How can I make over $25,000 by the time I'm 20 years old?

Question

My goal is to be able to afford my won car by the time of 18-20 years old. I want my car that was never used. (I'm thinking of something like a Ford Mustang or a Chevy Colbalt).

Currently I'm only 15 years old. I do have a couple hundred dallors saved up already but I want to be able to pay it off as soon as I purchase it. I also plan on having a few grand left over after I buy it.

Does anyone know how I could make more than $25,000 so I could be able to pay it off and have money left over? Yes, I know this may seem a little unrealistic but I really want to do it.

I don't have any jobs but I do cut my Nan-na's grass every weekend and get payed $30.00 every time.

But I need at least $25,000. And like I said, I want a couple of G's left over so it could go towards my house. (That I don't plan on getting until I have over $100k or so in my bank).

Thanks for all of your help!

Answer 1

Take the couple of hundred or hopefully more that you can save and get a 20 or 10 yr bond, invest it into gold bullion and put the interest in 2 properties. Thats all it would take to find better earned interest down the road. You want to see a neat video then go to youtube and type in a koranic toast. Its a cool video with 3 korans being toatsed. End.

Answer 2

if you're in the US, you don't need that amount of money. Just use credit like everybody else. Basically, get yourself a store credit card like Best Buy, Sports Authority or whatever. Buy stuff with it and pay on time. Start growing your credit history with good history. Then by the time you want a car, you'll be able to get one on credit, or lease. Maybe $2k down and then an affordable monthly payment.

Now, on another topic, I know you may want a nice sporty car and all, but you should realize cars are one of the worst ways of spending your money (betting would be the worst). As soon as you turn the key to the ignition, your investment goes down 10%, and it'll just keep going down.  Just something to think about.

Answer 3

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Answer 4

you probably can'r get a real job until you are 16, but once you turn 16 get a job and bank everything you make. Once you get a couple grand put it in to a cd with the highest intrest rate you can find. Make sure you keep cutting grass though and in the mean time see if you can cut your neighbors grass or maybe some or your grandmas friends. Also see if your parents would be willing to give you an allowance for chores you do around the house or things that may need done, but they never have the time to do.....cleaning out the attic or basement....washing their cars and vaccuming them out. You could try selling some of your stuff like maybe video games you don't play anymore. And ask for money for all holidays like Christmas and your birthday. Plus you will most likely get at least a few thousand for your high school graduation. As far as your plan goes for buying a house with $100 grand goes......sorry to crush your dreams, but that is pretty unrealistic. You will be living at home with your parents until you are 50. I have never ever heard or anyone that wasn't a movie star buying a house right out.