Lets discuss how you can build wealth as a teenager and in your early 20’s, and how you can use that to one day achieve financial independence – enjoy! Add me on Instagram: GPStephan
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FIRST: Read the book Think And Grow Rich + How To Win Friends And Influence People:
The entire premise of this is simple: With the book Think And Grow Rich, it gives you the mental blueprint to achieving ANYTHING you want…and it breaks down EVERYTHING successful people do that makes them successful in the first place, and what they all have in common with one another. Not only that, shows you, step by step, how you can manifest anything around you – through your thoughts, which then leads to action, which then leads to results.
Same applies to the book “How to win friends and influence people,” except this focuses on how you can improve the interpersonal relationships you’ll have in life, and business – and how to get people on your side. Because here’s the reality: if you want to make a LOT of money and build your wealth, in some way or another, you’re going to have to communicate or interact with people.
SECOND: Figure out how to make money
Take some time to learn about different industries, figure out what you want to do, and how you intend to make money. Then, start studying how to do that WITHOUT SPENDING A SINGLE DIME – this part of your journey should be ABSOLUTELY FREE.
THIRD: Get experience doing it
Don’t wait, just start. There is NO BETTER learning experience than literally just going for it – because I’ll tell you, there will NEVER be a point where you’ll feel completely “ready” to do it. Most of the time, you’ll be in your head worrying about whether or not you know enough, or you’ll be doubting if you’re making the right choices or not, or if you should spend your time doing something else…that never goes away.
FOURTH: Learn from someone else
From my experience, usually the BEST education you can get – comes from just working for free, and observing what other people are doing.
FIFTH: Try as many things as possible
I really think that the MORE options you give yourself early on, the BETTER the outcome will be…you’ll be exposed to so much more, you’ll get a wide variety of experiences, and from that – you’ll be better able to chose an option that really works best with you.
SIXTH: Take risk
You could totally afford to lose absolutely everything – and chances are, that’s not that much to begin with, so you’ll be totally fine. Plus, you’ll have your entire life ahead of you to come back from it even stronger.
SEVENTH: Set good financial habits
-ALWAYS save a certain percentage of your income, no matter what.
-ALWAYS live below your means
-Sstart tracking your income and expenses
-stay out of consumer debt, like credit card debt – or any type of debt that costs too much and doesn’t make money
-invest your money consistently, which I’ll mention shortly
Second: Open up a secured credit card and build up your credit score
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Third: Open up a Roth IRA.
This is a retirement account where you can contribute and invest after-tax money, and then all of the profit within that account is COMPLETELY tax free after the age of 59.5. This means that, as a teenager, you can get DECADES of compound interest – completely tax free – and basically be rich as fuck by the time you’re ready to retire.
Fourth, when you invest your money – INVEST LONG TERM.
This means your investment will have more time to recover in the event prices go down, it means you’re less likely to emotionally buy or sell investments with the expectation of profiting and making quick money, and it means you’re likely be more rational with what you do.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
Anyone else feeling messed up with all the bad happening? Glad that VRI TOKEN is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
Interesting talk about VRI TOKEN I suggest anyone to listen to the guy talking about it in the video. Personally I didn't think they would really do that but seems like the launch just happened and there are enough slots available, could be worth huh
I still think VRI TOKEN has a great future because it's owned by VRI . Also I don't hear anyone about DFI? Taking the biggest blow right now. From 5000 euros to 330…. will this still work out in the future? And since BTC will fall even further I think we haven't seen the bottom yet!
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions in bitcoin trading, people shy away from hard times, I embrace them.. well at least VRI TOKEN does lol
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some VRI TOKEN Thanks for keeping us informed during this times of doubt?
I am 16 watching this
Thanks a bunch, Graham! I have the wish to become wealthy. I want to prove extremely educated people who looked down on me that I can achieve wealth without college.
I used to sell chocolates and tattoos in school but then my teacher got it banned.
Dont forget to read rich dad poor dad by Robert Kiyosaki. My high school's library has copies so im sure others probably do too.
This is excellent content, through and through. A similar book I devoured was equally inspiring. "Mastering Money Mindfulness" by Benjamin Hawk
I spent 10$ on the book before he said anything about getting it for free
Learning how to Invest as a teen is the key to building long lasting wealth. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger teaches the principles to their investment success.
I’m 16 ion want to be in my dads situation living paycheck to paycheck and I’m thinking about real estate
I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Admirably profound and eloquent; akin to a book that was profound and eloquent. "Better Sleep Better Life" by William Brook
Now the hard part is actually doing it :>]
First 30 seconds and bro described exactly who I was where I lived and what my dreams were. Like bro you didn't have to expose me that bad
The think and grow rich movie is also really good
The only thing i do not agree with is the roth ira. When im 60, what is the point of having a million dollars on top of all my investments and assests?
I'm 13
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Awesome T rex Skull bye the way!