Financial Freedom

TEENAGERS: NOT BOUND BY THEIR AGE FOR MONEY

Business Finance Lifestyle

Youth nowadays isn’t confined to the traditional long way of getting success, fame, and money. If they are talented with appropriate skills, they are most likely to grab a job or start their work no matter what the age is. They do not actually wait to get admitted to a well-reputed university. This is the reason why so many teenagers are getting rich nowadays. There are many options available online to make money using certain skills that offer to stay at home and allow to work with a flexible schedule, some of them are listed below: 

Freelancing 

Be it copywriting, translation, graphic designing, video editing, app development, or marketing, freelancing is one of the best options to work and make money easily by sitting at home.

Chegg India, Freelance India, Freelancer, Upwork, Fiverr, among others are one of the biggest freelance work websites where teenagers can be paid hourly or on a fixed basis and the amount depends on the type of work and skill level. 

Instagram influencer

An influencer is a person who has a large number of online followers on any social media platforms like Instagram, Facebook in a specific field or industry, such as gaming, food, beauty, fashion, fitness, etc. Instagram posts and videos can also help any influencer earn a lot through sponsored posts, product reviews, brand promotion, selling photos, affiliate marketing, and selling one’s products.

An average influencer can earn from Rs 4000 to even lakhs depending on the popularity and followers. 

Blogging

By blogging about a specific topic of your interest, you can pull in readers or traffic, which can help you gain money. There are various ways in which you can earn through a blog or vlog on Youtube, such as ad placements via Google AdSense, affiliate marketing, doing product reviews, guest posts in others’ blogs, or product sales on your blog.

A blogger can initially earn Rs 20,000-30,000 a month in a year or so. Teens, who are just starting, may earn less. 

Online surveys

Paid online surveys are another way to earn money easily for teenagers. Swagbucks, Toluna, Telly Pulse, CashCrate (aggregator of survey sites), ValuedOpinions, OpinionBureau, Streetbees (app), etc are some of the popular survey sites. Each site typically has a fixed number of surveys a person can attempt in a month.

You can earn Rs 1,000-2,000 a week. If you want to earn better then register with at least 8-10 sites or apps.

Design products 

If you have an artistic head, you can earn by creating and designing products. There are many websites that allow you to do so. Some popular Indian sites where you can contribute and earn are The Souled Store, My Home Store, TeeShoppe. You just need an idea or a concept to create a unique design that gets sales. 

Tutoring or selling books 

If you are academically gifted, this is the easiest way to earn some pocket money. You can give your books on rent sell old books, tutor other kids online and help them with their project work. Nowadays there are many profitable sites for this job like Vedantu, TutorMe, TeacherOn, etc. You can earn starting from Rs 10,000 to Rs 1 lakh a month. These sites either pay you a fixed salary or on an hourly contract basis. 

Podcasts 

If you are a good orator or speaker, a podcast is an adequate option for you to earn. A podcast is a series of digital audio or video files a user can download to listen to. Due to the pandemic, there is a steady rise in users adopting audiobooks and story reading.

You can start earning as soon as you have 500 downloads and for handsome money, you will need advertisers and sponsors, who look for bigger audiences of over 5,000 listeners.

Other than options to earn money, there are some important things to consider to save and increase the money you have earned. Here are a few tips:

Save money smartly

TEENAGERS: NOT BOUND BY THEIR AGE FOR MONEY
Credit: teenlearner.com

Saving money is rather different from investing money. Saving money ensures that your money is extremely safe and can be accessed quickly and easily in dire need. So as soon as you earn an adequate amount of money, start saving it.

Invest 

While most people start investing as adults, investing in teenage can be really beneficial. If you invest considering all options and under proper guidance, your money will multiply in the future. 

Spend appropriately 

We live in a society that puts pressure on us to fit in and to be publicly accepted and that sometimes requires materialistic status. There is nothing wrong with spending money that you have, but knowing where to spend it, is the skill you must master. Pending payments and debts will only lead to a drastic financial disaster.

TO WRAP IT UP

So there are many ways in which a teenager can earn a handsome amount of money by using their talent and skills. They just have to choose their pick and shine in the rapidly changing world.