Follow me on Front to view my full investment portfolio:
How’s it going today guys so to apologize in advance if my voice is a little bit coarse i have like a wicked sinus infection or some kind of cold one on and just kind of started feel better so if my boys did sound kind of weird that’s probably what’s going on with that but or i just haven’t weird sounding voice and this is the first time you’re hearing it but one of
Those two well anyway what i wanted to talk about today this is actually a question i get frequently from you guys because i do a lot of videos about investing in the stock market and so i know a lot people ask me like how do you get that initial money saved up so if you’re in your teens and you want to learn more about investing and you want to save up some money
So when you turn 18 you can open a trading account how do you go about saving up that first thousand dollars now this doesn’t just have to apply to people who want to invest that money maybe you want to save up money to buy a car or save up money for college or whatever you might want to save up money for and the dollar amount doesn’t have to be a thousand it could
Be more but these are some ways you can start saving up money on at any age and what i’m going to do is i go through these i want to tell you which one of these is i’ve done myself just so you know if they work or not i mean i don’t like to just throw stuff out there that i haven’t done myself a lot of these things i have done myself but i have made money doing
These things too so i’m going to tell you about my personal experience with these as i go along here too but first one it’s pretty simple guys um you know that change i know one of those aren’t paying with cash anymore so maybe it doesn’t apply to you but even i do i sometimes i had cash on me and i honestly i true my change in forever sometimes i’ll literally throw
It on the ground like i’m walking out of a place i hate change you know if there’s anything leave a penny taking penny things i’ve literally left like 98 cents there before because i hate carrying change so my total of like 402 i gave them a 5 i’ll buy throw the coins in there they’re like that’s not what the dollar for me i was like i don’t care i want to turn it
To change but if you’re really really trying to save as much money as you can keep your change in your pockets from the day and start a cornea or at home i know it doesn’t sound like you could save this way but the amount of money especially if you pay cash for everything the amount of money that you’re just throwing into those take a penny leave a penny or just
Throwing around similar or buying gumballs with that adds up over time so the first thing i’d recommend to you is stable all of your change okay and then roll it yourself um don’t waste the money going to coinstar i know they have the convenience at home just come dump along or change it but the last time i did coinstar i was with a friend and i think they took
Don’t quote me on this 9 cents on the dollar so you’re right off the bat losing 9 percent of your money because you don’t want to roll it so if you had if you had 200 bucks and change that’s $18 that you’re losing just because you don’t want to roll your coins so i would recommend saving up your change and then maybe every month or two take a saturday morning get
Some coin rolls to roll your coins and save that up okay over time that will be a good amount of money i mean i have a close family friend of mine who saved his change for like four or five years and then i sold my would help them out i said look how cool your change the do will kinda you know hang out roll so change we roll over a thousand dollars just in coins
From three years time so if you’re looking to save up money if you’re buying cat if you’re buying everything with cash save your coins right there in three years this guy had a thousand dollar coins sitting in jars in this bedroom so that’s one way you can start saving up some money and you can do that at any age number two this is something i do this myself to
Cashing your cans and bottles don’t just throw them in a single stream recycling that’s what i you i basically get annoyed with the fact that you know i don’t want to wash out the cans i don’t want to wash out the bottles and i also don’t want to bring back stinky returnable to get all that nasty soda crap on my head for me the five senses just not worth my time
But if you have the time wash out your cans and wash out your bottles and save them and then every month bring them to the recycling center cash it in for your five cents uh if you’re a younger person – i don’t know how well it to work for an older person so don’t try this at your older but if you’re like a young person you still have that cuteness appeal to you
Go door-to-door your neighborhood and say look i’m trying to save up money for my college you is it possible that i could have your returnables and if you got any old people in a wonder you know people who really like you they might say you know what you can have our returnable they might appreciate the effort that you’re putting into it so if you’re a young person
Go around your neighbor or talk to your grandparents or your other family members and say look i’m trying to save up for my college fund for my first car can i have your returnables and they might you never know they might wash off the cans and bottles for you and leave them out for you if you return so there’s some money right there for you and you can do that at
Any age but i just don’t know how well that would work if you’re like a 40 year old guy going door-to-door hey can i have your returnable i don’t think that’s going to go as well but hey might as well give it a shot i don’t know number three this applies more to older people but this is something i’ve done myself on check your state and government sites for any
Unclaimed fund on what this is is if there’s any money owed to you that the person who owes you the money they can’t get ahold of you they will surrender the money either to the federal government or to the state offices and then you can go online and check using your last name and see if there’s any funds that are in your name that you can claim that’s basically
Your money they don’t know how to get ahold of you so they surrender it to the unclaimed funds registry or this list of all these funds that are owed to people for this video i actually checked my name out of curiosity and i found an unclaimed fund from sprint i don’t even know where that came from i haven’t had sprint at my carrier for like four years now but i
Had an uncleaned fund from sprint that i didn’t even know about so there’s free money right there that is owed to me and they don’t know how to get ahold of me so check for unclaimed funds if you’re over the age of probably 18 where you have accounts in your own name or you’re paying for your own bills that’s generally where you’re going to get unpaid fund number
For self small high-value items you don’t need anymore on ebay um i just recently did this um i used to be really into the nintendo entertainment system collecting all the games and i go to a garage sale and i would buy any nes cartridges that i could get hands-on because i like the game that i played them all the time so then as i got older i lost interest in
That i boxed them all up i true in my closet and i forgot about them well over the summer i dug them out but my closet i found them open them up dust them off and i’m like i don’t use any of this stuff i might as well get rid of it so first i was just going to throw my craigslist and be like okay you know i got i got 15 games here five bucks a game you know come
Take them but then i said you know what i know some of these did have some value to all i don’t know what they’re worth but i took up good pictures of all of them label them all itemized them on ebay and i made almost $400 selling all those games i don’t know what titles are in there done but there was some hot title that people watch it so i was about to let it
Go for like i don’t know 5 times 15 it’s like 75 bucks i was about to sell wall for 75 bucks i went on ebay and i got almost 400 so if you have any small items collectible items things that are at high value you’re going to hit your best money on ebay so if you have stuff that you used to collect but you don’t care about anymore let that stuff go on ebay guys get
That money and save the money up the other thing you can do – like i said i got a lot of those games at garage sales start going to garage sales in your area look for stuff that people are selling that they don’t understand the value of a lot of people are selling on records and video games is a big thing – a lot of people sell old video games they think they’re
Worthless there’s a lot of value in those if you know what you’re looking for you could also go to like salvation army or goodwill one of the things i used to do – i get a lot of stuff so i know it sounds like i’ve done a little bit of everything i really have one of the things i used to do without 16 years old i used to go to a salvation army near my house and
I would buy vintage levi’s i knew which ones to look for and i would buy vintage levi’s for like five dollars and there is a couple pairs i sold through i think 30 or 40 bucks and so for me you know it did take a little bit of time to drive there you didn’t always find some but when you did find some when you sold them it was a nice little way to make some side
Income if you don’t have a lot to do and you got a lot of free time to go scrounge salvation army’s at this point my life my time is my most valuable resource so it wouldn’t be worth it for me right now to go to a salvation army and go digging through gene wrecks to try to find levi’s but for a young person i said great waited that’s a great way to make some money
Look up vintage clothing and learn about what kind of things to look for and start digging through salvation army’s and goodwill stores there’s all kinds of stuff that you can sell garage sales to a lot of people talk clothing at garage sale number six if you are tech savvy at all you have any services that you can do online if you’re into graphic design video
Editing maybe you do voiceovers so maybe you make logos on post eight gig on fiverr and people will pay you five dollars or more for your service online i tried fiverr i don’t know it’s tough to get started on fiverr and i put that way it’s hard to get your first couple of sales on fiverr in me i mean i think your best bet is to maybe if you know some people have
Them by your gate for you for them or they’ll buy the gig for you and give you a good review just to get established because people are very very skeptical if people have no reviews on fiverr so i personally haven’t had much luck with fiverr but i think if you made it your mug your main focus and worked at it more you could have luck on fiber i mean you can read
Articles guys about people who are making not not a thousand dollars they’re making six-figure incomes alone on fiverr there’s some serious money to be made out there and the one thing i will say about fiber guys i’ve ordered a lot of stuff on fiber i cannot tell you some of the crap i’ve gotten from fiverr i’ve got some really really really really bad work support
Rot even like contacted the seller and i’m like hey you need to fix this or i’m going to ask for my money back so don’t think that it’s like these experts out there there are some stuff that i’ve seen that was like i thought a four-year-old did it i mean so it’s not like it’s not the best of the best on fiverr i’m going to put it that way to put it politely so if
You’re pretty good at something you don’t have to be perfect at it to go on fiverr i’m going to put it that way number seven if you’re old enough you don’t get a part-time job or do so jobs on craigslist or do a neighborhood service i’ve done all these things basically i got my first part-time job when i was fifteen i was actually working at we had a county fair
That would come around and they would have jobs that they need two people for one week during the summer to work at the fair so i did that that’s my first job and then later in that summer i got a job at a grocery store just you know doing cars in the parking lot for i think my first paying job i made seven dollars and 35 cents an hour which was five cents more
Than minimum wage at the time so i was like man i’m a baller i’m making more than minimum wage and then i also did the neighborhood services – i was 12 years old started my first lawn mowing business so i during the summer you know i went door-to-door at the beginning of the summer said hey you know i’ll mow your lawns for 20 bucks i think my best summer i had –
Maybe i maybe was two or three people i mother-in-law every single week so i to be honest with you guys at twelve years old to make sixty bucks a week tax-free that’s 250 bucks a month – forty to fifty they would kiss me once in a while so probably more like 250 that’s a little bit of change you know in your pocket especially if all you’re making at that time is
Money from your birthday from the holidays so to kiss to you 250 a month it’s not too bad i mean obviously if you live like for me it was only four months out of the year because of the grass obviously during the winter didn’t need to be mowed but you could also just shovel driveways in the winter if you really want to do that number eight if you’re a little bit
Older and you’re eating outside of the house buying your own food one of the biggest ways you can save money which will help you make money because you’re shaving it use coupons at the grocery store and eat your food at home i can’t tell you how much money people waste going to the drive-through and buying forward to drive through that is such an incredible waste
Of money especially because the stuff that you’re buying you can make so easily a home for it next to nothing one of the things i can’t believe is how much breakfast sandwiches cost now like if you go to mcdonald’s or something you want to get up thank you muffin or whatever i believe the hell’s there buy coffee i think it was like 350 for an egg mcmuffin and i’m
Like you can get a dozen eggs for like a dollar fifty you can get sweets english muffins for under two bucks and you can get some american cheese and some ham you could probably make like five or six of those things for the price of one of those so blew my mind that people paid so much for breakfast sandwiches because you just make that stuff at home give yourself
Ten minutes in the morning that’ll save you a lot of money i didn’t use coupons too when you can when you go to the store buy stuff on sale and use coupons and any money they received and put it into your little nest egg build up two thousand dollars number nine i’m not going to lie i have never done this but there were a lot of people that said you can go online and
Find sites where you can complete surveys for companies and they’ll pay you per survey or you can use a paid search engine i don’t think you’re going to make a ton of money off this i don’t think anybody sitting at home making $500 $1,000 a month doing surveys online maybe i’m wrong but i’m very skeptical about this one but you might be able to make a little bit of
Money doing surveys online or using that paid search engine it depends on one’s worth it to you i mean if you can make one or two dollars a month using a paid search engine if that’s worth it to you then there’s money to be made there for me it’s just not worth the annoyance and then number 10 i like this one a lot too and this is something i never really got paid
For but i would love doing it because maybe as you can tell i really enjoy teaching you know telling things to others and just kind of share my own experience unless most love doing that so i i used to teach people a lot especially in college because i was going through a lot of a complex electrical theory and i kind of caught on to it a little better than some
So i would do a lot of teaching to my fellow students but if you enjoy school a lot and you’re really good at a certain subject or you know a foreign language you can make a little bit of money being a paid tutor or paid translator after school hours so maybe if there’s somebody struggling in the class you know reach out to them and say hey you know maybe or maybe
You can talk to your parents maybe we can get some tutoring going on on and that would be great for you because it’s going to make you feel really good if you help that person do better in school and you’re also making a little bit of your services – but that’s pretty much ten ways guys that you can save up your first thousand dollars and i know a lot of people
Are concerned because you know they’re not old enough to work yet but there’s a lot of ways that you can make money without working at any age it’s just a lot of it sounds like work because it is work there’s a lot of people out there that are selling these like get-rich-quick schemes and like all these things where they’re like oh it takes very little work it’s
Very easy to do it won’t take much of your time there’s not a lot out there is nothing that i’ve found that makes you a lot of money that doesn’t take a lot of work so i mean if you’re willing to get out there and cashing your bottles and seam up your change and roll your coin and go to dried shells and look for stuff to sell on ebay or you know get on craigslist
And sell stuff on craigslist i almost think i skip the number five i don’t know if i skipped number five minutes the number five was just so larger valuable items on craigslist or have a garage sale so like four or five kind of go hand in hand i’m pretty sure i skipped it so we had it back step there and do number five no big deal well yeah the money’s happen do
We need it’s just a matter of if you’re ambitious enough and if the effort you put in is worth the money you get out of it and then once you see it’s been initial thousand dollars or if that’s your goal to get into investing at that point then you have that nest egg built up you can use to invest or maybe it’s going towards your first car or towards education but
There’s definitely money out there to be made but i pretty much all i got for this video guys if you enjoyed it please just take a second and drop a like below and then subscribe to be notified of future uploads and thank you guys for watching this video
Transcribed from video
10 WAYS TO MAKE $1000 🤑 How To Make Money At Any Age! By Ryan Scribner
