Wednesday, April 15, 2020

How To Make Money - A Guide For Teens - Money Under 30

How To Make Money - A Guide For Teens - Money Under 30 How To Make Money - A Guide For Teens This article is part of a series  teaching essential personal finance concepts to teenagers. At Money Under 30, we believe that its never too early to become financially responsible;  we hope this series will be a good place to start. As a teenager, you have to deal with your fair share of pressure. School demands, extracurricular activities, and more. The million-dollar question is how the heck you are supposed to find time to make any money. And I get it completely no young person wants to beg for money from  their parents all the time. Whether it’s a basic job at the mall, something part-time, or starting your own business, there are countless ways to make money if youre a teenager. Here are a few of them. Working odd jobs There are some odd jobs or tasks you can do to make a quick buck. There are many people out there, including your neighbors and family members, who just don’t have the money or time to take care of things around their homes. Any help they can get, theyll take. Babysitting One thing you can do, if you love children, is babysitting. Just think of it as if you’re hanging out with your little brother or sister, except you get paid for it. On the contrary, if you’ve never been around children, ask for a probationary period, where the parent supervises you and makes sure youre on track. This is a job you have to take seriously, though. Care.com and its legion of caregiving experts advise, that while it can be a fun job, it’s a young life that’s you are hanging on to. Once you know the basics though, it’s like taking candy from a baby (don’t do that for real though). Mowing the lawn and shoveling snow Other odd jobs you could consider including mowing someone’s lawn or shoveling snow. You can even stay in your own home and ask your parents if you can do more chores for a fee. Taking care of pets You can also take care of someone’s pet, wash their cars, or any other small jobs that full-time working people just don’t have enough  time to do. Helping the neighborhood There are also apps like TaskRabbit that could connect you with people in your neighborhood who need help. TaskRabbit employs “taskers” who make themselves available to help out with odd jobs around the area. It could be as simple as setting up someone’s computer, installing a DVD player, or putting together furniture. Making money through social media If you’re a social media expert who is always in tune with the latest trends, why not put that interest to use and make money off it? Social media is an excellent place to start if you want to make some quick cash. While watching your favorite cartoon, comedies or vlogs on YouTube, do you ever wonder how possible it is to make money on YouTube?  Folks like Stephanie Leger  prove that if your content is engaging enough and if you talk about topics people care about, YouTube can be a good revenue source. You can also become a social media consultant, offering your services to smaller businesses to help them gain followers. If youre familiar enough with social media outlets and advertising mediums, you can translate your knowledge into cash. This 12-step guide to becoming a social media consultant should give you a clearer idea of what it takes. Becoming YouTube famous Another way to earn money is if you know how to do something that you think other people want to learn how to do, and then record yourself. This is a huge industry now for folks who are not camera shy. If you want to become a Youtube partner (this is a great guide),  you have to be18 years or older, have at least 10,000-lifetime views, and also live in an eligible country. Other online jobs There are countless ways to make money onlinewcrzbzuuucfyaesazcdbewweafcddbtywbc these days. For example, starting your own blog(s) can be a good income maker with the help of advertising or sponsorship. They work as long as you can make the content appealing and utilize social media to your advantage. Virtual Assistant If you’re not that good a writer but are more of a social media expert, you can be a virtual assistant for a blogger. You can edit their posts, manage their social media accounts, do graphics work and much more. As a professional blogger, Amy Lynn Andrews details, being a virtual assistant. Online Tutoring You can also help out some of your friends by offering online tutoring on particular subjects via Tutor.com, Enroll.com, and other websites. Furthermore, you could make money designing sites if you’re a wiz with graphics. Taking surveys online Also, you can do online surveys for reliable sites such as Swagbucks  and get cash back at over 1500 retailers including Starbucks, Target, and Amazon.   I love the fact that you can watch videos and earn free gift cards. Its something you can do from the comfort of your home. Another great option for making money online is shopping through an online portal that earns you rewards. For example, when you shop through MyPoints, youll earn points from common retailers such as Walmart, Amazon, Target, Old Navy, Best Buythe list goes on. You can then redeem those points for gift cards or deposits to your PayPal account. And MyPoints is offering a free $10 bonus now if you sign up now. Very sweet! Selling pictures youve taken Other online jobs you can look at include selling stock photos. If youve got a knack at taking photos and you also know how to set up a shot, you can totally earn some extra bucks by selling your photos with companies like Shutterstock. Alamy   Photoshelter Be a salesperson Do you have clothes you no longer wear, games you no longer play, or stuff you never really used? Instead of throwing them away, flip those items for profit. You never know who is in need of something that you otherwise found inconsequential. Garage Sale There’s the old-fashioned garage sale, where you lay out all your old stuff around the house and advertise them around your neighborhood. You can also sell refreshments or snacks on the side in case people are hungry or thirsty while they look around. Sell Online You can also sell some of your quality used goods on eBay, Amazon, Etsy, and other online retail stores. Make sure to take good photos of what you’re selling and ensure it’s in proper condition. As The Guardian chronicled in 2017, there are young entrepreneurial minds like you who have made thousands of dollars just from this practice. Recycle One man’s trash can literally be your treasure. You can make money recycling aluminum cans or glass bottles you find on the sidewalk. Or flip any scrap metal you found lying somewhere. Companies such as Terracycle will also pay for your trash if you’re looking to send items you don’t want to charitable organizations. You can also make a profit from selling any gift cards you received for a special achievement or holiday through outlets such as Cardpool. Invest your money Money that you invest  earlier in your life is definitely  proven to be super beneficial to your goals in later years. Having your parents start a custodial investment account on your behalf could benefit you in the long run. This money will grow over time as a result of compound interest. As Teen Vogue cited with stock market expert, Rachel Fox, these investments require patience as the market has its ebbs and flows. One amazing way to start investing with your spare change you just need $5 is with Acorns award-winning  micro-savings and micro-investing app. Its free for college students or costs just $1/month if you have less than $5,000. How to make your money grow And if you want to dig deeper to understand how to invest what that really means, how to do it, I highly recommend an article we published here at Money Under 30: How To Invest: The Smart Way To Make Your Money Grow. Why do I recommend it? Because its everything you need to know to get started and it will help push you to just start. I know its hard. One other tool I love: this  investment calculator  shows you point-blank everything you need to know about how much your investments will earn depending on how much you put in. This calculator can really push you to get you moving on the investment front. Trust me on this one. If youve been delaying, start today, IMHO. Its worth every minute of your time. Summary There are so many ways to make money as a teenager. Some of these jobs might not sound appealing and don’t make lots of money overnight, but they teach you lasting lessons about focus, determination, and wealth management. Use what you have to your advantage, use the benefits of the internet and social to get your name and skills out there, and invest wisely. Essentially, try anything. So what are you waiting for? Get to it! Read more about finances for teens Banking 101A Guide For Teenagers (And Anyone Who Needs A Refresher) Budgeting For TeensGrow Your Money While Youre Young How Teens Can Save Money How To Spend Money WiselyA Guide For Teens 7 Tips On Saving For College As A Teen The 8 Most Important Employee Rights Teens Should Know Credit Card Basics 6 Money Lessons Our Parents Learned In School, But We Didn’t

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