136 - MGTOW Money Manager

Yesterday I spoke about men going their own way preparing for life as senior citizens and I only briefly touched upon the issue of getting your living situation right from the standpoint of money. Today I want to go into more depth about it. But before I start this video I'm going to put a big disclaimer on my advice. I'm not selling anything and if you lose any money in the short or long term following my advice I can't be held accountable for it. It's just my own opinion after all. And I have been known to be wrong from time to time. But I've also been known to be right as well. So take everything with a grain of salt. So the first financial hurdle men need to get over is getting out of as much debt as possible or trying to get rid of it completely. Debt is good for the economy but it's bad for individuals. If you're the lender you collect interest on your money and profit from it. But if you're the debtor others profit off the repayment of your debts. If you can't afford a new car then buy a used one with cash money and avoid the debt. The only time it makes sense to lease a vehicle is if you are writing it off as a business expense. Using credit cards makes sense only if you pay off the complete balance each and every month in full. And getting a credit card with points is an awesome idea. I have a card up here in Canada that knocks off roughly twenty cents off the cost of a gallon of gas when I use it with it's points. I also tend to find the cheapest filling stations with the best quality gas in the city and stick to those. Don't buy Costco gas just because it's cheaper, you'll have more mechanical and performance issues with your car. Another tip is always purchase your own car parts and find a mechanic that will only charge you for installation. Most mechanics put cheap parts in your car and charge you the price for the best parts. Better yet if you can do the work yourself then that's a good idea as well. But before I give you anymore juicy tidbits like this one let me go over the types of wealth. There are three types of wealth, primary, secondary and promissory wealth. Primary wealth is ownership of productive land. If you own farmland, an oil well, a gold mine etc then you have primary wealth. You can always use that land to produce oil, food and precious metals to produce and convert the value of those goods into money and income. Most of us can't afford to own farmland or a gold mine. But if you're ever in the position where you can then I would advise taking it. Owning a large multi acre estate will mean producing your own food and possibly having your own serfs working the land in the future. You could be the ruler of a little MGTOW Fiefdom. With regards to secondary wealth I'm talking about the final end result product from productive land. This means stored food, such as grains, preserves, burnable wood if you have a woodlot and of course gold, silver, copper and any other materials that were pulled out of a mine in the ground. The major difference between primary wealth and secondary wealth is that secondary wealth is a derivative of primary wealth. And if you manage it poorly and spend it then you will lose it.Support this podcast at — https://redcircle.com/mgtow/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy