I'm a Teenager. What should I do to get Rich?

I'm a Teenager. What should I do to get Rich?
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Short answer, Start now

Let me explain what I mean by that. In a way that would probably benefit you even if you are not a teenager. And if you don't want to read then click on the video link below:

This is the perfect time in your life to start your road to living a successful life.

Why? Because of the following reasons:

  • You are not paying rent
  • You have got so much time on your hands that if you start now you will get massive advantage over everyone else.

Compounding time is going to be the Eight Wonder for You. As mentioned by Einstein, “he who understands it, earns it; he who doesn’t , pays for it”

What to Do:

  • Easiest way to start is by reading a book on self-help topics or on a subject you really are passionate about.
  • Absorb as much knowledge as possible about the industry you are passionate about.
  • Find an entrepreneur or person who has already achieved the status you are shooting for and start analysing them. Learn their story what they did, how they did it, what circumstances and more.
  • You are reading this, thats really something. At this young age there are so many distractions around you that it’s really easy to get sidetracked.

Statistically the large amount of free time wasted by teenagers is in the following categories:

  • Watching entertainment
  • gaming for entertainment purpose
  • spending time on social media

What these have in common; they are all for entertainment purposes. You do them to feel good. There is nothing wrong in entertainment consumption or with gaming. Everyone does, but just how much time are you wasting.

Look at it like this, if you had a box of chocolates in front of you with 1000 chocolates - the first one you take out and eat is the best tasting one, the second one is also good but just a little bit less good than the first one. The third one is good but less than the previous one.

As you keep going through the chocolates, the satisfaction with each pieces decreases even up to a point where if you keep consuming you will be sick.

The same principle applies to entertainment. Follow the few rules regarding the entertainment:

  • Never settle for mediocrity
  • Consume entertainment occasionally
  • And when you do, do it just with the best
  • You want to watch a TV show, watch only the ones that have the biggest budget or that everyone agrees they are amazing.
  • You want to play some Pubg or League of Legends do so with your friends but remember that each game can go for around 30 to 40 minutes add those up and you can easily waste a couple of hours.

Use entertainment as a reward only after you are done with your studies and, by this I don’t mean homework. You'll reward yourself with high-quality entertainment. If you start managing your time just a little bit better then start putting in some work - reading the right books, reading some industry news and try to get your hands dirty.

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You have got a great future ahead of you, just don’t think it’s going to happen overnight.