A few little tips I used on VH/VH mode with very challenging factions like Lithuania :
1) Concentrate in recruiting troops and blitz the Tuetonic Order. I only build roads (for blitz) and temples (for troops). Nothing else. No farms, no upgrading of barracks etc. You can get better buildings/troops when you have extra cash OR after capturing enemy settlements.
2) Disband useless units like peasants (they cant get free upkeep) and catapult (they are slow).
3) Destroy useless buildings like siege, leather tanner, low level barracks in low level settlements.
4) In the beggining, capture rebel settlements (Mstislavl, Homyel, Bialystok) and then SELL them to Novgorod, Poland. They will come and offer trade at around turn 4 and each village can sell to abt 4k. This way you use THIER MONEY to upgrade the settlement for you.
5) Fight with all calvary in an open battle and all infantry if you want to take a city.
6) After each military victory, offer Ransom or Sack thier city.
7) After capturing Arensburg and Pernau, destroy all buildings and sell them to Novgorod. Each can fetch a minimum of 6k. You wont have to face the Catholic Danes in other front.
8) Do not recruit any additional Merchants.
This way, I did not feel the lack of cash at any point of time.
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