What I have learned from being in lockdown for 3 weeks.

PsychologicalInjury2 · 2020-04-17T17:39:14+00:00

Have no debts.

This is the cardinal rule for surviving crisis. If youre paying off debts, you can't save. If you're out of a job and have debts, you're fucked.

The second rule is diversification. Do not put all your eggs in one basket. It's better to have 1000 dollars in 10 different stocks than 10000 dollars in one.

Live well below your means. You can be making half a million a year but if you live like you're still a college student with minimal income you will never be fucked over by crisis.

Never sell to buy. If you can't afford it, wait until you can. Never sell at a loss.

Never ever ever panic and start selling because the market turns.

If you are in a pinch resist the urge to sell to avoid dipping into your savings. Savings are there to dip in to during crisis. Always keep a small amount of liquidity for market downturns. Never sell to save your savings.

In chaos; oppourtunity.

When there are huge financial turn-arounds I use my liquidity to buy stocks that were previously too expensive; knowing that the crisis will end and the value of those stocks will bounce back.

Do not panic, don't get emotional.

Follow these tips and you'll not only be fine but likely enrich yourself.

mightymigtow · 2020-04-17T17:38:08+00:00

Gold & silver. Pay cash.

ctgjerts · 2020-04-17T18:09:16+00:00

The little book that still beats the market by Joel Greenblatt

Live on 75 to 80% of your income. Save the rest. Start now in your 20's and you will likely be able to retire by your early 40's especially if you manage to not pay the marriage tax.

30RITUALS · 2020-04-17T17:51:56+00:00

You are right. I live in western europe and someone here posted a couple weeks back asking about how people afford to buy houses here. The answer? They don't unless they are financially supported by their families. I am not a pessimist but do believe that there are very slowly but surely fundamental things changing that will squeeze out even more peoplr as time goes by. Mostly homeownership, the printing of more money leading to inflation and the ultra rich getting even richer. The pandemic speeds it up.

slamdunktiger86 · 2020-04-17T23:25:42+00:00

Hi friend, the big short is the shit.

Buy the book. It’s magical.

That will red pill you financially.

Learn to trade options. Without options or futures, you can’t make money when the market goes down or sideways. Tastytrade in Youtube has great beginner videos like what is a call and what is a put.

Hmmm.

I was a weird millennial, I starved myself to save money to buy silver and gold.

I blame robert kiyosaki for waking me up to financial literacy with his book, rich dad poor dad. Focus on assets.

His board game is also the shit. It’s called cash flow 101. Each roll of the dice simulates one month of life. You can invest, spend the money on stupid expenses like concert tickets, or get downsized. It blew my mind.

Learn to build a business and invest on the side. This is a must for any red pill man. You can keep your day to day, but until you own the show and earn money without your physical time investment, you are at the mercy of others.

Stay humble. Avoid social media. Don’t compare your life against the COLLECTIVE highlight reel of others. You’ll get depressed.

Avoid pornography. It’s a weapon against your mind.

Learn to develop gains from unexplored areas. Plus, the biggest gains are alway’s a beginner’s. For example, i didn’t know how to bake bread. Now i do with a no-knead recipe and I churn out amazing stuff on demand. I can’t bake macaroons yet, but I’m very happy already. Small investments pay off in a big way. You’re always working on your core strengths but having other skills really helps.

Really learn to embrace reality. Jiu Jitsu taught me that in a wonderful brutal sort of way. Nothing quite like getting choked with your own arm or the ground itself hitting you. Reality. See the world for what it is and what’s possible, not what you want it to be. Especially trading options, while I want a certain move, I can also just look at the chart and look at the trends to see what is really happening. Same with people. Trust actions, not sophisticated words out of their mouth.

Adapt. It’s terrible and amazing. The world is always changing.

Seek honor. Honor your signature. Build character, not style or flair.

Do not seek brotherhood with those who don’t or can’t own legal firearms. Men of honor who believe in reality....generally own firearms and many of them.

Boys don’t and can’t.

RunawayGrain · 2020-04-17T17:39:31+00:00

I have learned is that my generation (20s) don't own shit! Seriously, no-one owns anything of any real value everything is either rented or financed, young men are up to their eyeballs in debt trying to impress whores into a second glance

Being a peacock for the ladies is nothing new. I'd say the prevalence of it now just shows you how effed up people priorities are though.

ransay3277 · 2020-04-17T17:43:14+00:00

Old guy here. Warren Buffet once said. " If everybody's greedy: it's time to be a little scared. When everybody's a little scared: it's time to be a little greedy." Also read up on Dave Ramsey (Personal finances) and Robert Kiyosaki (Business finances). Dave's advice is best for your personal finances and Robert's for a Business.

seasonsbleedngs · 2020-04-17T17:57:56+00:00

Have savings. Minimize debt. That will put into the top 1% of your peers. Listen to people that have made it, not people that pretend to.

GoodMan_Gone · 2020-04-17T19:32:42+00:00

OP, said behavior is from all generations. X here. And I have seen/ am seeing your described lunacy with my age peers. And my folks saw it as well. I think it's of all times and generations. Clown world is leeching off those morons. Filling their heads with crazy stories "you deserve it." And I'm talking about men and women for that matter. Getting in debt is a extremely perilous thing to do. And yes, I get it. It's often inevitable. My advice is think, rethink and re-overthink before making a decision about accepting a debt. I have 2 examples. 1 to get the obvious out of the way: mortgage. Most people don't have the money in their butt pocket to cash a house out right away. So if buying a house is financial strategically the best choice you'll have to plunge into debt. My advice: calculate what you can fairly afford now. Not over 10 years. Now. What you can afford to pay the interest and slowly pay off the debt while still being able to live on a comfortable way. And 2 I get it when you have your home (bought/ rented) you might not have enough to buy the necessities in it as a starter. A fridge, cloth cleaner, a bed, chair, PC and TV I'd say are necessary -ish. You can buy those with a debt of (in US$ terms) of roughly 2000. That's a debt which can be overseen and quite quickly paid off. A sales man told me that when I was buying a new washing machine(*). He told me that legions of young starting people came to his shop to buy said things on credit. But they needed the newest TV set, a stereo and lots of other unnecessary stuff plunging them underwater with credit....

* I know my star will haunt me a long time from you assholes. My washer went dead all of the sudden. So I went to the store to buy a new one. Only on my way home I thought "wait a minute. Surely it can't be the fuse who gave, now can it?" ... I was fortunate that guy was willing to undo the purchase...

banned_by_cucks · 2020-04-17T19:36:18+00:00

Renting an apartment is not always the wrong move — this is the same shit boomers believed, and they also believed the nonsense that your house can never lose its value (well, then 08 and what will likely happen later this year happened).

Look up buy vs rent calculators and do the math. Now leasing a car etc is fucking stupid.

IceyBear988 · 2020-04-18T04:18:55+00:00

I have no commitment or debts, I work six months and live off those pay for two years of minimal unnecessary spending. With a gf I think I barely last two months, any gf.

themenacehimself · 2020-04-18T05:36:11+00:00

I’m 22, no debt at all. Chilling with solitude, ambition, and creation. But yeah, most people our age range are still feeding into the system that America sells, putting them into the deepest debt.

I use to beat myself up about not being in school anymore but then I read rich dad, poor dad and i realized that I was on the better financial path than most.

2020-04-17T20:55:34+00:00

Yep. No savings, only debt and fake investments. You're seeing the effects of that new. Wealth based on speculation is not wealth.

KneeDeepThought · 2020-04-17T22:39:16+00:00

Invest in Credit Card companies, MA and V are both doing quite well.

fritobandito214 · 2020-04-18T05:17:08+00:00

You will profit by never getting married or living with a woman. If you need a woman for sexual gratification find a good escort, there's still plenty around that get what we want and what we don't want, in the long run they are way cheaper than a relationship/marriage. Learn to cook, there are plenty of kitchen appliances now that practically do all the cooking and women are still to lazy to make a meal, take advantage of these machines since they won't. Buy used stuff of Craigslist/OfferUp or whatever is available to you, you can get everything from furniture to appliances for a fraction of the price, STUDY and READ try to learn at least one thing new everyday. Find other men that share your way of life, if you surround yourself with miserable married men or men in relationships, they will eventually turn on you or be strong armed by their wahyman to turn on you, either way you'll be gone. You're in the right place and have a ton of comrades here with a wealth of life's experiences, if i had MGTOW in my 20's i would have been rich and retired by now, the best we can do is hope we can help the next generation(s) of men so they don't go through the misery we had to go through to get to the point we're at now. And remember AWALT, never ever forget AWALT no matter how perfect she may seem.

barkingtree25 · 2020-04-18T06:46:48+00:00

Seriously. Im mid 20s with about 30k saved up, a job that is both necessary and possible from home, and live pretty frugally without spending much on rent or food (excluding say a once a week splurge). All my peers are complaining about debt or how they can barely make rent. Also been talk in my country of giving 1k to every household so hopefully will get too. Completely unneeded for me but a nice bonus despite not being affected by the virus at all

iseehot · 2020-04-18T12:15:49+00:00

Start practicing deferred gratification.

If you cannot afford it, in cash, don't buy it. Start saving, that is what a savings account is for. In the meantime, you can still shop for it and probably will buy a better choice when you do have the money.

womenofcourse · 2020-04-17T20:08:36+00:00

MONEY DOES NOT MATTER

we are approaching the end

it is slowly getting closer

eventually we will have to kill

Zachjsrf · 2020-04-17T20:46:03+00:00

I've got about $350k of debt, I pay my bills on time, I've got about $70k in savings, $20k in credit available to me, a few assets worth about $25k my solution to more bills has been to make more money, fortunately I'm expecting a PPP govt loan as well as going back to work in a couple weeks.

Title	What I have learned from being in lockdown for 3 weeks.
Author	North-Inflation
Upvotes	88
Comments	35
Date	April 17, 2020 5:33 PM UTC (6 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/g36jim/what_i_have_learned_from_being_in_lockdown_for_3/
Archive Link	https://theredarchive.com/r/MGTOW/what-i-have-learned-from-being-in-lockdown-for-3.656531 https://theredarchive.com/post/656531

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