How to Become Rich Fast as a Teenager – In this article, I will teach you two methods on how to get rich as a teenager. While I agree that starting early gets you a lot of advantage, it is not impossible for a late starter to get rich too, so do not feel discouraged if you have just turned 18 or have just entered high school. You can still become a millionaire from these methods.
“How to become rich as a teenager is the question on everyones lips how is it possible to get rich when you are in your late teens. For most people it is near impossible but thankfully there is ways to do so and i will be outlining what they are in this article.
If you want to get rich in your teeneage age, then stay glued to this article and follow up each steps.
Table of Contents
Take Surveys
Survey sites definitely get a bad rap, but they’re not all scams. In fact, there are still a lot of legit survey sites out there, you just have to know where to find them.
Note: You won’t make a lot from taking surveys, but it’s easy money. You can fill out surveys while watching Netflix, lying in bed, or even while you’re pooping. This makes it one of the best ways for teens to make money online.
Here are 8 of the best survey sites that allow teens to sign up (age limit is listed beside site name):
- Swagbucks (13 years old and up) – One of the most well-known and trusted survey sites around. They’ve paid out over $330 million to their users since they started.
- Treasure Trooper (13 years old and up) – This site has a cartoony and fun look, and they’ll pay you for answering questions, playing games, and more. (Full Treasure Trooper Review).
- VIP Voice (13+ USA) (18+ CA) – Earn points that can be used to enter sweepstakes.
- Toluna (16+) – Earn money with tons of different surveys, and a refer-a-friend program. (Full Toluna Review)
- MyPoints (13+) – Earn money taking surveys, watching videos, reading emails, and more!
- Survey Junkie (13+) – Short, simple surveys that pay well.
- E-Poll (13+) – Founded in 1997, E-Poll has surveys about celebrities, sports, and entertainment.
How to make your survey taking more efficient (to make more money):
- Create a separate email to sign up to survey sites (I use a separate Gmail account) – This way your primary email account won’t get filled up with survey offers, and you’ll be able to see all your surveys in one place.
- Sign up for all the sites above – This way you’ll have more surveys to choose from, which means better earnings and less time wasted.
- Set a survey-taking schedule – By scheduling a certain time to take surveys (e.g. in the morning with breakfast), you won’t miss any good opportunities and you’ll be more efficient.
- Refer your friends – I’m sure you’ve got friends who’d like to earn some extra cash as well. Some of the survey sites above have friend referral programs that you can make some good coin with.
Get Paid to Search the Web and Play Games
Swagbucks has been around for ages and they’ll pay you for doing things you’re probably already doing every day. Things like:https://69cf9008861703d1d67795de52af96fe.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
- Playing games
- Watching videos
- Searching the web; and more
Swagbucks has already paid out over 300 million dollars to its users in the form of PayPal cash, gift cards, and other rewards options. Get your piece of the pie! You just have to be 13 years old or older to sign up.
If you’d like to learn more, read my full Swagbucks review and earning guide or sign up here.
Earning A Large Amount of Money
Set your goals and discover your motivations. Before you do anything else, realize that the road to riches is not easy. You’re going to have to stay motivated through the tough times and keep yourself on track when everything tries to pull you off it. Part of this may be simply imagining your goals or, in other words, where you want to be in ten or twenty years or at age 40.
While it’s perfectly acceptable to get rich for yourself, you may also be motivated by what you could do for others. Imagine the better life you could give your future children or spouse.
Don’t be afraid to dream big. If you’re working towards earning $1 million in net worth, for example, you may be limiting yourself. Don’t be afraid to aim for $20 million, or $100 million.
Consider, too, what wealth means to you. Do you want $1 million (or more) in annual earnings, $1 million in assets, or $1 million in net worth? Each of these are different and can be reached by different means.
Split your goals into short-term goals. It’s important to always keep your overarching motivation, but in order to actually get things done, you’ll need to organize your life around actionable, short-term goals. You’ll never get to $1 million if you don’t get to $100,000 first. You’ll never get there if you don’t start earning more money and saving the money that you do earn. Always be checking off short-term goals and considering your next move to maintain a sense of accomplishment.
A good way to make short-term goals more actionable is to attach a number to them. For example, imagine you have a job in sales. “Sell more products” is not a clear short-term goal. Instead, try “sell 20% more products this month than last month.” This will allow you to track your progress and be confident that you are actually achieving your goals.
Study the lives of successful people. People who have achieved great things have done so for a reason. Studying the lives of these people, or meeting them, can provide you with the inspiration you need to pursue your own goals. You’ll want to research people like Mark Zuckerberg, founder of Facebook, or Mark Cuban, a very successful investor, to get an idea how these people achieved so much.
Additionally, you should seek the advice of a successful person that you know personally. Maybe you have a family member or know a community member who has done well in business. Generally, those people who’ve made it are open about how they got there and willing to share their experiences and advice with others. Question them extensively and try to replicate their actions.
Work towards getting a great job. If you don’t have a job with a future, get one. The most essential part of getting rich is having a steady and increasing income stream. To do this, you’ll have to get a job, even if that job is working for yourself. Obviously the right job will vary from person to person and depend on your individual talents and educational background. In any case, though, be sure that you’re passionate about what you do, you’ll never be successful otherwise.
Try looking for a job with a large company that offers plenty of room for advancement. You don’t want the sort of job that doesn’t reward your hard work with increased pay and promotions.
For more information about finding your dream job, see How to Find Your Dream Career.
5Use your talents. Tailor your search for your main job and any other income streams you plan to earn to your individual talents. People who are extraordinarily successful combine their natural and learned abilities to the highest advantage. That is, you don’t want to stay in a job that doesn’t challenge you or allow you to show off your abilities. For example, if what you’re really good at is writing, you’re better off quitting your sales job and focusing on writing full-time.
One of the biggest advantages of being young is youth itself. Even though older people in the business will question you because of your lack of experience, you are able to work longer hours and can bring a fresh mindset or point of view to the problems of the world. Your adaptability and connection with the present is one of your biggest assets as a young entrepreneur.
If you don’t have any marketable skills, learn one. For example, one of the most desirable and useful skills in today’s job market is knowing how to write computer code. This is a skill that anyone can learn that could dramatically increase your potential and also earn you a good income. Try searching for free coding classes available online.
Network with anyone and everyone. Big ideas and successful companies usually don’t just spring up from one person. Rather, they’re the result of a group of like-minded people coming together and discussing the future. Take advantage of every opportunity to meet and establish relationships with both young people with similar goals and older, successful people. When great opportunities for jobs or entrepreneurial projects come along, you’ll have the right support network to take action.
Keep in mind that you should use both in-person and social networking interactions to support and nurture your professional relationships. Be sure to also stay in touch with classmates from high school or college that are successful or on their way to being successful.
Increase your income streams. In addition to increasing your primary income stream (by moving up the ladder your current job or by finding a new one), you’ll want to multiply your earnings by seeking additional sources of income. These can be investments, part-time jobs, or any sort of informal selling or consulting that you have time to do. Overall, see where and how you can increase your income and then repeat that process over and over again.[9] For example, if you own an online store and have success, open another one, and then another one.
The internet is a goldmine of earning potential. There is a multitude of work you can find or create online to earn a stream of income on the side. Everything from writing and selling an ebook to writing a blog can earn you additional income each month.[10] For more information, see how to make money online.
Work really hard. With all of your working, networking, and side-income projects, you’ll be overwhelmed at times. In order to reach your goals though, you’ll have to work harder and later than everyone else around you. You’ll have to follow through with any potential opportunities to advance, even if they don’t end up working out. Success comes from constantly working towards your goals and persevering through the hard times.
Part2Choosing a High-Paying Job
Be an entrepreneur. This is the dream, the holy grail, for all young, aspiring millionaires and billionaires. Owning and then subsequently growing and selling a successful business is without a doubt the fastest way to earn spectacular wealth at a young age. This is how almost all the world’s wealthiest young people made their money (excluding inherited wealth). However, actually becoming an entrepreneur requires balancing your massive earning potential with a huge amount of risk, lots of hard work, and the chance that even if you do it all right, you might still fail.
Some of the pros of becoming an entrepreneur at a young age include unlimited earning potential, being your own boss, and, quite literally, the ability to change the world (think about how Zuckerberg’s founding Facebook has changed your world). Also, as a young person, you bring new ways of thinking and tremendous energy that can give you an edge over older professionals.
On the flip side, when becoming an entrepreneur you have to realize that 9 out of 10 businesses fail within five years. You’re also likely too young to have any knowledge of the “little things” involved in running a business, like bookkeeping and taxation, leaving you to learn them quickly or sink trying. And, more than any other path, starting your own company will be incredibly hard work, combining a lack of direction with long hours and doubtful paychecks.
For more, see how to become an entrepreneur.
Conclusion
No matter if you want to become rich as a teenager, there are simple methods you can employ to achieve your goals. You can do something today to reach your goals if they relate to being rich as a teenager.