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  • Writer's pictureAshutosh Singh

How to become rich as a teenager

Let’s get straight to the point – everyone wants to become rich, but when you’re a teenager, you may not have a direct source of income. So here are some ways by which you can become rich during your sweet teenage itself:

1. Start a side hustle. This could be anything from tutoring younger kids to dog walking. There are many ways to make money on the side, and it's a great way to start learning about entrepreneurship and earning potential.

2. Ask your parents to invest your pocket money in stocks and bonds. The stock market can be a great way to grow your wealth over time, but it's important to do your research and understand the risks involved.

3. Start a blog or YouTube channel. If you have a passion for something, you can turn it into a money-making venture by starting a blog or YouTube channel. You could also consider becoming an influencer on platforms like Instagram and Koo.

4. Freelance. There are many websites that connect freelancers with clients. This is a great way to use your skills to make money on your own terms.

5. Take online surveys. This is a quick and easy way to make some extra cash. It pays little, but if you have enough free time, you can earn a lot.

6. Get a part-time job. This is a classic way to make money as a teenager. Child-labour is banned in India, but early work-experience of an interested teenager in a quality field isn’t.

7. Do chores for people in your neighbourhood who might be willing to pay you.

8. Become a tutor: If you're good at a particular subject, you can teach other students and earn some money.

9. Sell your old clothes or belongings. This is a great way to declutter your closet and make some money at the same time.

10. Enter contests and giveaways. This is a long-shot, but it's possible to win some big prizes if you're lucky, so keep scouting until you find the destined one!

11. Start your own business. This is the ultimate goal for many entrepreneurs. If you have a great idea, don't be afraid to take the plunge and start your own business.

These are some of the things that you could try. If you are unable to try any of the above, don’t worry, you can always grow rich by contributing to your family’s economic level. Teaching your parents to plan product-buying in advance through genuine SNBL apps like Blance would be a good start.

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