This is asked to often, take your pick:

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This could be helpful.

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ten, this is what I did, for a long time.

Why can't you just use the Help forums to look this up? It has been REPEATEDLY asked and discussed. Just use the forums for help and stop making new posts on how to make bits when there are already numerous posts about it.

Yes, please utitilize the help forums, thats what it exists for. this was just asked yesterday even so you dont even have to look too far

admittedly, yesterday's ask for making money wasn't even posted in the help section for some reason. and as i pointed out in my suggestion from a while back about bug reports, people just don't title stuff correctly. so looking through the help section you'd have to go about 50 threads down to find people talking about this topic despite it being one of the most asked questions. i think there's a little more to it than people just not wanting to look for info themselves...

Someobe must have moved it then because its there now and its titled bits. The next one down isnt too far and it states "how do i get income" and its only 15 down. The recent activity has three, all clearly titled. I think there are plenty more not in help posts but its all the more reason that a search function is needed because this question is asked a lot. 

I am not sure how it is for newbies, I dont remember, but if there isnt there should be a tutorial to guide players in the best ways to make money and to start with a low amount of horses because I notice a lot buy a ton of horses. I think we are kind of set up for our newbies to fail in the beginning. We have guides but they always the easiet to understand or have the right information. 

I agree with Maki.

Just here to remind everyone to keep things civil when answering those in the help forum. We were all new once and needed help navigating and having friendly help was encouraging to us. If you find yourself potentially answering a question in an unfriendly tone, please allow someone else or staff to hop in instead.

That said, this ended up reported to myself today and after review we will be adding a pinned post to the help forum and wiki as a how-to guide on making bits. We think this can aleviate some concern over seeing/answering this question multiple times and also better guide new players. The wiki and quick guide are in the stages of being updated and revamped so they are easier to navigate and read for all.