How Do You Start Building Wealth At A Young Age?
It’s never too soon to start traveling the road to financial freedom. You needn’t wait until you’re older to begin building wealth; by taking small steps now, you can lay the foundation for a lifetime of financial security. Read on to learn how to start building wealth at a young age. Ask for small paying jobs from your parents and neighbors. Mowing yards, shoveling snow or weeding a flower garden will add cash to your piggy bank. Make sure you do a good job and you’ll soon build up a paying client base. Save your allowance and the money you receive from birthdays, Christmas and other holidays. Once you start saving, you’ll enjoy watching your money grow. Open a savings account. Call the local bank to inquire about a minimum deposit to start an account; usually $100 and put your money in the bank for safekeeping. You will receive a deposit book and the bank will mail you a statement each month showing your balance and any interest earned. Purchase your first bond or stock share when yo
