Have you ever thought of becoming a billionaire as a kid? If you have had this thought as a teenager, a college student, or a college graduate, I congratulate you. However, if you wish to actualize this “big” dream of yours, you’ll need to figure out some things. First off, you’ll need to figure out if becoming a billionaire as a kid is possible. Afterward, you’ll need to figure out how to become one.
It is possible to become a billionaire as a kid, however, this is not common. You’ll need to figure out how to make money via means like: blogging, online surveys, creating content on YouTube, becoming an investor or open your own business.
Becoming a kid with a net worth of over $1Billion may be farfetched, but it’s possible. After all, the world’s richest kid, Prince George Alexander Louis, is worth approximately 1 billion dollars. In this article, we’ll look at a few money-making opportunities that could pave the way for your billionaire dream.
How to Become a Billionaire as a Kid?
Warren Buffet, Jeff Bezos, and Elon Musk are among the wealthiest men alive, with a combined net worth of almost $1tn. Of course, these men are role models to several Americans, including individuals in other parts of the world.
If perhaps, you are a fan of one of these wealthy folks, the thoughts of being as wealthy as they are would have crossed your mind, and you may have probably brushed it off because of your age. However, you must note that you can attain billionaire status regardless of your age or where you live.
Here are a few things to note if you wish to become wealthy:
- Introduce yourself to money early on:
Are you a kid? Do you wish to follow the footsteps of the likes of Jeff Bezos, Elon Musk, and co? If yes, you need to learn fast. What should you learn? Anything related to money!
You’ll need tounderstand the importance of saving, learn how to save, budget, pay bills, invest, manage credit cards, etc., if you want to smash your money-making goals.
- Be wary of instant gratification:
If you want to attain billionaire status, you’ll have to steer clear of instant gratification. But what is instant gratification?
Basically, instant gratification is the urge to experience pleasure or fulfillment without any delay or hindrance. It is when you want it, and you don’t want to wait even a sec for it.
Aside from steering clear from instant gratification, which in this case means wanting to be a billionaire overnight, you should also inculcate the habit of setting goals and looking at big pictures. Furthermore, you’ll need to understand the importance of patience. Most of the billionaires on the Forbes rich list exercised lots of patience before getting to where they are now.
Few Tips Which Will Help You Start Your Journey to The Billionaires Life:
- Start a blog
Do you know that there are more than 600 million blogs worldwide? As a kid, you can establish your blog and join the bandwagon. Starting a blog can be very lucrative. While this may not be enough to help you be a billionaire, you could use proceeds from the blog to venture into something that may help you achieve billionaire status. That said, how do you make money via blogging?
You see, there are lots of ways to monetize a blog. Your potential income depends solely on the size of your audience. While some bloggers take years to discover their niche and build up a following, others can get into the thick of things and start making money fast. All it takes is some engaging content that people want to read.
You can make money from your blog via:
- Ads
- Affiliate marketing
- Sponsored post
- Take online surveys
Online survey is an easy way to make money. Again, if I am being realistic, becoming a billionaire via this means is impossible. However, if you make enough money from online surveys and invest it wisely, you should have a shot at growing your net worth significantly.
On average, you can make a monthly income of $250 with an online survey platform like Survey Junkie. Lots of companies have applications that are searching for honest answers to basic questions. The surveys are tailored to help advertisers get a better insight into certain demographics. While some survey sites are designed for adults, some are looking for the inputs of 12-year-old kids, including younger children.
Popular survey sites are:
- Swagbucks
- Survey Junkie
- InboxDollars
- Pinecone research
Ensure you check out the sites to know if you qualify. If you do, you can get paid in cash points or even gift cards. Either way, you’ll be rewarded for your effort.
- Create a YouTube Channel
Ryan Kaji, a nine-year-old YouTuber, was deemed the highest-earning YouTube star in 2020. Based on a report from Forbes, he earned almost $30 million from his channel. If Ryan, a nine-year-old can make so much money, why can’t you?
To make megabucks off YouTube, you’ll need to be creative. Come up with video content that can thrill and engage people. Also, you’ll need to know how to market your YouTube page to gather enough subscribers as you’ll need it to scale up your earnings.
NB: You have to be at least 13 years old to create a YouTube account. But, if you involve your parents, your chances may grow even more.
What Does the Bible Say About Borrowing Money?
How Can a Teenager Become a Billionaire?
You are 14, 15, 16, or 17 years of age. You admire Elon Musk, Jeff Bezos, Mark Zuckerberg, etc., due to their immense wealth. Of course, you want to be like them. However, you need to know if you have a chance of becoming a billionaire as a teenager. If yes, how do you go about it?
A teenager can become a billionaire by investing early, using their credit cards responsibly, buying assets and not liabilities, and looking for ways to become a more effective learner.
Becoming a billionaire as a teenager isn’t easy. It involves patience, hard work, perseverance, and knowing what to do. Thus, quell the thought of becoming a billionaire overnight, as such can be likened to a pipedream.
