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/liberty/ - Liberty

Non-authoritarian Discussion of Politics, Society, News, and the Human Condition (Fun Allowed)

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Ya'll need Mises.

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 No.101776

What are some good guides and strategies on how to make money and manage finances? I figured there's no one better ask.

____________________________
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 No.101779

You need to know the laws of your country and how the State is wasting money.

For example politicians may start pumping money into renewable energy, so it may be wise to invest in that sector because it's basically free money. You need to learn how to access to those free money threw by politicians for the current cause.

You also need to have a good accountant and also try to stay up-to-date as much as possible when it comes to your country's laws on investments, pensions, etc This is important not only because you want to respect the law, but because you want to break it or game it without getting caught.

All those books about getting rich, like Napoleon Hills, etc are most of the time scams or motivational books. There are some insights, in some books, sometimes, but sadly due to how the market for these books is, good insights are surrounded by a lot of bullshit.

In the end what works is selling something, getting paid and knowing the laws.

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 No.101787

Others won't like me saying this, but:

1 - If you have issues with gambling, alcohol, or drug addictions, get those taken care of first.

2 - Don't live somewhere that has a ridiculously high cost of living (e.g., major metro areas) without at least already having a job before moving there.

3 - Don't fall for the college meme.

4 - Don't get married. Don't throw your money at women.

5 - Have a job.

I do not know of anyone who has done the above five who is also poor.

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 No.101790

>>101776

>Find a way to get something far cheaper than people would pay for it

>Sell it (fix all the details like accounting in the way)

>Profit

The key here is priviledge of information, you have to know more/be in a better position than the unwashed masses, be it scientific/engineering information, laws, contacts, sales, etc.

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 No.101827

File: 78506f292ac9715⋯.jpg (24.96 KB,266x400,133:200,dcd54c5f67f830c14e73a9e437….jpg)

Save as much as possible and invest in emerging market index when you are young

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 No.101828

>>101827

>implying society will still exist in 20-30 years

we're circling the toilet. There's simply no way to stop the pendulum swing.

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 No.101829

>>101776

>implying ancap is anything more than an autistic LARP

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 No.101836

>>101829

>steal from a rich guy

>hope the politicians you elected will give you something

>ask mommy

You're right, /pol/ and /leftypol/ has better advice.

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 No.101840

>>101776

Let me give this a shot. These are just general principles I learned from people I know IRL who are very financially stable.

-Look into job opportunities and growth. Whether it is getting into an applicable stem job or climbing the corporate ladder. A good example of this is learning how to code along with other skills to expand your economic opportunities

-Diversify your assets. Many giants and average joes have been swept off their feet for relying too much on one thing. Invest in stocks, bonds, gold and other varied assets (liquid or otherwise) so that you have a good basis of wealth for yourself.

-Cut frivolous spending. With the desire for wealth some sacrifices have to be made (Unless you get really lucky of course). Try your best not to spend on things that will not benefit you financially in the long run like starbucks, expensive outings, etc. I'm not telling you to be a workaholic robot that never buys things that make them happy just because it has no financial incentive but you should be able to balance things and gauge how much you're willing to sacrifice without being miserable. The more you sacrifice the more gains you will potentially receive

-Always strive to learn. Everything is a learning experience one way or the other and in our society information is more important than ever. Learn about rising economic powers like china or the I.T sector, Learn about job and investment opportunities that might pay off in the future. Constantly living like this might be tiring for some but it is very rewarding in the long run.

I apologize if these are too abstract or cliche for you but that's the best I know as of the moment kek.

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