Want to learn about how to become a millionaire at 14? Or about how to become rich fast as a teenager? Check out what to study to become a billionaire. This intention of this website is not only to teach teens how to get rich through investments, but also provide useful information about things like “How to invest in stocks” and other helpful tips on the stock market.
We all get told what to do at school – sometimes it’s useful, other times not so much. For some people, the usual list of things to achieve includes going to university, getting a good job and buying a house. But, what do you need to do if you want to become a billionaire? Here you’ll find out how to be a millionaire at 14 and how to become rich fast as a teenager.
What Does It Take to Become a Billionaire?
After understudying the lives of billionaires such as Aliko Dangote, Bill Gates, John D. Rockefeller, Henry Ford, J. and Paul Getty; I came to a conclusion that it takes nothing special to become a billionaire fast. After all, most of the richest people in the world today were school drop outs. To do it, all you need is a dream, a strong will and a fast plan. Once these three things are in place, the journey has commenced.
“It is my utmost desire to become a billionaire in my life time and also give away millions of dollars. I don’t think any paid employment on earth can help me achieve that dream. If I become a billionaire in my life time, I will just be another self made entrepreneur on the list. But if I don’t; I will die knowing I gave that goal my best shot.” – Ajaero Tony Martins
The truth is that there’s no outlined format, path or pattern to becoming a billionaire. In the book “Rich Dad’s Guide to Investing,” Robert Kiyosaki highlighted that there several ways to become rich. He stated that you can become rich by inheritance, by being a crook or by marrying someone rich.
Well, I see some truth in the statement above. The Walton family today are billionaires; thanks to an inheritance from the founder of Wal-Mart, Sam Walton. There are also billionaire drug lords and ladies; who acquired wealth by crooked means and there are billionaire sports personalities and music stars like Tiger Woods, Jay-Z, Dr Dre, etc.
Now in retrospect, there are those who marry for money; that is why the media is occasionally filled with stories of billion dollar divorce lawsuits.
Financial Literacy
While this one should go without saying, you need to teach your children about the intricacies of money right from the start. From basic principles like interest and public markets, to more advanced topics like holding companies and other asset protection strategies, their financial education should be both broad and deep.
If this isn’t your forte, never fear. People like Thomas J. Stanley, Robert Kiyosaki, Charles Munger, and even Tony Robbins have done an excellent job covering these things thoroughly and intelligently.
Start With a Dream
“I intend to be, the richest man in the world.” – Howard Hughes
“It does not take money to make money.” – Robert Kiyosaki
Becoming a billionaire begins with a dream. One of the free gifts given to us by our creator is the gift of imagination. It costs nothing to dream. Yet, most people don’t dare to dream and those who do, dream small.
“People who dream small dreams continue to live as small people.” – Rich Dad
“Aim for the highest.” – Andrew Carnegie
On several occasions, I have shared my dream to create wealth and be a billionaire with friends and all I got were fingers pointing at me saying; “you must be a joker.” Do statements like that deter me? My answer is no. I still continue to dream big and pursue that dream vigorously. If becoming a billionaire is your lifetime goal; then allow your mind to wander; dream big and shut your ears to critics.
A Love of Learning
I’ve yet to meet a wealthy person who wasn’t well read and intensely curious. While some elements of this may be innate, you can foster a love of learning by introducing your children to new places and ideas (both of which books can easily satisfy), and by answering their questions thoughtfully.
Never resort to answering a question with “just because” when you could make it a teaching opportunity instead. If you can’t answer a question, go search for the answer together. If your children learn that questions are met with answers or the pursuit of answers instead of dead ends, they will be infinitely more likely to remain curious, and curiosity is at the heart of a love of learning.
Warn against instant gratification.
We all know “patience is a virtue,” but that’s especially true when it comes to money. Everything from our groceries to our furniture can be delivered to our homes almost instantly, so it can be frustrating to watch the slow progression of a savings account or investments. Teaching your child how to slow down, wait for what they want, and to anticipate exciting things will be key once they enter the workforce.
Systems Thinking
Very little in life is black and white, and understanding the intricacies of business, society, and life in general is extremely helpful in the pursuit of wealth. Help your children to become strategists, people capable of seeing how all the pieces of the puzzle fit together, because those are the people who tend to achieve the greatest success.
Alexander the Great, Napoleon, Leonardo da Vinci; history remembers strategists for a reason. Introducing your children to chess or brain teasers at an early age can help immensely with this (IQ isn’t set in stone, and can be positively influenced with the right mental training.)
Money Making Ideas That Kids Can Start TODAY!!!
Start a Blog
Starting your own blog can be very lucrative.
There are several ways to monetize a blog. Your potential income depends entirely on how large your audience is. While some bloggers take years to find their niche and build up a following, others can start making some income pretty fast. All it takes is some good content that people want to see.
Ways I make money with my blog
#1 – Affiliate marketing. When someone clicks on one of my links and then buys something. Example: I recommend Bluehost. If you buy hosting through those links, I will get a small commission. Read more about affiliate marketing.
#2 – Ads. There’s not many ads on this site, but I do get paid every time someone clicks on them. You can use Google Adsense or other ad networks.
#3 – Sponsored posts. This is when a company pays for a post to written promoting their business on your site.
The beauty of starting a blog is that there’s no age requirement or rules.
You can write whatever you want whenever you want.
Want to create a blog about your favorite video game?
You’re bound to find an audience. Just be yourself and write about the things you’re passionate about. Once you have a good following you can begin looking at ways to monetize your blog and start raking in the cash.
First thing you need is a domain name
Bluehost are offering a free domain name when you buy hosting from them. Use this handy tool to see if your domain name idea is available!
I absolutely recommend Bluehost to all new bloggers. Their servers are fast, hosting costs only $2.95 per month and you get a FREE domain!
If you want to know more about getting your blog up and running in less than 30 minutes, head over to my How To Start a Blog tutorial.
Take Online Surveys
Online surveys are easy to do. I make on average $350 per month with Survey Junkie.
Many companies have apps that are looking for honest answers to simple questions. The surveys are designed to help advertisers get a better understanding of specific demographics.
While many survey sites are geared towards adults, some are also looking for the opinions of 12-year-old kids and younger. Check out sites like Swagbucks and Survey Junkie to see if you qualify for a survey. If you do, you can get paid in cash, points, or gift cards. Either way, you will be rewarded for your time.
Create a YouTube Channel
YouTube has become so powerful in the last decade that many kids dream of the day that they hit it big on the platform. Like blogging, you can easily make money off your videos with some followers.
You can make some extra cash just talking about things you’re passionate about. Whether you’re into toys, movies, or video games, you can easily become part of a dedicated niche community. You have to be at least 13 years old to create a YouTube account. However, if you get your parents involved, your opportunities may grow even more.
Sell Used Items Online
Who doesn’t have some unwanted stuff lying around? Take a look through your closet and there’s a good chance you’ll find some clothes that don’t fit or toys that you’re not interested in anymore. Instead of wasting all of that valuable space in your home, why not sell that stuff online?
Platforms like eBay are great for getting rid of used products. Just create a listing, set a price, and ship off your items once they’re sold. It’s as easy as that. Just make sure you get your parent’s permission beforehand!
Conclusion:
We all want to be rich. It doesn’t matter whether we fantasize about being a billionaire or just a millionaire. The truth is that a person could give everything he owns to help others and still end up a millionaire. If you’re reading this, then you probably already know the basics on how to make money.