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Anonymous
What are the best side hustles for teenagers to earn passive income? should we start investing young? or should we be focusing on our studies instead of making money?
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Presley Soh
31 Jan 2020
Trader at Octafx
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Gabriel Tham
15 Jan 2020
Tag Team Member at Kenichi Tag Team
Set up a youtube channel, instagram channel, tik tok or whatever is the social media that teens use these days.
One thing I admire about teens now is they are really good at social media. I have been seeing alot of youngsters doing their own youtube videos of literally anything.
For me, too shy to do such social media but teens these days really very good at videoing and selfie themselves.
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Leslie Koh
15 Jan 2020
Associate Financial Services Manager at Prudential Assurance Company Singapore
Donât get caught up with the idea of passive income. In order to get good passive income, there are a lot of work to be done. Sometimes, getting an active income might be easier. Passive income is a long game that you have to play to get paid so focus on acquiring good skillsets like video editing, copywriting.
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If I am still a teenager, the first thing I'll do will be transferring all OA money (not much when I am just 18 y/o) to SA account.
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Passive=top up your cpf SA account.
Everything else is active....
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Assuming that you are a ordinary teenager working part time, i would recommend you to attend some free courses (although those gurus will sell you their course at the end of the event) regarding investment. Allocate your salary wisely, save most of your salary and once it reach a significant amount, you can use it to invest in stocks, reits, etfs etc.