How To Build Wealth In Your Teens (And Early 20s)

Let’s Discuss How To Build Wealth In Your Teens And Early 20s. These are the 4 steps you need to take to make money, build wealth, and achieve financial freedom as a teenager.

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1. Build a solid foundation
It is extremely important to start building your foundation when you’re young to build wealth. And when I say foundation I mean good habits and characteristics. You see Money comes and goes, but if you have a solid foundation you’ll always be able to get it back.

Some good overall life habits are
– Reading
– Exercising
– Goal setting
– Speaking life into yourself

Some good money and wealth building habits are
– Live below your means
– Track your expenses
– Invest more than you save

I also want to add to have fun, yes you want to build well but it’s important to be a teenager and do some wild things sometimes because you’ll never get them years back.

2. Learn and try as many things as possible

When you’re a teenager you’re fresh and ready to learn but you most likely have no clue what you want to do with your life yet. So I encourage you to try out as many things as possible. literally. Try painting, singing, dancing, selling shirts, selling shoes, vending machines, there’s thousands of different avenues of life you just have to try out new things and see which one sparks a light in you.

3. Pick a skill or start a business

Now what I’m about to tell you may turn some people of and that’s ok but ima keep it a buck. The whole go to school, get a job, and work for someone else for 40+ years is dead. With the way America is going degrees are becoming more worthless by the day as trump just passed an act where they are jobs are now favoring skills over degrees. In addition to that robots are about to take over so that means there will be less jobs available. So I highly encourage you to learn a highly skill or start a business in your teenage years that way you can develop it and master it before you even turn 30.

4. Invest your money
Once you have money it’s important to start getting your money to work for you in order to build wealth. Get to know the basics of investing for beginners. Invest in stocks. Invest in real estate.

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ABOUT THIS CHANNEL:
My name is Drell Jones, I’m a 20 year old entrepreneur and I’ve made over 6 figures online. The purpose of this channel is to educate and inspire the black community. I know when I first started off in entrepreneurship it was extremely hard, I had no one to turn to, and there was really no black channels dedicated to putting out this type of content so I aim to be the person I needed when I was younger. If resonate with me and the content subscribe to the channel and join me on this journey we call entrepreneurship 🤞🏾 –

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