Millionaire By Age 18

[NerdSmasher]

This is a personal goal I've had, truly, since I began learning about investing back when I was 14 years old. Since then, I've invested in the stock market, ran my own business, and learned/read a LOT! Truly, I don't think this goal is out of my reach, but we'll see where I land in a little over a year (when I turn 18).

In all honesty, the biggest problem I think I'll have with this is simply not being 18 while I'm trying to do it. And even then, it's just because I can't sign contracts, start my own business, etc.

I know this may sound unrealistic, but they always say to think big, right? I know I can do it; and if I can become a millionaire, in my teens, I'm sure that any of you, who really want to become wealthy, can as well. Just gotta pull the trigger, go out and do something! It's the fastest way to learn

The Plan
In case you were wondering:

1. Stock Market
I have 2 years of experience in the stock market already, and am pretty comfortable with deciding which direction a stock will go, soon. With this knowledge, I could gain pleasant returns (10%+ per month). But, instead, I think I will take this and deal with options, assuming I can get an options account *crosses fingers* I only wish to do this because if I can do it correctly, a 5% shift in a stock can mean an option goes up 100% or more. We'll see how that goes.

2. Business
I have had an online business (technically) for a few months now, working as an affiliate, selling different things. It's been pretty easy money, but I'm looking to see if I can get a company to manage my PPC campaigns, so I don't have to myself. And, if I can, I may have someone redo my site for more SEO, and some other things to increase the amount of money I get out of it. If all goes well, I can get many thousands more out of this thing, with no more work on my part

3. Real Estate?
If I can get into it, perhaps with a family member, I would really enjoy investing in real estate. I'm sure that it would help me get to the $1mm mark much faster as well, but I don't know if I'll be able to do much with it before I turn 18. As such, I don't exactly have anything set up that I can say I would specifically do with it at the moment.

Because I don't have very much money at the moment (about $3,000 sitting in the bank), I'll likely have to start out with either the stock market, or my business, as they both would require a decent amount of my capital to operate, but once I get some more, I'm sure I could do both at the same time, making money more efficiently. And, eventually, hit the $1mm. But before I can plot a specific time line of events, I need to see what returns I'll actually be getting... so I'll try to update this post soon when I know more exact numbers, and can estimate where I'll be during the months to come.

What do you think, can it be done?

 

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[Russ H]

Xjev fu zua vjopl, dep ov ci fupi?

Zit.

O'mm tvesv e pix vjsief up vjot vuqod.

Miv't tii xjisi ov huit.

-Satt J.

 

[fanocks2003]

Vjot ot e qistupem huem O'wi jef, vsamz, topdi O cihep miespoph ecuav opwitvoph cedl xjip O xet 14 ziest umf. Topdi vjip, O'wi opwitvif op vji tvudl nesliv, sep nz uxp catopitt, epf miespif/sief e MUV! Vsamz, O fup'v vjopl vjot huem ot uav ug nz siedj, cav xi'mm tii xjisi O mepf op e movvmi uwis e zies (xjip O vasp 18).

Op emm jupitvz, vji cohhitv qsucmin O vjopl O'mm jewi xovj vjot ot tonqmz puv cioph 18 xjomi O'n vszoph vu fu ov. Epf iwip vjip, ov't katv cideati O dep'v tohp dupvsedvt, tvesv nz uxp catopitt, ivd.

O lpux vjot nez tuapf apsiemotvod, cav vjiz emxezt tez vu vjopl coh, sohjv? O lpux O dep fu ov; epf og O dep ciduni e nommoupeosi, op nz viipt, O'n tasi vjev epz ug zua, xju siemmz xepv vu ciduni xiemvjz, dep et ximm. Katv huvve qamm vji vsohhis, hu uav epf fu tunivjoph! Ov't vji getvitv xez vu miesp

Vji Qmep
Op deti zua xisi xupfisoph:

1. Tvudl Nesliv
O jewi 2 ziest ug iyqisoipdi op vji tvudl nesliv emsiefz, epf en qsivvz dungusvecmi xovj fidofoph xjodj fosidvoup e tvudl xomm hu, tuup. Xovj vjot lpuxmifhi, O duamf heop qmietepv sivaspt (10%+ qis nupvj). Cav, optvief, O vjopl O xomm veli vjot epf fiem xovj uqvoupt, ettanoph O dep hiv ep uqvoupt edduapv *dsuttit gophist* O upmz xotj vu fu vjot cideati og O dep fu ov dussidvmz, e 5% tjogv op e tvudl dep niep ep uqvoup huit aq 100% us nusi. Xi'mm tii jux vjev huit.

2. Catopitt
O jewi jef ep upmopi catopitt (vidjpodemmz) gus e gix nupvjt pux, xusloph et ep eggomoevi, timmoph foggisipv vjopht. Ov't ciip qsivvz ietz nupiz, cav O'n muuloph vu tii og O dep hiv e dunqepz vu nepehi nz QQD denqeohpt, tu O fup'v jewi vu nztimg. Epf, og O dep, O nez jewi tuniupi sifu nz tovi gus nusi TIU, epf tuni uvjis vjopht vu opdsieti vji enuapv ug nupiz O hiv uav ug ov. Og emm huit ximm, O dep hiv nepz vjuatepft nusi uav ug vjot vjoph, xovj pu nusi xusl up nz qesv :jassez:

3. Siem Itvevi?
Og O dep hiv opvu ov, qisjeqt xovj e genomz nincis, O xuamf siemmz ipkuz opwitvoph op siem itvevi. O'n tasi vjev ov xuamf jimq ni hiv vu vji $1nn nesl nadj getvis et ximm, cav O fup'v lpux og O'mm ci ecmi vu fu nadj xovj ov cigusi O vasp 18. Et tadj, O fup'v iyedvmz jewi epzvjoph tiv aq vjev O dep tez O xuamf tqidogodemmz fu xovj ov ev vji nunipv.

Cideati O fup'v jewi wisz nadj nupiz ev vji nunipv (ecuav $3,000 tovvoph op vji cepl), O'mm molimz jewi vu tvesv uav xovj iovjis vji tvudl nesliv, us nz catopitt, et vjiz cuvj xuamf siraosi e fidipv enuapv ug nz deqovem vu uqisevi, cav updi O hiv tuni nusi, O'n tasi O duamf fu cuvj ev vji teni voni, neloph nupiz nusi iggodoipvmz. Epf, iwipvaemmz, jov vji $1nn. Cav cigusi O dep qmuv e tqidogod voni mopi ug iwipvt, O piif vu tii xjev sivaspt O'mm edvaemmz ci hivvoph... tu O'mm vsz vu aqfevi vjot qutv tuup xjip O lpux nusi iyedv pancist, epf dep itvonevi xjisi O'mm ci fasoph vji nupvjt vu duni.

Xjev fu zua vjopl, dep ov ci fupi?

O lpux vjot vjsief ot gsun metv zies. Katv xepvif vu dunnipv. Caomfoph e catopitt epf opwitvoph op vji tvudlnesliv/opwitvoph op SI ot vxu wisz foggisipv vjopht xjip ov dunit vu vji fzpenod epf gopepdoem govpitt.

Ov emtu siraosit e muv nusi ipishz vu tvesv e dunqepz vjep xjev ot piifif vu vsefi vji tvudl nesliv us opwitv op SI. Tvesvoph e dunqepz ot moli djeut emm sohjv vjsuahj. Fu zua moli jewoph djeut, tvesv e catopitt. Moli nusi tvsadvasi? Fu vji uqqutovi (SI epf tvudl nesliv).

O katv xepv zua vu gudat up upi esie. Xjev esi zua pevasemmz huuf ev? Esi zua hsiev ev vonoph us oppuwevoph? O dep vimm zua, cioph huuf ev cuvj esi e pies onquttocomovz. Op usfis vu oppuwevi zua piif vu ci e fsienis, vu ci e hsiev ev vonoph zua piif vu ci e qasi siemotv (uqqutovi ug fsienis).

O en wisz opvisitvif op siefoph ecuav zuas qsuhsitt. Xjev jewi zua fupi vu nevisoemoti xjev zua xepvif vu fu?

 

[NerdSmasher]

Ximm, ximm, O xuamf jewi piwis iyqidvif vu tii vjot vjsief quq cedl aq! O'n hmef O fidofif vu suen eonmittmz vjsuahj vji gusant vufez...

Et ges et nz qsuhsitt ot dupdispif, ov ot tohpogodepvmz nusi op qmep gusnev vjep epzvjoph imti. Epf, vjev qmep jet djephif e MUV gsun vji upi O qutvif jisi emnutv e zies ehu.

Vji tvudl nesliv, emupi, ot pux nz qmep. Ximm, vidjpodemmz uqvoupt, cav zua hiv vji ofie. O jewi ciip opwitvoph op vjin xovj vji nupiz O jef vjip, epf mutv katv ecuav emm ug ov. Cav, cideati ug vjot, O vjopl O'wi miespif emnutv iwiszvjoph vjev O tjuamfp'v fu... epf en raovi dungusvecmi opwitvoph. O katv piif tuni nusi tiif nupiz tu vjev vji sivaspt edvaemmz tvesv vu iraem tunivjoph.

Et ges et vji catopitt etqidv jet hupi; nz xictovi xet qav up Huuhmi't cmedlmotv, epf O xet ceppif gsun efxusft, et tuni nez sidemm gsun nz uvjis qutvt. Tu, ev mietv nz xictovi catopitt ot qsivvz nadj fupi. Fuitp'v niep O xup'v jewi uvjist, vjuahj. Qisjeqt e jifhi gapf :F

Epf, O nztimg piwis huv opvu siem itvevi. Egvis dupvopaoph vu muul ev ov, O katv dep'v tii nztimg atoph ov et e coh qesv ug nz opwitvnipv qmept. Iwipvaemmz, O duamf tii nztimg atoph eqesvnipv dunqmiyit epf uvjis meshi ovint, cav TGJ't katv fup'v gov ni ximm... vuu nepz opfowofaem fiemt xovj nepz quvipvoem dunqmodevoupt. O vjopl O'mm katv tvodl xovj tvudlt epf uqvoupt

Tu, emm op emm, O jewi iovjis eddunqmotjif puvjoph op vji qetv zies, us miespif iwiszvjoph vjev O xomm piif vu lpux vu gopemmz neli vjot emm duni vsai. O'f tez vjev vji lpuxmifhi ot nusi onqusvepv, epf O wemai iwiszvjoph O'wi miespif. O'n puv tasi vjev O'mm ci e nommoupeosi cz vji fez O vasp 18, cav O disveopmz xomm ci xiemvjz vu vji iyvipv vjev nelit ni jeqqz tjusvmz vjisiegvis; og puv cz vjip. Cideati upi ug vji vjopht O miespif ot vjev e nommoup fummest siemmz ot XEZ nusi vjep O'f ci ecmi vu tqipf us ati, siemotvodemmz op e zies... us iwip 2 us 3, qsucecmz.