How do I become financially independent on my own?

Question

I feel a strong need to start having something for myself.
I’ve gotten to the point where I no longer want to trust my parents with responsibility with of providing “fringes” for me. As you can tell there was some disagreement , big no argument, but I will open a brand new bank account for the first time in august at college.
Don’t get me wrong, I’m a little saddened by this decision, being that other kids have the luxury of depending on their parents for a lot ( financially, emotionally, etc) but I’ve realized that at 19 I NEED to have my own money. My goal is to raise $ 2,000.50 by the end of my sophomore year at college. That’s a lot for a college student but I need to try. I will have my own job this year. Any idea’s to help me? I eventually want to invest some money in mutual funds and open up my IRA account summer before junior year. Any suggestions?
Is this normal for me…am I just sad or am I somehow subconsciously trying to enforce my independence….I’m a little confused.
Thanks people….

Answer 1

It's a great feeling to do things on your own. My father passed away and after that, I couldn't count on my mom for anything, so I too went out on my own at 17. I am now 19 and own a brand new truck, have my own apartment and all the while managed to stay in school and work. It makes you stronger, trust me. My only suggestion to you would be to remember that you're still a kid. Don't forget to go out and have fun still or else you will miss out on a lot. Try to save a little money in the bank, but be sure to put some aside for entertainment value as well. Best of luck to you :)

Answer 2

rather all there is to that's getting a activity and balancing your expenditures and earnings. Make a itemizing of ways you will divide your value selection (month-to-month cost checklist) and stick to it. in case you are able to no longer have adequate money it, cut back returned on some spending and/or get yet another interest. once you're planing on utilising a mastercard, attempt to stay out of debt till you comprehend you will have adequate money to pay off the interest which will carry jointly and stay away from super purchases (i.e. a sparkling motor vehicle). additionally, do no longer forget approximately to record your taxes.

Answer 3

In college and your getting your first job? Wow- I was bagging groceries at 14 years old!!

Anyway- yes, work, work, work. Do what you like (which hopefully) is what you're majoring in as well. If you're majoring in marketing then try to get a job (even if it's mopping the floors) at a marketing company. You'll pick up TONS of experience.

Slainte,


-D

Answer 4

Hi, I feel sad reading about your situation but you know you appear to be a very mature and wise person to take up responsibilty for yourselve. It is really a satisfaction to be able to attain financial independance believe me. I admire your courage to step up. I have some information at my website http://norhayati.ws See if you find anything that fits your goals ya.

Answer 5

save a lot, not a little. get a high interest savings account. don't invest in anything you don't understand.

if you want to have a lot of money in the future then you have to give up spending money in the present.

if you make 30, 000/yr then save 15, 000.

going to college is like saving, your investing money in your future earnings.

work hard and don't listen to get rich quick plans.

Answer 6

go to , you'll make 2,000 dollars in your first month. I did and I loved all the stuff I learned from him. Just check it out, it's risk free still.