Once you are enthusiastic about investing, dreaming of all the money you can make, you can suddenly understand something: you need money to invest!
There are two main ways to collect this money:
- Save Money
- Earn Money
Here’s a bunch of ideas that can help you do both.
The most common way most young people get the money is through an annuity. Not all young people are one, of course, and your parents’ beliefs or economic status may receive little or nothing. According to various surveys, the average allowance for teens is between $18 to $48 a week. If yours is a lot more, maybe try to negotiate a salary increase.
Here are some Methods to Get Money:
Your family. Your parents may pay you for getting good grades in school, or to read a certain number of books, or doing chores at home. You can even earn some money brothers, if you offer to do some of their tasks.
If your closet or basement full of things you no longer need or want, consider selling them. (This may include toys, games, comics, and clothing. To get rid of things you have a penchant for, though, as your old Furby or your lunch bag ten Mutant Ninja Turtles.)
You can hold your neighborhood yard sale. You might even offer to sell decorative items for other people, for a small fee or a percentage of the price. Another option is to sell items online, like on Amazon.
Work! This is perhaps the most obvious way to make money, and often teens land summer jobs full time or part time.
Jobs for Teens
Believe it or not, there is a lot of work, a lot can find or create. You have more options than just working at McDonald’s or babysitter. Here are lots of ideas, few of you might enjoy it.
When someone in your neighborhood go on vacation, have pets often need supervision. Also, with people working longer hours and more these days, some will pay you to visit their pets during the day and take them for a walk.