How To Build Wealth In Your Teens

Lets discuss how you can build wealth as a teenager and in your early 20’s, and how you can use that to one day achieve financial independence - enjoy! Add me on Instagram: GPStephan

The YouTube Creator Academy:

My ENTIRE Camera and Recording Equipment:

My second channel:

FIRST: Read the book Think And Grow Rich + How To Win Friends And Influence People:
The entire premise of this is simple: With the book Think And Grow Rich, it gives you the mental blueprint to achieving ANYTHING you want…and it breaks down EVERYTHING successful people do that makes them successful in the first place, and what they all have in common with one another. Not only that, shows you, step by step, how you can manifest anything around you - through your thoughts, which then leads to action, which then leads to results.

Same applies to the book “How to win friends and influence people,” except this focuses on how you can improve the interpersonal relationships you’ll have in life, and business - and how to get people on your side. Because here’s the reality: if you want to make a LOT of money and build your wealth, in some way or another, you’re going to have to communicate or interact with people.

SECOND: Figure out how to make money
Take some time to learn about different industries, figure out what you want to do, and how you intend to make money. Then, start studying how to do that WITHOUT SPENDING A SINGLE DIME - this part of your journey should be ABSOLUTELY FREE.

THIRD: Get experience doing it
Don’t wait, just start. There is NO BETTER learning experience than literally just going for it - because I’ll tell you, there will NEVER be a point where you’ll feel completely “ready” to do it. Most of the time, you’ll be in your head worrying about whether or not you know enough, or you’ll be doubting if you’re making the right choices or not, or if you should spend your time doing something else…that never goes away.

FOURTH: Learn from someone else
From my experience, usually the BEST education you can get - comes from just working for free, and observing what other people are doing.

FIFTH: Try as many things as possible
I really think that the MORE options you give yourself early on, the BETTER the outcome will be…you’ll be exposed to so much more, you’ll get a wide variety of experiences, and from that - you’ll be better able to chose an option that really works best with you.

SIXTH: Take risk
You could totally afford to lose absolutely everything - and chances are, that’s not that much to begin with, so you’ll be totally fine. Plus, you’ll have your entire life ahead of you to come back from it even stronger.

SEVENTH: Set good financial habits
-ALWAYS save a certain percentage of your income, no matter what.
-ALWAYS live below your means
-Sstart tracking your income and expenses
-stay out of consumer debt, like credit card debt - or any type of debt that costs too much and doesn’t make money
-invest your money consistently, which I’ll mention shortly

Second: Open up a secured credit card and build up your credit score

Third: Open up a Roth IRA.
This is a retirement account where you can contribute and invest after-tax money, and then all of the profit within that account is COMPLETELY tax free after the age of 59.5. This means that, as a teenager, you can get DECADES of compound interest - completely tax free - and basically be rich as fuck by the time you’re ready to retire.

Fourth, when you invest your money - INVEST LONG TERM.
This means your investment will have more time to recover in the event prices go down, it means you’re less likely to emotionally buy or sell investments with the expectation of profiting and making quick money, and it means you’re likely be more rational with what you do.

[HumansOfVR]

*_If you're watching Graham Stephan as a TEEN you're definitely on the right track_*

[reeeeeeeeee]

“Don’t do anything criminal or illegal”
My drug lord idea: *out the window*

[yaksig]

1.)Read the two books
2.)Research what you want to do
3.)Experience
4.)learn from others
5.) Try as many things as possible
6.)Take risks
7.)Financial Habits

[kiaraaxxo]

A friend told me “school doesn’t teach you how to become successful. It teaches you how to work for companies, not how to own and buy the company” i had an awakening after that

[unix]

The amount of fake “Get rich fast” ads I have got on this video is a joke lol

[yahia]

instructions unclear, i am now facing tax evasion charges.

[camamama]

GRAHAM STEPHAN: THIS IS HOW YOU GET RICH.

SCHOOLS: WELL, LAVA IS CALLED MAGMA WHEN UNDERGROUND.

[donnatele]

"since you're a teenager, you don't have a family and wife and kids to take care of"
Teen Parents = *Well this awkward*

[nixpaFPS]

Did I just read "wealth" and "teens" in the same sentence?



My time has come.

[orbitexe]

Im a 16 year old that hit the reality check i want to build my own future and want to start early so i have experience instead of wasting time

[ziksy]

I read "How to win friends and influence people" when I was in high school. That book is honestly one of the most influential learning sources in my life. It gives you practical advice on how to be more influential and likeable. I've had people including one job interviewer call me charming. Meanwhile, I'm actually an introvert who normally avoids interacting with strangers. But when I need to, I can be likeable to strangers. Guys, READ THAT BOOK.

[jeanparis]

Parents: you’re never gonna be rich if you’re always on your phone.


Me: watch me ;)

[cedrickhall]

When he said “14 years old with no money and no experience” it hit me hard bc he literally just described me😳

[tensivebt]

“You have time to learn and do anything “


School: “No.”

[johnnyorlando]

I’m 15 years old and wanted to start making money just to help my parents with all the problem we have rn..

[savageantelope]

*Watching this at 17 nervously crying when he says I have time*

[sethpeterson]

Bruh my email says I was born in 1972 but I’m actually 15 lmao

[ChrisDAndrealifestyledesign]

a message to all the teenagers watching this rn:



you are _blessed_ to have Graham in your life

[t-bonetyrone]

Nobody:
Ads when you click on a video even remotely related to finance: “You want to know how I went from living in parents house to making 5k a day and only working 3 hours a

[denisegar]

What I do and have been doing is invest into Stocks, ETFs, mutual funds, and other financial commodities building up my assets, I comfortably live off dividends