How to Become a Rich Teenager?

Last Revised on August 17, 2011

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If you are wondering if you can become a rich without a college education and degree, you have come to the right place to get answer. There are many teenagers who either dropped out of college or did not attended any since they became busy making money. This takes us to our topic how can a teen become rich? There are actually many ways, here are

Top Things All Rich Self Made Millionaire Teens Have in Common

Hard work and doing things what you like. Now a days we live in world where anything is possible – people making six figure income by uploading videos on YouTube. If you are a teenager and wants to become rich, you have to follow your interest and hobbies to make it a career. If you don’t like what you are doing, you will probably never be happy nor will you become wealthy anytime soon. Go after your passion.

Support and encouragement from your family and friends. This is probably the most important requirement for any kids to become rich when they are young. It doesn’t matter much how great of an idea teens have; but if their parents and siblings doesn’t provide help and necessary resources such as financial support to develop ideas into cool products and services, it won’t lead anywhere to millionaire.

You have to start small. It means teenagers can think big but can’t become an overnight rich; this is because they have to start by taking small steps. As a kid they don’t have enough experience to stand back up if their business fall down. This is why many self made rich kids started earning small sum of money doing simple things such doing car wash or selling newspaper door to door. As time went buy, they were able to hone their skills to manage bigger tasks.

Be willing to make sacrifices. Many people, including both teens and some adults, consider young age as the time for enjoying life, going after entertainment and having fun. But if you want to become a rich teen, you have to think differently – you have to look at your young age as an advantage over others to make money. You can start young, and become rich young. Put hard work over having fun all the time.

Accept reality and be humble. Ok you may be smart, but what does that really mean? You have to be able to accept reality and be honest to yourself. As a kid if you always disliked something, as a teenager you may keep disliking it. You have to know strengths and weaknesses, and then take steps accordingly. Although his is against conventional wisdom, if people told you that you are not good at something, you shouldn’t take it personally; it maybe that you are too young to realize and face the truth. Instead focus on doing things that are built upon your strengths. That’s a sure way to success.

Do well in school. Trust people when they say this to you. Education is not only the best way for a teenager become rich but also achieve successes in various aspects of life. Even if you don’t become rich young when you were a teenager but you will have a good job with high earning salaries or wages when you graduate from college earlier than many student.

Be persistent. Most kids aren’t mature enough to keep their mind focused on one thing. But if you keep yourself persistent to achieve your goals, nobody can stop you. One of the best tips is to surround yourself with teenagers who are motivated like you; use social networking sites to befriend them. That way you will get a moral boost sometimes when you fail during the process.

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12 Responses to “How to Become a Rich Teenager?”

  1. a Kid with high IQ Says:
    November 6th, 2010 at 4:30 pm

    They key thing that will guarantee success during childhood will depend on two main factors of nature versus nurture. The environment the child grows up in and how the parents provide guidance. In my opinion both of them are very crucial and need to be balanced.

  2. Next Self Made Millionaire Teen Says:
    November 15th, 2010 at 11:13 pm

    There are lots of teenagers who are making six figure income online. Most of them will be a millionaire by the time they reach their 30s. One thing they all have in common is that they pursued what the liked and became rich as a result. A best advice any parents can give to their teen kids is to follow their dreams, even if it is doing a car wash. Possibilities are endless.

  3. secrets of a millionaire Says:
    November 20th, 2010 at 6:48 pm

    Most important trait of teenage millionaire or billionaire is their enthusiasm. Once you have that, no matter how many setbacks you face you keep working hard. Eventually you will be rich, sooner than most people your own age.

  4. derrick burns Says:
    November 22nd, 2010 at 3:17 pm

    im only 18 can i really become rich? i want to find some kind of sense of direction in my life on how to become rich.

  5. vijay bhagariya Says:
    February 9th, 2011 at 9:32 pm

    i don’t think that there is any importance of education for those who want to be rich.you can take DHIRUBHAI AMBANI as an example of it and in countries like INDIA education suppress their willings to be rich.i like the suggestion of (sacrifice).the common thing in all the poor born rich people

  6. expresser Says:
    July 18th, 2011 at 9:05 am

    Hey @vijay with all due respect I totally disagree with you school is one of the most important key items to become successful. many people are loosing their jobs and now the economy is shot so companies are not hirering. The people with the education and degrees will most definatly get the jobs.

  7. Making more than 2k a month Says:
    August 17th, 2011 at 9:58 am

    I don’t know if I will call myself a rich teenager, I am just out of high school and started college not long ago. Now I make few grands every month and for what I can tell seems like I will be multiplying my income every month. To become a rich kid, you need to have at least one of these on your side:
    -Smart: learn things fast. Be able to imitate as well as duplicate success.
    -Rich parents: if you come from rich family, you have all the money at your disposal to start a money-making business. You can claim to make it on your won, but you did use your parent’s money to start. But who cares, as long as you are the rich kid.
    -Hardwork: never doubt people who say hardwork is a must if you want to become rich quickly.
    -Enthusiasm: do what interests you the most, and money will come.
    -Luck: can’t deny some kids just got lucky and are now millionaires.

  8. Loki sagar Says:
    October 17th, 2011 at 2:23 am

    hi. . . I am the person with great desire to become a successful business man. . Right now ,what type of business can be survived a long time. .(without taking field of interest into account )and i am hard worker. . Pls assist me.

  9. Virie Says:
    July 5th, 2012 at 6:30 am

    I hav a small job.n my family cant support me.i cant do education.im only 11 pass n 17 years old.do u hav any suggestions.

  10. clark Says:
    August 31st, 2012 at 12:15 pm

    nope just stay in school get get an edcation this will help u out later on in life. then think about getting a job or maybe a small little job on the weekend.

  11. Just me Says:
    September 6th, 2012 at 11:59 am

    In life there are two things involve, which are; to be poor and to be rich. Which are you in for? Definately all will say RICH! Then do all it takes to be rich. Forget about too much leisure and satisfaction. Always remember to make good use of TIME. I bet u, if u stick to my sayings you won’t regret it in future.

  12. Dizzy Says:
    December 25th, 2012 at 5:08 pm

    To become rich is not as easy Bil Gates makes it look. Even the richest men on the planet started from somewhere, it takes perseverance and hard work to strive to the top and also a fast thinking brain.

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