I’m 18 years old and work $20,000 in my checking account. I have no debts as I’m still in high school living with my mom which I plan to do as I go to college still debt-free to major in marketing with the idea of investing that money into myself and a business along with starting my business credit. I’m really just trying to get the ball rolling and do what I can to take care of myself and those around me. Open to other people’s takes and opinions.
Raine said:
Don’t major in marketing if you want to start your own business. Something that allows you to provide niche services to later become self-employed. Think accounting or a trade.
Can you explain further please!
Put it all in an ETF. This is the most passive and close to risk-free you can get. There are high-dividend ETFs that pay out decently better than a high-yield savings account. Or you can just track the S&P 500 with one of those ETFs.
@Monroe
What’s the return on that?
Invest in something with a return and regular payout. Something that reinvests is wise.
You ever heard of flipping high profit liquidation pallets?
Quinlan said:
You ever heard of flipping high profit liquidation pallets?
My parents used to go through returned liquidation pallets from like retail before COVID because they were cheap and man I swear most people return because they don’t like it or something because most of them work/no defects at all when we test/look at them 
and of course we would sell them at flea markets around town 
@Delaney
Yeah, I do the same thing. I’m not gonna lie, it’s been like the easiest money I’ve made so far lol I’m trying to get more people in the game!
@Quade
You buy liquidation pallets at a discount price and break them down and sell each product a little under market price.
Quade said:
@Quinlan
I’m from Seattle.
This comment is empty; admin should fix.
Quinlan said:
@Delaney
Yeah, I do the same thing. I’m not gonna lie, it’s been like the easiest money I’ve made so far lol I’m trying to get more people in the game!
Yeah after COVID it’s expensive buying pallets now, so we found another supplier no more driving an hour! And my mom sells mattresses now; I’m kind of drifting focus because no one can steal those in a flea market lmao.
My mom has been trying to get me into it, but I hate having ‘store items’ in my living space bc like hell I’m getting a storage unit 
might as well use the rent for that storage unit for a new flea market booth instead.
@Delaney
Yeah, prices did spike a little bit. But I’m in Jersey lucky a spot an hour away in Brooklyn that I usually go to opened up a warehouse in Jersey saving me a trip and their prices are decent.
And I also was thinking about the mattress game but I started flipping a few couches from online. I wasn’t too consistent with that but I made a few dollars. I never got them to a storage tho; I always had people meet me at the place of the couch so they can pick it up and pay me lol.
@Quinlan
Ahh that makes a big difference; we are midwest area!! Indiana!!! Mom has suppliers for mattresses too, and they deliver straight to the house because we might have mattresses spread around the flea markets but if it’s sold out and we have it at her place it’s tax-free lmao.
@Delaney
Oh ok, mom’s got the plug on the mattresses. Okay, I need one too lol and I ain’t mad at her; tax-free is always good. Keep as much money in your pocket as possible lol.
Quinlan said:
@Delaney
Oh ok, mom’s got the plug on the mattresses. Okay, I need one too lol and I ain’t mad at her; tax-free is always good. Keep as much money in your pocket as possible lol.
Of course!!! Good luck; we for sure started small; we used to go to Goodwill (basically the resellers now), storage unit auctions (folks that don’t pay anymore and sell the stuff), home auctions (where people still have stuff in it and we sell them ex: usually furniture, paintings) or in auctions in general, and found and did the liquidation stuff!! For sure make connections bc my mom and I got bougie living room furniture because a friend needed to move ASAP to a different state and needed stuff out to sell their house (this was 2018!!!) and got to sell some stuff too!!!
I’d look at VOO.
Which on that note, I made a sizable VOO buy 3 months back and just noticed I forgot to check reinvest dividends on that order 
.
Cut my losses and keep it or sell it and buy back in and remember to check it this time?
Start working on your Roth.
Jere3 said:
Start working on your Roth.
Yeah, I had a thought to put at least 5k into it.