5 answers
5 answers
Updated
Tonya’s Answer
Hello Raymundo,
Entrepreneurship is an avenue to develop multiple streams of income. Decide what passive industries that you would like to invest your time and money. Remember, businesses are like children, they need continuous strategies for growth and development. Celebrate the milestones along the way, they will lead to larger milestones.
Entrepreneurship is an avenue to develop multiple streams of income. Decide what passive industries that you would like to invest your time and money. Remember, businesses are like children, they need continuous strategies for growth and development. Celebrate the milestones along the way, they will lead to larger milestones.
Updated
Nathaniel’s Answer
Hey before you finish high school think about what type of lifestyle do you want to live? Also, think about what types of issues you DON'T want to deal with. Factory job working 12hours? Fast food restaurant job for the rest of your life? Investing in stocks and bonds early in order to start developing a passive income? You want to consider these things first before just pursuing being a entrepreneur because being a entrepreneur is being pushed on this generation just like going to college was on my generation...Finally,I suggest finding a mentor who is a entrepreneur and take their advice based on their lived experiences to get to where they are now in their life...Do what makes you happy at the end of the day. Peace and love.
Updated
Bridget’s Answer
Hello Raymundo - First, Passive Income is the dream of everyone, but before you can get a career that offers passive income you have to find one that can offer that type income. Real Estate has opportunities with rentals, flips and rehabs that could offer passive, especially if you speacialize in tax and lien deeds. Stock trading can offer passive income through investment. Owning and operating concession vending can also offer passive income. However, having a passive income depends on how you grow and brand your business if its real estate I would suggest you get a license, it will save you money in the long run on closing. For Stocks I would take online courses on how to utilize the market and what areas would be best for your intial investment. Concession, there is work that needs to happen like refilling or collecting but the investment is per machine and what you put in them. If you are interested in being an Entrprenuer I would suggest going to college for Business to get a firm handle on Economics.
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Lani’s Answer
You should find something that allows you to sustain yourself and you can earn a steady income, while on the side nurturing any interests or entrepreneur goals.
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Swati’s Answer
There are a lot of entrepreneurs out there who have mainly passive sources of income - the most popular one I've seen is Real Estate/investment properties. I would suggest looking up YouTube videos, or even TikToks, to identify these resources and watch their content. Hope this helps!