Financial Planning for a Child Tips

Financial Planning for a Child Tips

Are you planning a child? Than do you know that you will have to do a financial planning for your child’s future? Well, yes. The economy will advance after 20 years from now and everything will be costly starting from education to marriages, businesses and lifestyle.

And that’s why the day your child born, you should start a financial planning for your child. Here are the few great tips for the financial planning of your child.

1. Start Investing early -

This is the 95% advise that anyone needs to do a successful financial planning for their child’s future. Well, its a simple logic. The earlier you will start, the compound interest will work more in favour of you and you will make a huge wealth for your child. Only a 5 years of difference can make a huge difference in the wealth later on.

Just search this blog for “Articles on Compound interest” or simply search the Google and see that how powerful it is and you will realize the importance of starting early. Ideally you should open a joint account in the name of your child since his/her birth and start investing regularly in it.

2. Invest 100% in Equity for long term -

When we plan to build wealth in the future after a long time horizon say 15-20 years from now, we should go for the asset class which can give us highest returns in the long run. And that asset class is the Equity. So invest 100% of your money in Equity to build a huge wealth for your child.

The simple and easy way to invest in equity is – Equity Diversified Mutual Funds. Simply start investing in 3-4 equity mutual funds having a past record of proven performance via SIP and simply forget it.

3. No Child Future/Education Plans please -

One of the commonest mistake people do is, they invest lots of money in the financial products offered by insurance companies. This is probably because of their lucrative names. Well, don’t invest in any investment schemes offered by the insurance companies. This is because they are very costly and they won’t build much wealth in the long run. Only buy pure term life insurance for your child from insurance company and invest rest of the money in equity only.

4. Consider Inflation -

Most of the people don’t consider the inflation while doing the financial planning. If you need today’s 1 crore after 20 years than at the rate of 7% inflation, it will be 5 crores or above. So consider the inflation first and than start investing.

Thus, keep in mind the above basic things and start EARLY…!!!!

How to Earn mony in the Age of 13-15 Years?

How to Earn Money in the Age of 13-15 Years?

This is one of the most commonest query that the teenage readrs of this blog ask me very often. First of all is it possibl to earn money at this much of early age? And if yes than How?

Well, it is possible to make money at this much of early stage in your life. Well, i am not talking about doing some part time job to make few extra bugs. I am talking about starting your own Business at this age. Well, of course you can start your own Industrial age business at this much early age. So the only option remains is the Internt Business.

Because of the internet any school going kid can also start his own side business from his home and make money online. The most commonest internet business that you can start from your home without any Investment at all (Of course, you will have to invest your time) is the Blogging Business.

Just use your Gmail user ID and password and start a new blog on Blogger.com. In fact, "My Journey To Billionaire Club" was started like this only. Yup, This Blog started without the investment of a single dollar and you can also do the same just like me.

Just find out the subject wbout which you are passionate. And start a blog in that Niche. Say for Example ask your self that what would I like to write about for the rest of my life even without I get paid? is it Cars, Bikes, Mobiles, Travel, health, money, technology or anything else?

Start your Blog Business in that Niche and put the AdSense code on your blog after a year or so. Believe me, there are many teenagers around the world who are making literally 4 figure income in dollars every month from their blogs and few are making literally 5 figure income passively.

The best thing about this Income stream is that, it's totally passive income means you will have to work hard at once only and once you create a great content for your blog, it will keep attracting more and more web traffic every day and you will make money even while you sleep or travel the world.

So Start your own Blogging Business aa early as possible in your life. Work hard for the Passive Income and you will see the Financial Freedom in very early stage of your life that very few people can ever experience...!!!

Billionaire Teens

Billionaire Teens

This is the Information age and the Internet has changed the Capitalism of the world. Many high school going teens have started making literally 5 figure income every month from their Blogs, Websites and Internet Business.

Because of the Internet, now you can target any Niche or Market from any part of the world.

Here are the Top Teen age Bloggers under the age of 21.

These are the teen age bloggers who don’t have passed their 21 years of age even. Yes, They are in their teen age right now and they are making tons of money every month from their respective blogs. And Many of Blogs are worth of literally 6 figures in dollars if not the millions.

Now, just think that what will be the valuation of these teenagers’ web properties after 10 years of now? Many will become Billionaires in their life and if not the billionaires, most of them will become multi-millionaires in their lives.

This is the power of the information age. These are the teen age bloggers who are planning to retire at their 21st birthday. This is the power of the Information age and starting the web business early. People who have followed the principles of the Industrial age will retire at the age of 65 when they get disabled.

Now, You decide yourself that what do you want to do?

Ways for Teens to Make Money Online

Ways for Teens to Make Money Online

Are you a teenager? Do you know that you can make money online without having any higher educational degrees? Well, I am not talking about some nonsense thing. I am talking about some serious business.

Many Teens around this world are making literally 6 figure income every year completely on the autopilot from the Internet. Let me tell you that How you can also make money online?

Well, the Answer is – The Affiliate Marketing

The Affiliate Marketing means selling other people’s products and getting a commission for every sale you make. In fact, many teens around the world are literally making hundreds of thousands of dollars by doing this. And yes, their other high school going friends will still have to wait for 5-8 more years to pass out the college and get a good job to start making money.

I know that you won’t believe me without the proof. Ok. So let me give you a proof. Visit the TycoonCashflow.com website. The owner of the website Derek started making money via affiliate marketing when he was just 19. And within 8 months of starting his affiliate marketing business he started making 5 figures income every month fully on the autopilot.

Not only this but there are several affiliate marketers all around the world who are making 5 figure income every month after month. They have to work at once and after that this income keeps flowing into his bank accounts for the rest of their lives.

Michael Jones is making US $ 65,000 every month online by selling other people’s products online. You can Download his video tutorials and a guide of affiliate marketing from his website The Affiliate Code. He will show you in his videos that how exactly he developed a system which is now making US $ 65K every month and how you can clone his system.

So don’t waste your time any more. Rather than that start focusing on building your own Affiliate Business.

Kiddy Branding

Kiddy Branding

Kiddy Branding means advertising various products (mainly financial products like Credit Cards) in young people (Usually Teens) in hope that when they will get older, they will have a strong sttachment with these product brands which they have used in their teen age.

Kiddy Brnading is an amazing concept. But well, when it comes to the credit cards, it’s really a danger concept. What the credit card companies do is they do tied up with famous games, tou companies and websites for their credit cards.

Say for Example Monopoly Game and Barbiw Dolls come with Visa/Mastercard Debit Cards. Parents think that, this is how their children will learn how to manage money.

PAYjr company has recently introduced VISA Buxx Card – a prepaid debit card for teens that can be fully managed online.

In order to use the option with the debit card, the child has to be at least 13 years of age. For children under the age of 13, they offer free chore-tracking online and printable chore Calendar which help children and parents manage what chores are assigned and what associated rewards are given. It also has a "balance owed" so that children know how much money they have coming from their parents.The service is definitely very unique and is an inevitability of the World Wide Web. Surely Visa Card will make a lot of money long term through this website because of what's called "Kiddy Branding," which is advertising to children when they're younger in hopes that they'll make use of the products when they're older (ie, use this debit Visa Card now, and chances are you'll use a Visa credit card when you're 18.)

So beware of Kiddy Branding. It is good for your Business but it’s definitely not good for your Kids.

Investing for Children

Investing for Children

Do you have children? Have you ever planned for the financial future of your children such as College Education, Marriage, Career…etc?

Most of the people in United States never think about the financial future of their children. And when they start thinking about their children’s financial future, It’s too late. Yes, This is true. I receive so many queries from USA like, I want to Invest for my child’s future but don’t get enough time from my job or I want to plan the Investments for my child’s future but what’s the hurry? They are just kids and many other excuses.

But well, according to me all of the above are the excuses and nothing else. Ideally you should start Investing for your Children from the first day they born. Yes, Starting Early is that much early in the game of Investment. There are several Child Insurance & Investment schemes available in the US Market. You can chose any investment scheme from the financial market.

However, the thing is that, You have to TAKE ACTION & START INVESTING EARLY. Starting Early is the only key of the Financial success. This is because those who have started early will accumulate more wealth than those who have started late or never ever invested.

Several people I know from USA have their children in High School but they are so much deep in debt that they simply can’t start investing. So your financial life is directly related to the Investment success. If you are a deep in debt than you will never ever invest for your child’s future.

So first of all, chose the sound financial life. Stay away from debt, spend less than you earn and start investing for children as early as possible means now…!!!

Investing for Kids

Investing for Kids

This article is not for the parents who want to invest for their kids. This article is for kids who want to learn the game of investing. “Investing for Kids” means Investment exercises for Kids for the purpose of this article.

Ok so are you a School or High School Going Kid & want to learn how to invest money? Than this article is for you. Let me tell you honestly that when I was a Kid and I used to say my parents that, I want to learn how to invest money, they used to say me that, Investment is not a game of kids because it’s risky. Once you grow mature, you learn what is investing and start investing.

But well, this was a Myth. The only problem of following my parents’ advise is that, you will be very late by then and Investment is a game of money & time both. And the winning formula of successful investing is - “Start Early”. Warren Buffet has started investing in the stock market when he was just 13 years old and today at the age of 80 years he is the second richest person of the world.

Here are the various ways by which Kids can invest money -

01) Stocks & Mutual Funds: Kids and teens under the age of eighteen cannot acquire most investments directly. They can, however, own them through a UGMA account or some other type of trust.

But yes, it is possible to invest in the stock market and mutual funds via UGMA account if you are a kid. Simply subscribe some finance blog and start learning about stock market investing.

02) Domain Names – Yes, Domain Names. I know that your parents will surprise if you tell them that you are investing in Domain Names. But believe me, Domain Names are the real estate of the Internet and they are the most valuable properties on the Internet. The Domain name Loan.com was sold for whooping US $ 3.1 Million in 2001. So you can imagine that how profitable this asset class is.

Simply go to GoDaddy.com and buy a Domain name for you. It costs just US $ 10

03) Invest in Web Properties (Blogs, Websites, Forums) – Flippa.com & SitePoint.com are the Internet marketplaces for web properties. Here you will find a web property for sale starting from as low as $ 100. Web Properties are the Information age Investments which give much higher return than the traditional offline assets such as stocks, bonds, gold and real estate.

04) Invest in Collectible Items – Yes, Collectible items are also the form of Assets such as Stamps, Coins, Coke Crowns, Vintage Cokes, Vintage Toys, Clocks, Knives, Insects & many other collectible items.

Thus, you can start investing in any one or more of the above assets. Most of the people around the world believe that only stocks, bonds, gold, real estate and mutual funds are the assets to invest but it is not true. All of the above assets can be the great investments for Kids & Teens.

Get Rich Quick Schemes for Kids

Get Rich Quick Schemes for Kids

There are many Get Rich Quick Schemes available for Kids on the Internet. In fact, many Kids from all around the world search everyday for such kind of schemes and unfortunately, The Internet is full of such kind of schemes which offer Kids that they can make $ 5, $ 15 or $ 20 per day from their schemes or they can set their own business with just $ 5 and start making money right now.

Now, the question is that, Do Such kind of Schemes really Work? And if yes than How? Well, in my opinion, such kind of schemes really work. Yes, They work in the real life but only if you are on the selling side.

Yes, You can get rich quick from such kind of schemes by not buying them but selling them in large volume to literally hundreds of thousands of people from all around the world. But well, buying such kind of schemes probably won’t work for you. You only have to sell it to get rich quick.

Now, what my argument is, Why even to sell such kind of Scams? Don’t you think that it’s illegal?

And Why to do illegal activities when it is really possible to get rich quick for a kid in the information age because of the Internet? Read my detailed article about How the Kids can get rich quick in the Information age because of the Internet?

Get Rich Quick Ideas for Kids

In the above Article, I have clearly mentioned that How you can become rich as a kid because of the Internet? You can easily put your Blog, Forum, Website as a side business from your home, school library or garage and make tons of money from your Internet Business in your teen age.

The Internet Business is the one and only way of becoming rich very quickly. Of course, You will have to work hard for it. There is no gain without pain. Developing the successful Internet Business is a hard work and requires hours and hours of daily work.

If you are a kid and want to get rich quick than you will have to compromise with your X-Box or Playstation or summer vacation with your school friends. Of course, afterwards, you will have more money and time than your other friends to enjoy the life. But to develop a successful Internet Business, you will have to work hard initially.

So if you are ready to get rich quick than start focusing on developing your own Internet Business.

Get Rich Quick Ideas for Kids

Get Rich Quick Ideas for Kids

This is the Information age and it is really possible to get rich quick in your teen age, twenties and early thirties. No need to live paycheck to paycheck and retire at the age of  65 years when you become disabled. Because of the Internet, anyone from anywhere in the world can become rich quick in his/her early life.

Well, I am talking about the Internet Businesses.

The Examples of Internet Businesses are Blogging, Forums, Flipping, Websites, iPhone Applications, Facebook Applications & many more. Recently, I came across the article in which there was a list of Top 30 Young bloggers in the world below the age of 21. and all of them are making lots of money from their respective blogs.

In fact, many Internet Entrepreneurs have taken the retirement in their twenties by selling their successful Internet Businesses and today they are travelling the world and enjoying their life and they are still in their twenties. The Best Example is of John Wu of Bankaholic.com. He sold his Blog Bankaholic.com to the BankRate.com in 2008 for whooping $ 15 Million and taken the retirement at the age of 28 years.

Right now he is travelling the world and searching for the Premium Domain Names Investment Opportunities. He has made this fortune within just 2 years of launching his blog. Thus, it is really possible to get rich quick for Kids in the Information Age.

I know that, if someone has asked you this question before 1990 i.e. before the birth of the internet, you would have denied the question. But today it is really possible to get rich quick. Any kid from any part of the world can put a side business on the Internet from his school library, home or even garage and make a fortune in his teen age.

In fact, many teen age bloggers around the world are making 5 figure earning from their blogs every year and many kids are doing 4 figure earning every month from Domain Flipping & Website Flipping. Buying and Selling Domain Names on the Internet is just like buying and selling the real estate in the real world. The only difference is that, Domain Names are the Virtual Real Estate of the Internet.

So if you are a Kid, Don’t waste your time behind un necessary things rather than that focus your time and energy to get rich and financially free by setting up your own Internet Empire. Later on you can enjoy your life any time once you have money on your hand and the time (Young Age) by your side.

Kids Flipping Domains

Kids Flipping Domains: It’s Better than School…!!!

This is the Information age and Kids are making faster money than the people of Industrial age. The future is of the Internet and you can make money at the speed of light if you have a knowledge.

Remember, It’s not the Assets or Investments that will make you rich in the Information age. But it’s the knowledge & Information about the Assets & Investments which will make you rich in the Information age.

I am talking about Domain Flipping. Domain Flipping means buying and selling domain names on sites like,

- GoDaddy.com
- Flippa.Com
- Sedo.Com
- SitePoint.com
- eBay.com

You can register a Domain name for as low as $ 10 and later on sell that Domain name for few hundred dollars to few thousand dollars to literally several million dollars. Famous Domain Names Loan.com, Car.com, Investment.com, Russia.com & Fund.com are sold for literally Millions of Dollars in the past.

Right now there are several kids in the world who are making lots of money every month by domain flipping. And they are still in the school. Domain Names are the Virtual Real Estate of the Internet & these Kids are Virtual Property Tycoons or Virtual Property Dealers…Whatever you want to call them.

The next generation is of Internet and you will see many Kids becoming millionaires in their teen age by domain flipping or any other Internet Business.

So understand the potential of the Information age and train your Kids accordingly.

Kid Business Ideas

Business Ideas for Kids

When I was a school going kid and when one day I asked my mom and dad about starting my own business, they told me that, You are a little kid and you can not start your own business right now. First of all grow as a person and than start your own business.

This was the only advise I learned about starting a Business from my parents. But well, that was the Industrial Age (Before 1990) and today is the Information age (After 1990) and in the Information age it is really possible to start your own Business even if you are a high school going kid.

Well, I am talking about Internet Business.

Anyone can start making money from the Internet right now. And even a High School going Kids can also start making money from the Internet by developing their own Internet Empire out of scratch only.

eBay, iPhone applications, Facebook Applications, Blogging, Forums, Domain Flipping, Website Flipping & Websites are just the few examples of Internet Businesses that your kid can start. In fact, many kids around this world are already making lots of money every month by doing these Internet Businesses.

Read the following great post. In the post, there are several ways to make money and even a kid can make money from many of the ways given in the list.

52 Ways to Make Extra Money

In the Next Generation, it will be quiet possible that even a high school going kid will earn more money than a doctor by successfully running his own Internet Business. Because of the Internet, younger and younger people are entering into the Business. Internet is a great platform to start a Business as a Kid.

So What are you waiting for? Start Building your own Internet Empire.

Become a Virtual Business Tycoon in the world of Internet…!!!

Video: How a 18 Years old Kid Make $ 5000 a Week? – Paypal Proof.

How To Invest For Your Child’s Future?

How To Invest For Your Child’s Future?

In the Article: Financial Planning for a Child’s Education, I have explained in very detail that how to invest for your child’s future?

The cost of living, education, assets and everything is rising year by year and that’s why it is necessary to plan your child’s financial future. Here are the few things that you should keep in mind while planning your child’s financial future.

01) Start Early: Well, I have make a list of 5 golden advises that you should follow for your child’s better financial future. However, if you ask me for the single most important advise than this should be the one. There is no other financial advise that is as effective as “Starting Early”.

This is because the Investment is a game of money and time both. You have to invest both money and time to make your investments grow like anything. And the Compound interest will only work on your money if you give more time to your Investments. So Start investing early for your child’s future.

02) Equity is the Best: I advise to start SIP in 2-3 good Equity Diversified Mutual Funds. This is because the Equity is the only asset class which gives you highest returns in the long run than any other asset class.

03) Teach Your Child the Basics of Financial Literacy: You have to teach your children the basics of Investing, Budgeting, Accounting & Personal Finance. This is because after all you are doing this for your child’s future only. And without Financial Literacy, your child won’t preserve and grow this wealth after you.

Motivate your child to read Personal Finance Books, Blogs, Websites, Magazines or watch Videos and listen to Audios.

04) Don’t be Greedy: Shift to Debt when you are near your Goals – Before 2-3 years from your Financial goals, simply shift your wealth from Equity Mutual funds to Debt mutual funds to preserve the profits.

05) Be Realistic: Set realistic goals. Expect realistic returns from the stock market. The stock market can give you anywhere between 15-20% compounded annual return. You can not except 50% compounded annual return from the stock market consistently.

06) Consider Inflation while setting Financial Goals: You have to consider the Inflation factor before setting your financial goals. This is because if today the higher education cost you 10 lakhs than after 20 years, it will be well over 50 Lakhs.

I hope that the above quick guide will help you to plan your child’s financial future.

Russia.com sold for $ 1.5 Million

Sedo Geo Domain Sales: Russia.com sold for $ 1.5 Million

This is the Information age and in the Information age, the new asset class is the Domain Names. Yes, Domain Names are the real estate of the Internet. Just like Real world real estate, Domain Names also appreciate in its price.

The only difference between real world real estate and Domain Names is that, Domain Names are Digital in form. They are Virtual so you can’t see it. But it doesn’t mean that they don’t have Value.

Recently Russia.com sold on Sedo’s Marketplace for literally $ 1.5 Million which is the second largest Geo Domain Sale in the year 2009. The largest Geo Domain Sale was Korea.com which sold for $ 5 Million in 2000.

Geo Domains are in very high demand because of their unique nature. Traditionally Geo Domains have been purchased by,

- Media Companies &
- Tourism Board

Thus, Geo Assets are one of the most valuable assets on the Internet. And there is a great scope for developing geo domains.

The Future -

In the Future, Just imagine that what will happen if a High School going kid owns a more valuable web property (Domain Names) which is more valuable than the Real Estate or Rental property owned by a Doctor?

This is quiet possible. You can never imagine that even a school going kid can own an Asset in his/her school life which can be worth of literally Millions of Dollars. This is the advantage and the future of the Information Age Kids.

Child Brands in India

Child Brands in India

Do you know that more and more child brands are entering in the Indian market and dumping their products in India. These Brands include Clothes, Games, Toys & Automobiles. Because of these brands, your child will develop a sense of living high status life style since his/her childhood.

And not having this brand will make him feel poor in comparison to his other classmates. The main problem with such child brands is that, your child will be dependent on such brands since childhood and starts thinking that having such things in possession are very important for looking rich.

And if you don’t have such kind of things, you are not rich. In short, these child brands are creating a false mindset in your children. Unfortunately, the parents are also financially uneducated and that’s why they think that they want to give their child all of those luxuries that they have not enjoyed in their childhood. And thus, they motivate their children to adopt such kind of brands.

But Don’t do this. Don’t motivate your child to buy such luxurious brands.

However, not the all the brands are harmful to your child’s mindset. There are several brands which are educational brands such as Personal Finance Games like Cashflow 101, Monopoly…etc.. are useful to teach your children good financial education since their childhood.

Cashflow 101 is a game for teaching your children personal finance and real estate investing since their childhood.

Monopoly is the another personal finance game which is very much popular.

Both of the above games are my all time favourite games and MUST play games for your child. If you really want to gift something to your child than gift the above 2 board games and play these games with your child. This will boost the financial IQ of you child by several folds.

Don’t pamper your child by giving him/her branded clothes and luxurious child. If you do this, they will grow as a Financially dependent adults. But if you give them Financial educational products, they will grow as a Financially Independent adults.

Business Ideas to Sell in a School

Business Ideas to Sell in a School

Do you know that you can start your own Business as a school going or a high school going kid. There are several Businesses that you can start as a school going kid. One Common Business idea is you sell something in a school.

Say for Example,

- Lemonade Stand

- Ice-Cream Stand

- Tattoos Selling (I used to sell Tattoos to my friends when I was in a school)

These are the 3 commonest businesses that you can start in your school also. However, you can sell anything to your friends also. Well, see. A Business is a team work. So make a team. Higher other friends who do some part of the work on your behalf and you pay them for it.

If you have to do all the functions, it’s not your Business. Let me give you my example when I was in 7th Standard and started a Tattoo Business.

I hire 3 friends who were marketing and selling the Tattoos for me. And I used to give them commission for every sale they make. This was my first Business in the life. But this business did not last long because my class teacher did not like this. She wanted from all of us that we become good employees and self-employees only and not the Business-Owners & Investors.

You can grow your Entrepreneurship talent from the school only but the main problem of our school system is that, your school will only promote and motivate you to become an employee or self-employee. It will never promote or motivate you to become a Business-Owner and Investor…!!!

Financial Planning For a Child’s Education

Financial Planning for a Child’s Education

Planning your child’s future is very important. And the Education is the most important expense for your child. Here are the few things that you should keep in mind before planning your child’s education fund.

- There are several Insurance products available in the market. But you should not go for any of them. This is because Insurance + Investment = Bad Combination. Rather than that, you should go for Mutual Fund Investing with separate life insurance policy.

- Simply Buy 4-star or 5-star rated mutual funds (According to Valueresearchonline.com) and start SIP rather than investing lump-sum  amount. Here are the 4 Step Simple Quick Guide for Planning your Child’s Financial Future.

01) Invest Early: This is very important. The compound interest is the greatest force in the universe. So if you start early than the compound interest will work more in favour of you to make you rich. And you will be able to build large corpus.

02) Choose Growth Option: Choose 4-star or 5-star rated mutual funds and always go for Growth option.

03) Go For SIP: Rather than Investing lump-sum amounts irregularly, it is advisable to invest small but regular amount of money.

04) Switch in Time: Just 3 years before your goal, You shift your fund from Equities to debt. This is because during last 3 years of your goal, your aim should be to protect the capital.

05) Never mix Insurance with Investment: Never go for Insurance products which offer your child’s financial future with investments.

THE COST OF EDUCATION IN FUTURE:

Always consider the inflation rate while planning your financial goals. Say for Example, if today the cost of sending a child to USA for Medicine degree is Rs.10 Lakhs than after 18 years it will become Rs.28 Lakhs or even more at the inflation rate of 6% per annum.

Summary -

Two things are very important for planning your child’s financial future.

01) Start Investing Early &

02) Inflation Rate Consideration.

If you can manage the above 2 factors than You are a Winner. Your Child can study in world’s Best Universities.

Budgeting Exercises for Students

Budgeting Exercises for Students

Budgeting, Accounting & Investing are the 3 key subjects that anyone should master. This is because these are the skills to manage your money. Only earning money is not the important skill. But you have to learn that how to manage it.

If you start learning Budgeting, Accounting & Investing as a school going student than it will be really easy for you later on to manage your money and getting rich quick than every one else who don’t know how to manage money.

Here are the Few Links where you can find excellent budgeting exercises for your school going children.

- Printable Budgeting Worksheets

- Starting a Budget: Introduction

- Budgeting: How Do I Budget?

- Budget: Fixed and Variable Expenses

- Budgeting Lesson: Needs Or Wants

The above are the good 5 basic budgeting exercises to start with. Once you learn the basics of budgeting, simply start implementing it from right away. The more you practice, the more you will become expert.

Budgeting is such an important exercise that you will need it for your whole the life. And that’s why it is advisable to start learning basics of budgeting since your childhood.

How to Invest at a Young Age?

How to Invest at a Young Age?

It is advisable to start investing as much early as possible in your life means Now. If you start investing at a young age, than the compound interest will work more in favour of you and make you more richer than every one else.

Now, the question is that How you can Invest at a young age? Which are the possible assets in which you can Invest at a Young age? Well, Here are the Assets in which you can invest even if you are a teenager.

- Stocks
- Bonds
- Gold
- Mutual Funds

- Domain Names
- Blogs
- Web Properties
- Collectible Items (Stamps, Coins, Vintage Toys, Vintage Coke, Knifes, sketches, paintings, butterfly)

To invest in the first 4 financial assets, you will require a joint account with your parents or guardians. After that you can invest on behalf of them. But it is observed that sometimes parents don’t agree with this idea.

I remember that when I was a high school going kid and I told my dad to open a Demat account for me in his name jointly, he refused me and told me that, I should study hard because Investment is for adults.

Now, if your situation is also like me than go for the next 4 assets. Yes, the Online Assets. The main advantage of owning an Online Asset is that, nobody will ever know that you have invested your money in digital assets such as domain names, websites and blogs.

You can buy Domain Names from GoDaddy.com for as low as $ 10 per year and you can buy a blog or website starting from just $ 200 from Flippa.com & SitePoint.com

You can also invest in Collectible Items. Yes, they are the Assets. Your parents will think that you are doing it for hobby. But in reality, you are building your own Investment portfolio that later on you can sell on eBay to the new buyer for huge profits.

So the above are the few innovative ways to invest at the young age. So What are you waiting for? Start Investing right now…!!!

How to Become a Teenage Billionaire?

How to Become a Teenage Billionaire?

First of all Is it Possible to become a Billionaire in your teen age and if yes than how? Well, of course, it is possible to become a teenage billionaire. There are 2 ways to become a teenage billionaire.

01) By receiving a large Inheritance &
02) By Developing a Successful Internet Business & Taking it to public.

There is third way also of becoming rich as a teen age and that is Lottery Winning but I will not discuss about this way because as a teenager you are not allowed to play in lottery.

Now, the first way of becoming a teenage billionaire is that, you receive a billion dollar fortune at this much young age via inheritance from your parents or guardians. But the possibility of becoming a billionaire like this is very rare. And you don’t have to do anything to become a billionaire like this way.

Now, the second way of becoming a teenage billionaire is that, You develop specifically an Internet Business and later on take that Business to the Public. This is the only way of becoming a billionaire at the fastest way. Take the Example of Mark Zuckerberg, the founder of Facebook.com. He bacame a youngest billionaire (Self-made) in 2008 at the age of 23 years only. And he started his Business (Facebook) at the age of 14.

So I think the only realistic and possible way of becoming a billionaire is you develop a successful Internet Business and later on take that Business to the public. It is only the Internet Business which can make you a Rich Billionaire Kid at this much early age.

Business for High School Kids

Business For High School Kids

Are you a High School going Kid? Do you know that you can start your own Business right now? No need to grow up to your 30s to start your own Business. This is because the Industrial age is over and the Information age started after 1990.

And in the Information age, a School going kid can also make more money than a Doctor. Well, I am talking about starting your own Internet Business.

Yes, You can build your own Internet Empire as a school going kid also. There are several varieties of Internet Businesses that you can start such as Blogs, Forums, Social Networks, Gaming Websites, Articles Directories, Dating Websites, eBay store, e-Commerce websites and many more…

The advantage of starting an Internet Business is that, from the day first you are expanded worldwide. In case of Traditional Brick and mortar Business, you are not expanded from the first day you start your own Business. While in case of the Internet, from the first day anyone in the world can access your products and services online.

There is a huge potential in the Online Businesses. And the entry brrier is very low. Means you don’t need to take lots of legal permissions from the government to start your own Internet Business.

You don’t require to buy or lease any commercial real estate space to start your own Business in the Information age. You just require a virtual real estate of the Internet – Domain Name and you can start your own Internet Business right away.

This Blog is my Internet Business and you can start your own Internet Business right away. I am not saying that, it’s a getting rich overnight money making opportunity. Just like any other Business, you will have to work hard behind your web business also. But it’s worth it.

The key is to start early. You can not enter into a traditional offline businesses as a high school going kid. You can not buy a Franchisee Business at the teen age when you are just a high school going kid. But you ca n start your own Internet Business even as a teen age.

In fact, many teens from all around the world are making literally 6 figure income in dollars every year from their Internet Businesses and they are travelling the world with their own money during their Summer Vacation. And their classmates are struggling hard in the school to get good grades and they will have to wait 10-15 more years to train themselves in college to make money by getting a job and enjoy their lives.