gerrymandersonIII@alien.topBtoEntrepreneur•15 year-old with $1400.. what should I do?English
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1 year agoThere’s no chance 1400 turns into 5100 in 10 years in an index fund.
There’s no chance 1400 turns into 5100 in 10 years in an index fund.
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.
I thought about doing one of those giant mirror wedding photo “booths”.
How do you transport/ get into the building? What’s the cost per booth? How many do you have? What’s the size of the city you’re in? Do you have employees? If so, how many? What’s your pricing structure look like? How many weddings do you supply annually to hit the numbers you do?