As the title said, I’m 15 years old and have AU$1400 saved up. I no longer have a job and am working on a small business of mine, which has just $300 in revenue in the last few months.
The reason I’m here is because I’m not sure if I should invest in some compounding assets or something else, and if I should educate myself on stocks/dividends before making a decision?
I have read finance books such as Rich Dad Poor Dad, the Warren Buffett Way, and others, so I do know a lot about finance/business considering my age.
I previously had a job as a dishwasher for AU$16 per hour, and so I got $1700 from that after working for 5 months.
If I should ask this on a different r/, please direct me there so I can figure out what I should do :)
For some reason, you asking this question is strange to me considering you left this response to another post: “Best bet is just staying in your industry as it will probably give you much better return than going into a whole new industry with much-too-high hopes, as chances are you will be overwhelmed by the required commitment for a small business even if it looks easy to run at the start, especially if its not an already developed business (which would therefore likely be ran mostly by its employees).”
Not strange at all. He does say he is somewhat educated on the topic, but he knows he doesn’t know everything. He probably has some ideas of what to do and is just coming to see if others share the same sentiment or if he should try something else.