whats the easiest way for a fourteen old to make money$?

Answer 1

Save all the pocket money and use it as capital to start a small investment in growth funds, leave them there till the corpus becomes a thousand dollars, Then put half of it in growth funds and half in treasury bonds or other gilt edge securities, Wait for some time. Meanwhile go on adding more of the pocket money from college days into the growth fund. when this saving reaches five thousand dollars, put hree thousand into the growth fund and shift balance to emerging markets shares or bonds or open ended and listed mutual funds in balanced funds. After this earns an equal amount, shift the treasury investments also to this fund. Let it grow there slowly, all the while continue to invest new money in growth funds. After you reach twentyfive thousand dollars, you will find that you have the key to investing wisely, that is, always keep your investments in a diversified portfolio and never expose all your savings to risks together. Keep a healthy ratio of security to risk at 2:3. This allows some fall back in case of a melt down in the market, but also takes advantage of available opportunities in the market to a reasonable extent. Once you reach a hundred thousand in savings, ask your Bank to take care of the investment, giving them standing instructions that whenever your holdings earn more than twenty percent of the purchase price, the shares should be sold and the proceeds invested separately, the profit should go into gilt edge funds, and the rest should go to promising new shares. Similarly, if the shares start losing, and the price goes below purchase price by ten percent, they may be sold, and the loss made good from the savings fund created out of profits. Thus, always managing the losses from what is gained elsewhere, you will ensure a minimum ten percent and a maximum twenty percent growth. Considering the sluggish Bank rates hovering around three and four percent and the outlook being not so bright, caution is the key word for the world of investment. After you reach half a million, it is time to invest a part of it in your own enterprise and generate incomes above what the market gives you for idle cash. Invest upto fifty percent of the savings, and consider it as a loan to the business and ensure that at least the market returns of the previous year are returned to the savings or market investments.

Good Luck. Let me know when you treach your first million, a hundred million and each further milestone like getting into the Forbes five hundred of the world.I will add my thanks to God!

Answer 2

Your local library will have a number of books on the subject of teens and money. You would be amazed at some of the case studies you'll find about legitimate businesses that were started and run by industrious teens. There's little that a teen cannot do (legal restrictions apply) that an adult can to get a business off the ground. Check out the group, Junior Achievement, for networking ideas in your area. Talk to your school counselor for advice. Interview others to find out what they buy, what they need, and you will eventually find untapped or undertapped markets. It's all about action. Don't wait for your ship to come in ... swim out to meet it.

Answer 3

I bet you play video games? You can collect old video games and sell them. how about collecting old cell phones and reselling them? Try On ebay or get someone to do that for you.....are you really good at a particular game? start a blog about it and forum. Ask around the neighborhood for donations of old books and sell them. You can make a video of almost anything and sell it on ebay. there have been videos sold of plane landings, car kits being assembled, even if you showed a friend beating a video game it would be interesting to someone. You are in a great position now to become a future wealthy entrepreneur..dont let your age stop you at all! Good luck! check out the link below in a week or two it will be live.

Answer 4

legal or illegal???? LOL

Seriously, extra chores, yard work, baby sitting, 14 maybe too young but I know some young kids that used to usher work at the movies, and sporting events.

Put your mind to it, you'll find something, and try to find something you have an interest in, if you like pets then a job in a pet store. You get the idea.

Answer 5

Many older and disabled people would be glad to pay you very well if you were willing to work just carrying things around----cleaning basements and garages------pulling weeds----mowing ------planting tomatoes for them and general help around house and yard-----you can make real good money if you are willing to work

Answer 6

babysitting, mowing lawn, walking dogs, work for a privite owned company some times they hire 14 yr olds good luck

Answer 7

Go to the HS job office...get a work permit....go to your dad and ask him if you can get a summer job at his place in the warehouse....thats what I did.....oh yeah....Im still in the warehouse!

Answer 8

Sell your little brother.

Answer 9

Hm..
- chores
- babysitting