time you're 18. I'm 15 now.
2006-10-16 13:03:37 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
come up with something original put a business plan together & get investors if you are a minority there are more windows of oppurtunity for u :-)
2006-10-16 13:06:48 · answer #1 · answered by hiphopgrl77 2 · 1⤊ 0⤋
Well good luck with that.
First of all the only way you can ever make a 6 figure income is with hard work but there are ways that you can get some assistance to start.
Since you ar e only 15, you will have to start small. I'm not sure where you live, but in Canada, most provinces have programs to help youths get start up loans for small businesses.
You will need a good idea and a business plan and expect to work hard at it.
As for investing, if you have a part time job, you can invest in savings bonds and contribute say $25.00 per pay. That isn't going to give you a 6 figure income by the time you're 18 but it's a start.
You can also start buying stock whenever you want if you have a few dollars to invest, get in touch with a stock broker and study different businesses to see what you might be interested in.
Good Luck!
2006-10-16 20:09:43 · answer #2 · answered by nellie 3 · 0⤊ 0⤋
The chances of you making 6 figures at 15 or even 18 are very slim. Unless you are super smart this probably will not happen. Most people making this kind of money have college degrees and years of expierance in their fields. However it is possible to make 6 figures by the age of 18, all things are possible. If I were you I would not worry about trying to get 6 figures by 18 I would try to finish school. Go to college. Then worry about increasing your wealth...
2006-10-16 20:09:48 · answer #3 · answered by Chaoticfreedoms 3 · 0⤊ 0⤋
Risk and return are for the most part inversely related. If you invest in risky penny stocks (which might very well go bankrupt) you might get lucky and earn such a return. But you might just as well win the lottery or get struck by lightning too. As for starting your own business, your own dedication and ingenuity are the only barriers. Bottom line - most people don't get rich quick, but you can always hope that you are the lucky one.
2006-10-16 20:09:10 · answer #4 · answered by Barkus109 2 · 0⤊ 0⤋
Hi, well being your young, theres not that much you can do, First of all,, since you dont have much money, you wont be able to invest in an IRA, that would be a good thing, but, since your moneyless, do household chores, raking, lawn work, hec, pet sitting, wash cars.. etc. Keep your chin up, you can achieve this if you put your mind to it, Good Luck!
2006-10-16 20:07:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋
If you are a female--and are good looking, You can go to Vegas, and go to work at the Bunny Ranch!!! I legal prostitution.. THEY MAKE A TON OF MONEY!!! and are taken wonderful care of.... YOU just have to want $$$$$ Money bad enough to DO THAT! I can think of LOTS OF STUFF WORSE!!
2006-10-16 20:08:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can not invest with what you do not have. Get an education as it is the best investment in yourself!
2006-10-16 20:06:58 · answer #7 · answered by tbear 5 · 1⤊ 0⤋
You can't. You're not even an adult. Why don't you think about getting a BA in college and starting from there ;)
2006-10-16 20:05:41 · answer #8 · answered by Anonymous 2 · 0⤊ 0⤋
Ivy League is a good start.
2006-10-17 09:10:03 · answer #9 · answered by Anonymous · 0⤊ 1⤋