Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 2 years ago

MODERATORS

communick@indiehackers.space

15 year-old with $1400.. what should I do? (alien.top)

submitted 2 years ago by real-venomrl@alien.top to c/entrepreneur@indiehackers.space

70 comments fedilink hide all child comments

As the title said, I’m 15 years old and have AU$1400 saved up. I no longer have a job and am working on a small business of mine, which has just $300 in revenue in the last few months.

The reason I’m here is because I’m not sure if I should invest in some compounding assets or something else, and if I should educate myself on stocks/dividends before making a decision?

I have read finance books such as Rich Dad Poor Dad, the Warren Buffett Way, and others, so I do know a lot about finance/business considering my age.

I previously had a job as a dishwasher for AU$16 per hour, and so I got $1700 from that after working for 5 months.

If I should ask this on a different r/, please direct me there so I can figure out what I should do :)

you are viewing a single comment's thread
view the rest of the comments

[–] bigtakeoff@alien.top 1 points 2 years ago (1 children)

Do NOT use it to "educate yourself about stocks".... no, no, no...

thats very useless knowledge and you can learn that in your spare time....

use your money to learn new skills....to get ahead and to increase your (near) future earning potential and to fast track your development especially with respect to your peers and classmates....

like here....

https://teamtreehouse.com/ https://www.coursera.org/ https://alison.com/

[–] YourAverageExecutive@alien.top 1 points 2 years ago

Naw. Use university for that. Use this as a foundation for something in your 20s. Save it.