This Will Make Teenagers Millionaires (8 Money Tips)

You know that

this

video is a very important topic and if you follow the steps that I am going to describe here today, you know that I do not see a way for you to not be a millionaire, if not a billionaire, at the age of 25. I thought you knew

this

might be one of those times when it's time to light a candle, it's time to get out a pen and a notepad because I'm going to show you exactly the things I learned from reaching $10 million in my portfolio. of investments later. taxes at the age of 21. and how you can replicate the exact eight steps I took to get there, so ladies and gentlemen, this is my investment advice for all you

teenagers

out there.

Now the first step is to decide how much of your income, no matter how small, are you going to save to invest? In reality, it all starts with a decision: do you know that you are going to receive fifty dollars a week? Pocket

money

. If you have some. Know? You're 17 or 18 and you have a little side job maybe you have a part-time job whatever it is decide how much of your income you're going to save now you could be making fifty dollars a week right now because your parents I'll give you fifty dollars a the week in pocket

money

and you may be gone.

You know, if I put away ten dollars every week, that's not really going to move the needle that much. You're right, but what happens when you reach a point where...? you're making five thousand dollars a week and that could happen to you in your you know, in your teens, maybe even in your twenties, whatever the case may be, and for four five six seven years you got into the habit of putting, for example, 20 of your income so maybe when you're 14 or 15 you're used to saving 10 bucks a week to invest and let's say you get a high paying job or maybe you start your own business and like I said you're making 5,000 per week and you're used to setting aside 20 of that income, that's a thousand dollars a week, that's a lot of money to invest, so the first step here is to decide how much money you're going to save and invest and not think about it. both in terms of the amount of money but in terms of percentage of everything you receive, how much you are going to invest and keep in mind that when you are not earning a lot of money that percentage can be very small and even if it is only 10, 15 or 20 , it's okay, we're just trying to get you used to it.

My second investment tip specifically for

teenagers

is to find a way to get that money away from you, so what you can do is I can tell your parents hey, I'm, you know I want to get serious about investing because today it might be a small amount. , but you know, when I'm in my mid-twenties or even my mid-twenties, this could be a very large sum of money, so I just want to get used to it and I want to train myself when I give you money to keep in my investments. Can you

make

sure I don't take it out?

Can you

make

sure I don't touch it? because you know something could happen. hop on, you know you might want a new ps5 or might be tempted by the travis scott nike collab list. 101 different things could come up, but you want to make sure you never touch that investment pile, so like I said, step number Two specifically for teens is finding a way to make sure that money you know is saved and no matter how tempted you are , you can't touch that money and you know you don't need to do this for the rest of your life.

I definitely don't. I won't give my money to someone to safeguard it and keep it protected, you know, because I'm worried about spending it all, but only while you're in these early years and also while the amount of money doesn't seem significant to you. It

will

very quickly snowball into a significant amount, but not if you withdraw that money now. My third investing tip for teens is to get a credit card as soon as you can and spend a little on it each month. Cards have so many benefits and I personally wish I had learned these benefits a long time ago.

You know, for me personally I was about to turn 20 when I started using credit cards and having my own at 18 years old. I was winning everywhere. Earning 100 to 200,000 a month, so you know, I was used to making a lot of money, but I was just using debit cards for everything, which was stupid, you know, I wasn't raising my credit score, I wasn't getting better, right? You know? the many different benefits that you get with credit cards, like practically free trips, you know just because of the amount of money that I spend in the business, either way, you know that these costs are going to happen either way, between my different businesses.

If I did the math before, I get something like 55 upgrades a year, basically, you know, more than one upgrade a week, you know, from economy to business or business to first class, and that's just one of the benefits, so step number three is get a credit card make sure you don't spend a lot of money on it you know it could literally be like 20, 50 or even 100 a month something you know you can even put your subscription to Spotify and Netflix there and just win. Make sure you pay it off and get into the habit of having a credit card and paying it off every month.

Now the fourth thing I want you to do is set up the infrastructure to be able to invest and this is what I mean by this. for a long time, you know, I didn't really start investing until I was 19, which was a big mistake, believe me, I would probably have a lot more than $10 million right now if I had invested much earlier. They ask you how you are. You just have to say you're fine when you're actually not fine, but you just can't get into it, so one of the reasons I didn't do it was because investing seemed like a scary world to me, right?

I didn't know how to set up a brokerage account. Even some of the crypto platforms in 2017 and 2018 were a little complicated to understand in terms of how to transfer your money and this and that. I really didn't know. I don't understand anything about the real estate market, about alternative investments, for example, like watches, so what I want you to do. You know, in the year 2022 there are so many things that make it so easy to invest. You know, simple things like Robinhood or Weeble. It's very easy to take money and invest it, whether it's in stocks without being crypto, whether you know nfts, even in real estate.

Nowadays, it is becoming easier for someone who is not an experienced investor to get started and invest. What I want you to do is set up your, you know, it could be a Coinbase account or a crack account or a Binance account, something where you can buy cryptocurrency and actually learn how to withdraw money from your bank, you know if you ever Again, that could be 50 or 100 and I know how to transfer it and send it to your Binance or Coinbase account so you can start investing. I want you to set up your Weeble or Robinhood account and you know you don't.

I don't have any affiliate links for any of these platforms, just go ahead and type it into Google and sign up because that way you're removing any barriers or friction to being able to invest. I want you to set up an OpenC account. I want you to do it. Set up an account on Chrono24. I want you to do it every time you stop by a real estate agency in your town or city. I want you to know to look at home prices and get an idea of ​​what home prices are in your area. I want you to spend a little time zoopla or moving around wherever you are in the world, like I said, just to know, you know why one house is worth more than another, why one house rents for more than another and you don't need to become an expert in none of this.

You know you don't need to become an nft expert and spend 24 hours a day on openc, but you can start seeing patterns and things like that in any avenue you want. to go down and you know, for example, for me, all my investments are with crypto nft and look, that's just the area and the vertical that I'm most competent in and understand the most, so that's what I stick with. and I know them very, very, very well, I know how to watch prices very well, I know everything is happening in openc, I know everything that is happening in the crypto market, so, like I said, whatever the vertical is in the that you decide to go down, configure the infrastructure to be able to invest like this that way if tomorrow you want to invest a thousand dollars you can do it and there is nothing you know there are no excuses you can give yourself now my fifth investment advice from someone who started their business that business right there my advertising agency when they were 16 years old and when they were 21 years old they had more than 10 million net after taxes in their investment portfolio.

The fifth piece of advice I could give you is that investments are great, but you need to understand that investments are not there to make you really rich, they are more there to preserve your wealth and give you stability and security, you know, for many years and decades to come. . What you should do. The fifth thing you should focus on is starting a business or starting some type of freelance work, whatever you need to increase your income now, that could even be just you know a job at a fast growing company, you know there are many , many employees in my companies, you know between my agency and my educational platform, my software company, who makes CEO type money and every year you know their income compounds, so if you can find an organization like that, there is nothing wrong in having a job, but I

will

say that they are very few and far between, yes, most of the time it is It is very, very difficult to increase your income when you are working at a job.

Like I said, the reason I was able to get to this point in life is because I decided to start an agency, obviously when I was 16 years old. I didn't realize what I was doing now, looking back I realized that yes, I started a remote online boutique agency and the way I built it was using something called contractor arbitrage. I would find really good contractors and then I would basically take their services and wrap it under my agency and then sell it for double, triple, quadruple what they were charging me and you know what they were charging me was considerably higher than what they could charge. to customers in their own country, so So yeah, that was basically the business model for the first almost two years and I was able to make 40 50 000 monthly profits right at the end of my 17 years and then at 18 and then at from there once the budget allowed for hiring full time people, etcetera, etcetera, and you know my CMO was actually a contractor who worked for me four years ago and it's been four years that we've been working together.

Now I can't give you the exact details on how. really achieve this and do what I did, but you'll be happy to know that I published an exact step by step training on exactly how to build a 100k a year online business in the shortest time possible so you can find it on youtube. I'll also leave it as the first link below, make sure you finish this video and then go ahead and watch it, but like I said, the reason I got to this point in life was because I had that advertising agency that after two years starting in 2016. until 2018, towards the end of 2018, when I was still 18, when I was about to turn 19, that business was making over six figures a month in profit, which meant I could take all that cash and Which I should have done since I was making 10,000 a month, you know, when I was 17 and just dropped out of high school.

I should have invested a huge chunk of this so you know all this idiot did was he just sat on tons of cash until 2020 now if you know anything about what happened in 2020 2020 was a great year to invest if you invested your capital. I had over seven figures in cash, you know after taxes, just sitting there, I rolled it out from my 1.5 million dollars that I invested in 2020. In seven eight months through the crypto markets, it was up to eight million and half dollars. I also invest a lot of money in watches. I have a watch portfolio worth over two point three million dollars right now.

I'm going to have Tristan cast my Chrono 24 collection on screen, so like I said, if you're starting with a small amount of money, you're not going to invest your way to wealth, but follow all of these principles here, the biggest one. It is this fifth that says to start a business or some type of independent work. Step number six is ​​live below your means. Now I know there have been a lot of people who could watch my life and you know they'll watch videos where they like it. You know, I'll go shopping at the mall for like two hours and spend like twenty thousand dollars or buy expensive watches.

Well, watches are investments for me, but I don't know if I will spend any money. I enjoy my life etc, for me personally, I live off between 10 and 15 of what I make if you've seen my 2021 breakdown, kind of like a year in review video, as you all know, I made it back. 10 million dollars in 2021 so I know some of the things I do may seem like wow that's a lot of money but that's all you know it's all uh I don't know what word I'm looking for here proportional I think so. I would be very worried if I spent the70 80 90 of my income and many people spend more than they earn.

I don't believe in living below your means in the sense that I see a lot of these like You know billionaire people, uh, and they live very frugally and they don't buy coffee in this. Personally, I think that's stupid. Like in this life, you only have one of this life if you are responsible and You are only spending 10 15 20 even 30 of your income uh and you make a lot of money, who cares if you are investing the rest of the money, you are protecting your future, you know that Even if you stop making money for the rest of your life, you will still be good and I will get to a point that I will touch on very soon for me personally.

I know everyone has different opinions. This life is there to be enjoyed, especially if you have the great privilege and the great honor like I had and was very blessed and fortunate. because don't confuse it, everything in life you know luck has a role to play and I was very blessed and very lucky to spot the right opportunities at the right time, you know, starting a business at the right time, but there was always a looks factor involved so like I said if you have the privilege of making money at a young age I think you know you need to enjoy this life so live below your means that doesn't mean you know you need look for yours. coffee, this you know, I think when you have less income, let's say less than five thousand dollars a month or two, less than ten thousand dollars a month, it makes sense for you to spend 50 or 60 or maybe even 70 of your income.

I get it now, once you get to a point where you're making five figures, maybe even six figures a month, and if that seems crazy to you at any point, you know you can go back to my YouTube video and watch videos of me when I started my business in 2016. You can see videos of me in 2015 when I was showing off the books I was reading. I used to read a book a week and you know, it was like, you know, and it had all these great ones. visions and all these grand plans, etcetera, etcetera, so don't put limits on what is and is impossible, but anyway, like I said, live below your means as a percentage, okay, let's say in a world hypothetical, totally hypothetical, someone might look. someone who just enjoys their life to the fullest, literally doesn't even look at the price of anything and spends 10 million dollars a year, which may seem crazy to someone, it may seem totally crazy, but let's say that person made a hundred million of dollars a year and that person invested 80 million dollars a year spent 10 million a year and put 10 million years into their savings, so they saved as much as they spent and the other 80 of everything they made went into investments and let's say That investment portfolio produced them 10 returns a year on that $80 million, they just generated eight million dollars a year passively from their investment portfolio, so the reason I say this is because someone might look at that person and say oh, you're not living below your means that you're stupid or you're financially responsible, I don't think so, it's just that for me everything is proportionate and everything is based on how much you earn and what stage of things you are at, like that living below your means does not mean that you only know how to buy when there are offers if you are a person who makes a lot of money, okay, so keep that in mind and this goes to step number seven and this is very important as the time and step Number seven is that you want to increase the percentage of your income that you invest.

So once you start getting to a point where you're making more and more income each year, you should try to figure out what the percentage of your income is. go towards your investment grow and grow and grow and you know the reason this is important is because the last final steps and the last final step is really where you achieve true freedom in life, but the only way you That's possible is consistently As your income grows and like I said, the best way to do that is through a business. Once you're done with this video, make sure you click on the first link in the description which will take you to another YouTube that you know isn't. it will take you to whatever homepage or this or that, it will just take you to another youtube video that I posted and people went absolutely crazy for the truth.

It shows you step by step exactly how to build a 100k a year online business like me. said go ahead, start a business and as the years go by and you make more money, go ahead and increase the percentage of that money that you make that goes into your investment portfolio and the last step, and this is really where you achieve the true sense of freedom is only living off what your investment portfolio yields, so let's say that you have an investment portfolio, let's say that you are 25 years old and you followed all these steps and let's say that you follow these steps and you know that you are 14 years old .

Let's say you're 17 years old, maybe even 19 years old and you follow these steps and you have a 2 million dollar investment portfolio and if that sounds crazy, trust me, don't lock yourself in like that. Don't limit yourself or your thinking ability, so they said, let's say you're making two million dollars a year, let's say you're making eight percent a year, that's 160,000 a year passively, the truest, truest, truest freedom is when your investment portfolio like your true passive income pays for your life and if you can get to that point and that's the interesting stage that I'm at in life in right now, where my lifestyle can be paid for entirely by my investment portfolio, which means that all the money I make in my businesses can go directly into my investment portfolio, so let's say you know that to give them points realistic benchmark this year, I think the businesses will achieve, combined, between, let's say, three and a half million dollars to five million dollars of profit, so if I can contribute, let's hypothetically say four million extra dollars and let's say I'm performing ten percent of that, I put another four million dollars more into my investment portfolio this year and that means I make an additional four hundred thousand dollars a year in returns, I just went ahead and starting this year 2022, of profits from my business, I went ahead and allowed myself to spend an extra $400,000 a year for the rest of my life and if I go ahead and do it again next year, that adds up and compounds and compounds, so they said that true freedom in life is when you follow these seven steps and then the last eight steps that give you the stability, the calm to know that I'm going to do it. be okay no matter what I can stop working tomorrow and really nothing could happen so for some of you you will finish watching this video and you will say it was great it was something interesting and for some of you you will understand how powerful these steps are are and for any of you who have been watching my YouTube channel for a while and there are many of you who are literally used to watching it when I was 15 and 16 years old.

You would have seen all the years I followed these steps. I know one or two I should have done sooner, like getting a credit card and really setting up the infrastructure to invest sooner, but you would have seen my journey over the last six years and you would have seen exactly how my partner should get to this point. in life and this is something that no one ever taught me. I grew up in a single parent home. At one point, my mother and I were on government benefits, which for those of you who don't know, that's basically like welfare in America.

In the UK, my mother was jumping between retail jobs. She used to be, you know, a receptionist and they paid her minimum wage. You know, in the hospitals, in one of the NHS hospitals, which is, you know, free healthcare in the UK, so I never had a father. If someone was a big brother and you know, you really imparted this wisdom to me, so for me this is like this video is important and meaningful to me because it's like this, this is how this is the high level view, this is how to do it. so, this is how you free yourself for your family, so yeah, I hope you realize how important it is if you follow this note wherever you are in these eight steps and I'll ask Tristan to show them right here.

Just keep going, you know, keep going and I can assure you that I'm definitely here in your corner and supporting you.