So you have decided to go MGTOW.

Great. Already you are saving expenses on dates, marriages, and all sorts of other costs. If you invest this money you are saving, you may be saving hundreds of thousands of dollars or more over the course of your life. This is one of the first steps to financial independence. While not every MGTOW man needs to be rich, it can be a worthy goal to own your house, car, and have money leftover for your hobbies and other thing. With that being said, I thought it would be a good idea to go over some simple facts about investing.

In the long run, you cannot beat the market.

A lot of people think they are a genius stock picker. You aren't. If you were smart enough, educated enough, and talented enough to pick stocks that out perform the market, you could be making millions a year at a top tier investment fund. Sure, you may have a few good ideas, but you will likely have some bad ones too, and the market is a tough beast to beat. The energy and time it takes to read through financial statements, make models, and follow market trends is not worth the minuscule leg up you might have on your competition.

Therefore: Invest in Low cost total market ETFs.

Read "The Bogleheads Guide to Investing" about this. Do not pay someone to manage your money for you unless you have a top 1% net worth- it simply isn't worth it. A single low fee ETF like Vanguard Total ($VT) will outperform most managers, pension funds, mutual funds after fees. You can diversify with bond ETFs, commodity ETFs, and international ETFs, but stick to low fees.

Control Expenditures and put the money saved into investing.

Read "The Richest Man in Babylon". If you are purchasing a car, make sure it is within your means to pay off the loan. Think that every dollar you spend today is going to be worth 5 in about 30 years, if you invest it into the stock market. Live in a low cost area if you can.

Turn off CNBC and Wall Street Bets.

Those are entertainment and you cannot beat the market on a consistent basis. If you have an itch, spend no more than 5% of your portfolio on those things.

Be Smart Purchasing a House, but if you can, be a homeowner.

Real estate is a great way to protect your assets against inflation. Owning physical land is the best hedge against runaway inflation and disasters (not gold). Buy in a low cost area where you want to live.

Take Advantage of IRAs, 401(k), and other plans.

Anything where you pay less taxes is a great plan and you should put your savings into it. If you can, max out a RothIRA when you are making less money. You won't be taxed when you take the money out. Presumably, you will be in a higher income bracket when you take the money out. If you know you won't be, stick to a traditional IRA.

Have a skill. Skilled workers are valuable and get paid more.

It doesn't have to be a college education, lawyer, or STEM. A blue collared job can be skillful, such as plumbing, carpentry, welding. Get experience and leadership and you will be rewarded. If you aren't being paid adequately, find a new job or get more experience. If you are a dead end, don't be afraid to switch. And being your own boss is never a bad idea if you can do it.

Have a small emergency fund you can easily access to sleep well at night.

You should have cash available in case of an emergency, health issues, or the second coming.

Resources:

r/Fire

r/leanfire

r/fatFIRE

r/Bogleheads

r/investing

r/personalfinance

"Richest man in Babylon"