Wednesday, April 9, 2014

How can a 11 year old kid make money?




Nicky T


(My brother asked my to post this question)
He lives were no people live to clean or wash cars or whatever. So any suggestions.



Answer
I and my brother used to do these:

We would bake and make lemonade and sell cookies and lemonade in sealed plastic bags to other kids.

We also wrote short stories and made little puppets with magazine cut outs and popsicle wooden sticks, or coffee stirrers. Cut a picture and glue a stick in the back = puppet

We made puppet theaters with cardboard cereal boxes cutting out one long rectangle from one of the long faces of it, we would decorate it with and news paper and magazine cut outs to make a âsetâ or scenery, we sometimes would put scenery on stick too so it could change from scene to scene

Cutting a long slit at the bottom of the box so we could introduce puppets and then sold shows for like 50 cents each. They were a hit and kids would attend shows from blocks away

We made cards for mom's dad's and we even sold some to adults for others.

My brother also found that he could earn money when he made a deal with a grocery store, by loading his bicycle with produce and groceries from a grocery store and he brought it to the neighborhood some people bought it and the store keeper paid him like 50 cents per item sold. He always had money and he was always very entrepreneurial in his thinking we made good money and had fun

Please Help Me A Car, PLEASE!?




Chaz


My 16th birthday is coming up, and i really need a car, not only for myself but to take care of my elderly grandmother. now my issue is that i find cheap cars at all the dealers but they're either too old or have too many miles for my mother to finance. i need a car between $500-$1500, but i cant pay that all at once, i need an installment plan or something.... please help!


Answer
Chaz,

Calm down, I know what you are going through. I was 16 once and I needed a car real bad. So, let me ask you a question or two, OK?

Good! Just get yourself a pen and paper and answer these questions they should help you make an informed and thought out decision.

Do you have some sort of income? How much per month? Will this income continue at this amount per month while I am in school? I suggest you do not work more than 15 - 20 hrs per week while in school. And that is still a lot of hours.

Car Expenses:

1. Price of car = the amount you pay for car. I think you should pay cash for your first car. I had too.

2. Cost of car: Hey, didn't I just answer this? Nope you did not! Cost is much different than price. Cost is all the "extras" + Price. Like: personal property tax (a yearly tax for owning a car), Plates, Insurance, Fuel (at $3.50 to $4.00 per gallon it will cost you $50-$70 each time you fill that gas tank), Tires (these wear out, and wear out fast if you like to 'peel out' , corner at high speed, drifting is a tire killer, oil changes (at least 4 per year at $20 or more per change), starter, brakes, battery, air cleaner, windshield wiper blades, fuses, light bulbs, fan belts, alternator, engine, transmission, the list never ending it seems.

3. Still want that car? OK, then lets do some math! What is that car going to "COST" per year? Now divide that by 52 and you will now know what it will cost you each week.

Now, about grandma, who has been tending to her up until now? Or, I see you working it, is this a ploy to get that car?

I bought my first car at 15 years old. It was old ugly and worn out. But, I knew and learned how to repair it when it broke down. Granted the cars were much simpler back then and I struggle to fix them now days. If you can do some repairs and maintenance yourself it would help.

Good luck and happy trails. Your first car won't be a dream car but it sure will beat walking or riding the bus.


P.S. Chaz, have you ever thought of going into business for yourself? That is how I made enough money to get my first car. I mowed lawns for older people, shoveled snow, cleaned out basements and garages, fixed bicycles for peoples kids, I even tended goats for a guy for two years. There are many things you could probably do to make more money than getting a job at a fast food place. Though when I turned 16 I got a job washing dishes in the evenings and loved it. I still did odd jobs and also began fixing cars for friends and their friends. Maybe you can do something on the computer, let your mind run wild if you really want something you can and will find a way to get it.




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