How can I set myself up for wealth later in life [[details]]?

Hi, I'm 14, I turn 15 at the end of March. I strive to be wealthy (monetary wise), its like a life goal of mine.

I'm good at saving, I get good grades, but I don't know what I can do other than that stuff to become wealthy.

I'm going to get a job this year, and I'll probably split the money in half, half for spending half for investment or something later.

Other than getting good grades what can I do to set myself up for wealth in the future?

Getting good grades is a wonderful start, but communication is key. Read as much as you can and work on being the best speaker and communicator you can be. You can be one smart guy, but if you don't present yourself well you might not get the chance to do well.

Once you start working, save early and often. Put your money in Roth IRA. You can get it when you need it for certain big moments in your life, but you'll never pay a dime in taxes on what it earns.

Congratulations to you. Most kids your age don't even think about financial success.

besides going to college, etc.
get an IRA or 401K once you start working to set yourself up for retirement.

save! save!! save!!!. Take an economics course and implement you studies to your everyday life. As simple as that.

This exact same question was asked to (then science fiction writer) L.Ron Hubbard. His answer was "Start your own religion. Obviously he practices what he preaches as he is the founder of the Church of Scientology.

Find something that no one else wants to do and get realy realy good at it. And stay in school.

Your most powerful financial asset is your income. Even if you work at McDonald's.

Save as much as you can, and talk to a financial adviser who can help you invest wisely. And good for you to be planning at such a young age!

Don't get married and don't have kids. Those are two huge income drains.

Alright, here. I'm 17, so I'll be doing these soons. I'll pass on to you what I'll be doing.

1) Get a job
2) Use money to pay for college (I'm putting all my money here, until I have fully paid off all four years in total.)
3) Look into putting money into trust funds and mutuals.
4) Later on, invest in real estate, then go into individual stocks,
5) Buy cheap, sell high

Well, it is commendable that you wish to start saving for success.

Your primary focus should be SAVING. Saving is fundamental to success. Once you've saved at least half of what you take in, then you can start investing it in an interest bearing account.

Good Luck

get a savings account and you should go to collage that best is the best i can tell yah

Start saving at an early age is the number one goal. Since it sounds like you have already started, you are on your way.

Save money
Avoid buying anything you can't pay cash for
Control your desire for "stuff"
Have a stable life, career, and marriage
Take care of your health

It is very easy to do but most people start too late and don't understand the enormous power of compound growth over a long period of time.

I retired at 51( could have did it at 49) and what I did was buy US Savings Bonds $25 since I was 18

save, save, save .... consistently ... and be sure to invest your money in something that will return you between 5-10% annually

This, by itself, will not provide you with a life of luxury but it will provide you with a very secure and comfortable retirement without depending on anyone, including the government

If you get started now and then save a reasonable amount throughout your working years, you will have millions by age 60 ... be sure to account for inflation when assessing what those millions will be buy you in 45 years ...

I'm over 40 and still looking for that answer.

A land surveyor earns bout $100.00 an hour + other stuff they charge you for. The job is fairly easy, and the equipment you buy is earned back quickly (quick return on investment).

Good Luck.

Be sure to get a marketable (useful) degree in college. Then, make sure to get skills that are important for recipients of that degree. Become an expert in some of those skills. These things will help you excel at your career so that you keep getting good raises and promotions.

I think my father is a typical miser and also an oriental. His motto of "a dollar saved is a dollar you earned" is quite matched to his life for the past 50 years. He didn't get any luck in buying and selling stock shares for having lost more than one half a million dollars in the past five years. He lost a hell lot of money for doing ginsing business in Hong Kong, too. He doesn't not know the rental costs is five times more than in Korea. In contrary my mom makes some money for running a ginsing farm in Korea and owned a small ginsing store in Korea, she subsdise my father's expendure quite a lot each year. You should continue your education and get a professional job and save your money as much as possible. You will probably list in the rich class at your 50s. Forget your gambling investment, it's risky and impractical.

education is the easiest(highest success rate)...............get the MBA in finance from a good school........................work in the financial world....................there is money there.........