Let me begin by saying I value the freedom that money brings to myself above all else. I want nothing more then to be able to do what I want, when I want to do it. I hate being told what to do and ever since I was a young man have hated authority. I can only get my freedom by having saved enough money to purchase it.
This mentality, aside from generous donations to several women along the way, made me into the man that I am today.
I would like to share with you all an awesome forum that is no nonsense factual based information with regards to the stock market. The market is a tool that I have used to provide myself with a passive, (somewhat) reliable income that will allow me to get all the freedoms that I cherish.
People that I know have always said to me, "Napolean-Complex, why dont you spend money on some luxiary things?" my response has always been, "I am saving up for the ultimate luxuary goo. early retirement". Im talking early 40's if things work out well for me.
All that being said, Canadian MGTOWS please read all you can from here: http://www.financialwisdomforum.org/forum/
Our Amercian Brother please go here:
https://www.bogleheads.org/forum/index.php
Hope this helps Brothers
EDIT: For those that have no Idea where to start with their finances I have included this:
http://www.finiki.org
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The forum seems interesting.
My rules for money management is simple:
1) Pay yourself first. Put money away before you pay anything else. Be it 5%, 10% or 15% of your take home, if you pay yourself first before paying anything else, you can build a nest egg over time.
2) Make it automatic so it's deducted from your paycheck directly without you having to think about it, which goes to the collary, learn to live with less.
3) Don't do debt. Most debts are bad UNLESS the debt will make you money. Even a house debt (mortgage) is bad unless say, it's a rental property that you can rent out appartments. Obviously we all need to live some place but a mortgage is not an investment until you can make money off of it.
4) Invest your savings wisely. Don't put your eggs in one basket. Mutual Funds, REITs, resources, a good mix is preferable. Unless you really want to get into day trading, better go for the long term ( like Index Funds for instance). GICs suck.
5) Build up passive income that you don't have to work much for.
6) Spend Less on crap you don't need. Spend only on stuff you really want.
7) Find inexpensive hobbies.
8) You don't need to nickle and dime yourself to death, but shit adds up. That 4$ coffee you buy at starbucks every morning, that's 80$ a month, 960$/year. You could've saved that money instead. Learn to bring a thermos to work with coffee instead you brewed at home. It's the small stuff that really adds up over time.
9) If you are a salaried person, always ALWAYS cultivate a sideline. That 500$ or 1000$/month you can make on the side can save your butt when you get fired or need to get out of dodge.
10) Never buy common consumer goods on credit. Debt is bad. Really, it is. It's a way to make you a slave to your job or to your lifestyle. Don't do debt. Get rid of your debts first then start socking away money if you're really badly into consumer debt.
Frankly, if someone adopted even half of the above, they'd be winning.
Books to read: Automatic Millionaire, Rich Dad Poor Dad, Your money or your life (voluntary simplicity). These books are worth it.
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