Do you go to school but want to be a investor (and rich too) ? messed up with boring study routines ? want to get into real world market and want to make some extra cash rather then your pocket money. Do you want to understand “How Money Works”? well in that case this post is for you. I am sure that by the end of post, you will come up with ideas about where you may invest your money as well as time and why.
1. By selling you Services within the school
A few days ago, i read a post on quora about a 5 Rs perfect investment. You cannot imagine how wonderful was the answer.
The answer (top voted) was to buy 2 rs pen and 3 rs chart paper and then write down The thing you are good at in exchange of money. It could be any thing like it could be even “A poster which says will write down 10 pages of work for 100 Rs” or may be “Will do any class xyz (maths or any subject) question for 50 or 100 Rs.
This is a way too awesome to make money in school with an increase of your knowledge too. just a double profit scheme!
2. Buying and Selling collections
Do you have any collections like Tazos, Stickers or Wrappers? I do have a coin collection.
A friend of mine in the Coaching center (those old days) made 3000 bucks ie. 50$ by just selling some random Tazos and Stickers. Can you believe that! He sold his awesome collection of tazos to a Rich Kid for about 3 continuous months and Made 1000Rs/month.
And to the fact that it was never his own collection, he just bought it from someone for 500 bucks! But to be on a safer side he Sold it earlier to the rich Kid and then Bought it. The exchange of money was done earlier. and then the Tazos were given.
He might be lucky enough to find a rich kid who was mad for tazos or He used some skills! God knows.
Isn’t that pretty cool for a school kid? an extra 1000Rs/month Rs for a 14 year old kid is just a Wonder!
3. Investing on Books
If you ask me What was the best investment of my life, the answer will be “Investing in books”. I am a hard reader. I love reading books (books i said, not novels!).
Their are many awesome books out there waiting for you to explore the world within the words. You cannot imagine what all benefit a good book can bring to your life. As someone said it right “Books are our best friend”.
Remember you cannot improve yourself without committing mistakes. But Do you know that you don’t have a long life to do all the mistakes? so better, read books and it will give you knowledge about the mistakes which were made by other people in their life and learn from that.
The more books you read the better you learn from life of other people, which are right now successful in their life. And that will help you to get success in any field.
If you do not have any idea which book to read then start from here:-
a) Rich Dad poor Dad (Business + investment learning).
b) Who moved my cheese (self-help).
c) The monk who sold his Ferrari (self-help).
d) How I braved Anu Aunty and co-founded a million dollar company (Indian entrepreneurial life).
e) The alchemist (inspiration + Self-help).
If you have read all of the above then you can ask more in comments.
Trust me, Investing in your knowledge will be the best investment of your life. Go on and invest some time and money on your knowledge.
Well everyone knows the best place to invest money is stocks, and in fact every investor starts his investing career by trading Stocks. But a college/school going student may do not have proper knowledge of how to trade and invest in better stocks, or the stocks which may go up in the near future, so I do not support the Students to invest in stocks.
But if you really wanna invest in stocks them I recommend you to read some investing books, these books are from my personal experience, are what will show you the truths and some experiences on stock market. these are well known and written by professional Stock market experts and will definitely help you out.
Read: The Intelligent Investor
There are many good examples of students who invested their money in stocks and were successful enough to make it a big Shot.
If you takes this option then, apart from books, i recommend you to read online about the stocks you are going to invest in, and have a regular watch on them.
Investing in stocks may be tough for a few, where as easy for few. As a personal tip, a person i sure to win in stock market, if he has patience. So have some patience and keep a high end watch on the market. you will somehow make it.
Note: If you are below the age for opening a bank account or to have a trading account, you shall make a joint account with a person who is eligible. To avoid financial issues try to make an account with your father or mother.
5. Investing in your Dreams
Dreams are a unique part of your life. You do not know their importance until you get buckled up by a 9-5 job.
Out of all of the above, This part ie. Investing in your dreams is my favorite. If you really want to Make your dreams come true, you have to invest 3 things in it.
You have to work hard on your dreams giving it proper time, and having patience. you will need money along this way. Your dreams may require some equipment or tools so buy them and test out the unexplored possibilities of your self.
Like if you want to be a guitarist, then buy a guitar and join the classes ASAP. Invest Your money time and energy on it. Have patience and keep practicing and you will find out Happiness within all these!
Trust me, Invest in your dreams and it will change your life.
Here comes the final part of this awesome post!
I believe investing is an essential part of anyone’s financial life. You may fail and suffer some loss in the beginning, but this is how investing works! You got to be a failure in order to succeed. I do not know any investor who did not failed. But I know many of them who started investing early in their life.