Credentials: 55k investment accounts. 10k in liquid cash. 25k in GICs at 19 years old (these are all in CAD)
Most of us don't want to dropship or larp online. Most of us are just greys who go to school like me and just want some funds to be ascend.
Best way to do this is by following the basics. (Works best when younger)
Step 1; Get employed (JFL)
Nobody wanted to hear this but you need stable income and cash flow to stack money. I started working at 14 in restaurants and worked my way up to a waiter.
Step 3; Money works for u
Most of us don't want to dropship or larp online. Most of us are just greys who go to school like me and just want some funds to be ascend.
Best way to do this is by following the basics. (Works best when younger)
Step 1; Get employed (JFL)
Nobody wanted to hear this but you need stable income and cash flow to stack money. I started working at 14 in restaurants and worked my way up to a waiter.
- My recommendation is to work in an industry where you can earn commissions like being a waiter or working in sales they tend to pay the best realtive to the amount of education you need.
- Avoid fixed income jobs like being a cashier at walmart they pay like shit. You still need to work might aswell do what pays the most.
- LM will also help with this since there is a correlation with salary and how you look the more you ascned the more you get paid. Personal experience: i got paid most in tips when i was cutting looked my best wore cologne, was clean shaved etc... Personality and service is cope I am a anti-social ND I saw significant tip increase when I was well presented.
- GF are overrated during teenage years and 20s she is going to empty ur pockets. Save ur money, ascend and higher quality women will approach you
- Do not buy designer clothes if you do get them from china 1:1 be as modest as possible. The younger years are to be spend ascending and building not spending lavishly.
- Do not go out to eat a lot at restaurants. Imagine going out to eat and paying somebody else to serve you shit food they overprice 3x to what they pay for. Learn to cook for urself.
- Groceries buy what you need, make a grocery list each week.
- Ideally best savings to spending ratio should be 70/30 but i live with my parents if you dont then lower is fine but for those living with parents save more than what you spend.
Step 3; Money works for u
- A few months later you should have a fair lump of change this is our principal investment working engine. Use this money and invest in low risk investments like mutual funds, stocks that promise good returns. We dont want to do anything super risky early on.
- Accumulate investments and let them compound first few years are slow, that's why emphasize starting young. The younger you start the more money you will have later on. Then you can invest in things like real estate or starting a business.
- This is boring approach its slow and tedious but work
- Do extensive research on which investments to buy
