This next post was written by my friend Nathan, who blogs over at Millionaire Dojo. It’s all about how teenagers can start making money, even at 15 years old! I definitely remember those years, from when my sons were teens. They always had important places to go, and fun things to do with their friends. And most of those things required money.
And guess who had to provide that money? Yep, the good ‘ole bank of Mom & Dad. But maybe if we’d had online resources like this one, they would’ve had better options for funding their own excursions.
Best Jobs for 15 Year Olds: How to Make Money as a Teenager
When you’re a teenager, coming up with the money to do the things you want can be tough. In reality, it can seem tough to find jobs for 15 year olds.
And there’s nothing wrong with investing in the stock market, or, buying a REIT for that matter, but, the serious wealth, the kind of money that propels you into the top 1%, is made by those individuals who understand the fundamentals of how to strategically value, buy, upgrade, and sell their own properties.
Looking to get started with investing, but not exactly sure how to begin? Here’s a really helpful article that outlines the specific steps you can take, as a beginner investor.
It was written by my friend, Kevin, who blogs at Just Start Investing. (<– And if that isn’t the best suggestion ever, I don’t know what is!) By the way, Kevin’s blog was recently nominated for a Plutus Award in the category of Best Investing Blog. Be sure to check it out, because he has some amazing content on there!
And with that said, here is his comprehensive guide on how to get started investing for beginners.
Everyone should be investing in some capacity if they can. Whether it’s through a 401(k), a Roth IRA, or just a personal brokerage account, investing is one of the best things you can do for yourself! And if all those fancy numbers and abbreviations (looking at you, Roth IRA) mean nothing to you, don’t worry, we’re breaking down how anyone can get started in this index investing for beginners guide.
Before we get started, imagine this for a second… Let’s say when you were born you put $100 in your piggy bank. And every year for your birthday, you were fortunate enough to add $100 to that piggy bank (or your parents added it for you). When you turned 18 and went to withdraw that money, instead of it being $1,800, it was $3,700. Over double the amount you expected!
Magic! Right? Nope, that is the power of investing in the stock market which has historically provided 7% returns every year.
So now you’re 18, or 25, or 35, or 55, or however old you are today, and you want to set yourself up for a better future. Good! It’s never too late to start, and starting now is better than starting tomorrow.