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How to Turn Your Dumb Summer Job Into $162,000

How to Turn Your Dumb Summer Job Into $162,000

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OVERVIEW

  • Published By: vlogbrothers
  • Views: 606,930
  • Likes: 13,629
  • Dislikes: 199

ACHIEVEMENTS

  • A

    VIDEO
    GRADE

  • BRONZE
    TROPHY

  • USER
    SATISFACTION

  • SEVEN YEARS
    ONLINE

REVENUE

  • $1.4K

    EST. TOTAL REVENUE

  • $9 - $22

    EST. MONTHLY REVENUE

  • $118 - $294

    EST. YEARLY REVENUE

GROWTH

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How to Turn Your Dumb Summer Job Into $162,000

In which John celebrates financial independence by explaining how minimum-wage summer jobs can become incredibly lucrative if only you save some of your money in a retirement account. In the US, the most common retirement accounts are called IRAs (IRAs have tax advantages), but any investment account will do. Just sock the money away in a low-fee diverse mutual fund, wait 50 years, and enjoy the magic of compound interest.

Caveat: Obviously, I am not a financial advisor or investment professional. I am a novelist. Also, while it's a good idea to start an IRA in high school for most people, it may be a BAD idea if you're planning to seek financial aid from a private college in the US, because they might count your retirement savings against your financial aid application. (If you atte...

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