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.
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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
12:41 pm on April 14th, 2008 1
But don’t forget that they had to have the skills behind the business. Ashley had to be good at making MySpace designs… she didn’t just have the idea… she had the idea and was good at doing it… she had the skills to do it (or learned them very quickly).
5:04 pm on June 7th, 2009 2
I enjoyed reading about all of the teenager ideas on making money on their web-site. I WOULD LIKE TO KNOW how to start my own we-site. I have lots of beanie babies that I would like to sell, including princess Diana beanie baby. THANKS IN ADVANCED!
7:58 am on June 8th, 2009 3
These kiddos are brilliant. Keep up the entrepreneurial spirit. I remember when I used to sell candy in the fourth grade and making about $100 a day, now I drill oil wells. If these kids are doing big things now, only God knows where they will be in 15 years. So all those negative nellies out there take a look at yourself. It is not hard to make money. Find a niche that is good for all and LOVE what you do!
12:32 pm on October 11th, 2009 4
First of all there is no such thing as luck. We attract everything that comes into our lives, it is called The Law Of Attraction. That is how I went from broke and homeless to over $90,000,00 in a few short months. Everyone needs to give their kids these books: Think and Grow Rich, The Science Of Getting Rich, The Strangest Secret, The Secret and the movie The Secret. Here are 6 words that will change your life today and make you wealthy beyond your widest dreams, “WE BECOME WHAT WE THINK ABOUT”
~London Lyric=)
2:08 am on October 12th, 2009 5
These stories are so motivating; I am 61 and bells went off. How can I teach my two grand children these traits?
Guam
9:09 am on October 12th, 2009 6
Truly you can be successful if you espouse what you love with the goal of benefiting mankind. Your intention is to increase not to diminish and you develop a success mindset, have a must-win-attitude, keep your eyes on the ball, vow to do all that is required to be up and refuse to be ditracted by today’s gratifications or pushed back by success route stepping stones, then success is inevitable!