How to Live on Minimum Wage

how to live on minimum wage

Do you always feel like this?

 And thinks that It is because your just earning Minimum Wage?

Let me Tell you, Minimum Wage is not the Culprit

When you initially received your paycheck, most of us spend it immediately. Paying Bills, Rents, Shopping, Groceries. And later on we realize that there is no more left. It feels like money vanishes so fast. What If I tell you that there is a way to have more and not pay less. Yes, You heard it right! You can have more money without taking for granting your bills and payments.

In less than 5 minutes, you will learn the S.R.I. Method which can help you HAVE MORE and NOT PAY LESS

S – Save

R – Research

I – Invest

These are the 3 simple steps to live on minimum wage:

Step 1: SAVE

How to Live on Minimum Wage

Get rid of the ‘1 day millionaire’ habit. You should be able to distinguish need from want. I suggest that when you receive your paycheck, you directly take away the amount of money that you want to save.

You can use the 60-30-10 rule to designate your funds. This rule means that

60% of paycheck  – Daily Needs, Payment of Bills

30% of paycheck  – Save in the Bank

10% of paycheck  – Donate

Obviously you should allot more to the daily needs and payments.  On the other hand, I suggest that you take 30% for your savings and deposit it directly in the bank. So why is this so? It is because if you keep your savings in your wallet there is a tendency that you will be tempted to spend it and it is very likely to happen.

If your asking right now on why you should save or what you should save for, wait for Step 3.

Lastly, give 10% as a donation. It is your choice, you may give it to the church, or to a charity. You may think that why should you take away a part of your paycheck and give it to someone else? It is for the reason of sharing. You already know what it feels to have nothing, its your chance to give back and make someone else feel that he has something.

This may sound cliche but, Trust me, The More you give, The more you receive.

(You can revise the 60-30-10 rule depending on your current financial situation)


How to Live on Minimum Wage

After your day time job, you should do your assignment at home. You should give time in doing  research about prospect passive income generators that you want to invest in. This passive income is considered passive because it will put money into your pocket even if you don’t work that hard on it.

Here are just some of the ways to earn passive income:

> Network Marketing

> Real Estate

> Stock Market

> Online Marketing / Affiliate Marketing

I know it is very overwhelming to know all of this, but just for the mean time that you are saving, take time to research about these topics. Read articles, reviews, or even e-book about them in order for you to evaluate what jives into your interest.

Step 3: INVEST

How to Live on Minimum Wage

After doing your research, you already had an idea on what you want to do right?

With the money you saved in step 1 and the knowledge you gained during step 2, You can now start to invest in the passive income that you decided to join in.

There are three types of passive income generator that you can invest in:

Expensive – Stock Market, Real Estate

Not that Expensive – Network Marketing

Free – Online Marketing

Example of expensive investment is real estate. You have to have enough budget to sustain the maintenance and repairs for the apartments or houses that you rent to people.

There are some that is not that expensive like networking marketing. I know that when you hear network marketing you instantly think that it is a scam. But mind you, some of the present billionaires like Robert Kiyosaki, Donald Trump, and even Shark Tank Star Kevin Harrington recommends MLM.

But there are some that is free of charge like Online Marketing/Affiliate Marketing. It sounds surreal right? But there are several that offers genuine opportunities  for you to earn passive income without using any amount in your pocket.

For a Recap,

Here is the Summary of S.R.I. METHOD:

Step 1: Save

Use the 60-30-10 Rule in Using Your Paycheck

Step 2: Research

Spend 30 min – 1 hr learning about passive income you want

Step 3: Invest

Take into Action!

Passive income is not a one time big shot that you will get rich quickly. It takes time and dedication but its totally worth it. Compared when you work in active income, if you stop, there will be no money. That means, You work for the money.

But in passive if you decide to not work, money still comes in. That means, Money is Working for You.

It doesn’t matter if you are just starting with a minimum wage. I mean, what matters is how you manage this earnings and how you spend it intelligently.

I doesn’t matter on what you want to invest in, as long as you know the do’s and dont’s of the passive income generator you want and continue learning about it.

It is not too late to start your journey, so right now begin and take part in building your financial freedom. So you won’t ask again yourself the question, how to live on minimum wage.

check out the #1 recommended work at home for beginners

Best Regards,

John Rico


  1. Great post John! I’ve struggled before with having to save for college on minimum wage – it’s definitely not easy. Tips on how to do it are always helpful!

    1. Thanks Rachel! Even though it is hard, we should always find a way to save and to invest the it on passive income. and to live on minimum wage is not problem.

  2. I remember learning about passive incomes in school but this was a really good recap and you delivered alot of information I just swept underneath the floorboards. I like that you encourage people to donate. It is important to know we are not alone in our journey to stability and we all have causes that need funding. I think most people would really benefit from reading your page 🙂

    1. Hi Will! Thanks for appreciating! Donating is really a good practice, like a said, the more you give the more you will receive. I hope I can work with you in the future. If you have concerns, just comment back or email me at More power!

    1. That’s right Bob! Saving is good, most especially if you invest it again to another things that can generate passive income.

  3. This was an eye opener to the minimum wage workers who can have hope that they are not stuck to making only that. There are other options that cost nothing or very little to start another path to making a great income.
    I love the 60-30-10 plan- and that yes – giving back is important and you reap what you sow 😉 if we discipline our self with out money, find more than one way to make it, it can work.

    Thanks for a great post,

    1. Thanks Michele! Indeed, giving is something that should always be practiced. To live on minimum wage will not a hindrance instead an inspiration to get out of the rat race. More Power to you!

  4. Great Todd!

    This is a great article to help many people who are living on the minimum wage. I myself live in Scotland and working the minimum wage way.

    I have taken your words onboard and will start to look at the correct way of my monthly pay check and instead of sitting on Facebook go and be more productive in my free time!

    Thanks Jason

    1. Hi Jason! Todd is a very good friend of mine who introduced Wealthy Affiliate to me. It was one of the best happening in my life since I was able to discover the opportunities in making blogs to generate money. By the way, My name is John. Thanks for giving time in reading the post. I hope it helped you! More Power!

  5. Hello John,

    like your post. Great info, very useful, so simple technique of saving money and all wealthy people are doing it.
    Very important: wants-needs. that is the key!
    Once again grate post , interesting content, looks interesting and provides solution!

    Keep on, Roman

    1. Hi Roman! Thanks! Yes, needs should be differentiated from wants. That is always the key on how to live on minimum wage.

    1. Thanks Dave! Minimum wage is not a hindrance instead it should be made as a stepping stone to build financial freedom.

  6. Hi John,

    I’ve found that if people can first learn how to live on minimum wage, save more than they spend, they can then learn how to grow their financial reserves and eventually invest in a variety of different things to grow passive income.

    Like you, one of my investments that I started was working with online marketing by creating websites. Man I’m so glad that I did, now I’ve got a number of passive income sources and I’m able to continue to reinvest that income and enjoy a better quality of life.

    This is really some great advice and more people who are living on minimum wage need to read your post so I’m going to share it on my social sites.

    Thanks John, great info

    1. Thanks Todd! I really appreciate it. it is indeed a great investment if you start building your financial foundation as early as possible. I am still learning but still I know in the long run, passive income will find its way. Good day!

  7. I like the name of your post How to live on minimum wage, I never though about that.
    This article is very insightful, and a very good way to step out of minimum wage or making more money in general.
    The meme is hilarious as well, ha ha.

    I learnt something through your post so thanks for that.
    All the best.

    1. Thanks Anh Nguyen! I put that meme to lighten up the topic haha Yeah, definitely, minimum wage is not the hindrance. you can use it as a stepping stone to open up new opportunities that soon will promote financial success.

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