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Proven Ways For Teenagers to Make Money
I know you’re sick of being broke, aren’t you? The reason I know is once I was a teenager (hard to believe I know!) without money (and I mean no money!) and now I have two teenagers myself who, until recently, constantly told me how fed up they were with not having any money.
They turned to me, a successful businessman, who had made a lot of money over the years and spent nearly 20 years coaching other people on how to make money, so why not couldn’t I show them ways for teenagers to make money?
So, I focused on the task, and to this day, I’m happy to say that my then-teenagers (who are now in their early twenties) made money, and I mean a good amount of money!
How did I get them from being “broken” to having about as much money as they needed to go to school and college, to enjoy life comfortably? In fact, it was quite simple. This is how I coached them…
- Step 1. Define your true desires: I got them to identify within themselves the difference between ‘wanting’ and ‘actually needing’. You see, everyone “wants” things – a better car, more holiday money, shiny new gadgets, holiday money – there are a lot of things we all “want”, but identifying what you really NEED is the first key. Really focus on deciding whether what you want more money for is a real need – if so, great. Then go to step 2…
- 2nd step. – Put a number on your goal: Define exactly what you need monetarily, and I mean exactly. If you “need” new clothes, check out clothing stores, identify what you want to buy, and know exactly how much it’s going to cost. The key to this step is to put a real number on what you are aiming for. Let’s say you’ve seen and identified exactly the clothes you’re looking for, and they come in at $122 – that’s your goal… to reach another $122. Let’s go to step 3…
- Step 3 – Take responsibility: This step is crucial; you have identified exactly that you really need something (Step 1); you have defined exactly how much you need as a number to get what you need (2nd step); now you have to tell someone you’re going to get it, and I really mean “get it”. The reason you need to tell someone is to hold yourself accountable to someone as you strive to get what you need. It’s easy to make personal excuses for why we’re not achieving our goals. It’s much, much harder to apologize verbally to others, especially when they remind you of what you said you would do each day. You need someone to hold you accountable for the commitment to getting what you defined as needed in Steps 1 and 2.
- Step 4 – Have a plan to earn the money you need: This is actually the easiest step because there are literally a lot of things you can do for teens to earn money. Below is a very good guide that I recommended to my teenagers to give them ideas on how they could make money.
- Step 5 – Take action!: Probably the most difficult step! You know exactly what you need; you have calculated the precise amount of money you need to meet this “need”; you’ve shared your commitment with someone you’re truly committed to getting exactly what you want; you found a way (a map) get the money; and now, finally, you have to “act” to get it… and that’s where most teenagers (actually most people, period) fail themselves – they just don’t take the necessary steps to achieve what they really had in mind.
Never forget Action is the merchandise of kings– Follow these steps and take action and you really will have all the money you need as a teenager.
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