3 answers
joshua
Student
Katy, Texas
1
Question
Asked
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how do I make money and how to make more with that money
How can I make make money at a young age
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3 answers
Douglas Ray, CMR, AMR
Sales, consulting, and marketing
52
Answers
Marietta, Georgia
Updated
Douglas’s Answer
Hello Joshua,
Many moons ago, I found myself asking the same question you're asking now. I was just 12 when I landed my first part-time job. Though my earnings were modest, I made it a point to save as much as I could. This early experience taught me the importance of juggling work and school, and it sparked a desire in me to seek higher pay and learn the art of making my money multiply.
I stayed on the education path, earning a college degree before joining the military as a Lieutenant. I discovered through my reading that the key to building wealth beyond your regular income is to put your savings to work. In other words, "how to make your money make more money".
I experimented with different mutual funds before settling on a simple Index 500 Mutual Fund with Vanguard. It was beginner-friendly and all it required was an initial investment of $3,000, at least that's the requirement these days. Over time, I've seen the value of that initial investment grow substantially.
Wishing you all the best!
Many moons ago, I found myself asking the same question you're asking now. I was just 12 when I landed my first part-time job. Though my earnings were modest, I made it a point to save as much as I could. This early experience taught me the importance of juggling work and school, and it sparked a desire in me to seek higher pay and learn the art of making my money multiply.
I stayed on the education path, earning a college degree before joining the military as a Lieutenant. I discovered through my reading that the key to building wealth beyond your regular income is to put your savings to work. In other words, "how to make your money make more money".
I experimented with different mutual funds before settling on a simple Index 500 Mutual Fund with Vanguard. It was beginner-friendly and all it required was an initial investment of $3,000, at least that's the requirement these days. Over time, I've seen the value of that initial investment grow substantially.
Wishing you all the best!
Thank you for giving me advice.
joshua
Jacob Taylor
Production Manager
521
Answers
Stafford, Virginia
Updated
Jacob’s Answer
Making money at a young age is a great way to learn financial responsibility and set yourself up for future success. Here are some steps to help you make money and make the most of it:
**1. Part-Time Jobs:** Look for part-time jobs suitable for your age and skills. This could include babysitting, pet sitting, lawn mowing, or working at a local store or restaurant.
**2. Freelancing:** If you have skills in writing, graphic design, web development, or other areas, consider freelancing online. Platforms like Fiverr and Upwork offer opportunities to find paid gigs.
**3. Online Surveys and Tasks:** Some websites and apps offer small payments for completing surveys, watching videos, or performing simple tasks. While these won't make you rich, they can provide some extra pocket money.
**4. Tutoring:** If you excel in a particular subject, offer tutoring services to younger students. This can be done independently or through online tutoring platforms.
**5. Sell Items:** Declutter your space and sell items you no longer need online through platforms like eBay, Craigslist, or Facebook Marketplace.
**6. Entrepreneurial Ventures:** Consider starting a small business. It could be selling handmade crafts, creating a YouTube channel, or offering a unique service in your community.
**7. Saving and Investing:** Once you start making money, develop good savings habits. Open a savings account and put a portion of your earnings into it regularly. Learning about investing at a young age can also be valuable in growing your wealth over time.
**8. Budgeting:** Create a budget to manage your income and expenses. This will help you make the most of your money and avoid overspending.
**9. Learn About Finances:** Take the time to educate yourself about personal finance. Understand concepts like saving, budgeting, investing, and the power of compound interest. Books, online courses, and financial podcasts can be excellent resources.
**10. Set Financial Goals:** Define clear financial goals for yourself. Whether it's saving for a big purchase, building an emergency fund, or investing for the future, having goals will motivate you to manage your money wisely.
**11. Seek Guidance:** Don't hesitate to seek advice from parents, guardians, or trusted adults about money management. They can offer valuable insights and guidance.
Remember that making money at a young age is just the beginning. Learning how to manage and grow your money is equally important. Developing good financial habits early in life can set you on a path to financial success and independence in the future.
**1. Part-Time Jobs:** Look for part-time jobs suitable for your age and skills. This could include babysitting, pet sitting, lawn mowing, or working at a local store or restaurant.
**2. Freelancing:** If you have skills in writing, graphic design, web development, or other areas, consider freelancing online. Platforms like Fiverr and Upwork offer opportunities to find paid gigs.
**3. Online Surveys and Tasks:** Some websites and apps offer small payments for completing surveys, watching videos, or performing simple tasks. While these won't make you rich, they can provide some extra pocket money.
**4. Tutoring:** If you excel in a particular subject, offer tutoring services to younger students. This can be done independently or through online tutoring platforms.
**5. Sell Items:** Declutter your space and sell items you no longer need online through platforms like eBay, Craigslist, or Facebook Marketplace.
**6. Entrepreneurial Ventures:** Consider starting a small business. It could be selling handmade crafts, creating a YouTube channel, or offering a unique service in your community.
**7. Saving and Investing:** Once you start making money, develop good savings habits. Open a savings account and put a portion of your earnings into it regularly. Learning about investing at a young age can also be valuable in growing your wealth over time.
**8. Budgeting:** Create a budget to manage your income and expenses. This will help you make the most of your money and avoid overspending.
**9. Learn About Finances:** Take the time to educate yourself about personal finance. Understand concepts like saving, budgeting, investing, and the power of compound interest. Books, online courses, and financial podcasts can be excellent resources.
**10. Set Financial Goals:** Define clear financial goals for yourself. Whether it's saving for a big purchase, building an emergency fund, or investing for the future, having goals will motivate you to manage your money wisely.
**11. Seek Guidance:** Don't hesitate to seek advice from parents, guardians, or trusted adults about money management. They can offer valuable insights and guidance.
Remember that making money at a young age is just the beginning. Learning how to manage and grow your money is equally important. Developing good financial habits early in life can set you on a path to financial success and independence in the future.
Mandi Conger
Title Clerk
30
Answers
Nashville, Georgia
Updated
Mandi’s Answer
Hey Joshua, I think its nice to have such drive at a young age. You are sure to set yourself up for success if you maintain this attitude moving forward. I would suggest researching how old you have to be to work in your state and if you are of legal age you could start putting in applications. Some states allow you start working as early as 14, however you may need to get a work permit and permission from your parents in order to employed. If you are under the legal age to work you could always use your skills to make money. If you are good in school you could offer tutoring for your strongest subjects or if you are good in sports you could always help coach someone and set up lessons. With that money, you can save and invest accordingly. For example, if you decided you wanted to cut yards, you could start with a push mower, save up, and eventually you'll be able to purchase more equipment and possibly a riding lawn mower.
Thanks for the advice.
joshua