How much can I save?

ryeshoes · 2016-02-21T22:44:42+00:00

You can save whatever you want, regardless of relationship status.

But since you are thinking about this at a young age, please check out r/financialindependence to look into early retirement strategies

MCMcGarnagle · 2016-02-21T23:13:47+00:00

I want to know how much revenue can be saved

You take your base monthly income subtract taxes, subtract retirement plan contributions, subtract rent/mortgage (harder to get a mortgage as a single person fyi), subtract transport, then subtract food, same for communications, same for any insurance and then don't forget entertainment = how much you can save. That's it. You can pare your life down to basics and bank a fortune or chase bar-star fun each weekend and the latest fashions and phones.

Also for the veteran MGTOWS (30+): What would you tell your younger self to do?

Be kind to people. React to situations in the mindset of acting as the person you'd like yourself to be, which will most often be taking the high road. Don't have kids, dont get pets, then use that freedom to build something whether its a business, a talent, memories, a better community or simply yourself.

oldredder · 2016-02-21T23:17:08+00:00

all depends where you live, costs of living, income based on your area and where in IT. If you want to really just focus on the savings only specifically of not being with women you can probably tally up each date to $50 to $100 and probably each month of actual relationship to some stupid high number nearing half your income and if you're married then divorced effectively give up half to 75% depending on how bad shit goes down.

younger self: already MGTOW just no name for it then.

gummy_mcnubbins · 2016-02-22T02:48:00+00:00

first question; potentially all your revenue. theres no limit. it could be more than you earn. its the only contract that has terms that are only revealed posthumously. second question; fuck as many 20 year olds as possible. when women hit the wall their expectations go up.

thrownaway_MGTOW · 2016-02-22T03:40:40+00:00

Save as much as you can. mid-30s here. I own my land and everything outright and cash only type.

Ultimately you want to reach financial independence as soon as possible. Why? Because when you are free of financial obligations, any money you make after that (minus the very basics that can't be tax deducted food, cloths, and soap) goes into investment opportunities. So you want to get to that point IMMEDIATELY no matter how much it sucks -- even if it means being homeless. I think its worth it. (But also get as much 20something pussy like the guy below said:)

You can get very AGGRESSIVE in your savings. $75/year cellphone plan, hand me down used smartphones, $1000 pickup. At one point I had not bought new pants/shoes in years and relied on goodwill finds, so I hilariously never had pants that fit me right. For a few years I live in a camper in the summer and had roommates in the winter (last week of hunting season November through March -- when it was warm enough to go camping out in the woods again in my 4x4 camper trailer) . I drove that cab over camper on a 4x4 toyota pickup all the way to alaska and back, with zero rent. I did that half the year. I took showers at gyms or in the river. I downloaded podcasts I made about $800 a month in income at the time, all of it went to my investments (at the time, gold and silver). I sold my gold at $1850 and bought real estate.

Anyway I ended up with about $50k of gold after selling it. By pure luck that was the height. Investments constantly change. I took my advice from Financial Sense podcast and Peter Schiff who was on fire during the time. (This was mid-2008-2012s). During the same period I went and looked at property for 5 years. Eventually, the stars aligned, and I found one with improvements (power, well, road) and built a small cabin. I'm still in the cabin but my expenses are less then several hundred a month. I got my career going again after finding my niche, I started working again online. Last month I took home $20k. Every dime I make goes into future investments besides food. My current investment is my farm and property. Last week I bought a backhoe. I have an equipment trailer. I have a tractor. Next up, a PTO cement mixer. If you can wait forever on craigslist, you can find things for pennies on a dollar. All of these are tax deductable expenses, but they are also freaking awesome toys. Any improvement I do to my land, like buildings, fencing, gardening, any money I put into my land is money in the bank. And I don't need to work, pay taxes, then pay a contractor to do it (who then they pay taxes.) I just work on it myself, with my toys that I expenses, and pay no taxes. Plus when I sell my property, I can do a 1031 exchange and not pay capital gains tax or income tax on the work I put in my property. With a 1031 exchange I can upgrade to a bigger property, and do it all over again. A tax free loophole! I could start an excavation/contractor company with my toys, get into the hay bailing business, or haul equipment if I wanted to. Basically every thing I do needs a dual mandate: I am able to use it and it also creates future business opportunity. I'm planning to flip this property.

If I were to go back and tell myself 21-year old something, it would be stay away from alcohol. Luckily I never got married. If you do get married, and you own all your shit outright, put it under a LLC. So if a judge orders you to split up your toys, you don't own them. A corporation does. That can protect your property and assets. If you setup your LLC right you don't need to disclose the true owner of the assets. You could be a REAL dick and put a note against the assets, payable by you and your ex-wife. So the loan payments towards the notes would be split in the divorce. So if you get a divorce, she owes you. That's what I plan on doing. :)

thrownaway_MGTOW · 2016-02-22T06:57:41+00:00

Too much depends on the combination of (highly variable) income versus cost of living -- so it's rather difficult to put any specific dollar (or other currency) amounts on it.

But suffice it to say that many MGTOW find that they can (and we're talking without some "lottery win" or other "luck", just plain old frugality & hard work) essentially achieve "financial independence" within about a decade or so (give or take a couple of years).

And by "financial independence" I mean not only "debt free", but with substantial enough assets (either home & vehicles & major hobby "toys" etc not only bought, but entirely PAID OFF, along with decent savings & investments -- OR if staying "nomadic" then a big old pile of cash/investments/income-creating-property) -- that they're able to leave the proverbial "rat race", to tell "the man" to go fuck himself (at least in metaphorical terms) -- and to switch over to a life of ease & relative comfort, while requiring little to no actual work to maintain it.

By contrast, most married men -- well generally they can slave away for 30+ years and the majority of them STILL won't have achieved that -- and quite commonly in many cases even worse, they'll have (in one way or another, for one wife/child-related cause or another) refinanced/remortgaged themselves to the point that even when they've reached late 50's or early 60's, they're still mired in debt, and having to slave away to just keep their head above the water.

IrishBalkanite · 2016-02-21T22:36:39+00:00

Bumping up this thing, I, too, am interested in advice older men can give.

gundahir · 2016-02-22T08:48:40+00:00

its incredible how much you actually dont need but society makes you believe you need it. cut it off. sit down and think about what you really need. learn about investing because saving the wrong way wont get you anywhere but actually burn your money. not playing the marriage game coupled with a proper career, health and knowledge about investing means you will get wealthy. period.

Campes · 2016-02-22T18:24:37+00:00

As long as you don't stick to basic help desk support, you will benefit greatly by being in such a lucrative field of work. If you follow your plan and stay frugal, expect early retirement. Can't imagine you needing more than $1500 US a month for all expenses depending on where you live.

Title	How much can I save?
Author	TobiasAlex
Upvotes	10
Comments	17
Date	February 21, 2016 9:58 PM UTC (10 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/46xiyu/how_much_can_i_save/
Archive Link	https://theredarchive.com/r/MGTOW/how-much-can-i-save.638122 https://theredarchive.com/post/638122

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