I know you’re tired of being broke, right? The reason I know is that I was once a teenager (Hard to believe I know!) penniless (and I mean no money!) and now I have two teenage sons who, up until recently, were constantly telling me how sick and tired they were of not having money.

They looked at me, a successful business person, who had made a lot of money over the years and spent almost 20 years training other people on ways to make money, so why couldn’t I show them ways for teenagers to make money?

So, I put my mind to the task, and to this day I’m happy to say that my then-teenagers (who are now touching their early twenties) He made money, and I mean a good amount of money!

How did I go from being “broken” to having almost all the money they needed to go to school and college, enjoying life comfortably? In fact, it was quite simple. This is how I trained them…

• Step 1. Define your real needs: I had them identify in themselves the difference between ‘want’ and ‘real need’. You see everyone ‘wants’ things: a better car, more party money, shiny new gadgets, money to spend on vacations… there are many things we all ‘want’, but identifying the things you really NEED is the first key. Really focus on deciding if what you want more money for is a real necessity; if it is, great. Then continue with Step 2…
• Step 2. – Set a Figure for Your Goal: Define exactly what it is you need in a monetary sense, and I mean exactly. If you ‘need’ new clothes, check out clothing stores, identify what you want to buy, and know exactly how much it will cost. The key with this step is to give a true figure of what you are looking for. Let’s say you’ve seen and identified exactly the clothes you’re looking for, and they cost $122; that’s your goal…to achieve an additional $122. In Step 3…
• Step 3 – Take responsibility: This Step is crucial; you have identified exactly that you really ‘need something (step 1); you have defined exactly how much you need as a figure to get what you need (Step 2); now you need to tell someone you’re going to get it, and I mean really ‘get it’. The reason you need to tell someone is to hold yourself accountable to someone while you work to get what you need. It’s easy to give ourselves personal excuses for why we didn’t achieve what we set out to achieve. It’s much, much harder to make those excuses verbally to others, especially when they remind you of what you said you would do every day. You need someone to hold you accountable for the commitment to get what you’ve defined in Steps 1 and 2 as needed.
• stage 4 – Have a plan to earn the money you need: This is the easiest step because there are literally a lot of things you can do for teens to earn money. Below is a really great guide that I recommended to my teens to give them ideas for ways they could make money.
• step 5 – To take action!: Probably the hardest step! You know exactly what you need; you have calculated the precise amount of money you need to have to meet that ‘need’; you have shared your commitment with someone that you are truly committed to getting exactly what you want; you found a way (like) to get the money; and now, finally, you have to ‘take action’ to get it… and this is where most teenagers (in fact, most people, period) they fail themselves: they simply don’t take the steps they need to take to get what they really set out to do.

never forget Action is the merchandise of kings– Follow these steps and take action and you really will have all the money you need as a teenager.