I need advice from my fellow MGTOW brothers.

donkongmdk · 2019-02-01T15:44:09+00:00

Make a chart and figure out what your bills and expenses are then subtract that from your monthly income. It could be high as 50%. If that seems like the case, then start considering living on bare essentials and doing things like cooking your own meals instead of eating out.However,you manage that lets say a good 20% of your monthly income needs to go right in savings plans. With the 30% or so that's left, do what thou wilt. You also need to define what entertainment is for you. Is it expensive drinks and full priced movies? It doesn't have to be, entertainment can be cheap. I'd use the majority of that 30% on equipment for your passion so it can eventually be another source of income that'll fund travel too.

eduardkoopman · 2019-02-01T16:03:40+00:00

What investments do you recommend?

There are these investements like shares, crypto-speculation, bonds, real-estate, etc.. They may give a retrun of max 10% per year if you're lucky. (there are exceptions of much greater returns, and many more examples of people with no return or losses).

Then there are investements into yourself (education, skills, apprenticeship), or your own business, or on a side bussiness hussle. There the potential for much greater returns are. For example, one might buy something and sell it for double the money. That would be a 100% return, that you can't get anywhere else. Or maybe investing in promotion, lets say 1000 dollars, of yourself as an artist, landing you all kind of giggs making 3000 dollars. That would be a 200% return, plus you learn alot.

Seeing your age, I would first invest in "myself". Before going to things like the stock market, etc..

How much income should i put in my savings account?

Keeping a aminimum of 3-6 months of monthly total expenses is what financial advisors often advice.Besides that, saving for investments/purchases one will have to make in the future and there ineffedable (like saving up for a car, or household machines, or whatever).It's a good habit I think, to try to have between 15-20% of your income unspend, which then can be saved (wether or not for investing)

How much money should i spend in entertainment and such?

I try to keep it below 10% of my income, always. More like 5% orso. It would be smart to assign a set amount for it.The everydollar site, or an excel sheet. Would be smart/good to use; to totally try to plan ahead a monthly budget. then you track if you actually achieve the budget, and you have clear insight in where it goes good and where things go wrong/off.

CoinSwapTrader · 2019-02-01T15:56:05+00:00

As a MGTOW you should learn to find happiness in minimalism and cooking your own food(Use coupons to buy bulk food to save over time) and avoiding clubs and wasting money on clothes and depreciable assets such as cars and tying yourself down to a mortgage or long term debt. MAXIMIZE disposable cash flow income!

I don't need to impress women so I don't waste money on new clothes and mostly live off gifts and free clothes friends give me!This year I got a free pair of shoes and a grey goose winter jacket for free from friends! Why buy it when you can get it for free?

If you can build your home food assets slowly over time by buying large quantities at low prices when they are on special you will gain confidence as an investor who can build a bankroll! Now build your pantry and learn to can food and preserve it in your own mason jars! I always cook large batches of various foods with fresh vegetables and meats when they are at low prices and preserve them in pots!

THEN, what you do is renegotiate and optimize your bills by shopping around for cheaper insurance, bank fees, phone contracts and all reoccurring monthly bills...this optimization can sometimes give you 100$ a month more after tax money available without reducing your lifestyle!Saving 1$ after taxes is like earning 2-3$ before takes!

LongjumpingTelephone · 2019-02-01T17:08:00+00:00

Beans and rice, rice and beans

deathtocontrollers · 2019-02-01T18:12:39+00:00

Mooch off as many people as possible and invest in shit that post wall spinsters will need in the future.

antifeminist3 · 2019-02-02T03:30:10+00:00

Many MGTOWs tend to be the loner type, but if you have a good friend (man), consider sharing accommodations to save money.

Title	I need advice from my fellow MGTOW brothers.
Author	donkongmdk
Upvotes	7
Comments	9
Date	February 1, 2019 3:30 PM UTC (7 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/am35ke/i_need_advice_from_my_fellow_mgtow_brothers/
Archive Link	https://theredarchive.com/r/MGTOW/i-need-advice-from-my-fellow-mgtow-brothers.404187 https://theredarchive.com/post/404187

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