Fishing simulator Wiki
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I will be discussing the best ways to make money at each rank. If you disagree then type your suggestion in the comments.

Rank 1-9 try hoping on someone's boat and fish in the ocean. The fish at Port Jackson is worth little compared to anywhere else.

Rank 10-24 Complete the lava obby right when you unlock Eruption Island. Then fish in the lava. Don't fish at beach. If you have the fish master 2.0 then find a hotspot in the ocean and fish. (At this point you should have a boat.)

Rank 25-39 Go to Shadow Isle and talk to Gillbert right away. Completing his quests will unlock the mythic cave, were you will be making most of your money for now. If you have the fish master 2.0 then find a hotspot in the ocean and fish. It is a little better than the mythic cave.

Rank 40+ Clean the river as fast as you can because best way to get money in the game is fishing in the river. Only catch the piranha and tiger fish. You can expect up to 100k a run.

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