Photo: Thanks to Sergei Startostin at Pexels.
Those of you who practice the suggestions in The Low-carb Vegan Renegade have the self-discipline to practice the suggestions I will now outline in the Moneywise Renegade. You may think that because I am anti-oligarchy, I might be a communist or anti-money. No, I want you to get YOURS. I am closing the income inequality gap between the masses and the oligarchy, between you and them. What I am about to describe should be taught in high school economics. Here’s how to become Moneywise Renegades, ones who take care of themselves and their planet, too.
1. Refuse to take out any loans.
Do NOT consume any loans (car, school, home, business, or credit card) no matter how poor you are. Loans are a way for the rich to bilk the poor. Their loans enslave you and rob you of future choices. Learn to live without the addictive convenience of easy cash. Instead of student loans to pay for your education, get jobs and tuition waivers or scholarships. You can work and go to school at the same time. You can take part-time classes, weekend classes, night classes, and online classes
in the liberal arts or the humanities if you like.
2. Live at home or with roommates.
Save money by living at home. Become one of those “useless” stay-at-home kids people laugh about. It’s economical, it saves the planet, and it is fun.
3. Reduce your use of fossil fuels.
Radically reduce your use of fossil fuels by riding bikes, walking, taking public transport, or sharing rides to school or work. Move closer to work or school, choose remote jobs or jobs close to home. At home, during cold weather, dress warmly and keep your house between 60 to 65 degrees. In hot weather, use other people's air conditioning. You are not just saving money. You are narrowing the income gap, saving the earth’s resources, and reducing your carbon footprint.
4. Save religiously in the stock market.
When you are making money, no matter how much or how little, save until you have enough cash on hand to hold you over for a half year in case of emergencies. After that is secure, don’t waste your money on fast fashion or high fashion. Do not waste 5 to 10 percent of your money tithing false gods with big beards sitting in heaven. Save it in stocks or mutual funds for the 65-year-old you. Save that 5, 10, or 15 percent automatically without failure. It's not evil. It's business. I am a terrible businessman. I have lost a fortune in failed enterprises. Bill Gates is a good businessman. I can invest in his business.
Know this. If you invest a dollar when you are 20, it has the potential to become 88 dollars by the time you are 65. If you do it when you are 30, then one dollar can become 23 dollars by the time you are 65. If you do it when you are 40, it can become 7 dollars by 65 years old. You may not make much money when you are young, but you get much, much more bang for each buck when it’s invested at that time of your life. So, at twenty years old, your ten dollars has the potential of becoming 880 dollars, your 100 dollars can become 8,800 dollars. So, the earlier you start, the greater money-building power you have. See the e-book The Silent Mutiny for details. Tyler on TikTok has a plan for 15-year-olds to become multi-millionaires by the time they are 59 years old while remaining a lifeguard their whole lives.
Moneywise Renegades, ones who start as early as high school but continue through college, early adulthood, and into their forties, will save the earth’s resources, reduce obscene income inequality, and keep stable and safe. If that's you, your 55-year-old will be singing your praises. Meanwhile, you can sing Bob Marley’s Get Up Stand Up:
“Most people think Great God will come from the sky,
take away everything and make everybody feel high.
But if you know what life is worth,
you would look for yours on earth.
Stand up for your right."
Many people make two mistakes. (1) They don't invest in the market or wait too long to begin doing it. As soon as they enter the workforce and have saved enough to open an account, they should do it. (2) They leave their savings in a will and not in a trust. Leaving it in a will just means you are leaving easy money for others with poverty mentalities to blow. If you leave it in a trust, it can support several generations and/or donate yearly to a charity and grow, too.
