Ok, so I recently started in ED. I dont know if im possibly doing it wrong or what the deal is, but making money in this game is terribly painful!!! I am making what, 50k per mission? Ive been here a week now and barely broke 6 mill. Ive been all over the forums, and everything people suggest isnt working....
So, Am i doing it wrong, or that just the state of the game right now?
Nope, you're doing it. There is no right or wrong.
If you thought you'd be a billionaire by now, that's what you did wrong.
In order to see any really meaningful credits from missions you'll need to do the low-paying ones for a while, for the same factions, in the same systems, to raise your standings with them. That Rep+ and Inf+ is meaningful. The more Reputation you build with a faction the more they will pay you for running their errands.
My typical mission payout in systems where I am Allied to one or more factions varies between 100k and 1.2 million credits or more. It's kind of like a real job - you don't start out making CEO pay on your first day as an intern. You have to work and prove yourself. You'll hear people talk about the 3 P's, though they usually are referring to the Mining profession and talking about Palladium, Platinum, and Painite. But there is a vastly more important 3 P's that apply to all of Elite:
Practice - You develop skills at any task over time by simply doing them.
Patience - This is a huge one - the day-to-day can be anything less than thrilling, and some things do just take time - like reaching Hutton Orbital.
Persistence - Keep at it, don't let the first two P's wear you down, and you'll be banking more credits than you know what to do with and a fleet large enough to wage a war before you know.
That's really all there is to it.