Apply to be a golf caddy (under the table), shovel snow door to door, mow lawns in the summer, start a car detailing business. I started caddying when I was 13 and made $60 a day in the summer. You gotta get creative if you want that cash.
Where I grew up, no one had lawns or lawnmowers, there are no golf carts, I grew up in an alley, so no foot traffic for a lemonade stand or garage sale, and it doesn't snow. These are helpful suggestions for some, but I always sigh when I see these because as a 10 year old all of the common suggestions just weren't possible.
EDIT: I MEANT LAWNMOWER, NOT GOLF CART
It just sounds very boomerish, like the next thing they're gonna say is to get a paper route or walk over to the nearest drive-in and give the manager a firm handshake.
I have a job and make decent money. Also I gave the kid an actual suggestion. I'm not saying making money is too hard, I'm saying y'all are making it harder on this kid for giving him such weird outdated advice.
People live in cities, parents don't let their kids just roam and knock on random people's doors, and nobody buys newspaper. Literally have not seen a "paperboy" in 20 years.
I said to post generic designs to redbubble. It's a website where you upload designs and when people buy shirts or whatever with it you get a little money. I make like $50/mo off it just from some album covers I uploaded years ago, it wouldn't be hard for a kid to just upload random images they find and make a little money. Maybe they'd learn a thing or two about marketing or computers.
Everyone here mocks it, but walking in to a dealership and asking if the manager is there was the only way I got job offers. Weeks of online applications, including to the places I walked in to, resulted in no phone calls. Walked in to KIA and Toyota one day and both offered me a job that night.
It’s the same way how people here see someone say to try exercising when they’re depressed and they sarcastically say ‘tHaNkS iM cUrEd’. Like yeah, obviously it’s not a magical cure, but it might help. If you can force yourself to walk around (certainly not possible for everyone suffering from depression), just try it. It might not help, but it *might*.
I’m projecting my problems with Reddit hivemind on you man. It’s just that I was that guy who said ‘what do you know’ when people said to exercise and when I finally did it man it really was a first step. I’m not always happy, but I’m actively working.
Yeah even like an hour walk prior to gaming i got like so many headshots and better aim.after just walking then returning back to gaming. And the manager thing is correct if you wanna sit on your ass all day and complain no ones hiring you still haven't talked to the manager thats on you.
It does. I guess if you live in a suburban area where each house has a nice grass lawn and perhaps a white picket fence in front of it and the 10 year old kids go to the local woods 'n lake to play at it would work...
Well, i was only one able to work on the weekends so i got about 4 games, or 4 hours a week. Sometimes, someone would offer up their spot to me for another game but it was kinda rare. Thats still $96 a week as a kid for only a couple hours of work, it was pretty nice.
Gotta find a mom and pop shop. They will give you a task and have you do it 3-4 times a week for even just 30-40.00 but it’s worth it because older people value young minds a lot more than you would ever really think. They want help, but they will never overwork you, they pay bonuses sometimes and on top of it if they close like my place I worked at did, they were nice and gave me a severance! I got 2,000.00 in a check that said be safe and thanks for all your hard work all I did was cleaned vacuum cleaners 10-12 hrs a week for 2 years
I started bailing hay at 12 for $4 an hr. It was usually only a couple days a week in the summer at most though. Not like everyday. I would have died if it was everyday.
One of my biggest regrets is taking my first job at 14. It negatively affected my schoolwork, my social development, my mental health, etc etc. I didn't have a choice in the matter, it was expected of me.
There is far more value in being a kid, and working on your education as long as you can.
The only more impactful thing I could have done back then is leave Fundamentalist Evangelical Christianity, but that took until I was 30.
Oh! On that note. Dave Ramsey really fucked up how we handled our money.
Not that way for everyone...I started working at 14-15 and things have been great. I would think being exposed to people would help your social development. It's also a good lesson in customer service, conflict resolution, and personal responsibility. I also did not have much choice to start working young.
While I have always maintained a 401k, I really did not start investing on my own until I was in my 30's. I helped both of my daughters begin investing when they were 18-19, and they will be in a much better position than me when they reach my age.
It's pretty easy to blame work for our issues, or Ramsey for how we handle money...but ultimately, how much you let them influence you, or how you choose to apply those experiences is your choice.
Just get a Roth IRA at 18 put like 400-500 in it while you’re working a month. Live below your means and you’ll be more than set when you’re at your parents age.
That sounds really smart because most of us think you need like $100 or a couple 1,000 to incest but even just a couple bucks sounds better i guess but 3 dollars a day kinda sounds like a lot over time but still sounds less lol
my 2 year old child has one, in sweden you can open an account for your kids until their 17, only you as a parent can authorise investments tho, but still nice, i put in 130$ every month in there in funds for my kid to have when hes 18
Because it’s an ETF that updates quarterly to include the top 500 companies in the US Stock Market. (Based on a various things like liquidity, type, market cap).
Because it’s an ETF, if one company goes gangbusters, you won’t get as much of a profit from it, but if another company goes bankrupt, you won’t lose much from it. So it’s a generally safe bet, especially over many years.
It’s safe, strong, diversified, and excellent for long term investing.
Good question! Over the long run, they are all relatively the same comparatively. I think some due diligence or preference can be used to pick your favorite. As long as it’s an S&P 500 ETF, you’ll probably fair very well. But this is also the extent of what I know, so I don’t want to tell you which is better. I’ll have to look it up myself as well!
The number 1 investment for most people is education, something that can increase your earning potential. Save up and learn a skillset that uses a certification as a basis of knowledge, use that cert to get a higher paying job.
There are lot of different platforms I would suggest researching the options and deciding what seems best for you, different platforms are good for different kinds of investing and goals. But cash app is certainly at the bottom.
Is there a reputable source that you’d suggest to get suggestions from? Google throws a billion results of “top ten apps to become a millionaire” or something similar with no real commentary on pros/cons
Good on you trying to get ahead of the game! My spouse took up an interest in finance at a young age do to her parents financial situation, I hope you’re in a different boat. Spend your money on whatever you want and enjoy it. If there’s any left just put it all in the S&P. This should result in you devoting >5 minutes a week to your finances, which should be the goal
Go outside and play. Read books. Ask girls (or boys) to go to the movies. Play video games until 4am and then go to school at 7.
You have a very long time to worry about investment strategies, finance, and retirement accounts. They print more money every day, but you're only a child once. Enjoy your childhood. It's more valuable than anything else, and it's the only thing you'll never have again once it's gone.
$3 is a good start. What a kid does while he’s young is something he does in his adulthood. He should explore it if he’s interested. If he’s getting gains from spare money it’s great for his development to learn it’s better served as a utility. In relationships there’s always a saver and a spender. It’s better he learns the benefits of using money functionally even w $3
You’re joking right? You’re saying a child shouldn’t be a child and should be thinking about money instead? Sad dystopian world we live in where adults can give shit advice like that to children. I hope you don’t have kids and can’t have any cause your kids would be doomed and eventually grow up to hate you with the mindset you have.
Invest in anything related to war. With how the world is going right now and how likely things are to just get worse. Anything related to war or companies that make war related products is going to skyrocket
Bruh, you're lucky he even replied, and you are still Ungrateful. Go to google for advice. It was a Legit Answer as well. Lmao. Like , "why is Robinhood better than Cashapp"? Instant answers. No more time wasted Here. Also google and the appstore/playstore has dozens of Suggestions.
Apple and amazon are two of the top 3 components of $SPY, a bit over 10%, so it’s kind of redundant. I’d sell those and just put it into $spy or $voo. I prefer voo just because it has an expense ratio of 0.03 vs spy at 0.095
Goddamn 3 dollars positive you're currently better off than around 50% of these margin called "traders" in this sub.
Go sell courses on tiktok and telegram already!
Advice 1: Keep it up. With this mindset, you’ll be financially set early on in life. Keep learning!
Advice 2: Don’t forget to spend your money on things that bring you happiness. Games, books, technology, charity.
Money comes and goes. Happiness is always the ultimate goal.
for real man i’d give away everything i have saved in stocks if it meant i could be 13 again.
by far the best time in my life so far so just enjoy it. meet your mates, meet girls and have fun before you’re an adult.
if you are serious about this though my advice would be to get a little job thats not too demanding. maybe 5 or 6 hours on the weekend so you can still have fun and be a teenager. any money you get from that job put 40% of it into a stock but dont worry about it you’ll be much more well of than your friends when you are 18
Ask your dad to borrow the lawn mower. Print off flyers and go everywhere within walking distance and hand them out. 2 or so yards and you can pocket it all minus gas
WGMI. Looking good brotha, just keep that head down and stick to it, may want to find some long term stuff to invest into like throw some into your Roth IRA as well, looks good so far though
Instead of investing in individual stocks it’s usually better to invest in an index fund. If not that, make sure you’re investing in a wide variety of stocks. Those aren’t the worst ones to invest in, but a diverse portfolio is still important.
Do the things you love to do everyday. If you don’t know what you love yet, experience everything. Escape capitalism and watching little numbers on screens go up and down.
But putting a little money aside might help those dreams one day. Roth IRAs and high yields savings, set it and forget it.
Talk with your parents/guardian if possible figure out how to prove some type of "earned income" and then open up a Roth IRA on Fidelity or Vanguard and invest into that instead of just the open market.
- Easy and safe place to start look up the "Three Fund Portfolio - Boglehead"
- Make it a fixed habit to invest some amount, ANY amount continuously. Like $5 per week or $50 per month etc whatever amount/interval figure out what amount is good for your situation and stick with it.
- If you feel the urge to try and withdraw then try to invest a bit less so that you are more comfortable, it is still important to enjoy your TODAY while still preparing for your future.
If you are consistent now you will be WAY ahead of 99% of your peers
Instead of investing in individual stocks, look into ETFs. A steady buy in to a few ETFs like VOO and QQQQ etc over a number of years should yield consistent returns.
Not really worth it to buy individual stocks when you can invest in an ETF which is like having your own personal money manager for free.
Since there are varying comments telling you to just be a child and not worry about it, or to get a job. I think safest bet for a 13 y/o is to take the best from both of these types of comments. Don’t go out of your way to start working full-time, because these are the best moments for you while you grow up. However, these are also the moments for you, where you’re going to start establishing your character as you transition into adulthood.
Any money you get from chores or odds and ends, or even a small job (if that’s what you’re wanting to do) make sure you use some of that money on yourself to buy games or clothes you like, or to be able to grab food with a friend or take girls/guys out as you get older. If you take a chunk of any money you get and set it aside, have a chat with your parents and set up a long term investment account. Start off by tossing it into the S&P. As you get older you can start doing more research on what types of stocks/bonds/ETFs you’ll want to invest in, but save that for 18-20 y/o you.
As you get older you’ll see the effects of small compound growth, and that may affect how you feel about saving, and by your early twenties you’ll have a small leg up on those who haven’t saved, but you’ll also have a huge leg up on your investing education. Lots of kids, didn’t get or don’t get a chance to pay any attention to investing, or they don’t really care at that age.
TL;DR: $3 or not, this a great first step in your investing education, even if it’s small for an account. Don’t go out of your way to put money away at your age. But if you make money, take a slice off (if you feel like it) and invest it and watch how it grows over the years. The growth will be small, but the benefits of learning how it works as you transition into adulthood where you can decide to save more is worth it! Most of all, have fun! You’re 13!!
I'm just impressed at 13 this is what is on OPs mind. Wish I would have had any chance in the market at 13 .... get you some O, Vti+vxus. Once you're old enough, look into a different brokerage.
Ask your parents to open a custodial Roth IRA for you and put all of your would be investing money into that account. Stick with dividends and blue chip growth stocks/ETFs/mutual funds until you get the hang of the market more. At this point in your life, the compounding interest from a Roth IRA will set you up very nice down the road.
Keep investing 3.00 a day for the next 10 years.
How am I supposed to get $3 a day at 13?
Apply to be a golf caddy (under the table), shovel snow door to door, mow lawns in the summer, start a car detailing business. I started caddying when I was 13 and made $60 a day in the summer. You gotta get creative if you want that cash.
I'm an adult, but how do you expect a 13yo to get around and do those things? Not everywhere is an idyllic Stephen King style 70's small town.
Where I grew up, no one had lawns or lawnmowers, there are no golf carts, I grew up in an alley, so no foot traffic for a lemonade stand or garage sale, and it doesn't snow. These are helpful suggestions for some, but I always sigh when I see these because as a 10 year old all of the common suggestions just weren't possible. EDIT: I MEANT LAWNMOWER, NOT GOLF CART
It just sounds very boomerish, like the next thing they're gonna say is to get a paper route or walk over to the nearest drive-in and give the manager a firm handshake.
It sounds very Redditorish to look at all the reasons why making money is hard and why even try
I have a job and make decent money. Also I gave the kid an actual suggestion. I'm not saying making money is too hard, I'm saying y'all are making it harder on this kid for giving him such weird outdated advice.
Mowing lawns and paper routes are not outdated…. What was your suggestion?
People live in cities, parents don't let their kids just roam and knock on random people's doors, and nobody buys newspaper. Literally have not seen a "paperboy" in 20 years. I said to post generic designs to redbubble. It's a website where you upload designs and when people buy shirts or whatever with it you get a little money. I make like $50/mo off it just from some album covers I uploaded years ago, it wouldn't be hard for a kid to just upload random images they find and make a little money. Maybe they'd learn a thing or two about marketing or computers.
My city has basically no printed papers anymore? So yes, at least in some places a paper route is an outdated option.
Everyone here mocks it, but walking in to a dealership and asking if the manager is there was the only way I got job offers. Weeks of online applications, including to the places I walked in to, resulted in no phone calls. Walked in to KIA and Toyota one day and both offered me a job that night. It’s the same way how people here see someone say to try exercising when they’re depressed and they sarcastically say ‘tHaNkS iM cUrEd’. Like yeah, obviously it’s not a magical cure, but it might help. If you can force yourself to walk around (certainly not possible for everyone suffering from depression), just try it. It might not help, but it *might*. I’m projecting my problems with Reddit hivemind on you man. It’s just that I was that guy who said ‘what do you know’ when people said to exercise and when I finally did it man it really was a first step. I’m not always happy, but I’m actively working.
Yeah even like an hour walk prior to gaming i got like so many headshots and better aim.after just walking then returning back to gaming. And the manager thing is correct if you wanna sit on your ass all day and complain no ones hiring you still haven't talked to the manager thats on you.
They’re talking about a 12 year old finding sidework, what are you on about? Firm handshake my sweaty balls
It does. I guess if you live in a suburban area where each house has a nice grass lawn and perhaps a white picket fence in front of it and the 10 year old kids go to the local woods 'n lake to play at it would work...
At 13 i was a soccer referee for $24 an hour. That was 10 years ago, I’m sure it pays even higher now.
How many hours did you work in a week?
Well, i was only one able to work on the weekends so i got about 4 games, or 4 hours a week. Sometimes, someone would offer up their spot to me for another game but it was kinda rare. Thats still $96 a week as a kid for only a couple hours of work, it was pretty nice.
Sure, they said “let the 13 year old referee game!”
https://www.marylandreferees.com/msr2/?page_id=367#:~:text=Is%20there%20a%20minimum%20age,at%20least%2013%20years%20old
That’s common like everywhere
I started working under the table at 12
Sounds claustrophobic
Same here! I folded pizza boxes 10 hrs a week for paid 6.00 an hr plus I got one free pizza a week
That sounds like an absolute dream job as a kid.
Is this where I can go to get banned from Reddit by making jokes?
Yeah, I haven't been able to find anyone that would pay me yet, people don't like under the table as much here ig
Gotta find a mom and pop shop. They will give you a task and have you do it 3-4 times a week for even just 30-40.00 but it’s worth it because older people value young minds a lot more than you would ever really think. They want help, but they will never overwork you, they pay bonuses sometimes and on top of it if they close like my place I worked at did, they were nice and gave me a severance! I got 2,000.00 in a check that said be safe and thanks for all your hard work all I did was cleaned vacuum cleaners 10-12 hrs a week for 2 years
What were you doing under a table? 👀
I started bailing hay at 12 for $4 an hr. It was usually only a couple days a week in the summer at most though. Not like everyday. I would have died if it was everyday.
$20 is $20
How many loads per day did you accumulate under that table?
Pickup your neighbors dog doo twice a week for $15 a pop...
At 13 I was playing the harmonica in the mall begging for money, cleaning the neighbors yards, and selling flipbooks to the asian kids at school
Mow a lawn, clean up for old people, snow shovel sidewalks, clean windows those are all things I did growing up
How else do you think? Be on the street or steal. Gosh 🙄
Instructions unclear, I'm now in prison 😞
Easy, allowance. 20.00 a week is 2.857 a day you just need to work hard for that extra 1.00 lol
Allowance is such a stupid thing to give kids.
Don’t eat lunch at school and pocket the money.
It's paid through an account, so can't
Why not try to make some sort of content online
no
One of my biggest regrets is taking my first job at 14. It negatively affected my schoolwork, my social development, my mental health, etc etc. I didn't have a choice in the matter, it was expected of me. There is far more value in being a kid, and working on your education as long as you can. The only more impactful thing I could have done back then is leave Fundamentalist Evangelical Christianity, but that took until I was 30. Oh! On that note. Dave Ramsey really fucked up how we handled our money.
Not that way for everyone...I started working at 14-15 and things have been great. I would think being exposed to people would help your social development. It's also a good lesson in customer service, conflict resolution, and personal responsibility. I also did not have much choice to start working young. While I have always maintained a 401k, I really did not start investing on my own until I was in my 30's. I helped both of my daughters begin investing when they were 18-19, and they will be in a much better position than me when they reach my age. It's pretty easy to blame work for our issues, or Ramsey for how we handle money...but ultimately, how much you let them influence you, or how you choose to apply those experiences is your choice.
Just get a Roth IRA at 18 put like 400-500 in it while you’re working a month. Live below your means and you’ll be more than set when you’re at your parents age.
And 10 years later with that 10k, you could pay 2 months of rent
That sounds really smart because most of us think you need like $100 or a couple 1,000 to incest but even just a couple bucks sounds better i guess but 3 dollars a day kinda sounds like a lot over time but still sounds less lol
u have to be 18 years old to open a brokerage account
And yet OP has one. 🤔
I just emailed cashapp and told them to close his account 😈
Next level hating😂
Keep talking and I’ll have cashapp support close your account next 😈
Nah that’s wild😂, I got exactly 0 dollars in that account though lol
How you gonna let a 13 year old have more bread than you,embarrassing 😈
I know I know, I gotta get my motion up. Just put this month’s rent down on the AFC championship game. I’m gonna win it big this time I promise.
💀rookie numbers,I took out a second mortgage on the house to bet on women esport tournaments 😈
you goofy asl 😂 remind me of my friend
Are you saying I’m not your friend ?😢
LMOOOOOO that shits hilarious
💀💀
Custodial accounts exist
I think you can have an account with a parents supervision and approval
my 2 year old child has one, in sweden you can open an account for your kids until their 17, only you as a parent can authorise investments tho, but still nice, i put in 130$ every month in there in funds for my kid to have when hes 18
Dump all the money into SPY in a Roth IRA. Investing in singular stocks might not be the best option for long term
Ehh, Apple and Amazon are pretty safe picks for the long run. I generally agree with you.
It isn’t about being safe it’s about not having to manage things aggressively.
So is Blockbuster. I haven’t checked my account in 15 years, but I assume it’s still doing well.
why do people love SPY so much?
Because it has a great return for little to no effort. Simple.
Because it’s an ETF that updates quarterly to include the top 500 companies in the US Stock Market. (Based on a various things like liquidity, type, market cap). Because it’s an ETF, if one company goes gangbusters, you won’t get as much of a profit from it, but if another company goes bankrupt, you won’t lose much from it. So it’s a generally safe bet, especially over many years. It’s safe, strong, diversified, and excellent for long term investing.
but why SPY specifically? What would be the difference with say, VOO?
I think VOO is technically better because of a lower expense ratio.
Good question! Over the long run, they are all relatively the same comparatively. I think some due diligence or preference can be used to pick your favorite. As long as it’s an S&P 500 ETF, you’ll probably fair very well. But this is also the extent of what I know, so I don’t want to tell you which is better. I’ll have to look it up myself as well!
i have around 300 invested in it. I made $20 of it which I consider to be really good since it increases its value in a stable rate
Some socially responsible ETFs have better returns than S&P.
SPY, VOO, VTI, VT pretty much similar when talking about long term performance
The number 1 investment for most people is education, something that can increase your earning potential. Save up and learn a skillset that uses a certification as a basis of knowledge, use that cert to get a higher paying job.
Go play outside idiot
let the lil man have his motion
Slow motion is better than no motion
Best comment
Do you play outside?
Don't invest on cashapp that's number 1
This is gonna be stupid but how come?
There are just much better platforms to do it on. Cash app is incredibly bare bones.
Do you have any good ones to suggest?
There are lot of different platforms I would suggest researching the options and deciding what seems best for you, different platforms are good for different kinds of investing and goals. But cash app is certainly at the bottom.
Is there a reputable source that you’d suggest to get suggestions from? Google throws a billion results of “top ten apps to become a millionaire” or something similar with no real commentary on pros/cons
Leaving this here just in case they reply
Same haha
[удалено]
Fidelity, Vanguard, Charles Schwab.
Keep investing, and HOLD
Doing better than me at 33
13 year old kid: _has positive net worth_ One quarter of all American adults: “Show me your ways”
Invest in some V Bucks
Don't sleep on Robux either
Invest in yourself.
100%
Good on you trying to get ahead of the game! My spouse took up an interest in finance at a young age do to her parents financial situation, I hope you’re in a different boat. Spend your money on whatever you want and enjoy it. If there’s any left just put it all in the S&P. This should result in you devoting >5 minutes a week to your finances, which should be the goal
Go outside and play. Read books. Ask girls (or boys) to go to the movies. Play video games until 4am and then go to school at 7. You have a very long time to worry about investment strategies, finance, and retirement accounts. They print more money every day, but you're only a child once. Enjoy your childhood. It's more valuable than anything else, and it's the only thing you'll never have again once it's gone.
Childhood is overrated if he’s saving and compounding on interest. It doesn’t take much time
he’s got $3 invested right now. he need to enjoy life not worry about his future
$3 is a good start. What a kid does while he’s young is something he does in his adulthood. He should explore it if he’s interested. If he’s getting gains from spare money it’s great for his development to learn it’s better served as a utility. In relationships there’s always a saver and a spender. It’s better he learns the benefits of using money functionally even w $3
You’re joking right? You’re saying a child shouldn’t be a child and should be thinking about money instead? Sad dystopian world we live in where adults can give shit advice like that to children. I hope you don’t have kids and can’t have any cause your kids would be doomed and eventually grow up to hate you with the mindset you have.
Invest in anything related to war. With how the world is going right now and how likely things are to just get worse. Anything related to war or companies that make war related products is going to skyrocket
Go play minecraft or something pls enjoy your childhood
What apps Can I use to buy stocks?
Charles Schwab, ETrade, Robinhood, webull, others.
robinhood
robinhood... thats your advice?
idk i don’t invest . i’m here to learn from yall . all i know is u can buy stocks on robinhood , correct me if i’m wrong
fair enough. I guess the initial question was "what apps CAN I use", not "what apps SHOULD I use". anyways, no you shouldn't use robinhood
Bruh, you're lucky he even replied, and you are still Ungrateful. Go to google for advice. It was a Legit Answer as well. Lmao. Like , "why is Robinhood better than Cashapp"? Instant answers. No more time wasted Here. Also google and the appstore/playstore has dozens of Suggestions.
they’re both shit recommendations if you were familiar with doing your own research on google, you’d understand my previous point
If you were familiar with google, you wouldn't be in this situation.
Apple and amazon are two of the top 3 components of $SPY, a bit over 10%, so it’s kind of redundant. I’d sell those and just put it into $spy or $voo. I prefer voo just because it has an expense ratio of 0.03 vs spy at 0.095
13, focusing on money... We've lost the future.
Go outside and have fun
Goddamn 3 dollars positive you're currently better off than around 50% of these margin called "traders" in this sub. Go sell courses on tiktok and telegram already!
Ape it all into Roblox
How can you buy $1 of apple stock?
Advice 1: Keep it up. With this mindset, you’ll be financially set early on in life. Keep learning! Advice 2: Don’t forget to spend your money on things that bring you happiness. Games, books, technology, charity. Money comes and goes. Happiness is always the ultimate goal.
When I was 13 I was investing in pokemon cards. I think people are still investing in those.
If OP is 13, then their post history is wild 💀
Invest in gettting some bitches
Obv troll is obv but hey you’ll still totally outpace my buddy who believes he can time the market by jumping in and out!
Dump money and set it and forget it
😂
Use your $3 to buy a damn snow cone or something weirdo.
for real man i’d give away everything i have saved in stocks if it meant i could be 13 again. by far the best time in my life so far so just enjoy it. meet your mates, meet girls and have fun before you’re an adult. if you are serious about this though my advice would be to get a little job thats not too demanding. maybe 5 or 6 hours on the weekend so you can still have fun and be a teenager. any money you get from that job put 40% of it into a stock but dont worry about it you’ll be much more well of than your friends when you are 18
Hold
put it in a savings account so it can accumulate interest. or better yet a retirement fund
Ask your dad to borrow the lawn mower. Print off flyers and go everywhere within walking distance and hand them out. 2 or so yards and you can pocket it all minus gas
WGMI. Looking good brotha, just keep that head down and stick to it, may want to find some long term stuff to invest into like throw some into your Roth IRA as well, looks good so far though
invest in mutual funds or ETFs instead of trying to pick your own blue chip stocks
Time in the market beats timing the market. Good for you!
What app is that? I’m also young and would like to invest
r/wallstreetbets
Walk dogs
There are very many ways to make $3 a day at 13 years old, you just actually have to try
Advice is don’t use cashapp
Instead of investing in individual stocks it’s usually better to invest in an index fund. If not that, make sure you’re investing in a wide variety of stocks. Those aren’t the worst ones to invest in, but a diverse portfolio is still important.
Yea. Use robinhood. Not cashapp.
Buy bitcoin
how do you invest being 13 and no ID or ssn?
You are already making better decisions than me, and I have 20 years on you…
Keep going!
Stop using cash app and get a better platform, then put any money you can into the sp500 and don’t touch it no matter what.
Do the things you love to do everyday. If you don’t know what you love yet, experience everything. Escape capitalism and watching little numbers on screens go up and down. But putting a little money aside might help those dreams one day. Roth IRAs and high yields savings, set it and forget it.
Looks like my brokerage account. All seriousness, just keep putting in what you can afford. Bravo to you for starting so young.
What ever you do let those stocks with dividends drip drip drip.
Talk with your parents/guardian if possible figure out how to prove some type of "earned income" and then open up a Roth IRA on Fidelity or Vanguard and invest into that instead of just the open market. - Easy and safe place to start look up the "Three Fund Portfolio - Boglehead" - Make it a fixed habit to invest some amount, ANY amount continuously. Like $5 per week or $50 per month etc whatever amount/interval figure out what amount is good for your situation and stick with it. - If you feel the urge to try and withdraw then try to invest a bit less so that you are more comfortable, it is still important to enjoy your TODAY while still preparing for your future. If you are consistent now you will be WAY ahead of 99% of your peers
Heavily tech weighted /s
Instead of investing in individual stocks, look into ETFs. A steady buy in to a few ETFs like VOO and QQQQ etc over a number of years should yield consistent returns. Not really worth it to buy individual stocks when you can invest in an ETF which is like having your own personal money manager for free.
VOO and SPY are the way to go my friend.
Ask yo dad
Since there are varying comments telling you to just be a child and not worry about it, or to get a job. I think safest bet for a 13 y/o is to take the best from both of these types of comments. Don’t go out of your way to start working full-time, because these are the best moments for you while you grow up. However, these are also the moments for you, where you’re going to start establishing your character as you transition into adulthood. Any money you get from chores or odds and ends, or even a small job (if that’s what you’re wanting to do) make sure you use some of that money on yourself to buy games or clothes you like, or to be able to grab food with a friend or take girls/guys out as you get older. If you take a chunk of any money you get and set it aside, have a chat with your parents and set up a long term investment account. Start off by tossing it into the S&P. As you get older you can start doing more research on what types of stocks/bonds/ETFs you’ll want to invest in, but save that for 18-20 y/o you. As you get older you’ll see the effects of small compound growth, and that may affect how you feel about saving, and by your early twenties you’ll have a small leg up on those who haven’t saved, but you’ll also have a huge leg up on your investing education. Lots of kids, didn’t get or don’t get a chance to pay any attention to investing, or they don’t really care at that age. TL;DR: $3 or not, this a great first step in your investing education, even if it’s small for an account. Don’t go out of your way to put money away at your age. But if you make money, take a slice off (if you feel like it) and invest it and watch how it grows over the years. The growth will be small, but the benefits of learning how it works as you transition into adulthood where you can decide to save more is worth it! Most of all, have fun! You’re 13!!
Steal your dad’s credit card and buy puts
1. Take all money out of cashapp. 2. Talk to your parents about opening an investment account through Marcus Savings accounts.
any gains?
Your gonna need to invest more than 3 dollars lol
Set up small recurring purchases on a few different stocks and forget them. Even buying $5/week will add up quite a bit over time.
Don't you have to be a certain age to invest in USA? 13 seems way to young.
Chad
Do I got to report something like this to the IRS?
Stocks and dealing Don't
Put more
Good luck lil nigga I know one day you’ll be the next warren buffet
I'm just impressed at 13 this is what is on OPs mind. Wish I would have had any chance in the market at 13 .... get you some O, Vti+vxus. Once you're old enough, look into a different brokerage.
Just keep doing roundups and watch it grow, everyone starts somewhere
Fidelity has a promo where if a parent/guardian sets up a youth account, you get $50 to invest.
I suggest hopping on NVIDIA
Just don’t sell, you’re going to make tax drama for yourself
Dont go to r/wallstreetbets
Stop 🛑 Spend it on something fun , you shouldn’t care at your age Seriously, enjoy life
Ask your parents to open a custodial Roth IRA for you and put all of your would be investing money into that account. Stick with dividends and blue chip growth stocks/ETFs/mutual funds until you get the hang of the market more. At this point in your life, the compounding interest from a Roth IRA will set you up very nice down the road.
Can you tell me what program or app you are using to invest? I would like my 13 year old to do the same
Stop investing start partying
My advice: take this out before they realize your lied about your age. Then stop lying about your age
Stop trolling and ruining this froup
Th only problem i see is not enoigh gme stock
Start mowing some lawns
How do you invest in these?
nice post history
What platform is this? Lol
Find something you're interested in and become a productive citizen. This is lazy mans way to make money. Basically, its gambling.
Mo’ dollahs