How To Become a Millionaire as a Teenager (step by step)

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In March 2011, the 16-year-old Nick D'Aloisio launched an app called Summly that turned long news articles into short, easy to read summaries. The app instantly received over 100K downloads and attracted venture capital investments. Less than two years later, the app was acquired by Yahoo for 30 million dollars making Nick D'Aloisio a millionaire before hitting 18.
But not everyone gets such an opportunity to become so rich at such a young age. However, that doesn't mean there is nothing you can do. In fact, if you make a few right financial decisions when you are still a teenager, you are almost certainly going to become wealthy in your late 20s or maybe 30s.
While it's difficult to imagine yourself hitting 30 when you are just 15 years old, trust me, it's going to happen much sooner than you think, and building wealth later is much more difficult. Because now you don't have all of these expenses that adults usually have, such as paying rent, buying groceries, and so on.
The moment you step into a life where you have to pay the rent and feed yourself, there is no going back. You will automatically have fixed expenses that you cant get rid of.
By the way, I have a confession to make when I was like 15 years old. I had no idea what the stock market is. I have heard about it in the news, I have heard people talking about it, but I literally had no idea what is it and how does it work. So if you are watching this video as a teenager, I am jealous. I wish I was smart enough to learn about investing when I was 15 years old.
To make this video, I asked myself, what are the things I wish I knew when I was a teenager? What are the different financial decisions I would have taken? How would I start building wealth if I would be 14,15 or 16 years old?
If you are a teenager watching this video, this is probably going to be one of the most important things you will learn, even if you are slightly elder. I am sure this information can help you as well.

#investing #Stockmarket #money

Видео How To Become a Millionaire as a Teenager (step by step) канала Proactive Thinker