Post: #1

What are some good ways to pull in extra cash as a 19 year old. I have about 4k to my name at this point due to some heavy spending. I am employed part time and pull in 375$ twice a month.

Post: #2

Set some goals.... some money for things you wanna buy or trips you wanna make. An hustle to make them happen.

Learn the difference between your wants an your needs if your strapped for cash.

An the more sources of income you have comming in the better

Post: #3

Depends on where you are in life...you in college?

At 19 you can go into extreme cash conservation mode and no one will notice. Sock it away and live meagerly.

Are you good at poker? I used to make my party money playing poker in HS and some in college.

Do you have lawn equipment that you can work on neighbors yards on the weekend with?

Do you have access to music equipment or electronics from richer friends that will unload to you for a steep discount that you can then resell?

Just a few ideas..

Post: #4

I don't have very specific financial input for you, but whoever has the signature "you'll lose money chasing women, but you'll never lose women chasing money" or something to that effect is spot on. When I was your age, I unfortunately did the former before figuring out the latter.

Post: #5

PLEASE PLEASE PLEASE read this book by Ramit Sethi. It's a quick read and has step by step tips on how to manage your money as a young person. It's not the typical "make a budget" / "stop spending money going out" BS that is all over the place. changed my life and I recommend it to everyone I know.

(11-07-2012 09:46 AM)blackglasses Wrote:  What are some good ways to pull in extra cash as a 19 year old. I have about 4k to my name at this point due to some heavy spending. I am employed part time and pull in 375$ twice a month.

Post: #6

/thread-1339.html

Post: #7

it wouldnt hurt to read the millionare next door. it helped open my eyes to what it takes for people to become and stay millionaires.

if you do go to college get a degree that will land you a job like engineering or business.

learn a foreign language so i would invest the time and money into say a rosetta stone. the more skills you possess the more marketable you become to employers.

at your young age you can probably find mentors willing to help you in the business/career field you are interested in.

do not knock up any girl as this will derail your life in the worst ways

spend a weekend alone, if you have to check into a hotel. turn off your cell, dont watch tv and just think deeply about who you are and what you want out of life. write those things down. then proceed to find ways to do those goals.

Post: #8

I thought he was talking about just picking up some extra cash with a side hustle or something, not actually planning a career or making lifetime choices (everything mentioned is important, no doubt).

Post: #9

Google "dividend aristocrats". It's a list of stocks that have increased dividends for the last 5 or more years without missing a single year.

Buy those stocks, and reinvest the dividends into more shares of those stocks. Wait 20 years.

Post: #10

I know this old guy who's probably the richest dude in town. He has a lot of hustles and he probably works sixty hours a week. He's basically Mister Rogers.

What I learned from him was basically this.

Work your nuts off for about four or five years until you have capital, then build something that takes little of your personal time to keep going. He has a car dealership with his own goons running it, a laundromat, two hardware stores that I know of, and (the only) general store in a small town. He spends his time in the biggest hardware store (definitely the biggest moneymaker) keeping everything afloat.

Other than that, vending machines is probably a good idea.

Post: #11

1. Don't go into large amounts non-dischargable debt for a degree that does not have a reasonable possibility of payback. College debt must be subject to a rigorous cost-benefit analysis. Taking on 200k in student loans for a history/communications/art/english degree is a bad move. If you ever have to declare bankrupcy student loans cannot be eliminated or reduced while most debt can. The degrees you want to pursue are those that people went to school for 50 years old ie engineering, science, architecture. Anything that funnels directly into a high paying profession.

2. Avoid a car, but if you can't buy a manual, 4 cylinder car with good gas mileage. Avoid coupes and sportier models due to increased cost of parts and insurance. Get a car that is later in the production cycle. The 7th generation civic, for example, was made from 2000-2005. By 04-05 all the bugs have been worked out, making them the most reliable of the generation. A manual 04-05 civic 4 cylinder base model will be cheap to maintain, cheap to insure, get good gas mileage and probably go to 200k+ miles. Get one with a timing chain if possible, the timing belt replacement usually runs over $800. Look for common problems with the engine and transmission, avoid models with major problems in these two components. Doing work on the suspension, brakes, etc is pretty easy and can be done with a basic tool set. In my experience, girls do not care what car you drive but they do notice if you car has a bunch of junk in it, keep it clean in the passenger compartment, throw the junk in the trunk. Also in my experience girls look down on guys with mustangs or other cars of this ilk because they think they are compensating for something.

3. Buy a flask and bring it to bars. You can save hundreds if not thousands per year by mixing drinks under the table or in the bathroom. You can sip on high quality scotch in a bar for quarter price.

4. Start meditating. You will realise that most people buy stuff to make them feel better about themselves. A consistent meditation practice, or a free 10 day retreat(http://www.dhamma.org) will make you self-satisfied and eliminate the need to buy most of the worthless junk on which people spend their money.

5. Spend money on the bare minimum you need to survive and things that will hold their value. Off the top of my head the following things seem to hold/appreciate in value: guns, ammunition, gold, silver, used exercise equipment(kettlebells, plates), cast iron cookware. Cars, houses, boats, etc are depreciating assets. The preceding list seems to resist the effects of inflation.

6. Cook for yourself and incorporate lots of pastured butter(Kerrygold @ trader joes) and coconut oil into your diet. Fat will keep you full and prevent you from binging on junk food as often. Saturated fat also increases testosterone and will make you feel like a beast.

If you live like this you can subsist on very small amounts of money and the assets you acquire(guns, etc) can always be sold in a pinch.

Post: #12

to the op- ^n000 has some pretty good nuggets nuggets of information up there. I especially like numbers 2 and 3.

Post: #13

(11-07-2012 02:51 PM)Alpha Hunter Zero Wrote:  to the op- ^n000 has some pretty good nuggets nuggets of information up there. I especially like numbers 2 and 3.

He does indeed, I just don't agree with the fat part. Ofcourse you need fat, but don't overdo it. Don't buy processed or ready food since generally they are more expensive and less healthy

If you want to study, come to Europe. Most countries have either free tuition or a bit more than 1000€ per year . Search on-line whatever you want and some countries will surely have it in English (in the UK are much more expensive). You'll have a better time, different experience and in the end you might "be more valuable" for this experience. You might even learn a new language and see the "old continent".

Post: #14

Read my post in the hustling guide: /thread-14723-page-4.html

In the last two weeks I picked up a 7 oz silver belt buckle for $2 and sold it for $240, and a Back2Life for $15 and sold for $110, and those are just the two that I made the most money on. All told I made a little less than $500 by going to a few yard sales one morning. This shit is easy once you get the hang of it.

Post: #15

Some solid advice here so far.

The most important thing to remember is that there really isn't any special trick to making money. Anyone can make money. How?

By providing value to someone else.

This is the reason that people give you money, whether that person is your employer or your customer. If someone hands you money, it's because you are providing them a product or service that adds some value to their life.

Always keep that in mind when thinking about new business opportunities, as well as when considering whether to go to college (and what to study if you do) as well as what skills you'd like to learn.

Focus your efforts on gaining skills, contacts and experiences that will help you be in a position to add value to other peoples' lives, and you will naturally find yourself gaining cash flow.

Post: #16

Damn i just realized I wrote nuggets twice. Oh well.

Post: #17

(11-07-2012 03:16 PM)Katatonic Wrote:  Read my post in the hustling guide: /thread-14723-page-4.html

In the last two weeks I picked up a 7 oz silver belt buckle for $2 and sold it for $240, and a Back2Life for $15 and sold for $110, and those are just the two that I made the most money on. All told I made a little less than $500 by going to a few yard sales one morning. This shit is easy once you get the hang of it.

what how in the F did you do that? dat dere some serious hustlin".did you say that the belts where 100s of year old,vintage or some shit?

Post: #18

Pick up a pound of smoke. Break it up into dimes and 8ths.
Sell it to your friends. Double or triple your money. Smoke
up some bitches. Pound some cooch. Repeat.

Post: #19

(11-07-2012 04:41 PM)alecks Wrote:  what how in the F did you do that? dat dere some serious hustlin".did you say that the belts where 100s of year old,vintage or some shit?

It was real silver and tarnished to shit.

Post: #20

n0000 mentioned bringing a flask to bars. i have been doing this for years and it definately is a huge money saver.

the flask i bring is a 5oz camera flask very realistic and when i get frisked in bars it never is suspected of being a flask.

http://www.binocktails.com/product/3/%22...flask.html

Post: #21

(11-07-2012 05:41 PM)bacon Wrote:  n0000 mentioned bringing a flask to bars. i have been doing this for years and it definately is a huge money saver.

the flask i bring is a 5oz camera flask very realistic and when i get frisked in bars it never is suspected of being a flask.

That's just genius

Post: #22

You guys got it all wrong. You don't wanna get drunk at the bar. It's lame and expensive.
You want bitches to get drunk at the bar by getting free drinks from all the betas. Then
you roll in around 11 or 12 after they're 6 drinks deep and do your magic. Game on.

Post: #23

[quote='Parlay44' pid='303327' dateline='1352328770']
You guys got it all wrong. You don't wanna get drunk at the bar. It's lame and expensive.
You want bitches to get drunk at the bar by getting free drinks from all the betas. Then
you roll in around 11 or 12 after they're 6 drinks deep and do your magic. Game on.
[/quo