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How can a 13 year old start investing and making money?

I want to start investing and making some money even though I'm too young for a job at this age. Even if I'm old enough for some jobs where can I start?

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Natalie’s Answer

Demien, I love the idea that you are already thinking about this! Although you won't be able to open a brokerage account on your own. You can work with your parents to open either a custodial account. This will allow you to start investing. Also, I would recommend to start education yourself, there are a lot of resources online. Have you looked into a Custodial Roth IRA?
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Angela’s Answer

Hi Damian!

Here are some things you can do as a 13 year old:

Tutoring- Are you good at a certain subject? You can offer to tutor kids for money. Ask to talk to their parents and see what they say. You can say, "Hey, I am really good at math (or whatever subject the person needs help in) and I would like to tutor your child. I am charging (amount) of money. Is that something we can do? If they say its too much, you can make the price lower. If you need help with how much you'll charge, ask your parents.

Babysitting- you can babysit your neighbor's kids or your friends little siblings. Ask your parents if you need some help on how much to charge.

Walking or watching peoples pets- People need to go out places and need someone to watch their pets. You will have to feed the pet and maybe give them baths. Give the pet a walk and play with them.

Washing cars- Ask your neighbors if they want you to wash their car for a certain amount of money. Ask your parents how much to charge for this. You will need a bucket, sponges, water, soap. Wear some old t-shirt and something you don't mind getting messed up because you'll be cleaning a car. You might need a little vacuum too.

Lemonade stands- Look up on Youtube how to make lemonade and buy supplies at the store. Have your parents help you make it if you need help. Get a table, a box for collecting money, cups, napkins, a table cloth, and a sign that says what you're selling

If you're good at making things like bracelets or necklaces you can sell them online on Etsy.

Good luck!
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