I wasted a lot of time in my youth. I was chasing girls and hanging out with the wrong crowd. Had I started to make money as a teenager, I’d be on a whole other level today. So, I will give you the headstart I wish I had…
3 Tips to Make Money as a Teenager
First of all, most of the information we learn about money is not only wrong but keeps you stuck in the middle class. I’m sure you’ve heard a few of these before from your family…
YOU CANNOT SAVE YOUR WAY TO RICH!
For that reason, it will never help you make money as a teenager. Instead, you need a plan to earn, store, and multiply your wealth. These are three ways to get started developing your money-making strategy…
Make the Decision to Become SUPER WEALTHY
Everything you do in life begins with a decision — that includes becoming a multi-billionaire.
YES, I AM ENCOURAGING YOU TO SET A TARGET THAT HIGH.
I am saying this because the standard advice of setting small, achievable goals has never worked for me. I’ve always needed something powerful enough to keep pulling me forward.
That being said, the idea of putting in that kind of work might scare you…
Or, well-meaning friends and family may try to discourage you…
However, this is the only way to start making money as a teenager — or ever. Then, I would look to hook up with people with the same mindset.
Collaborate with CONNECTED People
One of the most important lessons from “Undercover Billionaire” I learned was the importance of connections to success.
As I mentioned earlier, I wasted time hanging out with the wrong crowd as a kid. With that in mind, my advice to you is to avoid anyone who:
- Is bad with money
- Has drug and alcohol problems
- Struggles with problems at school or home
But as I said, you need connections to succeed. Look for those already connected to money, have a big mission, and are winning.
I guarantee that if you collaborate with high-quality people, you’ll start to make money as a teenager faster.
Follow the Money and Opportunities
This third and final tip is harsh and is going to sting many of you…
NINE TIMES OUT OF TEN, YOU CAN’T DO WHAT YOU LOVE AND MAKE MONEY AT THE SAME TIME.
I know how tempting the dream is to get rich as a rapper or ball player. So unless the scouts are already talking to you or you have the record deal in hand, you gotta start looking for where the cash is…
By the way, sometimes the pay may be less for a job at first, but the opportunity for growth may be better. That’s why your plan to make money as a teenager has to have a long-term view…
KEEPING the Money You Make as a Teenager
I stand by what I said before about being unable to save your way to wealth. But that doesn’t mean blowing all your funds either…
TO BE SPECIFIC, DON’T SPEND ON EXPENSIVE THINGS YOU DON’T NEED.
You know the newest designer shoes or video games won’t get you any closer to making it, so why do it?
Follow these tips and you’ll make money as a teenager and be well on your way to being a wealthy adult. And once you are, let’s do some deals.
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