I am 17 and I believe that investing in business, etc. will make you richer... not as an employee only, agree?

Ok.. well, I am 17 years old and here is what I have done so far, I have invested in mutual funds and I have no regret and I will not back out despite the fact that it is a bearish market. I will only add funds if I have extra and also, I am planning to buy a condominium to give me an extra passive income all from my savings... And I saved my money by not buying luxury things... well... not for now... maybe later after I established a name for myself and earn a lot of money already... For the condominium, I will pay the downpayment only and receive passive income by pursuing my business plan for it... I graduated salutatorian in high school and learned quite a few more things like AUTOCAD, Programming, business books and later on, I will study stock trading. I am currently taking up Nursing and I am goinf to be 2nd year college next AY...

Do you also believe that investing will make a person richer than when he/she is just an employee? What about if he/she is a dcotor?

I just want to make a difference... To be "unique" among my peers... THe worst I can be is to be the same as everyone else... I know how to sacrifice now and take the fruits of my labor later.. I did have lots of sacrifices to obtain the amount I needed for an investment. And all of my savings are only for investment purposes.. Nothing else... No cars, no mobile phones(since I already have my old but useful Sony Ericsson mobile phone), etc... Will also take up Medicine later on in life but, besides being a doctor, i have investments which is additional backup..

mutual funds will not make you rich. If you want to be an investor you need to make it your business and put the time into it like you would a small business. Condo= good idea, but aside from passive income you should look for the property to appreciate as well. You'll make more money on the appreciation of the property not the rent. Renters can be a liability. Personally I love the market. It moves with me and I'm not tied to one geographic area. Some will say though you can take the equity from your place and buy more...this is true too..whatever you chose I think you should write out a quasi business plan to make sure you put your money to work for you in the right ways

go on investing. I suggest you to select good companies and buy shares and hold for 5years..............definitely you will remember me. Yes i do believe that investing will make you richer than expected.