I'm 14, and I want to learn how to become financially independant and how to spend wisely?

Question

How can I do it?

Answer 1

Your on the right track just asking this question. First buy what you need not what you want and save your money it takes years to become financially independant as you get older you can invest in real estate. There is no short cuts. Good luck it sounds like you have a good head on your shoulders. Keep up the good thinking and it will come.

Answer 2

Step 1. Write your income for THIS month at the top of a sheet of paper.
Step 2. List EVERYTHING you will do with that money and keep a running total.
If the number at the bottom of the page is anything other than -0-, your budget needs fixed.
Step 3. You can't spend ANT money unless it is on that paper.
If you need to make any changes, you MUST physically rewrite the budget BEFORE you spend anything else.

If you can live by those rules (I'm still learning), you will NEVER have financial problems.

Answer 3

Regularly read the articles at the world's leading Financial Education website The Motley Fool
US original - http://www.fool.com
UK - http://www.fool.co.uk

The best part is, the articles aren't tediously boring like most other financial resources + include the best advice you'll ever find anywhere.

To get started, I suggest the articles / sections:
ABOUT FOOL.com
http://www.fool.com/Press/History.htm

Teens & their money
http://www.fool.com/teens/teens.htm

Banking
http://www.fool.com/money/banking/banking.htm

13 Steps to investing Foolishly
http://www.fool.com/school/13steps/13steps.htm

Answer 4

You are like the most education hungry person I know, you should just skip high school and go to college. Seriously!

Answer 5

Get the book "the Wealthy Barber" and read it. You can also look at Dave Ramsey's website. He has several books for kids and adults.

You can buy them or check them out from your librariy.

www.dave.ramsey.com