Teen Investing Made Simple : The Life-Changing Guide to Achieve Financial Freedom, Retire Early, and Live Your Dream Life – Even on a Tight Budget by Lauren Douglas

Chapter 1: Investing Early
“Never depend on a single income. Make an investment to create a second
source.”
— Warren Buffett.
Do you want to learn the secret of the young and famous? It’s usually early
investing.
Let’s be honest here; most people don’t want to learn about investing. We
all want to spend our money, go shopping, travel, and spoil ourselves. You
are probably thinking, “Why do I need to learn about investment now? I am
too young to start worrying about the future.” It is never too early to start
saving and planning for tomorrow. Learning about investing is necessary no
matter how young you are. In fact, it is better to start sooner than later.
In this chapter, we will explain the concept of investing, why you should
start early, and how to make your very first investment.
What Is Investing?
Investing is a process that allows you to make a profit and increase your
money by putting your savings into something that will generate consistent
returns over time. It usually involves buying stocks, starting your own
business, or buying assets like real estate that you can rent or later sell when
the market is profitable enough. In other words, investing is any endeavor
that allows you to make more money than the initial amount you started
with. It requires both your money and your time since you have to commit
long-term to an investment that will, in time, improve your life and future.
The asset you purchase and generate profit from is called an investment. It
usually refers to the things that increase in value over time, like gold or real
estate. An investor is a person who puts money into an investment to make
a profit.
Don’t confuse investing with saving. Saving is putting money aside so you
can use it later to fulfill short-term goals or make a big purchase in the near
future. Saving doesn’t generate a profit, but it is safe and low-risk. Whether
you put this money in a savings account or give it to your mom for
safekeeping, it is easily accessible. On the other hand, investing is usually
for long-term goals like retirement, and it aims to generate profit and grow
your money, but it requires commitment and patience. Your money isn’t
always available since most of it is in stocks you will need to sell to
withdraw.
Why You Should Invest Early
We always think there is still more time to invest and worry about the
future. You probably tell yourself, “I will start investing after I buy a new
phone.” Or “I will invest when I graduate and have a steady income.” Many
young people often associate investing with businessmen or older people in
suits working on Wall Street. However, things have changed as we now see
many teenagers taking this step and getting rich at a very young age.
Brandon Fleisher, who is now in his early twenties, made over one hundred
thousand dollars when he was only 17 years old. He started investing at the
age of 13. Fleisher was introduced to the world of investment when he was
in the eighth grade. His math teacher asked the class to choose a stock and
follow its performance. Instead of choosing popular stocks like Starbucks or
Apple, Fleisher decided to follow Avalon Rare Metals. To Fleisher’s
surprise, the stock hit an all-time high. He discovered that he had a knack
for investment and decided to try his luck with fake stocks. Fleisher was so
good that he impressed both his parents, who decided to help him and gave
him $48,000 to invest. In two years, he made $147,000.
Even if your parents don’t give you thousands of dollars like Fleisher, you
can still invest a small amount and make a profit in the long run. Don’t let
your age or the amount of money you have prevent you from investing
early. Just like exams, do you get the same grade when you study and
prepare early or when you wait until the very last minute? Investing at an
early age can be the best decision you will ever make. If you ask any
investing expert, they will all tell you one thing, invest early.
Warren Buffet, one of the richest people and biggest investors in the world,
made his first investment when he was ten years old. He made his first
million when he was thirty. He is living proof that early investment can be
the secret to wealth. Investing isn’t easy, and it takes time to understand
stocks and the market. By taking this step early on, you give yourself a

Teen Investing Made Simple : The Life-Changing Guide to Achieve Financial Freedom, Retire Early, and Live Your Dream Life – Even on a Tight Budget by Lauren Douglas