As the title said, I’m 15 years old and have AU$1400 saved up. I no longer have a job and am working on a small business of mine, which has just $300 in revenue in the last few months.
The reason I’m here is because I’m not sure if I should invest in some compounding assets or something else, and if I should educate myself on stocks/dividends before making a decision?
I have read finance books such as Rich Dad Poor Dad, the Warren Buffett Way, and others, so I do know a lot about finance/business considering my age.
I previously had a job as a dishwasher for AU$16 per hour, and so I got $1700 from that after working for 5 months.
If I should ask this on a different r/, please direct me there so I can figure out what I should do :)
You might wanna get an education. Something in economy(like entrepreneurship and new business) or law could really catapult your future to different heights. 1.4k really isn’t a considerable amount to get anything going on that scope. It’s gonna feed you and pay rent for a bunch of weeks at best.
Becoming successful usually takes a lot of time besides dedication. You don’t wanna be washing dishes barely hanging by working full time without any money to invest in your business ideas.