BEST Income Ideas For TEENS | How I Turned $500 Into $500,000

BEST Income Ideas For TEENS | How I Turned $500 Into $500,000

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The first money making method I used as a teenager was…brace yourself for this one…getting a job. This is not the most glamorous thing in the world but beyond the financial compensation that you can get from a teenage job, more importantly it's going to teach you the value of money and again I know I sound like a total parent but trust me that will serve you well going forward and later in your life when you start to make a lot more money you'll really appreciate it because you'll remember the days when you made just a few dollars per hour.

The second option is where we're going to lump all of the token money making strategies for teenagers and that would be starting a side hustle. There are a million options here but you could start walking dogs, babysitting, washing cars, cleaning houses, working as a referee or a lifeguard, delivering groceries or door dash depending on how old you are, teaching music lessons or tutoring, some kind of online freelancing, and of course the most cliche money making method as a teenager mowing lawns.

The third strategy sounds really fancy at first but I promise it's not that complicated and that would be social media marketing. Again this sounds really fancy like a proper adult business but the fact is, a lot of the businesses in your area are likely owned by older individuals who may not be as social media savvy as the younger generation. If you are familiar with how social media algorithms work and you understand how to create content or navigate social media platforms then you can reach out to local businesses and offer this social media knowledge as a service.

This next strategy is by far the most simple and will provide the highest return despite the fact that it sounds kind of boring but that would be saving and investing in you. Let me explain…if you're a teenager watching this then chances are you've asked yourself the question at some point, should I go to college and that question has become increasingly difficult to answer within the past few years.

It's time to talk about the money making method I used to turn $500 into $500,000 and a lot of you probably already figured out what this is but that would be YouTube. Now let's preface this with a few things. Number one yes I legitimately spent a few $100 on a YouTube course, a tripod for my phone, and a ring light all for under $500 and after years and years of work this channel surpassed $500,000 in top line revenue. However taxes are a thing so Uncle Sam gets about half of that and the cameras that I now record with cost more than my first car so while running a YouTube channel absolutely can be a very low cost and lucrative business, it can also be a lot more complex than your average viewer probably thinks.

0:00-Income Ideas For TEENS
0:36-Get a Job!
1:51-Start a Side Hustle
3:24-Social Media Marketing
5:28-Investing in YOURSELF
7:26-YouTube

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