 22 to 32. I don’t feel rich by any means so take this with a grain of salt.

  1. Quit playing video games (you can still play occasionally but your life is too short to spend big chunks of time on this).
  2. Invest in yourself constantly. Physical and mental. Aim to improve every single day.
  3. Pick a trade and stick with it. Change jobs every 2-4 years to maximize your salary and ensure you’re always being paid the market rate or better.
  4. Don’t compare yourself to other people.
  5. Don’t snub your nose at a potential opportunity.
  6. Spend 25-40% of your after tax income on housing. No more.
  7. Save 3-6 months worth of expenses in a liquid account.
  8. Buy insurance. Health, auto, home. Set the deductible as high as you feel comfortable losing at any given time.
  9. Pay off your credit card every month.
  10. Buy a house.
  11. Maximize your 401k and IRA when you can. Allocate the investments into low cost index funds, aka a “target date” fund.
  12. Do whatever you’d like with the rest. Invest in real estate, individual stocks, bitcoin, alternative investments, whatever.

[–]battlebrothercain1 point2 points  (4 children) | Copy

Quick question. Currently 23 and working for one of the top 3 oil companies, making 100-105k right now, expected to increase 20-30k within the next 5 years. Do I honestly need 20% for a house down payment? The thought of wasting my money on rent is really making me grit my teeth.

[–]gimmickless0 points1 point  (2 children) | Copy

You can spend as little as 5%. The downside is you pay for PMI.

[–]battlebrothercain0 points1 point  (1 child) | Copy

Yeah, but doesnt the PMI end once you hit 20%

[–]Ultimate_Consumer0 points1 point  (0 children) | Copy

As long as your mortgage issuer allows it, they don't always have to. Plus, you'll have to pay to get your house appraised once you feel you've hit the 20%. That's costs money.

[–]oldguy_19810 points1 point  (0 children) | Copy

Your house should only be 2-3x your gross income otherwise you’ll potentially have financial problems if anything comes up. Saving the down payment is usually the hardest part.

In the US if you’re a first time homebuyer you can qualify for various credits that lets you put less down. So long as the mortgage is within your budget it’s probably ok - just remember the 25% rule (after tax, not pre tax). Try to get a 15 year fixed rate mortgage. If you have to go for a 30 year adjustable rate that probably means this house is too expensive for you.

[–]ImprovementisKey12343 points4 points  (0 children) | Copy

u/VasiliyZaitzev and his “CorporateLand” series have made me a monster in the corporate world within my niche field at a very young age. Check the sidebar

[–]Slut_Slayer900016 points17 points  (7 children) | Copy

Simply advice to success:

Avoid debt at all costs, avoid an LTR for as long as you can (preferably till at least 30 at the soonest), definitely avoid kids (biggest killer to getting rich). Develop a skill that is in high demand, and work your ass off until you get really good at it. Leverage your skill for money, develop relationships and get more money. Save as much as you can, and avoid the lifestyle creep of living paycheck to paycheck.

Don't worry about investing until you are making 100k a year (this is controversial advice) but its pointless to invest money when cash is valuable. You can leverage cash and make a lot of money at one time instantly if you capitalize on the right thing. Think buying a home or an item you can flip for more money because you have cash and don't need to finance ect. Stack cash >fuck bitches > avoid debt

[–]Truedemocracy513 points14 points  (6 children) | Copy

Disagree on the last paragraph bigtime. Don’t make close to 100k and have been gobbling up rental properties for the last few years

[–]Slut_Slayer90001 point2 points  (5 children) | Copy

How old are you?

[–]Truedemocracy53 points4 points  (4 children) | Copy


[–]Slut_Slayer9000-2 points-1 points  (3 children) | Copy

Ok so you've had what 8 years of working give or take to stack cash, and to invest in real estate which is great. But also you probably were afforded the luxury of the real estate market being lower then what it is now which is at the highest its ever been. He won't have that luxury.

Regardless my point was more so about people trying to dampen their already little cash flow by trying to marginally invest into the stock market, 401k ect. Keep your cash flow high allows you to invest when the oppurtuniy arises like presumably you did with real estate.

[–]Truedemocracy55 points6 points  (2 children) | Copy

Not really. 4 years cash flow post college, real estate prices are high but easy to get in. Can get 2-3 units a year for under 10k total.

If you wait to make 6 figures you’ll likely be in your 30s and could have less flexibility to take this risk

[–]Zdzblo0 points1 point  (1 child) | Copy

Any advice on how to do this? I’ve been reading real estate books but prices are so high right now and I can’t seem to find anything affordable. Of course I live in a high cost of living market.

[–]Truedemocracy52 points3 points  (0 children) | Copy

Go owner occupied in a multi family. Can get financing for less than 5% down. Look for Duplexes, triplexes, or 4 units. After a year move out, get another one, and do it again

[–]shouldergirdle7 points8 points  (3 children) | Copy

Look up books by Napolean Hill. "Think and Grow Rich", " The Keys to Success" and many more. He is the seminal writer in the field of self help and success. In fact, I have had both of these books at my desk for the last 25 years. They have worked for me, beyond my wildest dreams.

[–]z2a1-9-1 points0 points  (2 children) | Copy


[–]test1729-1 points0 points  (1 child) | Copy


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


[–]BrodinsOats2 points3 points  (0 children) | Copy

Personal finance subreddit wiki is a decent start for managing money.

[–]Peruaan1 point2 points  (0 children) | Copy


[–]NeuroBoss311 point2 points  (0 children) | Copy

There's no shortcuts in life. To be world class: you have to put in the hours and be willing to sacrifice other pleasures and aspects of the mundane that normal people have.

[–]MR_SKINNYPENIS691 point2 points  (0 children) | Copy

Donald mofuckin' Trump

[–][deleted] 3 points4 points  (2 children) | Copy

Experience. Get out and try to get work at big companies with rich people.

[–]Truedemocracy53 points4 points  (1 child) | Copy

People don’t get rich from working at corporations lmao

[–]Mister_Lymon_Zerga2 points3 points  (0 children) | Copy

No, but it can be a good place to get in with people who are.

[–]jm510 points1 point  (0 children) | Copy

I liked 'How I Raised Myself From Failure to Success in Selling' by Frank Bettger.

[–]Truedemocracy50 points1 point  (0 children) | Copy

Bigger pockets - great to get into real estate and helpful community

[–]abomba240 points1 point  (0 children) | Copy

Have watched a few of these Marko whiteboard videos, great advice around accruing wealth, financial decisions, etc https://www.youtube.com/channel/UCL_v4tC26PvOFytV1_eEVSg

[–]Senior EndorsedMattyAnon0 points1 point  (0 children) | Copy

Search TRP for the words "money" and "career" and "corporate".

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

Do what you love!


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