April 16th, 2008 at 11:15 am
I remember as a kid how badly I wanted to make money. I wanted to build my own go-kart and buy a dirt bike so much that I was dying to find ways to make money.
That was long before the age of the internet. Now a teenager can just type, “ways for teens to make money” in Google and find several websites and ideas on how to make a few bucks. With sites like craigslist.org, a teenager can quickly find odd jobs to make some extra cash.
Young entrepreneurs are on the rise, and some kids are becoming richer than their parents. If you’re a young person wanting to make money, here are a few ways you can start making money before you’re even old enough to technically work:
Leverage Personal Skills or Passions: When I was in grammar school, I made my first $100 by stringing lacrosse sticks for other kids. This was something I taught myself how to do, and then all my friends wanted me to do the same for them. I was happy to for $10 dollars. What are you good at that your friends would be interested in paying you for?
Fill Out Online Surveys: Kids can make money online just by filling out online surveys for video games and movies. Survey Adventure will send surveys right to your email address that pay anywhere from $2 – $50. Sign up free here.
Host a Raffle: Buy some raffle tickets and sell them for $1 a piece with some cool, cheap prizes. Kids always seem willing to give up a bit of their lunch money for the potential of something neat.
Start Babysitting or Pet-sitting: Everyone wants their pets well taken care of, and if you get home at 3p.m, that’s probably sooner than your neighbors. If they have pets, offer to let the dog out and walk it around the block for $5. If you can get five neighbors to do this, that’s $25 a day!
Look for Work Around the Neighborhood: Most people’s homes are pretty cluttered, and chances are they have an attic, basement or garage that needs organizing. Every house needs dusting, a lawn mowed, snow shoveled, leaves raked, and plants watered. See if you can help people get those chores done for a few dollars.
Help Elderly Neighbors: Are there some nearby elderly people that could use some help. Maybe you could ride your bike to the grocery store for them, or help them move some things around the house.
Are You Good With Computers? Teach people how to use or fix their computer.
Weekend Car Washes: Hold a car wash every weekend. All you need is some soap, a sponge, a bucket and a hose.
Caddying: Many country clubs will hire you as a caddy when you are 13 years old. This is how I started making the most money when I became old enough.
Hold a Bake Sale: Make some brownies and cookies, and sell them at school for $2. Not only will your friends buy them, but your teachers will too.
Type Papers: If you are good at typing, you can charge other kids at your school to type their papers for them.
These are just a few ways kids can make money without a “real” job.
Millionaire Money Habit: Anyone can make some extra money and increase their income. It just takes using your imagination, leveraging your strengths, and providing something of value. What are some ways you made some extra money?
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April 14th, 2008 at 11:15 am
Who says it takes a lifetime of savings and an impressive resume to make millions of dollars? Here are a couple teenage millionaires that prove the rest of us wrong:
Ashley Qualls started whateverlife.com at age 14 and dropped out of school when her website started making $70,000 a month. How did she do it? By accident.
Ashley, from Detroit, started her website with $8 she borrowed from her mom. Her friends liked her MySpace pages so much, she started posting them on her site for them to download. Apparently her friends were not the only people interested in her designs.
Traffic started flowing in, and now Ashley receives 7 million visitors a month. She was not even old enough to drive when she bought her first house for her and her mom.
Her website brings in between $40,000 and $70,000 a month, and many internet marketers feel she can make much, much more with her massive audience. Money doesn’t seem to be her primary motive though, as she recently passed on a $1.5 million buyout offer.
Cameron Johnson is well known in the internet marketing community, and may be classified as a serial entrepreneur.
He started his first business at age 9, where he made several thousand dollars selling greeting cards online. He was able to take his savings and make an offer to his sister to buy her Beanie Babies for $100 a piece. Those were sold for a quick profit and his profits were re-invested in buying more Beanie Babies.
By age 12, Cameron had made over $50,000, which he used to fund his next project. He started an email service called EZ Mail, which generated over $3,000 in income before he was even a teenager.
As you might imagine, Cameron did not stop there. At age 13, he start Surfingprizes.com. By age 15, he was cashing checks that were over $300,000. From there he continued to start a string of many other successful websites, including Certificate Swap, a website that allowed people to trade gift cards.
I wonder, is Cameron an entrepreneurial genius, with his string of incredibly successful start-ups? Or did he have any hiccups along the way.
Click Here to learn how you can start making money on the Internet from home.
Millionaire Money Habits: Making millions even for these teenage millionaires did not happen over night. Maybe it was a bit of luck or being at the right place at the right time, but these kids found a way to provide something of great value and capitalize on it. One thing is evident, is that they have a passion for what they do. -RT
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April 13th, 2008 at 11:15 am
Here is a list of some of the best personal finance articles from my favorite personal finance websites. To kick start your week, spend some time digging through the Millionaire Money Habits archives and the links below to improve your financial literacy and increase your net worth.
Spotlight: Silicon Valley Blogger tells us How To Invest Defensively In Down Markets at the Digerati Life. She suggests which stock sectors to consider, analyzes bonds, reminds us the importance of diversification, and tells us the consequences of playing defensively.
Other Great Personal Finance Reads:
Personal Finance Carnivals:
Millionaire Money Habit: To build wealth, you need to perpetually improve your financial literacy. Digest as much information as possible and stick to a plan that works for you. In addition to the articles above, pick up one the recommended books found at the footer of this website, and be sure to subscribe to the RSS feed or by email to be notified of new articles.
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