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Well, I may not have a success story just yet, like AroundTheWorld does; but I can certainly share my failures! Haha
For my 15th birthday, I went to a local Scottrade and opened an account with them; and that was my birthday gift. An account with $500 from my parents, and $150 from my savings. Within a month and a half, the account was at $1,800. Sadly, however, two months later, it was closer to $300. Somehow, I couldn't bring myself to sell what I had, and keep even the $300, so now that account sits somewhere around $0.14.
Last summer, I started a business advertising different affiliate programs from websites such as Clickbank, and Commission Junction. In all of a month and a half or so, I made about $4,000 and spent about $500. Not bad for a 16 year old, eh?
Then, Google banned my adwords account, and I was completely unable to continue doing what I was doing. Sadly short lived, but I still made a good deal of money with almost no work involved =)
Around September of that year, I took most of the money that I earned from my affiliate business, and decided I would try my hand at options. Having a year or so experience with the stock market, I felt confident that I at least wouldn't lose much money... but options were a fascinatingly different game. I originally put $1,500 in my account; but that quickly fell to $500. So, I put in another $1,000. Lost all but about $100 from that experience.
And, as it stands, I'm sitting on about $400 total in my life. Almost back at zero, lol... hopefully I don't go that far down, though :nonod:
But, all of these experiences have given me a wonderful education in the financial world. And, I'm not even 18 years old yet! So, I challenge you to go out and try! You may fail... clearly, I have at times. But, you'll learn. And, besides, the best way to get better is through practice.
For my 15th birthday, I went to a local Scottrade and opened an account with them; and that was my birthday gift. An account with $500 from my parents, and $150 from my savings. Within a month and a half, the account was at $1,800. Sadly, however, two months later, it was closer to $300. Somehow, I couldn't bring myself to sell what I had, and keep even the $300, so now that account sits somewhere around $0.14.
Last summer, I started a business advertising different affiliate programs from websites such as Clickbank, and Commission Junction. In all of a month and a half or so, I made about $4,000 and spent about $500. Not bad for a 16 year old, eh?
Then, Google banned my adwords account, and I was completely unable to continue doing what I was doing. Sadly short lived, but I still made a good deal of money with almost no work involved =)
Around September of that year, I took most of the money that I earned from my affiliate business, and decided I would try my hand at options. Having a year or so experience with the stock market, I felt confident that I at least wouldn't lose much money... but options were a fascinatingly different game. I originally put $1,500 in my account; but that quickly fell to $500. So, I put in another $1,000. Lost all but about $100 from that experience.
And, as it stands, I'm sitting on about $400 total in my life. Almost back at zero, lol... hopefully I don't go that far down, though :nonod:
But, all of these experiences have given me a wonderful education in the financial world. And, I'm not even 18 years old yet! So, I challenge you to go out and try! You may fail... clearly, I have at times. But, you'll learn. And, besides, the best way to get better is through practice.
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