Best ways to make money?

Im 17, Ive had many jobs before and I know thats the easiest and most secure way to make money...sure. Well now Im stuck with other sports and school activities right now and im flat broke. I know some kids who were in the same predicament as me and sold suckers after buying in bulk turning a nice profit. I need something like this so I can get money to spend stuff on and learn about investing at the same time.

If you want to make money, learn about investing, and someday be rich, here's what you need to do:

1. Earn an income. If you work somewhere and show income on a tax return, you will qualify to contribute to something called a Roth IRA.

2. Open a Roth IRA. This type of retirement account is the best thing since...well...free money. Basically you can put in up to $4,000 for 2007 and $5,000 for 2008, but only as much as you earn. If you put $4,000 in and invested it at a 10% rate of return, your $4,000 would be worth $70,000 after 30 years. The reason it's sooo good...you don't pay taxes on the profits!!!!!!

3. Get Some Help. See if you're parents will match your contributions to your Roth IRA. It's a great way for them to help you out. Parents love to brag about how smart and financially savvy their kids are. It's a huge bargaining chip for later!

As for making money right now, go get a job doing something relatively low impact so you can still do your regular activities. If you are in a warm climate, cut some grass. You'll be able to undercut the "lawn care" companies on price and turn a nice dime. See if any of the local businesses need any short-term projects done that you would be able to do in your spare time. Often small businesses will overpay an energetic youth for anything from putting flyers on cars to setting up a website for the company, etc. etc.

You're 17 years old and if you want to be rich someday, you need to work hard and put some cash monies away for later.

Also, you'll be getting credit card solicitations sooner than later. Just say no. Credit cards are the financial equivalent of a self destruct button. Stay as far away as possible. Let your friends buy you stuff on their credit cards next year and you can stuff away some money.

If you want to learn about money, check out the books referenced.

Slang rocks!!!

Well your looking for a get rich scheme,and they often end badly.Baby sit,do lawns,whatever you can do on the side from your activites,since they are a priorty.My best advice to you,is to invest in a 401K or something to that effect so when you turn 40 you have some real cash saved for when you need it.

AT 17 you have time on your hands...start at the site below...read the Rich Pom info, it'll cost you nothing to read and might get you thinking outside the square a little. Also look for Deals Direct at the site below and search for "Bulk Buys" or something to that effect. I reckon eBay is becoming a bit pricey...but it might be worth a shot and it always depends on what you're selling really doesn't it! Good luck!

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