Learn to Invest Money: Investing Made Fun For Teenagers (Part Two)
Do you hate your after school job and wish there were easier ways to make money? In this article, I’ll tell you how. In Part I of this article, you learned five rules to help you win at investing and dating. In Part II, I’m going to tell you the last five rules. To start, let’s review the definition of a stock again. Stock – A way to own part of a company. Company stock, or shares, can be bought online through internet trading companies such as E-Trade or through an investment company. You can make money by buying shares of a company that you think will sell a lot of its product. Stocks can be as cheap as $1 a share or as expensive as $3000 for a single share. For example if you bought Apple around the time it started selling ipods, you could have bought 100 shares for about $800. At its high price this year, those same 100 shares would have been worth about $8,500, not too shabby a profit, right? Okay, now for rules six through ten. Rule Six: Sometimes you gotta think about things that everyone else thinks is “uncool” in a different way to realize how cool it really is. I know, you’re probably still thinking that investing is boring. But if someone gave you a trip to Vegas, you’d think that’s rad, right? Most people think that gambling is cool. It’s risky, it’s dangerous, and it’s fun, as long as you’re not losing money. What if I told you there was a way to gamble where your chances of making money are ten, maybe a hundred times better than Vegas? That’s what investing is. Now think about the bad situations that come up in dating in a different way. Sometimes the guy or girl you’re seeing may have a hobby that you hate but he or she still insists that you come along. You may dread going to do something you find utterly boring until you think of how doing so will score you lots of points with him or her. Pretty cool huh? Rule Seven: It doesn’t matter if you’re broke now. You can start laying down the foundation to be successful today. Even after reading this article, you still might think , “why learn about investing now? I don’t have any money to invest. That’s just stupid.” But the time will come when you do have money to invest. Whether that’s in college, or a couple of years after college. And if you learn now, when the time comes that you have a little extra money to buy some stocks you’ll be ready. You wouldn’t think about trying out for the swim team, the track team, or the basketball team without practicing and training before tryouts, would you? So you shouldn’t think about buying stocks without training beforehand as well. In dating, preparation is key also. You might think that you can’t win over the boy or girl of your dreams because you’re competing against some rich kid with a lot of money. But that’s not true. Find out what her favorite flower is. Or who his favorite player in his favorite sport is. Give her her favorite flower. Give him a magazine with an article about his favorite player. True, they are tiny things, but I promise you, you’ll discover that these tiny things go a long way. Rule Eight: Spend your money wisely and you’ll always creates a win-win situation. It’s a little known fact, but many professional athletes who were once stars are flat out broke just years after leaving the game, whether that game is basketball, baseball or football. Why? Because they were foolish with their money. I’ve read articles where some athletes say they never have less than $30,000 in their pocket. And they think nothing of blowing $10-15,000 in a single night at expensive clubs and restaurants. They spend all their money, don’t invest any of it, and after making millions, retire broke. This lesson will serve you well when it comes to dating as well. Most teenagers spend way too much energy trying to impress a girl or a guy by taking her out to expensive places. But face it, an expensive dinner is NOT going to make a girl or guy like you any more. Maybe for a couple hours, but nothing that will last. Instead, just do regular stuff with the person you like, such as going to the movies or going out for pizza. Then find out what he or she really digs and spend some of that extra money you saved to do little things for him or her. This will go a lot further in helping you develop a strong friendship with that special someone. Rule Nine: Thinking different can help you not only in dating, but in investing and in life. If you are reading this article, then already you think differently than most of your friends. Being interested in learning how to invest now when none of your friends are will serve you well later in college and after college. If you learn good strategies to invest now, you’ll have to work less hard when you’re older. Thinking differently will help you in dating too. Instead of telling a guy or a girl who is fine that they are “hot”, take a different approach. Chances are that they’ve already heard that comment a thousand times so you’re not going to stand out. Try to find out what he or she likes to do, and try to find a way to talk to him or her about that instead. It’ll make you stand out from the rest of the crowd. Rule Ten: Persistence works. Really. Persistently put away some money every week from your after school job or from your allowance into an investment fund. I know that all of your friends are spending every last dime on movies, fast food and at the mall right now, but you’ll be glad later. Why? Because over time, when you learn to invest, this money could easily turn into three, four, five, or ten times as much over several years. Remember the Apple ipod example? And you won’t even have to go to work to multiply your money. All you’ll need to do is to learn how to invest. This same persistence will serve you well when pursuing a girl or guy who is not being responsive to your interest. I’m not saying persistence works all the time. But it works more times than you probably think. Teenagers told me of too many situations where a girl had zero interest in a guy, but the guy kept pursuing her until he made her feel like the only girl on the planet, and they ended up going out together. It doesn’t just happen in the movies. It happens in real life too. © 2006 SmartKnowledgeU.com™ This article may be freely reprinted on another website as long as it is not modified, changed, or altered in any way and as long as the below author byline is included along with the active hyperlink exactly as is. J.S. Kim is the Managing Director of SmartKnowledgeU™. He has over thirteen years of experience in finance and financial services, and has earned a BA in Neurobiology from the University of Pennsylvania, a Master in Public Affairs from the University of Texas at Austin, and an MBA with a concentration in finance from the McCombs Business School, University of Texas at Austin. He is the inventor of the revolutionary MoneyPing™ investment strategies, a novel approach to learn how to build wealth, not just dreams. To learn more about how to dramatically decrease risk and intelligently increase the probabilities of 25% or higher annual returns, click the following link MoneyPing™ Your Way to Wealth |
Other Trading Tips Articles
Major US Trade Issue is Japan, not China The 2005 trade numbers released last Friday are sure to get the China trade hawks riled up. But if you look behind the numbers, the trade imbalance with Japan is likely larger than China.According to the trade statistics, the trade deficit with China was $201 billion or 28% of America’s total deficit of $726 billion. No doubt these trade ...10 Budgeting Tips for Business People and Small Companies It is possible for small companies and individual business people to cut costs without sacrificing quality. Keep these 10 budgeting tips in mind when purchasing goods and services.1.) Buy in bulk, but compare prices.Sam's Club and Costco cater to small businesses and have good deals on bulk-packaged items. Know the sale pric ...Online Currency Trading – Why It's Harder Today than Ever Before There are many who believe that the markets today, require the same skills as 30 years ago - but today’s markets are actually much harder to trade.It may surprise you, but markets have changed and are now harder to trade - but if you know why, you can increase your profits dramatically.If you don’t already understand why online cur ...How to Make Money By Trading Shares Trading in shares of different companies presents a unique opportunity to make money within a short time. But there are some important points, which have to be considered before start trading in these shares.1. Research about the company before buying a shareA thorough research is required to be carried out before ...Business Owner Are You Losing Out By Trading In Online Auctions If you are a Small Business or Home business selling your products on an auction site (or plan to do so), do you realize that you do not own a real business?More specifically, Ebay, Trademe or whatever auction site, are really the ones that own your business. The lifeblood of your business are your customers and your ...Will Emerging Economies Come to the Rescue of the U.S.? U.S. Federal Reserve Chariman Ben Bernanke stated lately that the enormous U.S. trade deficit that the U.S. has incurred over the years is nothing to worry about because it merely reflects global savings patterns. He states that emerging economies has a huge glut of savings and thus the U.S. necessarily must have a great debt to balance out the ...Don't Get Caught By This Stock Tips Spam Scam Spam emails have been the scourge of the Internet for a number of years now and the problem is still growing despite legislation, zealous spam filters and all sorts of clever techniques to prevent it.I'm sure that most of us have been subject to unsolicited email messages (spam) promoting medications, virility enhancers, impotence cures, ...How a First Time House Flip Went Bad Let’s call him John. A bright and hard worker just trading time for dollars at his regular job. His first house flipping experience could have been a lot better.John was watching “Property Ladder” on the A&E network one day and got the bright idea to flip a house himself. After all, those people were making money. A complimentary show “Fl ...10 Strategic Ways To Maximize Your Profits 1. Tell people the point or focus of your web site. Explain to them what things they can do or which goals they can accomplish while visiting your site.2. Make your visitors feel comfortable at your web site. Give them your main business address, your visitors may not trust you if you're using a P.O. box.3. Include a FAQ on your we ...7 Stock Market Tips You Can't Live Without Every day there are a dozen new HOT stock market tips that guarantee your financial success. Every day there are hundreds if not thousands of people that jump on the bandwagon, and every day, each of those people are disappointed.When it comes to popular stock market tips, there is no golden ticket to striking it rich. So I'm going to sho ...Currency Technical Analysis Part 1: The Most Important Theory Ever In currency technical analysis, the most important theory ever, for understanding market movement, is Dow Theory - but its influence is vastly under estimated by the bulk of traders.The reasons why every trader (not just currency traders) should look at Dow Theory, and understand it, is the basis of this article. Understand Dow Theory cor ...5 Tips for Investing in Penny Stocks Investing in penny stocks provides traders with the opportunity to dramatically increase their profits, however, it also provides an equal opportunity to lose your trading capital quickly. These 5 tips will help you lower the risk of one of the riskiest investment vehicles.1. Penny Stocks are a penny for a reason.While we all dream ...Investing Tips for Beginners Investing can be confusing, especially for the beginner. Getting some basic tips can help a beginning investor to make informed choices that fit their needs. Each person has a different goal when investing and that plays a big impact on how you invest. The following list explains some things beginners should know before investing.1. Un ...All You Need to Know About Swiss Banking There is a common misconception that people who cannot store their unaccounted wealth in their own country open accounts in Swiss banks. Even though this may be true to an extent, Swiss banks are well known for their sophisticated and discreet banking services.Many of the rich and famous like film stars, business entrepreneurs, top govern ...Ways to Play Defensively We don't consider playing defensively a way of buying "safe" stocks because safe stocks won't make you any money. We need movement, but there are ways to help you survive huge mood swings that the momentum stocks can display. Today we are going to look at the idea of "averaging down" and if it is a good idea or not. It is not an easy answer. ...Day Trading The Extreme Sport Of Investing The rewards are incredible for those that do it right, but for those who make enough mistakes it will take everything they have and still not be satisfied. Day trading is the practice of buying and selling securities and other financial options. These transactions are usually completed within the same day. Options that are typically traded in ...It's All In How You Play The Game There is an old saying, "It's not whether you win or lose but how you play the game."Few realize just how relevant that saying is, to achieving profitability in the financial markets.The Only True Measure Of Success Is Long Term ProfitsTypically, those new to stock market timing work under the assumption that winning is all ...The IBEX 35 Index From Raw Data to Useful Information Most countries have a stock-exchange where you can trade the stocks of the various companies. If you are starting the investment game, the stock market just looks like a raw list of data (The list below represents the IBEX 35 which is the stock index of the Stock-Exchange of Madrid (source: www.bolsamadrid.es/esp/mercados/acciones):ABERTI ...W.D. Gann Trading Methods - Genius Trader or Overrated Guru? W.D. Gann is one of the most famous traders of all time, and has a huge devoted following - however the fact is, Gann never made the huge profits many of his disciples claim.He did not have a success rate of 90%, as is often claimed - the logic his methods are based upon are unsound, and his predictive methods don’t predict - they leave e ...Forex Trading Tips Foreign Exchange Trading better known as FOREX trading is the buying and selling of currencies from different nations. With different factors involved in this trading and its fast paced nature, it is best that you find simple ways to give you a head start in the industry.The main purpose of getting involve in FOREX trading, just like ever ...The Gold ETF: Maybe The Best Way To Own Gold Let's start off with the assumption that you want to own gold. You want to own gold as a hedge against inflation. You want to own gold as a hedge against a declining currency, like the U.S. dollar. And you want to own gold -- well, for the same reason you would make any investment -- because the price is likely to go a lot higher in coming years ...Discount Online Futures Trading Futures are contracts that obligate sellers to provide buyers a commodity or other asset at an agreed-upon price and date in the future. Futures are widely traded for commodities such as coffee, sugar, oil, and wheat. Futures are also traded for financial instruments such as stock market indexes, government bonds. and foreign currencies. Futures ...Why In The World Would I Want To Trade Stocks? That’s an excellent question. The quick answer is to make money but if we dig a little deeper we will see that the stock trader doesn’t just want to make money, he wants to make a lot of money. In fact, the stock trader is looking for larger returns that he would otherwise get by simply investing in a stock or a mutual fund.It is true, ho ...Make Money Fast - Trade For The Weekend With Fantastic Profit Potential! If you read our other articles on this site, you will see we are bullish of crude oil and unleaded gas on pullbacks.Here is a trade that could return 100% or more, see if you agree with our view, it looks an outstanding opportunity.Crude and unleaded gas have fallen over the last few days, but this will change between Friday and Mo ...How To Turn A Five Minute Presentation Into A $200,000 Marketing Bonus How do you increase your visibility by focussing on 'high pay off' activities to build your profile and profits?Speaking in public is the fastest way to attract, win and even retain more profitable clients.It is a 'one to many' activity that delivers an enormous return on investment for your time and effort.It also builds yo ...
|
