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’re 15, don’t listen to anyone telling you to play it safe. You couldn’t be at a better stage to have financial drive at this age bc it afford you to take risks. Obviously don’t be dumb with it, but if you’re wanting to start a business or something, research it, identify a need, and go for it.