4 ms·

I am yet to hear one concrete piece of useful advice on "how to make money." The ONLY things I can say with certainty in life, as far as productive activities

I am yet to hear one concrete piece of useful advice on "how to make money." The ONLY things I can say with certainty in life, as far as productive activities go is something like "workout, eat right, sleep enough, drink enough water." That's literally it.

tudelo 8y ago
> I am yet to hear one concrete piece of useful advice on "how to make money." Uhh... get a job?
- smnplk 8y ago
  Too many jobs, don't know which to pick.
jimbokun 8y ago
This guy has plenty of concrete advice: https://www.mrmoneymustache.com/category/mmm-classics/ https://www.mrmoneymustache.com/category/mmm-classics/ It is very similar to "workout, eat right, sleep enough, drink enough water", as they are things that "everyone" knows they should do, but few have the will power and self discipline to actually do them. Budget. Get your expenses under your income. Set aside an emergency fund. Pay off your debts as quickly as possible. Then start investing for retirement, house, kids college, etc. While avoiding new debt. That's pretty much it. Dave Ramsey and many other advisers say roughly the same thing, including the introduction to Barnum's book: http://www.fourmilab.ch/etexts/www/barnum/moneygetting/moneygetting_chap1.html http://www.fourmilab.ch/etexts/www/barnum/moneygetting/money... Ramsey pretty much says this stuff is simple in his course, and spends most of his time on the emotional and motivational aspects of putting the advice into practice. For example, he advocates paying off your smallest debt first, not the one with the highest interest rate. This is solely for the motivational impact, because seeing a debt disappear completely will inspire you to keep going and attack the next one, even if it's sub-optimal from an economic perspective.
- astura 8y ago
  The advise Dave Ramsey and Mr. Money Mustache give are really only applicable once you already did the hard part and built a steady career. Their advice isn't going to help someone who works at McDonalds with several kids with several deadbeat baby daddies and no family support get out of poverty, nevermind build wealth. The fact that most of Mr. Money Mustache's readers (who answer surveys) are engineers really reinforces that. I'm not trying to pick on anyone here, I'm actually describing a good friend of mine. That being said, I don't know what will, so I don't have any suggestions.
  - JoshTriplett 8y ago
    https://www.mrmoneymustache.com/2013/07/25/50-jobs-over-50000-without-a-degree-part-1/ https://www.mrmoneymustache.com/2013/07/25/50-jobs-over-5000... https://www.mrmoneymustache.com/2013/08/05/50-jobs-over-50000-without-a-degree-part-2/ https://www.mrmoneymustache.com/2013/08/05/50-jobs-over-5000...
    - deleted 8y ago
      [deleted]
- ohaideredevs 8y ago
  I am talking about real money, not upper middle class money. "Budget. Get your expenses under your income. Set aside an emergency fund. Pay off your debts as quickly as possible. Then start investing for retirement, house, kids college, etc. While avoiding new debt." This is mostly common sense. But I guess so is the workout / sleep / drink enough water comment I made earlier.

tudelo 8y ago

> I am yet to hear one concrete piece of useful advice on "how to make money." Uhh... get a job?

smnplk 8y ago
Too many jobs, don't know which to pick.

jimbokun 8y ago

This guy has plenty of concrete advice: https://www.mrmoneymustache.com/category/mmm-classics/ https://www.mrmoneymustache.com/category/mmm-classics/ It is very similar to "workout, eat right, sleep enough, drink enough water", as they are things that "everyone" knows they should do, but few have the will power and self discipline to actually do them. Budget. Get your expenses under your income. Set aside an emergency fund. Pay off your debts as quickly as possible. Then start investing for retirement, house, kids college, etc. While avoiding new debt. That's pretty much it. Dave Ramsey and many other advisers say roughly the same thing, including the introduction to Barnum's book: http://www.fourmilab.ch/etexts/www/barnum/moneygetting/moneygetting_chap1.html http://www.fourmilab.ch/etexts/www/barnum/moneygetting/money... Ramsey pretty much says this stuff is simple in his course, and spends most of his time on the emotional and motivational aspects of putting the advice into practice. For example, he advocates paying off your smallest debt first, not the one with the highest interest rate. This is solely for the motivational impact, because seeing a debt disappear completely will inspire you to keep going and attack the next one, even if it's sub-optimal from an economic perspective.

astura 8y ago
The advise Dave Ramsey and Mr. Money Mustache give are really only applicable once you already did the hard part and built a steady career. Their advice isn't going to help someone who works at McDonalds with several kids with several deadbeat baby daddies and no family support get out of poverty, nevermind build wealth. The fact that most of Mr. Money Mustache's readers (who answer surveys) are engineers really reinforces that. I'm not trying to pick on anyone here, I'm actually describing a good friend of mine. That being said, I don't know what will, so I don't have any suggestions.
- JoshTriplett 8y ago
  https://www.mrmoneymustache.com/2013/07/25/50-jobs-over-50000-without-a-degree-part-1/ https://www.mrmoneymustache.com/2013/07/25/50-jobs-over-5000... https://www.mrmoneymustache.com/2013/08/05/50-jobs-over-50000-without-a-degree-part-2/ https://www.mrmoneymustache.com/2013/08/05/50-jobs-over-5000...
  - deleted 8y ago
    [deleted]
ohaideredevs 8y ago
I am talking about real money, not upper middle class money. "Budget. Get your expenses under your income. Set aside an emergency fund. Pay off your debts as quickly as possible. Then start investing for retirement, house, kids college, etc. While avoiding new debt." This is mostly common sense. But I guess so is the workout / sleep / drink enough water comment I made earlier.