how does a 14 year old become a millionaire,or atleast earn a whole lot, before 17?

Question

give real examples, and dont say lottery or robbing a bank, or inheritence.

Answer 1

The only real-world examples that are common are entertainers (the Olsen twins, etc.)

In reality, the only real road to wealth is education. Probably not what you want to hear but getting a good education, investing some money early and letting that money compound over time is the way people get rich.

If you put $1,000 into an IRA from age 20 to 30 and then never invest another dime you'll have $1.5 million when you're 65. What happens though is no one thinks about retirement until they are 45 or so and there's not enough time for the interest to compound. If young people invested early they would all be rich when they got older.

Answer 2

Well most people will tell you get an education first then get a job. Do you know that J. O. B. is another way of staying Just Over Broke (from Zig Zigler) I started later in life wanting the American dream of being a millionaire.
I am currently involved with a company that the products are some of the best for spa quality skin care, weight management (and loss) and nutritional supplements. Prices are reasonable and affordable. If you are interested check out my web page, then contact me if you have any questions.
http://liquidity.myvoffice.com/phxcashmom

Answer 3

First save money. It's so tempting to spend some of what you got.

Invest what money you have in the market. It can make nice returns.

Put in a lot of hard work. If you were cutting 5 lawns a week in a climate that was nice all year charging $30 a lawn would get you $150 a week or 7800 a year for four years saving it all would get you $31,200.

On second thought, unless you can make a record or be a great athlete, you aren't going to.

Answer 4

You wont be able to do it in one giant leap, you need to take small steps.
The very first step is to thoroughly evaluate your PRESENT status!

Everything else goes on from that. And thats why nobody else but YOU can tell what to do.

So take your time and maybe make a list of what you have and what you can do.

Like one of the worlds biggest computer companies started as a garage business with a few guys putting together the first computers there.

Another guy in europe had his dads cutting machine for plastic foils sitting at home and came up with the idea to cut display protection foils for cell phones...he sold them over eBay and became millioniare by the time he was 17.

So get your act together, go through what you have and then think of things you

- especially YOU -

could do with them.

Answer 5

Farrah Gray did it. Check out his book Reallionaire. He became a millionaire at age 14. He was and still is a businessman. He had an idea and he ran with it. Farrah is only 20 right now.

http://www.farrahgrayfoundation.org/


I think that you should also focus on your studies so you will have something to fall back on.

Answer 6

Emmm........Kidnapping for ransom? oh well lets get serious:

Have you tried the stock exchange? Its real complicated but you must work to earn money and a lot of hard work will be required. If you are really serious about earning money than you should go for it and do what ever you can.

Answer 7

Invent something that solves a common problem. The guy who came up with dryer sheets is rolling in the dough right now. Think about the guy who came up with paper clips. Or Toilet paper. It doesn't have to be ground breaking, just useful.

Answer 8

Real Estate, Stock, Mutual funds.

Answer 9

Strive to become a movie star like Macaulay Caulkin.

Answer 10

get a job like bussing tables or babysittting and when u save up a couple hundred dollars put it into stocks or bonds. You r the right age to do this. this is a great way to start