Alright lemmy commenters you want the real secret sauce on How to live comfortably with the least amount of money? I can tell you my strategy. This won’t work for everyone, and many of you won’t like what I have to say.
loans and rent are a scam. Never go into debt, never open a credit card. Pay with the money you actually have saved up or learn to live without. don’t subscribe to anything recurring but phone and internet payments.
Live well below your means, not right at them or slightly above. If you live paycheck to paycheck and arent able to save up a dime for an emergency fund you will get screwed eventually.
invest in ways of generating passive income. diversify, have a portfolio, learn the difference between money, value, and assets. Leverage the concepts and apply them. Take a chance and put 100$ somewhere in the financial market, fail and loose some money, learn something from it, try again until you start growing money.
live out of your vehicle. Rent is a scam that preys upon your willingness to whore yourself out socioeconomically for quick illusionary scraps of safety and convinence that month. Any car, van, or truck can be converted into a liveable space. Its hard to adjust to such a different way of living at first but if you can do so the benefits of adapting to that kind of lifestyle is massive. You become your own landlord and pay yourself rent. Your only expenses becomes insurance and maintance.
Donate your plasma. It’s a relatively safe procedure, You can do it twice a week, and it provides a part time jobs worth of income.
Change your psychology. Society has ingrained upon us from birth a sense that our worth as human beings is determined by productivity and value we can provide.
You see a lot of people in the comments here rail on NEETs Who aren’t currently in the job market while still somehow living a life. Fuck that, I’m here to tell you that your life has intrinsic value. You and I werent put on this planet to slave away at jobs we hate to maybe one day achieve the dream of paying a 30 year mortage on some shitty suburbanite house. Thats not the life I dreamed of for for myself and I won’t be shamed for carving a way out of that speeding train to misery.
as long as you aren’t parasitizing your family living off their resources and found your own unique living situation thsat isnt burdening anyone, then go for it. Carve out a life of freedom where you can choose to sit on your ass and laise about without shame my friend.
You dont need to be employed all the time.You don’t need to work all the time to live a comfortable life. If you live the way I just described you can work 6 months or a year saving up the money and coast on the funds for a year or two before working again. You can be free to travel the country living dirt cheap for many many months. Is that NEET life? Maybe. But wouldnt you like a sabbatical like that? A break from the years of work grinding?
Develop skills and invest in infrastructure that improve your self reliance or reduce payments. Taking automotive classes and learning to fix your own car problems saves a lot of money. Learning basic electrical and plumbing if you want to go offgrid. Keeping yourself better warm in winter without central heating or cool in summer without central cooling. If you don’t want to live in a car then owning a piece of land and putting an offgrid home on it is next best thing for living without expenses.
Worked washing dishes from 16 part time for comoc book money when it was laughed at, realsied work wasn’t for me, got a labouring job that paid ok and was away from home 5 days a week with food and accommodation paid for by my employer, just stayed at my parents for 2 days a week, chipped in with a small amount they asked for, had a an old cheap motobike to het aroibd, nevertheless owned a car, too expensive. Saved heaps but not paid much, 12 months in I upgrade to a fly in fly out job on triple the wage, much the same work, employer also happy to pay for all tertiary education expenses for remote study, 2 weeks on, 1 week off, stay at hone with parents, seme deal, go to work for a fortnight, take $10 come home with $5 becase everything is paid for. Nothing but study and work, seems hard. Don’t drink or smoke so no expenses really aside from the occasional snickers bar. Other workers come back and stay for the week at Sheraton and get hookers, go to the Casino, , looks like loads of fun to a 20 something but they come back to work broke. All the while i am nerding out on financial newspapers and putting all my savings in the stock market… Retire at 35, debt free, modest house, no mortgage, fast foward, same frugal habits, am 57 and investments have balloned ridiculously. Am a NEET, or retired, or a drag on society, depends how u look at it I guess
Alright lemmy commenters you want the real secret sauce on How to live comfortably with the least amount of money? I can tell you my strategy. This won’t work for everyone, and many of you won’t like what I have to say.
loans and rent are a scam. Never go into debt, never open a credit card. Pay with the money you actually have saved up or learn to live without. don’t subscribe to anything recurring but phone and internet payments.
Live well below your means, not right at them or slightly above. If you live paycheck to paycheck and arent able to save up a dime for an emergency fund you will get screwed eventually.
invest in ways of generating passive income. diversify, have a portfolio, learn the difference between money, value, and assets. Leverage the concepts and apply them. Take a chance and put 100$ somewhere in the financial market, fail and loose some money, learn something from it, try again until you start growing money.
live out of your vehicle. Rent is a scam that preys upon your willingness to whore yourself out socioeconomically for quick illusionary scraps of safety and convinence that month. Any car, van, or truck can be converted into a liveable space. Its hard to adjust to such a different way of living at first but if you can do so the benefits of adapting to that kind of lifestyle is massive. You become your own landlord and pay yourself rent. Your only expenses becomes insurance and maintance.
Donate your plasma. It’s a relatively safe procedure, You can do it twice a week, and it provides a part time jobs worth of income.
Change your psychology. Society has ingrained upon us from birth a sense that our worth as human beings is determined by productivity and value we can provide.
You see a lot of people in the comments here rail on NEETs Who aren’t currently in the job market while still somehow living a life. Fuck that, I’m here to tell you that your life has intrinsic value. You and I werent put on this planet to slave away at jobs we hate to maybe one day achieve the dream of paying a 30 year mortage on some shitty suburbanite house. Thats not the life I dreamed of for for myself and I won’t be shamed for carving a way out of that speeding train to misery.
as long as you aren’t parasitizing your family living off their resources and found your own unique living situation thsat isnt burdening anyone, then go for it. Carve out a life of freedom where you can choose to sit on your ass and laise about without shame my friend.
You dont need to be employed all the time.You don’t need to work all the time to live a comfortable life. If you live the way I just described you can work 6 months or a year saving up the money and coast on the funds for a year or two before working again. You can be free to travel the country living dirt cheap for many many months. Is that NEET life? Maybe. But wouldnt you like a sabbatical like that? A break from the years of work grinding?
Develop skills and invest in infrastructure that improve your self reliance or reduce payments. Taking automotive classes and learning to fix your own car problems saves a lot of money. Learning basic electrical and plumbing if you want to go offgrid. Keeping yourself better warm in winter without central heating or cool in summer without central cooling. If you don’t want to live in a car then owning a piece of land and putting an offgrid home on it is next best thing for living without expenses.
I mean some of your advice is sound but honestly a lot of it reads like “step 1: have money, step 2: don’t have no money”
Am an Australian guy starting work in the mid 80s
Worked washing dishes from 16 part time for comoc book money when it was laughed at, realsied work wasn’t for me, got a labouring job that paid ok and was away from home 5 days a week with food and accommodation paid for by my employer, just stayed at my parents for 2 days a week, chipped in with a small amount they asked for, had a an old cheap motobike to het aroibd, nevertheless owned a car, too expensive. Saved heaps but not paid much, 12 months in I upgrade to a fly in fly out job on triple the wage, much the same work, employer also happy to pay for all tertiary education expenses for remote study, 2 weeks on, 1 week off, stay at hone with parents, seme deal, go to work for a fortnight, take $10 come home with $5 becase everything is paid for. Nothing but study and work, seems hard. Don’t drink or smoke so no expenses really aside from the occasional snickers bar. Other workers come back and stay for the week at Sheraton and get hookers, go to the Casino, , looks like loads of fun to a 20 something but they come back to work broke. All the while i am nerding out on financial newspapers and putting all my savings in the stock market… Retire at 35, debt free, modest house, no mortgage, fast foward, same frugal habits, am 57 and investments have balloned ridiculously. Am a NEET, or retired, or a drag on society, depends how u look at it I guess