what to do with spare money?

alizer21

alizer21

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let's say currently im in highschool and im able to earn a few hundred dollars every month online via various methods (websites/youtube/tiktok), what should i do with this spare money? i treat myself with some burger king and subways everyday, there are still spare money left, i still live in my parent's house

i dont want to buy luxury things, im thinking of spending this to make more websites, perhaps investing? i want a good life after school, i dont want to work a 9-5
 
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Use it to create, invest, or give back in a way that adds meaning to your life!
 
Is this the youth now? Don't want to work a 9-5 just want to save up a few hundred bucks, and then go onto live a successful live. and business? Good one. Best learn to wake up at a young age. You want to start a business welcome to 7am-7pm hours at least. Welcome to bankruptcy round the corner with every move, solving problem upon problem, and making a shit load of money costing mistakes. Or you just see the bling and want the ferraris?

If you can't see yourself working a basic 9-5 and spend at least a few years also learning other peoples buisness's then you'll never carve a business out of this for yourself.
 
You can use the money wisely to learn high demand skills or whatever you would love to learn. Also try to save some money for your future opportunities and then try out investment plans to help you build long term wealth and some financial freedom.

When you are old you would be grateful to yourself having your life sort out in such a way. It's the best to start saving money earlier as possible and upskill yourself every phase of your life.

Meanwhile dont forget to enjoy your teenage. You can earn money anyday but you cant bring back your teen days which are truly meant to be enjoyed! Basically enjoy no matter whatever your age is. But yeah its good to focus on our future goals as well.
 
A regular investment fund is a better option for you
 
I would recommend you invest, Let's say 10% would be start.
 
Buy lifetime software. Invest with stock with dividend that pays high. Stack silver. Ai penny stock. Business scaling. Put it in trust tied to financial advisor account with 10% annualized returns.
 
Invest in crypto
That's the best thing you can do now
 
That’s great to hear you’re earning while in high school! With your mindset, you're already ahead. Here are a few suggestions for your spare money:

Reinvest in Skills or Projects: Use the money to expand your online ventures, like creating more websites or improving your content with better tools or courses.
Save and Invest: Start building a savings habit. Consider investing in low-cost index funds or learning about other investments. Compound growth over time can be powerful.
Build a Safety Net: Set aside some of your earnings for emergencies or future opportunities.
Learn Financial Literacy: Take time to learn about managing and growing money. This knowledge will be invaluable for avoiding a 9-to-5 lifestyle.
By balancing reinvestment, saving, and skill-building, you’re setting yourself up.
 
alizer21 said:
i treat myself with some burger king and subways everyday
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Eat healthy food and not this junk. Sorry, unsolicited advice, but still wanted to put this out there.

alizer21 said:
i want a good life after school, i dont want to work a 9-5
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Focus on getting good education first, everything else comes later.

Invest the money that you don't immediately need, that will help you in your future businesses, but right now, just focus on your education.
 
alizer21 said:
let's say currently im in highschool and im able to earn a few hundred dollars every month online via various methods (websites/youtube/tiktok), what should i do with this spare money? i treat myself with some burger king and subways everyday, there are still spare money left, i still live in my parent's house

i dont want to buy luxury things, im thinking of spending this to make more websites, perhaps investing? i want a good life after school, i dont want to work a 9-5
Click to expand...
better to save it for now and with bigger capital youll have more ways to start something up
 
Start investing with that spare money whether crypto or stocks, I started buying up BTC pre covid. Those $20 BTC purchases are now valued at $90-$100.
 
Enchant said:
Start investing with that spare money whether crypto or stocks, I started buying up BTC pre covid. Those $20 BTC purchases are now valued at $90-$100.
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ain't that much for the hype. Even mutual funds in India give 33% compound growth which would give similar or better yeild.
 
Invest in bitcoin, current prices are at all time highs so check it wisely.
#notafinanacialadvisor
 
Frankly Speaking I don't have any spare times. I always involve myself on earning money whether it is directly or indirectly.
 
Nunit said:
ain't that much for the hype. Even mutual funds in India give 33% compound growth which would give similar or better yeild.
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Well, ofcourse you want to spread your investments. I have unit trust, mutual funds and all the other stuff. But I believe in BTC. I don't really believe in the other meme and shit coins. But I strongly believe BTC will get to $500K - $1Mil, so I am not trying to miss out on that.
 
alizer21 said:
let's say currently im in highschool and im able to earn a few hundred dollars every month online via various methods (websites/youtube/tiktok), what should i do with this spare money? i treat myself with some burger king and subways everyday, there are still spare money left, i still live in my parent's house

i dont want to buy luxury things, im thinking of spending this to make more websites, perhaps investing? i want a good life after school, i dont want to work a 9-5
Click to expand...
Donate it to people around the world who are starving.
 
alizer21 said:
let's say currently im in highschool and im able to earn a few hundred dollars every month online via various methods (websites/youtube/tiktok), what should i do with this spare money? i treat myself with some burger king and subways everyday, there are still spare money left, i still live in my parent's house

i dont want to buy luxury things, im thinking of spending this to make more websites, perhaps investing? i want a good life after school, i dont want to work a 9-5
Click to expand...
Invest in it on a side hustle but that also means
you need to balance work/school/life
Otherwise, honestly, stash it(bank/BTC) and keep it for later.

My personal opinion though
Stash the money in bank/BTC and Stay in school, and focus on studies, adult life starts afterschool
 
alizer21 said:
let's say currently im in highschool and im able to earn a few hundred dollars every month online via various methods (websites/youtube/tiktok), what should i do with this spare money? i treat myself with some burger king and subways everyday, there are still spare money left, i still live in my parent's house

i dont want to buy luxury things, im thinking of spending this to make more websites, perhaps investing? i want a good life after school, i dont want to work a 9-5
Click to expand...
Wait, what? You're making that much you have spare money? :D

Jokes asode, I am investing in my hobbies: travel + motorcycle OR add to the long term investment portfolio
 
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