7 amazing things you can do right now to get rich as a teenager.
Tags: Help, Teens, Self Improvement, Money

7 amazing things you can do right now to get rich as a teenager. Isaadibrahim Jul 15·4 min read

Have you ever looked at other wealthy individuals who without any kind of education or rich background still earn more than your entire family? Have you ever considered yourself unlucky that you are not able to live the luxurious life that you desire? Then let me tell you that it is still not too late to start worrying about the future. You can start adding some things to your daily life that will ensure that you get the future you want.

1. Read these two books.

“Think and grow rich” and “The Early Investor: How Teens & Young Adults Can Become Wealthy”. I ask you to go to your nearest bookstore or open your preferred online book store and buy these two books. These are a no-brainer if you want to get the ideal financial mindset. Reading these two books have done wonders for me personally.

2. Build assets, demolish liabilities.

Focus on buying more assets and reducing liabilities. An asset is a resource that provides you benefits. In simpler words focus on buying resources that will help you earn money. This includes stocks, crypto, real estate (which I doubt you will be able to buy right now). On the contrary liabilities are properties that will be a financial burden. In simpler words, they will only serve you by making you spend more. This includes cars, debts, focusing on expensive stuff which is not required. In short look at the long-term benefits while purchasing things.

3. Save less, Invest more.

As a teenager, you have the benefit of not being concerned about losing money. This makes your current life stage the best stage to start investing. You don’t have to worry about retirement funds or debts so there are no good reasons to save everything. Of Course saving something for emergencies or dire needs should be focused on. But that’s all. You should look into investing in some crypto or stocks or forex.

4. Stop being idle and get an income stream.

This is the perfect age and time to learn and gain experience. You should try to experiment with different learning methods and see what’s best for you. In the beginning, it will be really difficult to earn but you will be gaining experience, which matters more in the long term. Focus on the bigger picture. So, I would suggest getting a small job such as a salesperson or working at a restaurant. In this day and age, it is also possible to earn as much or even more online as compared to physical work

5. Get good helping hands.

Mentors will help you learn way faster than self-learning. Good helping hands will teach you from their experience which they will have gained from their journey. The journey to success not only depends on you learning from your failures but also on you learning from others, the latter usually provides more benefits. Thus, I would advise you to seek help from wherever you can. This can include family, friends, or even strangers online.

6. Get a rich mindset.

Having a financial mindset is also important for success. You must look after your expenses and spend frugally. You need to learn the value of money down the road and the sooner you learn it the better. For this, I would suggest to u thoroughly read the books mentioned and also looking at some online videos regarding financial advice

7. Pick yourself upon each fall.

Patience is the key to success. Being patient is always rewarding in the long term. Failures will always touch you. It is up to you to either learn from them or just give up. A swordsmith’s first sword will never be the Excalibur. Failures will surely come down the road. You will lose money. But you need to learn from your mistakes. Focus on why you failed rather than the failure itself. So, you need to grind and hustle as much as you can and surely you will always be rewarded for your hard work.