Did you know Warren Buffett started investing at the age of 11?
As a teenager, there numerous ways to invest both financially and in yourself and the likes of Warren Buffett, the world's greatest investor, knew this. Investing in stocks, your education and your future are three examples of how a teenager can sacrifice something now (i.e. money and time) in hopes of reaping benefits in the future.
- Investing as a teenager is easier than you think
- Having a good financial base can allow to focus on your work
- How you spend your time is crucial
- Education comes first
Let us take a few examples of a how a teenager can invest
The Stock Market
While putting in that extra effort to learn and stand out is crucial to success in any field, it is imperative that you dedicate time to sorting out your finances and investing wisely in your future. It goes without saying that, whether we like to admit it or not, that not much can be achieved without money. A strong financial setup can allow you to focus your time elsewhere in pursuit of success and reduce your stress levels.
So, as a teenager, what can you do about this?
If aren’t already, put yourself out there and start working. It doesn’t need to be the perfect job as what you do with that money is more important.
You can save that money and you can invest it. With investing, there is inherent risk, but with savings rates an all-time low, your return will be negligible. If you can learn to invest properly, you increase your odds of success.
But how does someone learn how to invest?
We at Loved believe each and every kid has what it takes to be a wonderful investor and we know that even the smallest dedication to learning the best ways to approach investing can reap many rewards.
Learning a new investing term everyday through the Loved app will only take you a few minutes but in the long term, it could make the world of difference.
Imagine, too, that you took it to another level and started consistently watching YouTube videos or listening to podcasts that taught you something unique about investing. Even if you don't take much from a particular video or podcast, the fact is that you learned something you didn’t already know, and you can now use that knowledge to make more informed decisions. Instead of getting trapped in social media, watch a video on How to Invest Money as a Teenager or The Life of Warren Buffett. Whatever it may be, do something different and think long term.
Educating oneself goes hand in hand with using your time wisely. It doesn’t mean we should always strive to be learning but there should be a healthy balance between television and homework, or video games and SAT prep, for example. Without balance, our education is affected. We need to feel invigorated and stress free if we are to learn.
In what ways can I educate myself as a teenager for a better future?
Well, you’re probably in school and so already you’re learning the foundations of Math, Computer Science and English. You have a good base to build off. But there’s a great deal to learn outside of the classroom and whether you’re striving to be the next big musician, accountant or zoologist, there are few things we can all learn that can better prepare us for a successful future.
- Watching videos that simply explain how things work is one of the best ways to educate yourself while also having a good time. How many of us know how the internet or stock market really works?
- Listen to podcasts that helps you build a foundation of productive habits to progress in your work. Take it one step further and go for a quick walk while listening to spur more engagement.
- Really think about your goals and what you want to achieve and build a plan accordingly. Reach out to people, ask for their advice and get the ball rolling. Start paving your perfect path.
If you're ready to take that first step and invest in stocks as a teenager, you're in luck
We at Loved, are doing everything we can to make it as easy as possible for you to invest and start working towards your goals. With our fee-free custodial account that has no account minimums, you can start investing as a teenager in companies and ideas that you believe in. Moreover, to increase your probability of success, we want you to be educated in all things finance and investing and through our videos and blog posts we aim to do just that.
While your habits and education are what separate you from the rest, having a solid financial backing can allow you take risks when other can’t.
Take the leap and join Loved today