Need Advice about money

DCrane09 · 2018-06-22T23:04:50+00:00

Handling money.

Rich dad poor dad - Book

Financial Peace book - by Dave Ramsey

Investing.

Winning the Loosers Game - Book on investing

Common Sence on Mutual Funds - by Bogel, the founder of vanguard

GoodVibesMGTOW · 2018-06-22T23:18:16+00:00

Check out Dave Ramsey. I wouldn't trust this guy on relationship advice, but went it comes to financial advice, he is spot on based on my experience. In a nutshell he says:

1.Create a budget and save 1000 as fast as you can. 2. List all debts lowest to highest. Pay minimums on all debts except the lowest. Attack the lowest with every free dollar you have in your budget. Once the lowest is paid off, attack the next lowest. Do this until you are debt free. 3. Once you're debt free, save three to six months worth of living expenses. 4. Invest 15% of your pretaxed income for retirement. Max out what your company matches at work, and then use Roth IRAs. 5. Invest for children's (if you have them) college. Educational savings accounts ect. 6. Pay off your home asap. 7. Get rich.

Based on his plan it is important to do these steps in this order. I have personally seen how well it works. Good luck

zangatti · 2018-06-22T23:03:51+00:00

With this kind of work it's difficult to not violate no-competition agreements with your employer. You might try taking up a side hustle on the weekends, and seeing if you can develop it into a full-time gig.

Here's a list to get you started. I'm going to use some of the ideas once I have an actual house (hopefully I close soon on it) with space and workshop area to work with. Some of the ideas are shit, but some of them are pretty good.

https://www.sidehustlenation.com/ideas/

As a MGTOW, you don't have in-laws to entertain on weekends, a girlfriend to take to the movies all the fucking time, and you don't have to go to the bars/clubs every night looking for a new trollop to poke with your shwing shwang. So, all of your weekend can be dedicated to getting out of the hell that is your job (if you happen to see it as a type of hell)

I don't particularly despise my job, so my side hustles are just going to be for hobby purposes and hopefully making a bit extra on the side that I can turn around and invest with.

Gamersparadise4 · 2018-06-23T05:10:10+00:00

OK,there are 3 ways to earn income online legitimately: 1) Learn Forex Trading, checkout Adam Khoo's channel on YouTube. 2) Learn programming to publish apps on PlayStore. Greatest for passive income. 3) Start a YouTube channel on a topic which you like. Hope that helps.

StayOffTheRoad · 2018-06-23T08:34:20+00:00

Have you checked out websites like Fiverr.com or upwork.com? Freelance work can be obtained through websites like those.

mysterip · 2018-06-22T23:15:23+00:00

You need to master your craft. If you want to be successful in business or anything you simply must be better than your competition, and there's always competition, so get to it!

cyborg_type_darkness · 2018-06-23T05:03:24+00:00

Buy stuff you NEED instead of luxuries.

Remove everything that costs you a lot of money e.g. expensive car, phone subscription, big house etc.

Earn more than you give.

Save 10% each month.

Title	Need Advice about money
Author	danzower
Upvotes	5
Comments	14
Date	June 22, 2018 10:59 PM UTC (8 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/8t5lqz/need_advice_about_money/
Archive Link	https://theredarchive.com/r/MGTOW/need-advice-about-money.537755 https://theredarchive.com/post/537755

Comments