this post was submitted on 24 Nov 2023
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its a pretty stupid question but how? I live in a super toxic household and i wan’t to get away from these people. I don’t know much about finances and i would love some book recommendations and so.

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[–] Secret-Turnip1115@alien.top 1 points 11 months ago

Working and investing well. No other recipe

[–] n0glitch_com@alien.top 1 points 11 months ago (1 children)

Provide value to people and get money in exchange.

The more value you provide and/or the more people you provide value to, the more money you get.

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[–] maxxy_fire@alien.top 1 points 11 months ago (1 children)

Do go after money, solve a problem that really matters and money will follow you.

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[–] ponziedd@alien.top 1 points 11 months ago (1 children)
[–] hypnosis47@alien.top 1 points 11 months ago

would try will let you know how it turn’s out(currently typing from jail)

[–] Supersubie@alien.top 1 points 11 months ago (1 children)

This is the completely wrong mindset.

You get great rewards by creating great value. The market will reward those who solve big problems, in amazing ways. Consistently and repeatedly time and again.

Those who are in it for a quick cash grab might experience a quick rise in success but then ultimately the market will catch on. Word will spread and your customer base will dry up.

Think about it from an evolutionary standpoint. The market is a system that operates much like evolution. The companies that create value, do things better, faster, cheaper get propagated. Those who stop doing that slowly die and go extinct.

So if you want to get rich, switch your mindset to one of service.

All Entrepreneurs do one thing and one thing only.

First they must create value. Then they must give that value to many people.

Then and only then does the entrepreneur get to capture a small % back of the value they create as profit.

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[–] MrGreenyz@alien.top 1 points 11 months ago

It’s simple, do it as anyone does: have a rich dad/mom/parents.

[–] Plum_Ambitious@alien.top 1 points 11 months ago (1 children)

Firstly, don’t worry about getting rich. Get away from those people as fast as you can. In order to do this you don’t need to become rich, you just need a normal amount of money to pay rent & the bills. After you have sufficiently gotten away and become independent, gained some confidence, clarity, and peace of mind from being away from the toxicity you can than start to think about getting rich and taking moves from there.

[–] djaxial@alien.top 1 points 11 months ago (5 children)

I wish this sentiment was more prevalent on this sub. If aim for billions, you’re going to come away very disappointment. Even a million/year has a 1% chance of success for the vast majority of people. Focus on what financial independence means for you, in your immediate world, and then grow from there.

[–] Flubert_Harnsworth@alien.top 1 points 11 months ago (1 children)

One percent for a million a year is generous by a whole order of magnitude.

[–] djaxial@alien.top 1 points 11 months ago

Absolutely agree, but I feel it's easier for the average person to think of 100 people in a room and accept that, at best, only one of them has a chance of earning over a million a year, puts goals in contrast. By comparison, earning $100k a year is orders of magnitude more likely.

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[–] Frank_PxS@alien.top 1 points 11 months ago

Be really good at something very few people are good at but that someone would pay a lot for.

[–] eloanmask@alien.top 1 points 11 months ago

Live below your means while multiplying your networth

[–] PsychologicalSand191@alien.top 1 points 11 months ago

Get a Job…

[–] parkascenthotel@alien.top 1 points 11 months ago (1 children)
[–] bobobedo@alien.top 1 points 11 months ago (1 children)

Work hard, work smart, pay close attention to the pleasuers and pains and how you can provide a solution. Solutions to pleasure sells as well if not better than pain.

[–] JohnWasElwood@alien.top 1 points 11 months ago

These are the right answers!!!!

[–] Iam_motivated_jay@alien.top 1 points 11 months ago

Found this online for you:

'Identify your goals.

Start budgeting and saving money.

Pay yourself first.

Start investing as soon as possible.

Be open to opportunities so you can constantly Increase your income.

Have the right mindset.

Build great relationships with people."

Hope this helps.

Best to you

[–] Mr_OK2023@alien.top 1 points 11 months ago (1 children)

Bro i am in the same situation

I can tell you what i am doing: Currently working a job (which i hate to do in general) & doing sales(cold messaging for my online businesses to bring in clients and save as much money as i can in cash But now i an doing a different method to get cash coking in CREATE A PROBLEM ND SELL THE SOLUTION.(literally what all businesses do and make crazy money)

Thats the best option until better can be done bro And also Become extremely silent,concise Because talking to people that don’t relate to you or stress you out and anything else that you just don’t relate with is harmful bro

Anything and anyone that doesn’t give you what you want is a DISTRACTION

[–] Mr_OK2023@alien.top 1 points 11 months ago

And also bro don’t give up mentally bro

Ik for sure what i am telling you because it hurts so be very sure to: Proverbs 4:23 Guard your heart with all your might for this determines the course of your life.

[–] tomistruth@alien.top 1 points 11 months ago

By telling others that they can become rich buying your book.

[–] Roddela@alien.top 1 points 11 months ago

More than corporate finances, I recommend following Robert Kiyosaki's advice when interviewed on some podcasts. It gives an approach for small business owners to what to consider when starting a business. Other advice is that you can always choose a very dumb idea and scale it massively throughout the years. As I've seen in real life, rather than what social media tells you, is that becoming rich is most of the time a long-term goal when you can leverage your business finances to play with growth expectations and forecasts, in the meanwhile, and in stage 1, is mostly earning your pennies until you can formalize your business to look forward on using banking leveraging tools for your business. I'm sorry to hear you have a toxic environment while you're trying to improve your life, in that case surrounding yourself with likeminded people is a very good choice as well, in the meanwhile, just keep being smart and try to avoid doing something you could regret later. Good luck!

[–] TheRahmanEffect@alien.top 1 points 11 months ago

Not particular order but I would suggest you to start from my first 100 million dollars

[–] cpotter361@alien.top 1 points 11 months ago

Watch the show how to get rich by ramit sethi on Netflix.

[–] gencoloji@alien.top 1 points 11 months ago

Get rid of your morals, do business as you wish. A business man should always prioritize the following: money, power, status and information. Money yields power, power begets status, and informations aids in each. Essentially, money also generates more money, if used properly.

Truth is also, those who actually can help you, don‘t give a shit about you. Unless you convince them otherwise. Money speaks louder than words. 😉

[–] gillygilstrap@alien.top 1 points 11 months ago

What are you interested in hobby wise? Tech/software, cars, woodworking, art, music, etc....?

Pick something that you know you are already interested in. Then look at jobs/businesses surrounding that interest. Pick a path of something where you could dive deep into your interest and become on EXPERT in. Then use that expertise to help other people related to the interest and charge for it.

[–] Loose-Extension8854@alien.top 1 points 11 months ago

As corny as it sounds rich dad poor dad really opened up my eyes to the world of finances. If you’re starting from scratch I’d say it’ll be a good first book to build your foundation off of

[–] AverageLiberalJoe@alien.top 1 points 11 months ago

Become a home inspector.

Buy a duplex. Rent out half.

Save that rent money and/or pay off debt.

3 years later buy a new duplex. Rent out 3 halves.

Save that money/ pay off debt.

2 years later buy a third duplex. Rent out 5 halves.

Congrats. You are now financially independant making 6 figures.

[–] Allirey@alien.top 1 points 11 months ago

try to learn how to google things. your chances will increase dramatically.

[–] TurboByte24@alien.top 1 points 11 months ago

Stop comparing yourself to others, instead compare yourself to your old self.

[–] Whole-Spiritual@alien.top 1 points 11 months ago

I would get out of the house, and have a little business that makes money to teach yourself how to run a business.

How old are you? Any $ saved? Not needed.

You could literally make a flyer for eavesdrop, cleaning, and power washing. Make some prices and put up a website and then go door-to-door, leave flyers, and talk to people. On Facebook, say that you’ll rake peoples leaves for seven or eight dollars a bag and you’ll get lots of interest. Be personable and your other services when you get to talk to people.

When I was 15 I made it over $1000 on a Saturday doing this, then turned it into a business and hired high school friends. It was really fun and we made a lot of money. Then I realized I could do any business… now I’m 41 and own various cash flowing businesses. It’s fun.

Don’t focus on being rich, just focus on having fun and working hard towards something, and be perceptive as to what you can change to make things better along the way.

[–] Myriieee@alien.top 1 points 11 months ago

Tbh it will be great to work on your skill set, it can be anything from graphic designing or writing etc, now after saving a sufficient amount, after earning from such skills, you can maybe learn to invest (a word of caution, this won’t be easy and you would have to study a lot and it will be a trial and error journey) still don’t give up and learn other skills or better your pre-existing skills as a back up way for earning more. Hope this helps, all the best

[–] JohnWasElwood@alien.top 1 points 11 months ago

Provide a service that people dont want to, or cant do themselves. Do a great job at it and reward your customers for referring you to others. I have a cousin who is a multimillionaire who started by picking up items that the garbage man wouldn't and taking them to the dump or scrap yard for them. Refrigerators, scrap metal, excess building materials, etc. Eventually bought a small trailer and hauled bigger and bigger items. A few times he'd sell what he had picked up to other people instead of paying to dump it at the landfill. 1) cleaned out a house full of furniture after the elderly people passed away and their kids didn't want any of the antique furniture that was in it. He loaded it on his truck and trailer and found an antique store who would buy everything from him. So, he got paid for hauling it away and got paid for delivering it to an antique store. 2) there was a small computer repair company in his town that was going out of business and the man paid him to pick up two loads of old computers and parts and tools. He was on the phone for an hour or two but eventually found a company who would buy everything for a very low price. Again, got paid for picking it up and got paid for dropping it off. His son worked his way through college by going into the country club neighborhood and scooping up the dog poop out of the yard and putting it in plastic bags and taking it away. He was charging something like $10 or $15 per visit to their house. He would stop by there every single day on his way to or from class. After he got about 25 or 30 customers he could easily drive around and pick up dog poop on his way to or from class and simply throw it in the trash at the University dumpsters. The rich people were bragging about being able to pay someone to scoop up the dog poop out of their yard. Not kidding!

[–] Scubasgady@alien.top 1 points 11 months ago
[–] Electrical-Pickle-10@alien.top 1 points 11 months ago

Rich dad poor dad

[–] JacobStyle@alien.top 1 points 11 months ago

You don't need to be rich to get away from your toxic household. You just need a basic livable income, like you could get working any full time job. Honestly, if you are in a bad living situation, any attempt to better yourself, whether it's entrepreneurship, love life, or fitness, will fail. You've likely already seen that happen time and time again. Your single driving ambition should be to get out on your own, away from your toxic household. Nothing else you do will matter until then. One job application working out could do it for you. You don't have to be superman to make that happen.

[–] Tushar_Draweria@alien.top 1 points 11 months ago

WORK ON YOUR SKILLS START AN YOUTUBE CHANNEL INVESTING SOME MONEY EXPLORING WHOLESALE MARKETS LEARNING NEW THINGS ABOUT MONEY AND FINANCE

[–] Human_Ad_7045@alien.top 1 points 11 months ago

Define Rich.

It is NOT money, friend!

I have the money plus, I have all I need and all I want. I'm not materialistic, no one knows my bank balance and my preferred wardrobe is shorts (sweats below 50°) and a hoodie.

In 2015, I was within a few minutes of death. That event changed everything for me.

I was given an exercise by my therapist. Yes, I needed a therapist because almost dying fucks up your head. I had define "Rich, Wealth, Family, Friend." Although rich ties closer to money, For me, wealth is probably a better fit for its tie to valuable posessions & assets.

For me, whether it's rich or wealth, I have it through Family, health, relationships, friendship, camraderie, sharing, giving, caring, understanding, living, laughing. For almost 9 years, My greatest hope is that I wake up tomorrow morning.

Don't take part in their toxicity. It exists in my family. My mantra is "I don't do drama"

Keep repeating it until you mentally separate from it and don't participate. Work on improving your communications at home. Talk less and listen more. Walk away from the drama. When/if someone finds the necessity to go off on me, I take a deep breath (it calms me), I let them finish and I have a few "go-to" replies: feel better? Is that all? F-you, F-off, How do you really feel? And Oh, thanks.

P.S. Try these for intro to finance. Investopedia if you learn better by reading or Khan Academy if you learn better by visual and audio.

  1. Investopedia.com

https://www.investopedia.com/investing-4427685

  1. Khan Academy

khanacademy.org Do a search for "investing" and you'll get dozens of free "courses".

[–] travelguy23@alien.top 1 points 11 months ago

Get a job. Move out. Cut those people from your life. Learn valuable skills. Upgrade the people you hang out with. Invest. Try some side hustles.

[–] fushmush2@alien.top 1 points 11 months ago

Here is what helped me increase my net worth the most:

1.) Save and be frugal. 2.) Use a first time home buyers loan to buy a house. 3.) Have room mates and charge them rent and split utilities.

This will allow you to build your balance sheet and credit. Your house will appreciate in value and you will pay down the mortgage over time. Additionally you'll pay much less for shelter and be able to save and accumulate more assets.

[–] Successful_Sun_7617@alien.top 1 points 11 months ago

1)The first step to getting rich is getting into a hyper growth company in a growing industry. 2)Earning commission is far superior to an hourly rate. This is key. Event based income over hourly/monthly salary. 3) hourly pay is a job, event based is a real career. Know this difference. 4)equity is superior to an event based income. If u didn’t know by now, you have to build a business in USA in order to actually make it.

[–] Flubert_Harnsworth@alien.top 1 points 11 months ago

My advice would be to focus on being frugal.

Figuring out how to live on a small income will help you get into a better situation quickly and in the long term it will help you to prioritize things that are important over things that are urgent.

[–] sparklephoenix88@alien.top 1 points 11 months ago

As others have said, focus on what you can do to get out before you worry about getting rich. So Good They Can't Ignore you by Cal Newport may be a good read, in addition to some of the more directly applicable titles people have suggested. It's about doing the work to create value and get seen, even if you're working a day job to get to the point where you can be free to follow your dreams as an entrepreneur. Number one priority for you sounds like finding a group of like-minded people that will keep you balanced and focused on being the kind of person you want to be to counterbalance the challenging situation you are in. Finding those people will help keep you focused on doing the work you need to do, whatever it is, to get out.

[–] CheapBison1861@alien.top 1 points 11 months ago

Focus on selling. Despite any huskiness you won’t make $1 if you can’t sell.

[–] nixed9@alien.top 1 points 11 months ago (1 children)

Ban this person from this subreddit please

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[–] Sonar114@alien.top 1 points 11 months ago

Work hard at school, get a good degree in something like law or business, get a good job, work hard and advance by applying for better paid jobs every 3 years or so.

Starting a company is statistically a very bad way to get rich.

[–] Wiz_frank@alien.top 1 points 11 months ago

You are asking how to get to level 50 when you say that you are level -10.

Maybe you first goal should be getting to level 0 in the first place.

[–] Stayshady22@alien.top 1 points 11 months ago

Don’t start a business to get rich, start a business to solve a problem and provide value.

[–] Confident_Assist3708@alien.top 1 points 11 months ago

"Success in e-commerce often stems from finding a niche, delivering exceptional value, optimizing for user experience, and adapting to market trends. Consistency, innovation, and customer satisfaction are key drivers on the path to wealth in the dynamic world of online business."

[–] Character-Cellist228@alien.top 1 points 11 months ago

‘Rich Dad Poor Dad’ > buy his book and listen to it on Audible. This book changed my life the most. Tripled my net worth. However, All of Robert’s books are bit repetitive. But thats good. It sinks in better.

‘And think and grow rich’ > great book.

Too become wealthy, first visualize it. See it to be it. Then out of all the wealthy people you know ask them if you can learn what they do. Work for them for free while you still have your day job. That way you see more opportunities during your internship. Don’t become a slave to paychecks!

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