I m 17 years old and have a good bit of money. More than any of my friends have. Not quite 10 grand, but im up there. How can I use this money at my age to make even more and get ahead of everyone else? Theres only so many opportunities for a young guy
The most important thing is avoiding taxes . Taxes will take away your only hope of creating wealth . I would get your parents to put the money in a 528 college fund that grows tax free . If you aren t planning to go to college , then you probably should visit an investment adviser such as Edward Jones .
Perform household services. You can earn some money informally by letting friends, family, church members and others in your community know that you re available to clean their houses or apartments, or to take in ironing. If you find you have a knack and stamina for cleaning quickly and thoroughly, you can turn this into a regular, reliable way to earn extra money every month.
Since you are not 18, you don t have many options without your parents permission. I would advice to stay away with the stock market as of right now since you generally need at least $10,000 to properly diversify. With that small amount of money, it is probably best to invest in CD s or money markets until you can get your hands on some real cash.
You can own a small business selling closes, shoes something is convenient to sell and carried. But not a store. You can sell it to students, you know it is a quite big market, and these kinds of products are less cost. By the way, you can buy these products from China and I am sure the good quality and lowest price. I am sure.Best Regards,Jessica
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Stay out of debt. Plan maybe to start a small business.Have a plan and a goal the stretch s out at least five years and work on that one day at a time.
easy answer; with your parent s permission;visit a CPA that deals with venture capitists or entrepreneurswith VC needs.invest in 2-3 small biz s local to youI will guide you........free
sure - get into loan sharking or gun runningnot being 18, there is only so much you are allowed to do-to invest anywhere, you would need a parent s help to open any kind of investment acct