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What is The Red Pill of getting rich?

Reddit View
January 6, 2018
58 upvotes

I've read once a comment on TRP that said something in the lines that just like TRP is an 'antidote' to the poison of our feminized society there are other 'antidotes' to other 'poisons'.

What are other common misconceptions that we still hold true? Where else are we still stuck in the Matrix?

I hope it is clear enough what I'm trying to convey.


Post Information
Title What is The Red Pill of getting rich?
Author soyDonEladio
Upvotes 58
Comments 54
Date 06 January 2018 11:17 AM UTC (3 years ago)
Subreddit askTRP
Link https://theredarchive.com/post/579
Original Link https://old.reddit.com/r/asktrp/comments/7oiq9y/what_is_the_red_pill_of_getting_rich/
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Red Pill terms found in post:
the red pill
Comments

[–]Gainsndgame62 points63 points  (8 children) | Copy

One of the red pills of getting rich is achieving financial independence. Scope their subreddit, /r/financialindependence, and you’ll discover a new way of life that advocates for accumulating a large enough and diversified enough portfolio that enables you enough passive returns to quit your job and spend your time doing what you truly want to do.

In this sense, much like TRP frees you from the matrix that is the BP conditioning of feminized relationships and society, becoming financially independent frees you from the matrix of the 9-5 and/or the “working for the sake of providing” grind that dictates most of how people in society operate.

There are stories of people reaching their FIRE (financially independent retire early) goals, and spend the rest of their days traveling, making gains through books and the gym, cooking, spending more time with family, or pursuing the hobby they always dreamed of but never saw as sustainable.

Great groundwork that expands on basic saving concepts and investing that personal finance tries to teach. In fact, you could probably consider it the graduated version of PF

[–]Buckeye12346 points7 points  (3 children) | Copy

Get to a place in your career where you can walk away if you’re disrespected—just like in relationships. That means having skills and having savings. I got disrespected a few weeks ago (passed up for a promotion for completely BS reasons; was told I’d get it a year ago; giving notice as soon as conflicts clear with my new employer).

[–]obama_loves_nsa1 point2 points  (1 child) | Copy

Boom

Perfect 👌

[–]randarrow1 point2 points  (0 children) | Copy

That and r homesteading . Someone actually made a post the other day about regretting taking the red pill by leaving the city and living self sufficiently, and people were almost viscious....

Regarding r financialindependence, there is also r leanfire, a more severe version.

[–]minoc_uo0 points1 point  (2 children) | Copy

Cool. I have to check that out. I was hoping to achieve this through crypto currency.

[–]ryuamakusa1993 1 points1 points [recovered] | Copy

If you mean you're going to trade cryptocurrencies regularly, that's a legitimate plan. If your strategy is to hold and hope, the result is not going to be certain. I recently sold all my positions because I saw I was slipping into a state of mind that is the opposite of a go-getter. I also unsubscribed from my company's stock purchase plan that would give me a 15% guaranteed profit every six months. I am now forcing myself to actively use that money even if I end up losing it in some investment.

If you're already being proactive in other areas of achieving financial freedom, just disregard this comment.

[–]minoc_uo1 point2 points  (0 children) | Copy

I kept my company 401k with full matching. I built some mining rigs and collect from those. I should be able to recover the money in about a year's time. I think that's possible.

I'm planning on reivesting some of the money I make back, but am holding some for long term retirement hopes.

[–]DanAffid53 points54 points  (4 children) | Copy

Common misconceptions:

  1. The company is family
  2. You need to be loyal to your work
  3. Good things comes to those who wait
  4. Bragging is bad
  5. HR is there for you

Those are just BP misconceptions, there are many other problems that prevents people from succeeding.

In addition, some people can get rich just by being in the right place and time, though successful people tend to actively look the right place and time.

[–]justdontfindme0 points1 point  (1 child) | Copy

Can you expand on number 4?

[–]DanAffid1 point2 points  (0 children) | Copy

You have to take credit for your success, people need to know about the good things you did. Just like you need to take responsibility on fuck-ups.

I used to create a weekly performance report wherein very bold letters colors I'd put the amount of money I've created for my employer

[–]Governor_Humphries20 points21 points  (1 child) | Copy

My red pill financial epiphany came when I read this

[–]Throwawaysteve1234563 points4 points  (0 children) | Copy

Too much BS out there on this topic. That was a good read.

The fact is, if you want to be wealthy, and you don't happen to have an inheritance, a succesful business, or perhaps have a handful of certain careers (MD, corp law, large asset finance, etc.), then the only way to get moderately well off is by forgoing things that most people accept as 'standard'. Most middle-upper class people have middle class incomes, and many people with upper class incomes have middle class assets. Frugality is the answer for 99% of people that want to get ahead.

[–]StrongAffordance15 points16 points  (0 children) | Copy

Conspicuous consumption, fast fashion, “keeping up experiences”, using money to impress people, debt, student loans, etc.

[–]aurelius_shrugs 1 points1 points [recovered] | Copy

As long as you are a laborer, you’re a slave. Get that “fuck you” money or be happy getting railed by better capitalists.

Labor arbitrage is real. Take advantage. Become a deep expert on a domain in demand. Sales is always a must.

[–]JackGetsIt1 point2 points  (2 children) | Copy

^ The realest comment in this thread right here. ^

[–]pridebrah0 points1 point  (1 child) | Copy

aaannndddd it's gone. What was it?

[–]JackGetsIt2 points3 points  (0 children) | Copy

He just said labor arbitrage is a very real thing.

[–]kenpachitz 1 points1 points [recovered] | Copy

Become a deep expert on a domain in demand.

How would one know such domains? 🤔

[–]Taco_Truck_Aficionad14 points15 points  (6 children) | Copy

Anarcho-capitalism is the ultimate red pill from which all other red pills descend.

[–][deleted] 3 points4 points  (0 children) | Copy

this.

[–]inNeedOfHelp902102 points3 points  (0 children) | Copy

That is a VERY technical way of saying it, but yes, it is definitely true.

[–]justgotfuckingcucked2 points3 points  (0 children) | Copy

absolutely.

[–]bickisnotmyname2 points3 points  (1 child) | Copy

What exactly is anarchy capitalism?

[–]mickey__0 points1 point  (0 children) | Copy

how?

[–]creating_my_life5 points6 points  (4 children) | Copy

if you don't have a significant equity position (or own the business outright), you're working for someone else.

the millionaire next door: net worth is the goal, not income. saving leads to more millionaires than earning.

mr. money mustache: avoid consumption. FIRE.

[–]bickisnotmyname0 points1 point  (3 children) | Copy

What is FIRE? Any further advice? I’m deeply interested in attaining financial independence.

[–]creating_my_life0 points1 point  (2 children) | Copy

Financial Independence/Retire Early

I’m deeply interested in attaining financial independence.

Go read "The Millionaire Next Door". EVERY word of this is pure gold.

Go read every post from Mr. Money Mustache. (note: I agree with about 80% of what he says, not all of it.)

Track your expenses down to the penny. I have less than $100 of "unknown" expenses per year. Yes, PER YEAR.

Financial independence is where you can fund your lifestyle for the rest of your life without having to earn another dollar in income. The equation is 4% of your liquid investments should be your annual expenses. Understand this.

Stop spending money on stupid shit. (this is where MMM is pure gold.)

[–]bickisnotmyname0 points1 point  (1 child) | Copy

Millionaire next door, it’s quite an old book. How much is still applicable?

I’ve started with MMM. Thanks, I really like his articles.

I could do with spending less on shit. I don’t really leave myself wanting for things which is bad.

I’d like to know how to use the funds I have to make them work for me. Basically investment. Started with some crypto and had alright returns. I just think that’s a bubble waiting to pop. Any investment advice for a newcomer?

[–]creating_my_life1 point2 points  (0 children) | Copy

Millionaire next door, it’s quite an old book. How much is still applicable?

Every damn word. The more things change, the more they stay the same.

I googled "Millionaire next door 2017", and this was one of the reviews, there are many more: http://rockstarfinance.com/millionaire-next-door-book-review-thomas-stanley/

I could do with spending less on shit. I don’t really leave myself wanting for things which is bad.

MMM teaches you to want less. Happiness is wanting what you have, not having what you want. Every stupid thing you buy is money you're not investing and isn't growing for you.

I’d like to know how to use the funds I have to make them work for me.

/r/personalfinance has a really good flowchart. It basically says to take care of your foundation before you invest.

Basically investment. Started with some crypto and had alright returns.

Crypto isn't an investment. It's speculation and gambling. Understand what this means. It's fine to go gambling, but just be able to lose 100% of what you gamble. Investment is where you own part of something that generates revenue.

Any investment advice for a newcomer?

The ONLY correct investment advice is, "Low cost index funds held for a very long time." EVERYTHING else has substandard returns. It's fine that the best answer is also boring and easy. Go read bogleheads forums.

[–]thefisherman19618 points9 points  (3 children) | Copy

All power centers of our society are blue pill in nature. They exist to strip every person of their individuality by brainwashing them into thinking that the greater good is more important than the good of themselves as individuals. That is obviously contradictory to the very individualist Red Pill philosophy. By that, I mean the Red Pill man focuses primarily on himself and on others secondarily. Any institution that requires you to focus on others over yourself is blue pill.

Government and religion are the best examples of this. Read this: http://archive.is/DTS6Z

[–]prigglytuff 1 points1 points [recovered] | Copy

Government and religion are the best examples of this. Read this: http://archive.is/DTS6Z

So, having a place to gather and discuss certain values, where there is clearly some kind of hierarchy or respect for more knowledgeable people and experience with trp, giving advice to newcomers, trying to influence people and increase your community of red pilled men, shaming betas, spanking those who slip (eg. porn/weed and other anti trp stuff), is in NO way like religion! Yeah, religion is evil.

Grow up and accept that religion is a necessity in a society that want's to have solid foundations. Basically, religion is the exact opposite of government.

It's no wonder that one of the first thing marxism did to western societies was to devalue and ridicule the church.

[–]Taco_Truck_Aficionad2 points3 points  (0 children) | Copy

If by Church, do you mean the Catholic Church? The State Religion of the Roman Empire. Because if so, you might want to be aware that Catholicism was founded as government program, and that all throughout history, all religions were Official State Religions. The only thing that separates a cult from a religion is government recognizance. All throughout history, God and the State have always been one and the same. I would argue that now, the State is the new religion, which is why socialism and communism have become so popular despite the empirical evidence of those systems being total disasters for mankind.

[–]thefisherman19614 points5 points  (0 children) | Copy

So, having a place to gather and discuss certain values, where there is clearly some kind of hierarchy or respect for more knowledgeable people and experience with trp, giving advice to newcomers, trying to influence people and increase your community of red pilled men, shaming betas, spanking those who slip (eg. porn/weed and other anti trp stuff), is in NO way like religion! Yeah, religion is evil.

Every major religion worships the maniacal demiurge who created this hellhole of a universe that's full of an incomprehensible amount of constant suffering. The most powerful religion in history, the Catholic Church, partnered up with governments to forcibly extract wealth and land from the population, and brutally tortured to death anyone they felt like. To this day it continues to cover up child molestation and threatens that the demiurge will send anyone who disagrees with them to burn in hell for all eternity. And the leaders laugh all the way to the bank. Protestant churches burned witches. Even Judaism and Islam encourage people to commit brutal violence in the demiurge's name, and we can see what a shithole the Middle East is because of those two fucked up religions.

Like all power structures, religion's primary function is to enhance the wealth and power of those at the top while controling the minds of the people at the bottom. They raise boys to be good beta providers and tell them to not have sex until after marriage (an institition created by the violent demiurge and maintained by violent governments and religions).

TRP does none of that. It encourages men to not initiate violence against others but instead to hold frame. It encourages you to consider the gym to be your church. It encourages you to focus on your own good instead of the good of the church or the good of the state.

Also not sure where you get the idea that TRP "spanks" people who slip with porn and weed. Porn and weed are fine in moderation.

Grow up and accept that religion is a necessity in a society that want's to have solid foundations.

No it's not, you just made that up.

It's no wonder that one of the first thing marxism did to western societies was to devalue and ridicule the church.

That's because it deserves to be devalued and ridiculed

[–]room_3037 points8 points  (0 children) | Copy

Much like the "body cannot live without the mind" -- "The women cannot live without the facebook."

[–]Random_throwaway_0002 points3 points  (1 child) | Copy

It's not that hard. You're a young single guy who won't get married or have kids. No point buying a house. Shit, any decent career will mean you're a millionaire by retirement.

No, it's not clear, but I took your title literally anyway.

[–]JackGetsIt 1 points1 points [recovered] | Copy

Four big RP financial truths I've found:

Lifestyle' dept.

Any debt you take on specifically to appear to be a part of a certain class. So nicer car, nicer house, vacations, bullshit degree that's not going to pay for itself. Basically any dept that's not going to be productive. Taking on debt to start a business that has good fundamentals is not lifestyle debt.

BIFL

Another financial truth is buy it for life items (BIFL). Using and maintaining cast iron can be a lot more cost effective over the long run instead of buying teflon that flakes and need thrown away although it's easy to fetishize these BIFL items and end up spending way more money then you would have ever done with some disposable items. So it's all about balance.

Ownership

There's a real problem of being nickel and dimed in a capitalist society that is side stepped when you own things. Aim to own your home, own your car, own tools and you end up saving a lot of money. Just never buy a boat!!

Slight Edge

There's a book called the Slight Edge that talks about how very small changes can make big differences over the medium and long term. This applies to finances big time. Bringing your lunch to work is a good example but there are thousands of others. R/frugal has some great financial hacks that add up. Also related to this is the power of interest and investing early.

edit. Last note I want to make is that it's really important to see money as 'freedom' many people that are raised in poverty or low middle class have a one day at a time survival mentality and money is spent the minute they get it out of necessity. This mindset needs changed if you want to get rich. Here's a good article on money as freedom.

http://time.com/money/4959211/whitney-cummings-money-essay-im-fine/

[–]_MysticFox 1 points1 points [recovered] | Copy

I'm in uni, and I don't understand how people spend so much.

Let's make a list: food, clothing, vacations, living expense, car, cooking utensils, and sleeping items like pillows, blanket, etc. if you're going out, a meal will cost something like $20 max

How much more can a person spend?

[–]JackGetsIt0 points1 point  (4 children) | Copy

You'd be amazed at all the extra expenses that come up in the course of a year. Medical, accidents, theft, weird fees/taxes, donations, gifts, repairs, mistakes, etc. etc. Even an excellent budget can be off by 20-30%

[–]_MysticFox 1 points1 points [recovered] | Copy

Okay, medical and accidents is still a small percentage.

Let's exclude theft because if we're not overconsuming, what is there to steal? Taxes are a given, but they don't destroy your income. Donations are tax deductible. Repairs come with vehicle costs.

Say I'm making $70k a year after taxes. I'm spending $10k on housing and food. Let's add another $1k-$2k if I'm going to go out more for food or buy better food.

My car is definitely nice and came for $7k, but let's do $10k. Let's estimate insurance and repairs for $5k. Let's estimate health insurance to $5k. Let's say bullshit expenses like pots, pans, and pillows come to $2k. Let's say vacations come to $5k if I even go on one.

$10k + $10k + $5k + $5k + $2k + $5k $30k + $2k + $5k $37k

That leaves me with AT LEAST $33k. If I already have a car that's $43k extra. What the fuck are people doing with $0 savings accounts with that much extra cash? With my current student debt and that level of savings, I'd kill it off within two years.

[–]JackGetsIt0 points1 point  (2 children) | Copy

Say I'm making $70k a year after taxes

Most people aren't working with this type of base pay. Your numbers are also going to change DRASTICALLY depending on where you live.

edit. Also people lose jobs and while searching for new jobs are out of income. Moving costs for new jobs as well effect budgets. People are moving and change more jobs more frequently than ever. You're also leaving out student loans and paying for a family.

[–]_MysticFox 1 points1 points [recovered] | Copy

Ok. Subtract however much in savings with however much in pay. I make $60k? $30k savings. I make $50k which is just average income? $20k. Let's say I'm dumb enough to major in something stupid and make severely less than average pay at $35k, lower than most states pay for teachers, you still save $5k for only that year.

[–]JackGetsIt0 points1 point  (0 children) | Copy

Ok. I still don't think you're seeing the big picture here. Let me run some numbers for you.

50k salary.

1/3 gone for taxes and 401k/pension. You never even see that money.

34k

Student loans based on that income are going to be minimum 500 a month payments.

28k

Rent's are sky high right now. You're not getting under 1200 in most areas. Let's assume you get a roommate, so 600 a month.

21k

Food is sky high and people don't cook anymore and most jobs don't give you time to cook. So 500 is bare minmum and ends up way closer to 1000k for most people but lets do the 500.

15k

50k income saving should be minimum 10% of salary.

10k

Car payment and ins. 300 minimum. Gas 200 per month.

4k

Phone, internet, are now mandatory to exist in modern society. Lets also lump in utilities. So 300 is super conservative estimate.

400

You've got 400 dollars (over the whole year) now left for: hobbies, vacations, accidents, extra work expenses, clothes, shoes, toiletries, fees, mistakes, parking tickets, buying media, maintaining the things you own, etc, etc.

All this also assumes you don't have a pot or cigarette or drinking issue. Also this assumes you never go on dates or social events that cost money.

[–]3chazthundergut1 point2 points  (0 children) | Copy

Red Pill of getting rich: earning lots of money does not make you rich, but rather living a consistently frugal lifestyle and minimizing your spending while maximizing your savings.

It isn't flashy, it isn't fun, but it is the bitter truth.

Just like with diet, exercise, mastering a new skill, etc. That seven figure account is built upon years and years of frugal living, consistent saving, delayed gratification, and smart investing.

[–]IVIaskerade1 point2 points  (0 children) | Copy

That you want to "get rich" tells me you're still stuck in the mindset of money being everything.

All you need is enough money to be comfortable. As long as you have that, there's no point working instead of doing something you enjoy. I do my current job because I enjoy it, but there's no way I'm ever going in for a saturday shift when I could be packing up my snowboard and heading to the indoor slope and perfecting my melon nosegrab fakie switch 180 instead.

[–]jm510 points1 point  (1 child) | Copy

BP rich: Was reading of a business tycoon, easily a billionaire on todays money. Huge house, butler, well known chef exclusively employed by him. You get the idea. The guys favourite meal was shepherds pie but his chef refused to make it for him because reasons. He hosted top level dinner parties and needed his chef so couldn't fire him, therefore no shepherds pie.

RP rich: Middle aged guy I knew. Working class and clued up wrt finances. Owned a good house, no mortgage. Also owned 2 black cabs, no debt on them. (UK black cabs need a 'plate', similar to a medallion with NY taxis.) He only worked on the cabs when he felt like it. (Other drivers paid to use his cabs.) His life might not have much sparkle to it for some but it was exactly the life he wanted.

[–]gaki1233 points4 points  (0 children) | Copy

wtf is this post. Are you autist?

[–]Ricky4690 points1 point  (0 children) | Copy

The goal of "getting rich" should be security. I like the term financial independence myself. Gaudy displays of wealth are foolish, it only makes you a target for gold diggers.

Wealth gives you options, wealth makes you able to indulge interests and travel. But having a secure existence enables one to handle the unexpected.

I have luck in wealth attainment. I have a nest-egg of about $2 million, own several properties, and have a six figure job in science. My main residence that is my public face is nice but still modest. I am in my late 50s I'm at peak earning but am not reliant on my current job, I have worked for many research companies and the government over my career. I get a few new offers each year. I love my work and enjoy teaching on the side. I plan on working until I'm 67. I do not wish to withdraw from society but could if there was a reason to.

I do tend to think about old age and retirement. I am curious about how other RPers plan to handle old age.

[–]lolexbolex0 points1 point  (0 children) | Copy

Getting rich.

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

Eh, read the 48 rules of power & another book called Mastery both by Robert greene, that'll probably redpill your mindset for society, power, wealth and work ethics all in one.

[–]shittyjuice55-1 points0 points  (4 children) | Copy

Take risks

People investing bitcoin are taking huge risks. Who knows if it'll be better getting into it instead of stocks and bonds

find the next big thing and dump what you can into excluding necessary residual income

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

Yeah sure dump your money into a controversial thing such as bitcoin, which is now being argued and criticised for being a pyramid scheme.

[–]1atticusfinch19731 point2 points  (1 child) | Copy

Cryptocurrency isn't going anywhere soon, and you can cash in if you're smart. Just like any other risky investment. If you invest what you can afford to lose then it's no real risk and the potential upside is massive.

[–]gaki123-3 points-2 points  (0 children) | Copy

Cryptocurrency isn't going anywhere soon

Exactly. That's why it's bullshit

[–]shittyjuice550 points1 point  (0 children) | Copy

Way to delete your profile moron



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