I am young (16), competitive, I get good grades and I don't use drugs or alcohol. How can I get rich at 25?

Updated on : December 3, 2021 by Elliot Baker



I am young (16), competitive, I get good grades and I don't use drugs or alcohol. How can I get rich at 25?

My best and most honest answer to you is this, you have to be incredibly lucky. Yes, good luck.

I know you list qualities that you think could entitle you to be successful, but those qualities are much more common than you think. Just look around at your school, ask yourself if you are the most extraordinary person in your school, if the answer is no, you already have problems :) I doubt your school has more than a few thousand children, so statistically speaking, Yes You are not even the most special of a few thousand, how are you going to beat the odds of reaching $ 500 million in 25?

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My best and most honest answer to you is this, you have to be incredibly lucky. Yes, good luck.

I know you list qualities that you think could entitle you to be successful, but those qualities are much more common than you think. Just look around at your school, ask yourself if you are the most extraordinary person in your school, if the answer is no, you already have problems :) I doubt your school has more than a few thousand children, so statistically speaking, Yes You are not even the most special of a few thousand, how are you going to beat the odds of reaching $ 500 million in 25? That kind of probability is one in millions of two digits. Ask yourself, do you feel lucky?

Yes, intelligence, good grades, competitiveness, and they all seem like good contributions to future wealth, but that's just as conventional, too. Think about it for a moment, the goal you have set is too far away, how can mainstream media give very unconventional results? You are not likely to be afraid.

I'm not pouring cold water on you to belittle you, the reality is that you need a dose of healthy skepticism yourself.

I was sixteen when I came to the United States, without special skills, knew little English, probably did not code. I never set out to get rich. I am now in my 40s, despite my best efforts, I have yet to reach $ 500 million in net worth. I could get there in a year or so depending on my company's explosive growth. I consider myself extraordinarily lucky, many things went well for me. But there are so many ups and downs in the process that most people would have given up much sooner. I wrote about my experiences on Quora a year ago. Part of the reason I write about my own experiences is exactly the kind of question that people like you ask.

The answer of someone anonymous to How can you be part of the 1%?

Sure you can. But first you must ask yourself what you are willing to sacrifice to make that happen. And by sacrifice, I don't mean cheesy things like "I'll do anything to make it happen", I mean much more abstract things that you love more than your time.

For example, are you willing to look like a fool to everyone: your family, your friends, and that hot girl at the bar? Are you willing to give up your pride and fail, maybe several times, and then get back in the fight and do it again?

Those are the sacrifices that most people cannot make (including me). It is really difficult to build t

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Sure you can. But first you must ask yourself what you are willing to sacrifice to make that happen. And by sacrifice, I don't mean cheesy things like "I'll do anything to make it happen", I mean much more abstract things that you love more than your time.

For example, are you willing to look like a fool to everyone: your family, your friends, and that hot girl at the bar? Are you willing to give up your pride and fail, maybe several times, and then get back in the fight and do it again?

Those are the sacrifices that most people cannot make (including me). It's really hard to build the dream over and over again (like the Sisyphus myth) only to fall apart. Meanwhile, his friends are getting married, have children, earn a good income, live in big houses, drive new cars. You're probably still driving the car you got in high school right now.

However, you can. There are two things that I observe that are critical:

  1. Fail early, fail often. It sounds counterintuitive, but the truth is that most ideas are not good. Chances are you have an idea early, it's too late, or you can't put together the right team. There are a thousand reasons why things don't work out. Learning to discern between a lost cause and an idea that, with a little more work, would flourish is a fundamental skill. Most successful people fail, like many. It doesn't mean you shouldn't work hard, work hard, but it does mean you need to know when to cut losses and move on.
  2. Learn to use other people's money. To reach the level you are talking about, you will need to take advantage of other people's money. Get comfortable asking for money, get comfortable with the responsibility of managing your money. Know the legal structures that this type of investment requires (LLC, LP, C-Corp, etc.) and when to use each one. This is closely related to learning to use other people's talents. Most of the successful people I know don't have the skills to do their own business, but they are good at building teams. If you want a tech company, you don't need to code, but you do need to hire and manage people.

I'm probably a terrible person to take advice. You remind me a little of myself. I was competitive, I did all the As, I excelled in all the extracurricular activities. I thought the world would be ready to hug me when I got there ... I was wrong! I found out that the world was ruled by scrappers, guys who did everything wrong and had to figure out how to survive.

You could have an advantage. Charisma and intellect go a long way in this image-centric world. You could take advantage of that to build some awesome stuff if you're willing to make the sacrifices.

We share a goal.

Now if you * want * to argue, send me a message here.

16 year old wants to print a money making machine for him.

Sounds great.

Few guys your age * understand * that money will make them happier.

And even if you don't make everything possible, having money ensures that it never falls apart.

Better to cry in a lambo than nowhere.

And still, that's just one perk of being filthy rich.

It is totally achievable.

Still, he wouldn't call 500 million at the age of 25.

However a few million?

Sounds great to me.

How do you get there?

Well, with the help of the Internet it is easier than ever.

There is a

Keep reading

We share a goal.

Now if you * want * to argue, send me a message here.

16 year old wants to print a money making machine for him.

Sounds great.

Few guys your age * understand * that money will make them happier.

And even if you don't make everything possible, having money ensures that it never falls apart.

Better to cry in a lambo than nowhere.

And still, that's just one perk of being filthy rich.

It is totally achievable.

Still, he wouldn't call 500 million at the age of 25.

However a few million?

Sounds great to me.

How do you get there?

Well, with the help of the Internet it is easier than ever.

There is a cool guy who invented Snapchat.

Super simple application.

Made millions.

I do not suggest you go this way.

It is too random if you will make money or not.

Apps ... unless you have a knack for technology, avoid them.

Not that it sucks.

Either you are a genius or you create a great app and pay for the advertising.

IE Tick tock - so many ads in this case!

I suggest you make a name for yourself on the Internet.

Create a website right now.

Pick a topic, whatever.

And discuss it with thousands of blog posts.

From a to Z.

Talk about everything on this topic.

Readers will come.

And by the day you turn 20, you will already have a great community.

Capitalize.

Simple shit.

Business = traffic + offer.


Do you want to know why I am angry? And why you * must * be angry?

I can already tell you that you are not very motivated. Being motivated by money is not the way to go. Also, nobody cares about your age, but I'll tell you mine to make my point easier. I am 15 years old (younger than you) and I can program in 3 languages, among other skills. I taught myself everything I know. This is because I was motivated by my love of programming, not my love of money. Now I have skills that I can use to earn money, but I didn't get them due to my lust for wealth. You should be asking yourself, what do I want to do that requires so much money? So just aim to earn enough

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I can already tell you that you are not very motivated. Being motivated by money is not the way to go. Also, nobody cares about your age, but I'll tell you mine to make my point easier. I am 15 years old (younger than you) and I can program in 3 languages, among other skills. I taught myself everything I know. This is because I was motivated by my love of programming, not my love of money. Now I have skills that I can use to earn money, but I didn't get them due to my lust for wealth. You should be asking yourself, what do I want to do that requires so much money? So just aim to earn enough to do that. That should be your motivation. Also, you must learn to make your own way. Saying "I run clubs at school and I don't do drugs" puts you on a formulaic path toward a formulaic life. If you keep trying to get rich the way you are, you will be miserable, even if you run into the money. So, as trite as it sounds, you should:

1. Avoid living a formula-based life. A standardized attitude leads to a standard life.

2. Do what you do because you like to do it, not for money. If you are good enough, the money will come.

3. Understand that money is not what makes people happy. It is simply an enabling tool that gives people the ability to continue doing what they love to do.

On the other hand, I am young and therefore I do not know the validity of my intuition.

Masoud Alimadadi's answer is a great example of what is wrong with Quora. It doesn't address OP's question in the slightest, but it is the most voted answer because it is politically correct, meaning money isn't everything. Whether that's true or not is beyond the scope of the question, and I imagine the last thing the original poster wanted when it asked the question was for someone to impose their beliefs about money and wealth on it.

This type of response can have a negative impact. Yes, OP is unlikely to reach $ 500 million by the age of 25, but who are you to discourage?

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Masoud Alimadadi's answer is a great example of what is wrong with Quora. It doesn't address OP's question in the slightest, but it is the most voted answer because it is politically correct, meaning money isn't everything. Whether that's true or not is beyond the scope of the question, and I imagine the last thing the original poster wanted when it asked the question was for someone to impose their beliefs about money and wealth on it.

This type of response can have a negative impact. Yes, OP is unlikely to hit $ 500 million by the age of 25, but who are you to dissuade him from trying? Who are you to tell him that $ 5 million is the same as $ 50 million is the same as $ 500 million? Yes, you should be happy and grateful for what you have, but there is nothing wrong with wanting more for yourself either.

Most people have been led to believe that money = greed = bad. The point is, the amount of money you have generally correlates to the amount of value you have created for others. Someone worth 500 million dollars will have helped thousands or millions of people solve some kind of problem or desire.

My advice to OP: Get off Quora and read real millionaires and billionaires books. I recommend Felix Dennis's book How to Get Rich. You are likely to get more out of that single book than you could ever get from any answer on Quora (including mine). Study the people who made $ 500 million for 25 and learn how they did it. The best advice is from someone who has lived the life you want and speaks from direct experience.

I think you need to lower your expectations a bit. $ 500 million is not a realistic figure to achieve in 9 years. Yes, you could be lucky and develop the next Facebook, Google or Apple, but even with that, a great challenge.

The best way to earn a lot of money, even millions, is to start your own business. Now. Yes, I know you are 16, but you can still start designing websites for individuals and small businesses. Once you have some experience and satisfied customers, it's a matter of scaling to achieve the income $$ you want.

For instance:

  • You start with a client and you go
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I think you need to lower your expectations a bit. $ 500 million is not a realistic figure to achieve in 9 years. Yes, you could be lucky and develop the next Facebook, Google or Apple, but even with that, a great challenge.

The best way to earn a lot of money, even millions, is to start your own business. Now. Yes, I know you are 16, but you can still start designing websites for individuals and small businesses. Once you have some experience and satisfied customers, it's a matter of scaling to achieve the income $$ you want.

For instance:

  • You start with a client and offer to design a website for $ 100.
  • After a successful design, he offers to provide ongoing support and maintenance for, say, $ 20 a month.
  • From this customer, in the first year, he earned $ 100 + 12 * 20 = $ 340.
  • The customer is happy and you pick up customer 2. Other $ 340
  • It starts to get efficient and you have ready-made templates and you can set up and maintain 10 a week. You are now making $ 3,400 per year.
  • Repeat and hire others to help you and double, triple or more the work and income.
  • All of this adds up exponentially and you would be at a million in no time.

Best of luck on the path you choose!

Hello fellow aspiring millionaire,

Do you want to be rich? Because being rich means a lot of money.

And you can't keep much of that money if you don't understand how money works.

Understanding money: Have you ever looked at a balance sheet and said “so what do these numbers mean? And why is there a minus icon (-) next to this number? "It all has to do with financial education (accounting). This is the key to becoming and, most importantly, staying rich.

Opportunity and information: Once you have reached a certain level of financial education, you can start looking for investment and savings opportunities.

Keep reading

Hello fellow aspiring millionaire,

Do you want to be rich? Because being rich means a lot of money.

And you can't keep much of that money if you don't understand how money works.

Understanding money: Have you ever looked at a balance sheet and said “so what do these numbers mean? And why is there a minus icon (-) next to this number? "It all has to do with financial education (accounting). This is the key to becoming and, most importantly, staying rich.

Opportunity and information: Once you have reached a certain level of financial literacy, you can start looking for investment and savings opportunities. You need to read and experiment as much as you can during this time. That is, you must recognize the difference between liabilities and assets. This, my friend, is the key to finding an investment opportunity that makes your money work for YOU.

Failure and Success - Once you are on the path to acquiring wealth, you will have to deal with many ups and downs. You will have to accept that because this is what it takes to be successful. Whenever you fail OR succeed, you need to understand that it is only temporary and is part of the game. You will be able to cope with failures very easily, but at the same time you will understand that each achievement is only temporary and that there is only a slump waiting for you behind the corner.

Good luck friend friend,

See you in the fast lane!

Very few people get rich just because that's the goal. You need to find something that you are passionate about and can create a solution for a very real need in the world. Yes, there are definitely people who started businesses when no one realized that what they are creating is necessary or even possible. What I would recommend that you do is start finding business mentors and people that you can look up to and learn from.

Reading a lot. Read blogs from leading people in an industry that interests you. If you want to start your own business, read business books as the Lean Startup Method. As a

Keep reading

Very few people get rich just because that's the goal. You need to find something that you are passionate about and can create a solution for a very real need in the world. Yes, there are definitely people who started businesses when no one realized that what they are creating is necessary or even possible. What I would recommend that you do is start finding business mentors and people that you can look up to and learn from.

Reading a lot. Read blogs from leading people in an industry that interests you. If you want to start your own business, read business books as the Lean Startup Method. By the time you're 16 on Quora, you're already way ahead of many other people your age. There are great people on Quora that you should follow to interact. You got off to a good start

the most honest answer is that you probably can't. The best way to have $ 500 million at 25 is to have $ 501 million at 24.

Most rich people have two things in common: rich parents and rich grandparents. If you live in America, you may be screaming about the land of opportunity and work ethic, etc. But that's just national marketing: Most rich Americans were born rich. In all likelihood, your financial luck was decided by you in the genes of your grandparents.

That doesn't mean you don't try, but it does mean your goal is a bit screwed up. To say something like "I want $ 500 million for the 25, but here in 9 years I have no plans

Keep reading

the most honest answer is that you probably can't. The best way to have $ 500 million at 25 is to have $ 501 million at 24.

Most rich people have two things in common: rich parents and rich grandparents. If you live in America, you may be screaming about the land of opportunity and work ethic, etc. But that's just national marketing: Most rich Americans were born rich. In all likelihood, your financial luck was decided by you in the genes of your grandparents.

That doesn't mean you don't try, but it does mean your goal is a bit screwed up. Saying something like "I want $ 500 million for the 25, but here in 9 years I have no plans to do that" will not reach your goal, because there are too many ways to get there and too far.

If you set a goal like "I want to work on my own with a comfortable life thanks to my own coding efforts at 25", THAT is reasonable and achievable. heck, you can even EXCEED that goal. Setting a goal that you CAN do, that you already have an idea of ​​how to do it, is a much better motivation than "I have no idea how to get $ 500 million, but I want it."

Becoming crazy rich at 25 is a very ambitious goal. That doesn't mean you shouldn't do your best. You have a dream and that is the basis of your ultimate plan of action. You are unique, so the first step is to identify the gift you have, which distinguishes you from others. We all have this, but many of us never develop it to its full potential. Some take most of their lives to identify and develop their unique gift.

Once you've identified what you really need to do in life, become the best! Now you may also need a little luck, because

Keep reading

Becoming crazy rich at 25 is a very ambitious goal. That doesn't mean you shouldn't do your best. You have a dream and that is the basis of your ultimate plan of action. You are unique, so the first step is to identify the gift you have, which distinguishes you from others. We all have this, but many of us never develop it to its full potential. Some take most of their lives to identify and develop their unique gift.

Once you've identified what you really need to do in life, become the best! Now you may need a bit of luck too, because you need to promote yourself to the right target audience as well. You want rich people, so they have the means to pay you. You want people who are likeable, so that you can serve them successfully.

Yes, serve other people! Put others first and you will gain the influence you need to attract wealth.

You will also need persistence. If you are not a billionaire at 25, what are you going to do? Give up or keep working on it?

Once you find your sweet spot, money is nothing more than a numbers game.

If you manage to go crazy at 25, you are probably one in a million. What would you do if you had all this money you want? Visualize that you already have the money and start acting the way the rich version of you would act. With a little patience, this can give you important clues. Best of luck!

If you talk strictly about money

Warning: easier said than done ...

Create a service, product, or idea that brings amazing value and benefits to people, then market it appropriately. If you do this, you will be a millionaire | multimillionaire.

One thing that can always help you achieve this goal is collaborating with others. Create a team of highly focused people who have the same goal as you, and together, they can produce an outstanding innovation / idea.

Something to consider

Wealth in a monetary sense is not the only wealth you can accumulate. There are friendships, experiences, there are knowledge and

Keep reading

If you talk strictly about money

Warning: easier said than done ...

Create a service, product, or idea that brings amazing value and benefits to people, then market it appropriately. If you do this, you will be a millionaire | multimillionaire.

One thing that can always help you achieve this goal is collaborating with others. Create a team of highly focused people who have the same goal as you, and together, they can produce an outstanding innovation / idea.

Something to consider

Wealth in a monetary sense is not the only wealth you can accumulate. There are friendships, experiences, there are knowledge and more. If you're only in it to win it and winning means money, people are likely to realize that. Even if you achieve your goal of being famous for being rich, you could end up alone.

That said, it shows that you are doing it all in conjunction with a greater cause, and people can stand behind and support you.

Note: I'm not rich, so take this with a grain of salt.

Best of luck!

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