Young and rich?

Question

Im 21 and ambituious, I want to envest in a company and also into stocks and bonds I just need some direction. I want to begin my own small business and have it grow. How can I go about making my dreams come true?

Answer 1

My husband and I have an online/offline retail business that might work for you. I can't give you details here since it's against the rules of this site but send me an email or check out my profile if you'd like more information.

Answer 2

I started my first business when I was 5 years old, selling avacados on the street in front of my house in California and by the time I was 8 I had actually, unknowingly created a full blown business out of it. My first real, tax id numbers and all that crap, business was created when I was 19. I now own 4 small companies and am in the process of starting 2 more with partners.
I tell you this to give you my qualifications not to brag because there are a lot of people out here giving advice out here that really do not know what they are talking about in business. Kinda like taking a college course in business and while class is going on your proffessors car is being repoed in the parking lot. Books do not build businesses, educated people do.
First thing first, watch out on the stocks and bonds. Most of the successful people I know only invest in stocks with the money they do not care about. I own a lot of stock but it is mostly in my own companies because I have controll of where that stock goes. If you are looking into investing in your future I would highly suggest Forex. Learn about it at http://www.babypips.com
Set up a trial account at http://www.yourforexinvestor.com and see what you think.
As far as setting up your own business I would like to ask you a few questions first and then I could help guide you in the right direction. Send me an e-mail at [e-mail] and we can get you going on the right foot. You are already going the right direction by asking questions. Now associate with those that are where you want to be and you will get there too.
By the way I am 27 now. I will look forward to hearing from you soon if you are serious about begining your own small business soon. Also you will want to go out and pick up a book by Robert Kiyosaki called Rich Dad, Poor Dad.

To Your Success,
Brandon Wells
1-877-773-5345

Answer 3

First, get a job, or a source of steady income. Then, save 10% to 15 % of of your net income. Put this in a separate savings account. Never spend more than your income. Get rid of all credit cards except one, and use that sparingly. Pay cash. Do not try to impress your neighbours, girl friends, siblings or any body else with a new car, or any other thing that costs money. Read all you can about money and investing, attend seminars and symposia, ask questions. Invest in blue chip shares only when the Dow has crashed. It does so rather regularly. Reinvest the dividends. Remain hopeful and upbeat.
Avoid cigarettes and alcohol. If you cannot resist, then put an equal amount of money in your investment account. Be patient. Exercise regularly. You will make it if you persevere. Be patient. Good Luck.

Answer 4

Keep in mind that starting a small business does not mean you'll become rich.

More than half of small business fail after just one year. Less than a quarter last more than three years.

Frankly, you're going to need a college degree. Get a degree in a marketable field, get good grades, and then get a great paying job. Work hard and advance up the ladder.

Do all that along with saving, investing, and spending wisely throughout your life and I guarantee that you'll be a millionaire one day and not have to worry about money.

Answer 5

My recommendation:

1. Learn to be a hundred-aire first
2. Learn to be a thousand-aire second
3. Learn to be a hundred, thousand-aire third
4. Learn to be a millionare fourth

So start by seeing if you can make an extra hundred bucks over what you are making right now then try a thousand. Once you can attract thousands of dollars without a plan meaning you just know how to make it happen when you need to then start a business. You need people around you who know what's happening or at least they think they know. Build a support group of pro's...open your mind to the possibilities and for God sake when you start making money put as much away as you can for a rainy day. Don't ever really trust anyone in business. Let them think you do put keep your guard up. It's all a game. I actually have a lot to say about this.....

Answer 6

How refreshing! I love to hear about young people who are highly motivated, I just know that you will be successful one day!
Email me and I can give you some tips on how to orchestrate your plan.
Best of luck to you!

Answer 7

Do 2 Jobs.

Answer 8

Use your energy. Start small, work hard, never turn down anything. Swallow your pride and kiss feet, if you have to.

Read.

Go to conferences and networking sessions.