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 :)

  • nathank000@alien.topBEnglish
    1·
    1 year ago

    1. Save half - put that away to pay your future self for the work you have already done

    2. Education - find some marketable skill you are interested in and study it. Programming is taking a turn these days with the advent of AI assisted development. Dev however is still needed and a very marketable skill that can be learned with time and practice XR is still a big area - developed with Unity and C# Blockchain is still big - solidity, rust Web is still going - python and JS AI is python, and JS for implementing

    Sales is always in demand - selling someone else’s product is a viable way to learn This is soft skills or as we call it - power skills. Learning to get to a yes/no quickly, understanding folk’s drive and goals and build determination and regimen.

    1. 3D product expansion - testing, creating/customizing other 3D products for sale. I for one have happily paid for an AirTag badge holder that I use everyday. Ex: https://www.etsy.com/listing/1165957764/3d-printed-apple-airtag-1-3-badge-holder There are many enhancements and customizations that could be made If you are into gaming and that’s your community, there is a possibility to 3D print avatars and characters Rarity also enhances the experience - creating one of a kind keychains based on in game accomplishments allows for peoples collector instincts to kick in.

    Is there a way to grind (pay someone else to?) for in game achievements and resell those?

    As for stocks - you can learn without spending your money if you want to: https://www.investopedia.com/simulator/