Hello everyone, just turned 18, using a throwaway here. I am from a eastern european salary where the average salary is about 800$ a month and I’ve been working as a photographer since I was 16 and saved up around $10k. Now 18 for around 7 months I’ve been losing sleep over getting rich and a way to start a scalable buissness, something I can put my time and effort in and something that can buy me the freedom I seek. Any suggestions on what business should I venture in to and how should I finance my money ( keep in mind I have them all cash )
I’ll save you the stress. You won’t be rich so now you don’t have to worry about it. The majority of people are not rich.
My advice is find a regular job you enjoy, while at the same time working a side hustle (building a business) that could potentially turn into your main income if your able to.
It will be a lot less stressful if the business fails.
It’s good to be ambitious,but you have to be realistic.
Step 1 :Read some books or watch videos to gain financial literacy. It will save you from losing money and build wealth. (I recommend you read the “intelligence investor” or watch Warren buffet’s speeches or other legendary investors on YouTube). Step2 : Investing in yourself, learn new skills and gain experience. Learn to find opportunities in the market,and learn how to invest in the stock market, real estate or a business. Step 3: Be patient building wealth takes time. Stay consistent and focus on your goal. THIS IS NOT FINANCIAL ADVICE,SEEK PROFESSIONAL ADVICE BEFORE MAKING ANY BIG DECISIONS
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