Many teen entrepreneurs have the problem of saving money, so heres some tips:
1. If you get lunch money- maybe 3 dollars a day from your mom or dad.
Save 2 dollars and buy a milk and a granola bar. Thats what I did, it comes to .90$ which saves me 2.10 a day. take that x 5 days a week 10.50 x 4 weeks comes to 40.20 Extra a month that you will have. And you will lose weight.
2. If you do go somewhere save your change.
Change adds up, Get a jar and save it.
3. Never pay sticker price for anything.
This is my Personal Golden Rule, I always try to hustle.
4. If you are strapped and have to pay a fee for something at school, ask to pay over time. It generally works if you are not a hoodlum.
5. When shopping for clothes, Sales and Clearance is what you want if you can't negotiate price. I bought a blazer for 7$ at TJ max, and some nice dressy shirts at Kohl's for 8 dollars.
6. If you are strapped or live by yourself, Do not buy fast food, or go to restaurants unless its a special/ necessary occasion.
Buy the food yourself in bulk and for cheaper to save some easy money.
7. Use gas less and less. I ran 4 miles 2 days ago and I can't move my legs very well. It burns calories, saves gas, and makes you look good. What else could you ask for?
8. If you have a school Entrepreneurship and you sell things, This goes with 6, Buy everything in bulk, And I recommends starting some kind of llc and just using the tax write offs. You can change your business model whenever and just have a name that you can diversify.
(I Plan on doing this with my advertising comapny0 I want to name my mother comapny Unify Inc. I will have insurance,advertising, and media. and my slogan for all will be Bringing Everyone Together>This is Ruff Concept)
9.**USE YOUR FRIENDS**
In my Opinion, We Entrepreneurs have the Entrepreneurial Gene. We think differently. For example- My father says how I should go to college and get a good education so I can get a good job.
Lets break that down... Spend 40k-60k for school, waist 4 years of my life, and get a piece of paper so I am permitted to do something.(No Never) Its a waist in my opinion. Think Outside the box. I plan of designing whole advertising plans for companies dressing in my sundays best, strolling in and showing them it. They will be amazed, and will buy my service. I do not need college for that.
But back to the topic at hand. Use Your FRIENDS/PEOPLE YOU KNOW(AKA-MEATSTICKS)
It saves you money, and their slow.
10. You are A teen, Don't be dumb and buy into a MLM unless you really think its worth it. DO NOT SPEND OVER 10$ for some e book, unless its got more than 100 pages, its not worth it. The people making money are the ones Selling, not the affiliates.
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4 comments:
If you go to college they might be able to teach you to spell "waste"
i agree with paul...
This was a nice post.I think i'll subscribe to this blog and visit it regularly.
-ND.
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