8 Financial Lessons for teens to set up for their future success

 1. Create a Budget

2. Save 15-20% of your paycheck every month

3. When your income goes Up keep your spending the same

4. Live Below Your means

5. Start Investing

6. Set Goals

7. Keep A No Spend Day

8. Have A Side Hustle 

Comments

Post a Comment

Popular posts from this blog

How to Get Rich In high School

 While Going through Blog Posts, Reddit Posts and practically The whole Internet. Here is what our team found on the most common ways people got rich in high school or after graduating high school.  1. Real Estate. Some People using their savings and money bought real estate properties and renovated them and sold them for a higher cost so thereby making profit. 2. Day Trading. This is one of the fastest way to get rich so day trading means buying and selling stocks to make a quick profit throughout the day wit the intention of the price fluctuations.  3. Working Multiple Jobs and Saving Money to make invest in the stock market or in general investing. 4. Starting a Profitable Business. There is nothing more to it. It is one of the most well known and proven methods to get rich. 5. Starting a YouTube Channel.  6. Developing An App.
Read more

How To Use Your Pocket Money Wisely

 1. Investing In stocks using apps like robinhood and etc if your under 18 investing through a custodial account. Rather than investing in individual stocks and cryptos what is recommended is investing in mutual funds and S&P 500. 2. Using the Money to fund your business. 3. Opening a savings account and putting the money in it. 4. Saving for college. 5. Buying Quality tech for school
Read more

10 Lessons to Learn From Graham Stephan For Teens To Build Wealth

 If you Don't know Graham Stephan is a youtuber that makes videos related to finance like how to invest and make great wealth or Videos about stocks and Best investments to make to build wealth. Using his experience on succeeding to become a millionaire at the age of 26. He shares those experiences on his YouTube channel. So these are the 15 lessons Graham Stephan gives to teens for building wealth.  1. Get a Credit Card 2. Setup a Bank Account 3. Get a Roth IRA aka a retirement account  4.  Stay out of consumer debt 5. Get a job 6. Live below your means 7. Don't go to college just to go to college. So go to uni for a purpose 8.Invest consistently in a low cost index funds which have proven to make a great return and are low cost   9. Set good financial habits like always save a certain percentage of your income, no matter what. ALWAYS live below your means  Start tracking your income and expenses -stay out of consumer debt, like credit card debt - or ...
Read more