Money

Think-notlikedasheep · 2020-09-17T22:56:46+00:00

Get a job.

Keep a job.

Send less than you make.

Lather, rinse, repeat as needed.

faridle77 · 2020-09-17T22:58:14+00:00

Stay away from women and status objects and fads. Oh homemade food is cheaper.

Chaos1990 · 2020-09-17T23:00:53+00:00

If income>spending, money will increase. So increase income or spend less, it is that simple.

Simple things are not always easy though.

brianmcg321 · 2020-09-17T23:36:50+00:00

Read JL Collins blog Simple Path To Wealth.

VTSAX

https://jlcollinsnh.com/stock-series/

KaitouNala · 2020-09-17T23:12:58+00:00

[deleted]

Nathaniel66 · 2020-09-18T07:37:21+00:00

Assuming you work/ earn and can save some every month, do it. Also...

1) If you can- buy used stuff. You don't need everything brand new, lots of used stuff will work as new and costs small % of that. Ebay is your friend.

2) Don't pay for logo! You don't need the latest Nike's if you know, that random nonames will be as good. A lot of stuff is made for low price market and high prace market in the same way, just different logo.

3) May be hard, but if you really need to save, no restaurants, no weekend parties in clubs and so on. Cooking at home is easy and you can save a lot.

4) LEARN! When you save money, don't spend it on stuff that won't work for you! Learn about investing: stock market/ cryptos/ whatever, education will take time but will profit you later.

5) Get some skills that can give you extra cash. Lots of them are relatively easy to learn and give nice profit. Welding, plumbing, fixing computers?

KaitouNala · 2020-09-18T10:03:28+00:00

Personally way I went about it:

Have a savings goal - "I want x$ in my savings before I..."

Cut any expenditures that are not necessities out of your life till you hit that savings goal.

Example, originally in my case it was "I want to have 2 full months worth of salary in my savings before I..."

When I first started working had a POS beater car that kept breaking down, the few times I went out and bought what I wanted, found myself riding my bike to work again for a couple of weeks because I lacked the money to fix my car until next pay day.

As time went on, I maintained spending habbits in line with "save x till..." and 2 months became many more than 2.

That brings me to a second tip as mentioned before focus on what is wants and what is needs. Prioritizing your spending and practicing discipline in line with wants vs needs will help you build good savings habits.

Another tip is when you want to get yourself something nice/expensive try saving for double what it costs to buy the item, "hey i want a new computer that costs 1500$" then save 3k.

For the most part this is what I did at first. I mostly do not adhere to any of the aforementioned anymore but mostly only because a combination of my current salary and spending habits have it where I'm still saving even without me minding my previously established rules.

John_Oakman · 2020-09-18T00:42:59+00:00

Assuming that you are able to save some money each month already and you're still relatively young. Invest that money in various types of investments. Usually the mix during your young adult years should be a 70/30 mix of stocks and bonds, and as you reach closer to your retirement age shift your stocks into bonds until it's a 30/70 ratio by the time you retire.

Robinhood is a easy place to start messing around with the stock market.

rippierippo · 2020-09-18T10:07:49+00:00

Spend less than you earn. Set aside certain percentage of money for investments and savings each month; and never touch this money. Find ways to boost income like switching jobs or starting a profitable business etc. If you earn less, no matter how much you save will never be enough. That is why you need to either have good paying jobs which allow you to spend less and save more; or start a business that will grow and earn money for you.

n0t__t0day · 2020-09-18T00:10:45+00:00

All of above.

Title	Money
Author	Ayrakaz1
Upvotes	16
Comments	13
Date	September 17, 2020 10:47 PM UTC (5 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/iuu882/money/
Archive Link	https://theredarchive.com/r/MGTOW/money.218527 https://theredarchive.com/post/218527

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