7 Wealth Generation Methods for Young People

Image
Generational wealth is the ability to pass down financial assets to future generations. It's something that many people dream of, but it's not always easy to achieve. However, if you're in your 20s and you're serious about building generational wealth, there are a few things you can do to get started. Here are seven tips for building generational wealth in your 20s: Set financial goals. The first step to building generational wealth is to set financial goals. What do you want to achieve financially? Do you want to buy a house? Pay off your student loans? Retire early? Once you know what you want, you can start to create a plan to achieve it. Opens in a new window www.investor.gov Create a budget. A budget is a great way to track your income and expenses. It can help you see where your money is going and make adjustments to save more. There are many different budgeting methods, so find one that works for you and stick to it. Opens in a new window mint.intuit.com Live bel

10 Legit Ways To Make Money As a Teenager [In 2020]

 

So Young Fellas, Today I'm going to share with you 10 different ways you can make money that don't necessarily have an age restriction. So you don't need to be 18 or 21 in order to make money with some of these different sources. And I'm not here to sell you anything today. I don't have an online course to sell to you. I hate when people make these videos that their solution for making money for other people is to just tell you their thousand dollar course that they're trying to just pitch you on the entire video. So I'm not doing that today. The only thing I do ask is that you just share it with your friends and leave a comment down below on your thoughts on some other ways to make some money. And if you find the content to be helpful, don't forget to check out other contents in these Blog. So without further ado, let's get into it.

    1) To buy and sell phones.  

They see Apple Krider talking about this. Sometimes it's something that he used to do. And you don't have to necessarily sell these online on places like eBay if you're not able to do that. But you can buy them from your friends, you can buy them from local sources, even from Craigslist, and then flip them and sell them. Now, a way to even boost your profits even more is to repair phone screens. So if you're good at repairing phone screens, it probably has a knack to it. I've never repaired a phone screen, so I can't specifically talk on that too much. But I can tell you that there is money in it and you can certainly make a pretty decent amount of money by buying phones from friends, from family, from other people that you might see on the street, say, hey, I see a broken phone there. You want me to just buy it off of you and then or you can find somebody in public. Maybe you're an ice cream shop and you say, hey, person in front of me in line. I see a broken phone screen. I can fix that for you for forty dollars or whatever your price might be. I'm not sure how much it cost to repair phones, but that's something you could do as well.

    2) Do People's Homework. 

When i was in school, I would have given anything to have someone do my homework. If only I had known that it was possible...There are websites that actually pay you to do homework for other people. The deeper your knowledge is, the higher your chances are to make a decent wage. Moreover, if you are good at subjects such as finances, math, and physics, then you will have a better chance of earning a respectable income. Doing homework for other people can be deemed unethical, especially when completing graded assignments. Make sure answers to homework questions can only be used as a tutoring aid or a reference. here is a list of websites that pay you to do homework for others.

 3) Sell Stuff at School

So I think it's something that people should do if they're looking to make some money, and this is something you could do if you're in school, maybe in middle school, junior or high school. I did this in sixth and seventh grade, selling candy, selling gum, selling other stuff in school, pretty much supplying demand, find what kids want and sell it to them. obviously, make sure everything's legal. Don't be selling anything illegal. But it's pretty easy to do. A lot of kids, they'll get lunch money or they'll have some dollar bills that you can sell them a pack of gum for three dollars that you bought for seventy five cents. That's what I did when I was in sixth grade. I bought and sold it in school because everybody wanted it.

    4) Gather Golf Balls 

If you're into golfing and you live by a local course, you can make some extra bucks collecting balls and reselling them. once you have a good collection, set up a stand outside of the course and start selling. You could also ask your parents to help you get set up selling them online (e.g. on eBay).

   5) To become a video editor for YouTube.  

Now, this is not something you can learn overnight. You can't just decide to be a video editor and next week you're going to be one. It takes a lot of time and skills to really build this up, to be good at editing videos. But if you can build this skill up over time and you can get better at cameras and videography and understanding how to make films, then this is something that you could do. And this is really more and more prevalent that we see YouTube from the thousands of YouTube pictures, hundreds of thousands of YouTube. But the top ones, they never actually edit their own videos. They outsource that work to somebody else and a lot of YouTube who say, I live in Los Angeles actually have video editors somewhere over in Europe. So like the UK to have in London, in Germany sometimes who will edit the videos while the YouTube, ah, sleeps. So they're always getting content. And it's a really interesting concept. But there's more and more room out there for video editors to edit for other creators or even for businesses. You can offer some big services as well, you can expand and make commercials for businesses and way not, obviously, like I said, it's not just a simple thing, we just go out and you say you're going to be a video editor in the next day. You're a video editor. It takes a lot of time, a lot of skill to build it up. So I don't want to underplay it and make it sound like it's easy to do so.

6) Collect Bottles and Cans. 

Every year a bunch of my family members get together and have a family picnic. It's a whole lot of fun and there are always a lot of empty cans and bottles lying around at the end of it all. When I was a kid I would go around and collect everybody's bottles and cans in a big trash bag. Later in the week, I would ask my mom nicely if she could drive me to the bottle depot, where I'd cash in on my bounty. Each can was at least $0.05 each, which isn't a ton, but it definitely added up. If you wanted to do this, you could do what I did and wait for big family gatherings, or you could go around to your neighbors and see if they have any extra bottles and cans you could take.

7) Start a Blog. 

  If you're interested in a particular topic OR you want to learn more about a topic, start a blog about it. By having a blog and writing about a particular topic every day/week, you'll start to become an authority on that topic. You can then make money by teaching people what you know. Some bloggers even make millions of dollars a year because there are so many good ways to monetize a blog. Also, since blogs exist on the internet, they can be make money 24/7, even while you're asleep.

I wish I would have started blogging sooner!

8) Walk Dogs. 

Dog walking is an excellent way to earn some extra cash and get exercise at the same time. If you already know someone who has a dog, try to get them as your first client. once you get some more experience, you could put up posters around your neighborhood advertising your dog walking services. If that's a bit intimidating at first, check out this "Crate Escape" dog walking kit. It'll help you set yourself up for success.

9) To wash windows.  

Now, Let me tell you One of my friend’s stores. He had a window washing company,  started when he was in high school and by washing his family's windows and then his neighbor's windows and the neighbors of neighbors. Now he's making hundreds of thousands of dollars per year by washing windows. He washes windows at Princeton, at hospitals, at senior living homes, many universities in the local area. And he's making a pretty decent amount of money from starting when he was in high school to where he is now. He's in his 40s now, but he's doing very well with this business. So washing windows, I don't want to promote any dangerous activities. So be careful. Obviously, don't be climbing up, dangling from ladders. Twenty five feet in the air. Be very careful with it. But it's something that you can do and it's not hard to get set up with this. Besides buying a ladder, which you don't always need, you can really get a squeegee at Lowes for twelve dollars and then you get some buckets, you get some soap, you get some other towels and whatnot. It's a pretty easy setup, but you just get a squeegee and there's a certain form to it. Certain kind of art form takes maybe a couple of weeks to learn at most each practice on your own window and you can start washing windows for other people and for businesses. That is an option for people.

  10) Learn a Profitable Skill.

I wish I had started learning a profitable skill when I was younger. The earlier you start the better. once you're pretty good at the skill of your choosing, you can start making money from it. If it's a good skill, you can make A LOT.

Here are some profitable skills to look into:

  • Freelance writing/Copywriting

  • Selling/Closing

  • Social media management

  • Digital marketing

  • Coding

  • Bookkeeping

A lot of these skills can be learned online for free, so start Googling!

Conclusion:-

    You've got your entire life ahead of you so you have time to test out different things. Doing this will give you an idea of what you might want to do for the rest of your life. + you may really enjoy something on this list that you thought you would've hated. Or you may be really good at something you thought you would have sucked at.So, what're you waiting for? Go back to the top of this list and get started!




Comments

Popular posts from this blog

7 Wealth Generation Methods for Young People

150+ Best Affiliate Programs of 2020 to Make Money (High Paying for Beginners)

Jordan Belfort's Selling Script + 8 Other Samples [Sell Anything To Anyone 2020]