Become a Multi-hundred thousandaire by the time you're 27 (Spending 20+ mins/day Career-moneymaxxing)

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Deleted member 12234

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Not really a full guide but just to show you how behind the average person is, esp for those between the ages of 18-25. Am currently in my early 20s and have been studying finance and business since I was 12-13 yos. I used to be able to hold financial convos with adults back when I was just a teenager lol. Now that im my 20s, most adults I know are pretty financially illiterate and it's pretty shameful. They spend pretty much everything they get and rarely save ANYTHING. But you can circumvent this by spending atleast 20 mins a day career, money, and finance maxxing. You can start small by saving just 5-10% of your paychecks and using your free time wisely by studying both micro and macro economics and picking up a few personal finance books and courses. A great book I'd recommend is "Basic economics" by Thomas Sowell. I remember reading this book from cover to cover back when I was 15 yos. Make sure you get the lastest edition too. Seriously. All your other peers will be too busy wasting time on Tiktok (yes, I know people in their 20s who spend all day on tiktok/social media), binging shows, or just generally wasting time that could be spent careermaxxing/money-maxxing.


You can legit become a multi-hundred thousandaire by the time you're 27 if you start at just 18, esp if you choose a decent trade. I go over this here:

Financial Independence before 35


I'd also advise for you to join finance/investing forums/subreddits and subscribe to Youtube channels around these topics. Avoid get-rich-quick shills though.
 
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I’m 16 and did everything u mentioned at 14 and I can confirm it’s water difference is I never worked a real job

I can confidently say the internet is the greatest opportunity of mankind has literally provided so many ways not to be a wage slave
 
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Any forum recommendations?
 
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Any forum recommendations?

Subreddits:
These two are def my fav because they're made for overachievers (people who want to retire before 40):
https://www.reddit.com/r/Fire/
https://www.reddit.com/r/fatFIRE/

Other subs:
https://www.reddit.com/r/financialindependence/
https://www.reddit.com/r/personalfinance/
https://www.reddit.com/r/FinancialPlanning/
https://www.reddit.com/r/Frugal/

Some websites:
https://www.mrmoneymustache.com/
https://www.choosefi.com/

Depending on how extreme you want to go, there are alot of subreddits and forums around frugal living and all the legal stuff (like if you were to get into business, angel investing, or wanted to move to another city/country). But i'd say to generally just keep up with the news and stuff going on in the world as well. Like make sure you sub to news from all different sources (even ones you personally disagree with). Find channels on Youtube and forums geared towards your specific niche. For example, if you're into Tech and want a tech job or want to invest in tech businesses, there are a shit ton of tech watch websites that keep up with the latest shit going on.
 
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I turned 27 last year and I'm still kinda broke :lul:. House markets are shit where I live so I just have like 50k sitting in my bank account. Never invested or done shit in my life what should I do instead of just letting it sit there?
 
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I turned 27 last year and I'm still kinda broke :lul:. House markets are shit where I live so I just have like 50k sitting in my bank account. Never invested or done shit in my life what should I do instead of just letting it sit there?
Most def. Even if it's in a low yielding market.. Want to hedge against inflation as much as you can.
 
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