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. Hey John I really like your post on living on minimum wage.

    What I really like about your post is that Save is the #1 tip and step.

    Really there’s nothing that can be done to better your financial situation if you do not save.

    It’s by far the most important part and the part that most people have the biggest issue with.

    I’ve never heard of what you recommend, online marketing.

    You say it’s free, what exactly do you need to get started with this method? what kind of returns can you expect?


    1. Online marketing is like a modern ay of being a salesman. I mean you will be the middle man from the people who wants to buy something and to the companies that sell them. Actually, all you have to have is just pc, laptop and internet connection. That’s it.

      If you can spend 5 hours surfing the internet, why not spend it in building your own online business right? But then, I know that people will be hesitant to join online marketing because most of them think that it is complicated. I myself, also thought that way.

      Fortunately I have learned about Wealthy Affiliate It is like an online community that teaches its members on how to build their own website that can be used for online marketing. Right now I am on my sixth month and everything is going according to their program.

      If you are asking how much can you get from it. I say it is limitless. You may think that it is good to be true but, I tell you there are some online marketers that earn $10,000 a day. But for amateurs or beginners like me, you can start earning $300 per day. Not that bad, if you want to quit your daytime job right?

  2. No matter how much money anybody makes, it seems like they’re always looking for more. These concepts would help not just individuals earning the minimum wage, but everybody looking to stretch their money. Saving is an absolute must, especially for those looking forward to retirement. What kind of investments would you recommend for those with limited funds at the moment?

    1. If you are looking for an investment that doesn’t require that much money, I say you can start with affiliate marketing. It is like a modern sales person wherein you can earn from promoting other peoples products. You may think that this is hard because you don’t know how to sell products right? But there is an online community that focuses on teaching its members the step by step process on how to create your own website. And this website will be your medium in generating traffic and later on earn you income.

  3. Hi John,
    I really appreciate your efforts in researching such techniques for Living on low wages. There is large folks who do earn the low wages, your article surely will help them to make out their live.
    Your presentation in steps is very easy to understand. You also provided the resource links to earn money online which is very motivating steps.
    keep on


  4. Hello John , nice suggestions and advices.You seem like a man walking on solid ground.You avoid risks and you try to save money for later and to invest a little part of your earnings.

    There are some people that use a similar tactic , where they invest a part of their money in land and properties , some in “Gold” , some in stocks and the rest in cash.

    I think all these techniques are efficient as long as we keep moving forward and take action , as you very well mentioned.

    Entertaining read , I ll be checking for more.

    1. Hi Eileen!
      Thanks! By the way, if you need any help or have any questions in your mind feel free to comment it in here and I’ll happy to assist you. More Power to you!


  5. Hi John,

    Minimum wage can be a real hard “row to hoe”. It takes a lot of ingenuity to raise a family on minimum wage. Getting ahead and putting some money away for the future is almost impossible. Great article and some really good tips.


    1. Hi Charlie!

      It’s difficult but it’s possible right? About raising a family on minimum wage, I suggest you do the 60-30-10 rule in dealing with your hard earned money. It’s 60% of your check goes to daily expenses, 30% goes to savings and 10% as donation. I use the savings into a business. Check out my review about the business that I recommend, It will really help you in building passive income. I am currently using it right now and so far so good.

      But right now, I have a financial problem so I revised it into 70-20-10 so that I can cope up with the expenses. I hope I gave you some useful tips. Just comment below if you have more questions.


  6. Hi John,

    That is such an excellent site. I think everyone should read this page. It will really help a lot of people.

    Most people don’t understand about the fact that they actually need to pay themselves for their work. For example, when you get your paycheck, you need to obviously figure out how much your bills will be and allotted that amount of money. Then, you need to pull out what you would pay yourself for your monthly work. Think of it as your own payment to yourself and pay yourself generously.

    Then, use that money to invest in something that will hopefully pay you dividend (not the bank, trust me. They give you peanut). If you look at my site and about me page, you would see that’s what I used to do to invest is stocks and Forex.

    Good luck with affiliate marketing. i think it is worthwhile although I still have not seen any kind of fruition yet, but I am only on lesson 2. Bad me.

    1. Hi Karen! Thanks! Savings should be used to spend to good investments like passive income businesses such as affiliate marketing perhaps.

      I have been always intrigued on how to start doing stocks, so I will read your page when I get home. By the way, how long have you been doing stocks?

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