When we talk of financial independence, there are two ways to look at it. The first and the obvious one is when you are in your late 30s or beyond. You are looking to set up passive income sources and have enough to let you retire early. The second one refers to you being somewhere between 13 and 18 years and finding ways to earn money early.
Earning good money isn’t as a far-sighted an idea as the first one. It can also mean that you don’t need the pocket money anymore from your parents or financing your studies. A side hustle or a part-time gig can go longer than merely sufficing your expenses. It can help you be more confident, enjoy your life, and save for the future.
In today’s article, we discuss five ways to earn money early that can help you achieve financial independence :
Ways to start earning young 🤑
1. Become a freelancer😎
If you want to start earning with minimum investment and have a skill or two to show the world, freelancing is the way forward for you. Freelancing is amongst the best ways to earn money as a teenager.
It is one of the easiest ways to encash your skill when you don’t have too many hours to devote. You can make thousands every month by selling your expertise to those who are in search of it. And it doesn’t take any more time than a day to set up.
You can set up your freelance account in minutes and create your first gig, which should go live in an hour. It is why we consider it one of the easiest ways to start. But, you are not competing against your locality only. It is the global market that you are trying to have a piece of which makes it difficult too.
2. Become a virtual assistant🙌
The prefix ‘virtual assistant’ is self-explanatory, and you can earn Rs 1000/hr or more assisting some online. All you need is excellent communication skills. When talking about the equipment, you need to have a PC and a headset to bootstrap yourself and start earning in the next hour. One important criterion for being a virtual assistant is a flexible schedule.
3. Sell your craft✨
Parents push most of us to learn a craft in our childhood days. When we grow up, there are some hobbies that we imbibe, such as photography or collecting unusual items. These can act as a potential way to earn money as a teenager.
If you have a passion for photography, you can earn money early by selling your art at Shutterstock. If you have a knack for creating handmade and unique accessories, Etsy is the one for you. Craigslist allows you to sell old items that you may have collected during your schooling days.
4. Create content online🤳
Blogging is one of the most popular ways to earn money as a teenager. All you have to do is choose a niche for yourself and set up your first blog. There are several portals such as GoDaddy and Hostinger which sell domains and hosting services to let you create your first blog within a few hours.
5. Earn via affiliate marketing🤼♂️
If you have good taste and believe that your suggestions can be valuable for the world when it comes to buying stuff, you can become an influencer and start affiliate marketing. Most of the leading companies allow you to join for free and promote their services/products. If people purchase these products using your referral, you will earn a commission in return and it can be a way to earn money early.
Most people prefer Amazon as their default affiliate partner, but there are other sites too, which offer similar programs. It would be easier if you have a few thousand followers on any social media, or if you know your way around blogging or YouTube.
We support your idea of becoming financially independent at a young age and hope that the above suggestions will be of some help. Thanks to the internet, there are hundreds of thousands of ways to earn money as a teenager. All you need is a PC and a working internet connection in most cases.
There is another elephant in the room that we haven’t spoken of yet. You may not have a bank account, and there can be a reluctance in merging your savings elsewhere. FamPay can be of some help. The FamPay app allows you to gather your savings and keep them safe or spend on things you want to buy. It also lets the parents supervise how their child is managing their finances.
So what are you waiting for? Get your FamPay account today!