Bet you didn’t know that one of the world’s most well-known and credited financial geniuses of our time started making money in the stock market at just 11 years old. His name? Warren Buffett. Today, he’s worth approximately $79 billion dollars! To give you a visual on the number of zeroes that is, that’s $79,000,000,000.
Perhaps one of his biggest advantages he had over others, is the age at which he began seeking to make money. Today it’s even easier to make money no matter what age you are. If you’re ambitious, hardworking, and driven to make money, you certainly can turn a quick profit in no time.
We’ll then discover more than 20 potential answers to the question of how to make money for kids, plus how to get started and how much you can make.
All you need is to keep that childlike characteristic to dream big alive and strong, and you’ll do very well! I can’t promise $79 billion well, but anything is possible!
How to Make Money for Kids
Here are more than 35 things that almost anyone can start doing to make some extra cash with just a little bit of elbow grease.
1. Take Online Surveys
Did you know that you can actually make money by giving out your opinion through paid online surveys? Companies like Swagbucks and Survey Junkie allow you to create a free account and start making money taking surveys. Businesses love feedback from customers about their products and services, so companies like Swagbucks and Survey Junkie pay you to answer questions and perform tasks online for businesses seeking this feedback.
While there are a lot of survey companies, not all will be options for kids. Both Swagbucks and Survey Junkie allows kids 13 or older to make money.
Potential Income: For starters, some survey companies (like Swagbucks) will even pay you to set up your free account, so there’s already free money for the taking. However, each survey or task usually takes anywhere from 5 minutes to 30 minutes, depending on the complexity. Payment may range from $1 to $20+. If you assume that you can make an average of $5 per hour taking surveys, and if you spend one hour per day, that’s $150 per month. Not bad!
2. Start a YouTube Channel
Ever wonder why you can find a YouTube video on just about anything? That’s because there are millions of entrepreneurs with both knowledge and interest in topics that have created a YouTube channel to make money.
If you have a particular interest or strong knowledge on a topic, you can start creating quick videos teaching people the basics of your chosen topic and YouTube will pay you as your viewership grows. Many kids are making money with simple videos playing with or reviewing different toys.
Potential Income: You get paid from the ads YouTube displays on the videos, thus the more views you have the more you get paid. YouTube pays anywhere from $1 – $5 per 1,000 views of your video. If you have 10,000 views in one week, and you average $2.5 per 1,000 views, you will make $25 per week. Keep in mind that this can be a recurring stream of income for as long as the video exists, and people keep watching it. Create multiple videos that get 10,000 views per week, and you’ll get $25 per week per video! Of course, these numbers are hypothetical, but some kids are making huge amounts of money with YouTube. A