An easy way to put your hard earned cash to work to earn you money.


Step 1: Get a Social Security number.

This is the official ID number you'll need before you can set up your get-rich investment.

Good news: Chances are your mom or dad already took care of this for you. (They have to enter your Social Security number on their tax return to claim you as a dependent.) All you need to do is find out what it is.

Hint: If you need to get a Social Security number, click here to get one.
<p>Incredible tips..$1 milion is really big for me.. :)</p><p><a href="http://www.iklanbaris33.com/how-to-make-money-for-teens/" rel="nofollow">ways to make money online as teenagers</a></p>
Visit the link to get your part time job <br>http://www.earnparttimejobs.com/index.php?id=4565151d <br>EARN REAL ONLINE
Interesting. maybe I should look into an <a href="http://www.waneks.com/financial-services.php" rel="nofollow">individual retirement account idaho</a>.
That's a great way to Build your income over time, but I like to make my money online fast and free, I'M A SHOPPER NOT A SAVER! www.realfreemoneynow.blogspot.com
Too bad the economy is going to collapse soon and this will be worthless.
It's comments like that that don't help the economy. Have some faith... otherwise just stuff your money in your mattress and hope for no fires.
i agree think abut it reality is perception so we think something it will happen think walking same with others we have hit some rough spots but this a good way to try so don't worry about it
who's laughing now?
Realism in thought leads to appropriate planning.
i hear that
Yup. Time to learn trading.
dont be such a downer.
Unfortunately if you list your parents as your employer you do 2 things to them. first you kill their tax break for taking care of you, this is in the thousands yearly! also they will have to file tax info on you also take taxes out of your pay like social security disability etc. I commend you on the desire to have a retirement acct but you cant sink your own family to do it. The better way to do this type of thing is to start a business doing something you are interested in, think small to start, for instance you seem to have an interest in the financial world learn as much as you can and set up an internet advice column, blog etc aimed at young persons who have need of this charge nominally for your advice ans put that into your savings. Many universities have their classes online for free, you wont get college credit but you will get college knowledge. Another thing you can do is sell plants to those in your neighborhood, don't try the 10 a yard race mowing gig you will never get anywhere, help people get their homes looking nice, this requires work!! But it will pay well as you get better at it. Just remember to save!! Recycle, and keep learning.
This is a great instructable. Young people like me need to learn that if you save when you're young that compound interest practically works for you
if you are 12 (me) and u put 10 $ in the bank till ur 65 u will have over 200K
did you change the average rate of return to 11.5?
I'm 15 and I can put in up to $75 a week. How much money will I have when I'm 50?<br />
The maximum contribution you can put in 2010 is $5,000
it is $6,000 if you are 50
why don't you post an instructable that shows you how to get the money easily to put in the account.<br />
the price you pay is that you wont enjoy your money much, at 65 the fun you can have is limited.
Keep in shape.<br />
<p><span class="entry-content">I know other easy ways to make money, all online, all free <a href="http://freewebs.com/free2workathome" rel="nofollow">Free Paypal Money</a> is the site.</span></p>
Wow.........Cool<br />
<p class="MsoNormal" style="margin: 0.0in 0.0in 0.0pt;"><span style="font-family: Arial;font-size: 11.0pt;">I make extra money working online. I&rsquo;ve cleared over 14k in the last year, it&rsquo;s not a way to get rich, but you can avoid retail/fast food jobs by doing it. You can see what I&rsquo;m doing at <a href="http://www.freewebs.com/free2workathome/" rel="nofollow"><span style="color: windowtext;text-decoration: none;">http://www.freewebs.com/free2workathome/</span></a> if you&rsquo;re interested. (Everything posted is free)</span></p>
frankly id rather spend the money when im young- when im old i will probably just sleep all day,like i do on weekends. also, when i make my withdrawal ill probably get run over by a car on the way home from the bank cos ill be too slow with my zimmerframe to get out of the way and ill be like "waaaaaaaaaaaaahhhhhhh.....splat!" and so yeah.....uhhhhhhh......yep thats whatll happen
I will use my money to buy a new body from a young, dead person. Then I will have my brain put in the body. Then I will start this process over again. I will keep repeating it so I live FOREVER!! MWAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!
lol u funny
I nose it.
save now BEFORE the economy totally crashes
I think it just did... lol
Oops too late
ik lol but start now unntil it is soooooooooooooooooooooo bad
Good idea for people in the USA, not for me unfortunately I'm in Canada :(
This would be a good idea if we actually had money to begin with which we don't. All we have is Federal Reserve Notes. Real money was confiscated by the Government during the 30's to 60's when money was made from gold or silver and thus worth someting of value. Read the articles on unexplainedmysteries.com by Phillip Tilley and all wil be explained.
Or just get an account in Iran with 15% interest (yes, I said 15)
can we do this without leaving our house? lol
No, not unless you give me 1/2 of it :P
i give you 100000$ when ill be 65yo.
Hey I like that you are encouraging people (particularly young people) to save. Yes, the power of compounding interest can be a wonderful thing! That said, people should have realistic expectations too, especially older people trying late in the game to save & invest. 11% annual returns is unrealistic in my opinion, particularly if you are investing when prices / peak earnings ratios are high. Still over 50 years you should get at least 7-8%. Next you should consider inflation. $1,000,000 50 years from now will probably be like $65,000 today. You can't retire on that alone. An average, normal sized house will probably cost over $3 million dollars at that time, a new car, $375,000. This is not an exaggeration. If you want to plan to retire in style - you are going to have to be much more aggressive than $10/week. And finally, don't assume the government won't back out of their promise not to tax ROTH withdrawals, if ROTHs even still exist in the future. Although they are probably more likely to get their money in other ways (including depreciating the currency to inflate away debt).
<ul class="curly"><li>consider inflation</li></ul>In principle, I think investments in stocks 'automatically' adjust for inflation. The &quot;value&quot; of a company (which is what you are investing in when you buy stocks) shouldn't change much just because the value of the underlying dollar changes. Acme Bread company, capable of baking 10k loaves of bread each day, is still going to have a value somewhat relative to the cost of a loaf of bread, regardless of whether that cost is &quot;$0.20&quot; or &quot;$20.00&quot;...<br/>(Presumably, this is part of why stocks seem to do so well over the long term. All other things being exactly equal (which they never are, of course), a stock's value should always go up at the same rate as inflation.<br/>
I agree with you in principle, but in the real world, inflationary periods are very bad for real stock returns. And given the extremely elevated levels of debt and expected future deterioration of the government's balance sheet, a period of very high inflation is extremely likely over the next 30 years (but not over the next 5 in my opinion).
well it's better than a 401k
With the 401k you put in the money before taxes and have to pay taxes on the deposits and interest when you withdraw it. With the Roth IRA you pay taxes before you deposit it and no tax on the withdrawal. So, 401k= tax on deposit &amp; interest; Roth IRA = tax before deposits. You have to taxes on more money for the 401k. Furthermore, for teens being employed by parents, they most likely don't have to pay taxes.<br/>
Hmm. I don't know if it's that simple. If you invest pre-tax dollars in the 401k, you can (theoretically) invest MORE while leaving you with the same income (though not as a non-tax-paying teenager, I guess.) Part of the theory of retirement is that you contribute when you're making lots of money (and being highly taxed) and then withdraw at a low rate (paying less taxes) after you are retired. Furthermore, your better employers may contribute matching funds of some kind to a 401k. It's a complex issue, but I'll stand by my other statement that if you can just "save" the $10/week SOMEWHERE, the details of where you saved it aren't nearly so important. I WOULD encourage "youngsters" to learn more about investing in the stock market vs normal savings accounts. Even if it's only "no load index-based mutual funds are good."
For those in the UK a similar method would to be investing your money in a tax free ISA. an ISA has a cap of £3000 a year so dont be putting in more than £70 a week :P. Also if you do chose to put you money in a ISA remeber to make sure that it is a transferable ISA eg you can move it between diffrent banks. Another tip would be to make go for an ISA that has notifcation requirements for withdrawing your money, they genraly have a higher rate of interest and help remove the temptation to spend any of it.
This year the maximum is $5,000 and it's going to go up $500 every year, unless something changes. You also need to make as much as you deposit. So if you only get $3,000 a year from chores or what ever, you can't put the full $5,000 into the roth IRA. Which isn't a problem if you don't have that much to put in, but if you're a parent opening one for your child you would need to, like you said, "hire" your kid.

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