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

submitted 1 year ago by real-venomrl@alien.top to c/entrepreneur@indiehackers.space

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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 :)

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[–] OutsideProcedure3935@alien.top 1 points 1 year ago

lol. he has $1400 and he's 15.

OP learn a high value skill like coding and grow your business.

sell your coding skills if you're not making $100k.

meaning get a job with it.

continue to grow your business on the side til that hits $100k/year.

then work on that full time.

parlay the money you make into building more businesses.

there's always trends happening and you should treat the internet like a market and build/own real estate (apps, websites etc.).

there's some good sources for finding trending businesses you can ride waves on id follow theinformation.com or explodingideas.co etc.

if you do this for 10-15 years you'll 100% be a millionaire.

i got started late tbh but at my first job i met some founders doing this since i was doing deals.

i met some solo entrepreneurs that built app store apps and just own the position in the app store as real estate and they make >$1million a year and only work like 10 hours a week.

build up a risk tolerance and build assets for yourself.

that's the real opportunity.