How to Make Money Before 20?

13 minutes read

Making money before the age of 20 can be an excellent way to gain financial independence, start saving, and develop valuable skills for the future. Here are some ways you can make money at a young age:

  1. Part-time jobs: Look for part-time job opportunities in your local area, such as working at a grocery store, restaurant, retail outlet, or babysitting. These jobs can provide a steady income stream.
  2. Freelancing: If you possess specific skills like writing, graphic design, or programming, you can offer your services as a freelancer. Platforms like Fiverr, Upwork, or Freelancer allow you to find clients and earn money on a project basis.
  3. Tutoring: If you excel in a particular subject, offer tutoring services to younger students. Tutoring can be done in-person or online depending on your preference and availability.
  4. Pet sitting or dog walking: Many people are in need of someone to look after their pets while they are away. Use word-of-mouth or online platforms like Rover to find opportunities to earn money by caring for animals.
  5. Social media influencing: If you have a significant following on platforms like Instagram, YouTube, or TikTok, consider collaborating with brands to promote their products. This can allow you to earn money through brand sponsorships or affiliate marketing.
  6. Reselling: Purchase second-hand items at a low cost and sell them at a higher price. Platforms like eBay or Facebook Marketplace can help you sell items to a wider audience.
  7. Starting a small business: If you have an entrepreneurial spirit, consider starting a small business. This could be anything from selling handmade products to offering a service unique to your skills.
  8. Online surveys and microtasks: Participate in online surveys or complete microtasks through websites or apps that offer monetary rewards. While the earnings may be small, they can add up over time.
  9. Selling crafts or artwork: If you are skilled in arts and crafts, create and sell your handmade items at local markets, online craft platforms, or social media.


Remember, making money at a young age requires dedication, effort, and time management. It is important to balance any money-making activities with your education and personal life.

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How to Make Money Online Using ChatGPT: Quit Your Day Job and Earn Full-Time Income Using ChatGPT Even if You Have Zero Experience (A Complete Easy-to-Understand and Up-to-Date Guide for Beginners)

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Are there any smart financial strategies that teenagers can adopt to maximize their earnings?

Yes, there are several smart financial strategies that teenagers can adopt to maximize their earnings. Here are a few:

  1. Save and Invest Early: Start saving and investing as early as possible. Compound interest can significantly grow your savings over time. Look into opening a savings account or consider investing in low-cost index funds.
  2. Set Financial Goals: Determine what you want to achieve financially and set specific goals. This could include saving up for college, a car, or other future expenses. Having clear goals can keep you motivated and focused on saving.
  3. Budget Wisely: Create a budget to track your income and expenses. This will help you understand where your money is going and make adjustments where necessary. Prioritize essential expenses and save a certain portion of your income.
  4. Earn Extra Income: Look for opportunities to earn extra income, such as getting a part-time job, freelancing, or starting a small business. Utilize your skills and hobbies to make money on the side.
  5. Learn Financial Literacy: Educate yourself about personal finance and money management. Read books, take online courses, or attend workshops to enhance your knowledge about budgeting, saving, investing, and other financial concepts.
  6. Minimize Debt: Avoid unnecessary debt or high-interest loans whenever possible. Focus on paying off any debts you may have, such as student loans or credit card balances, to avoid accumulating interest over time.
  7. Build a Credit History: Establishing a good credit history as a teenager can benefit you in the long run. Open a credit card (if you can manage it responsibly) or consider becoming an authorized user on a parent's credit card to start building credit.
  8. Avoid Impulse Spending: Be mindful of impulse purchases and unnecessary expenses. Think critically before making a purchase, differentiate between needs and wants, and save up for larger purchases rather than relying on credit.
  9. Utilize Financial Apps and Tools: Take advantage of various financial apps and tools available to track your spending, manage your budget, or invest. These digital solutions can help you better understand and control your finances.


Remember, the key is to start early and be consistent with your financial habits. By adopting these strategies, teenagers can set themselves up for long-term financial success.


Are there any grants, scholarships, or competitions teenagers can participate in to earn money?

Yes, there are several grants, scholarships, and competitions available for teenagers to participate in and earn money. Here are a few examples:

  1. National Merit Scholarship: This scholarship program recognizes high school students with exceptional academic achievements. It provides merit-based scholarships to finalists based on their test scores, academic record, recommendations, and essays.
  2. Intel International Science and Engineering Fair (ISEF): ISEF is a prestigious science competition for high school students from around the world. Participants have the chance to win scholarships, grants, and other awards by showcasing their research projects.
  3. Scholastic Art and Writing Awards: This competition recognizes and rewards creative teenagers in various art forms, including writing, painting, photography, and more. Winners receive scholarships, grants, and exhibition opportunities.
  4. Congressional App Challenge: This competition encourages students to create and submit their own software applications (apps) for the chance to win prizes and have their work recognized by members of Congress.
  5. Siemens Competition in Math, Science & Technology: This competition invites high school students to submit original research in STEM fields. Winners can earn scholarships ranging from $1,000 to $100,000.
  6. Google Science Fair: Google hosts an annual science fair which welcomes projects from teenagers around the world. Participants have the opportunity to showcase their scientific research and potentially earn scholarships and other prizes.
  7. Coca-Cola Scholars Program: This scholarship program awards high-achieving students based on their leadership qualities, academic performance, and community involvement. The selected scholars receive scholarships to support their college education.


These are just a few examples, and there are numerous other opportunities out there depending on a teenager's specific interests, skills, and background. It is important to research and explore various grants, scholarships, and competitions available locally and globally as well.


How can teenagers leverage their network of family, friends, and acquaintances to find money-making opportunities?

Teenagers can leverage their network of family, friends, and acquaintances to find money-making opportunities in several ways:

  1. Informal Jobs: Spread the word among friends, family, and acquaintances that you are looking for small tasks or odd jobs. It can include babysitting, pet sitting, lawn mowing, house cleaning, organizing, or even tutoring younger children. Personal connections may often have such requirements or know someone who does.
  2. Online Platforms: Utilize social media, online forums, or community groups to advertise your skills, services, or products. Whether it's offering to walk dogs, providing graphic design services, selling handmade crafts, or offering academic assistance, these platforms can help connect you with potential customers in your network.
  3. Freelancing: Explore freelancing platforms like Upwork, Fiverr, or Freelancer to offer your skills and services remotely. Whether it's writing, graphic design, programming, or video editing, these online platforms allow teenagers to showcase their abilities and find clients beyond their immediate network.
  4. Family-Owned Businesses: If any family members or friends own businesses, ask if you can work part-time or during holidays. It could be assisting with administrative tasks, helping in a retail store, or sorting inventory. Such opportunities can provide valuable work experience and monetary benefits.
  5. Referrals and Recommendations: Ask family members, friends, or acquaintances to recommend your services or skills to their own networks. Word-of-mouth recommendations carry significant weight and can help expand your customer base or find new opportunities.
  6. Internships or Apprenticeships: Seek out family connections or acquaintances who work in industries of interest. Request opportunities for internships or apprenticeships, which can provide valuable experience and potentially earn some money. Even unpaid internships can offer valuable learning experiences.
  7. Network with Professionals: Attend family gatherings, social events, or join clubs/organizations where professionals from various fields are present. Engage in conversations, express your interests, and ask for advice or opportunities to shadow them or gain hands-on experience.
  8. Online Marketplaces: Explore platforms like Etsy (for handmade crafts), eBay (for selling used items), or Depop (for fashion enthusiasts) to sell products to a wider audience. These platforms can broaden your reach beyond personal connections and bring in additional income.


Remember, while leveraging your network can help you find money-making opportunities, it's crucial to demonstrate professionalism, reliability, and a strong work ethic to build a positive reputation that can lead to further opportunities.

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