Starting out, what to do?

[Kenneth Huddleston]

Hi. My name is kenny and i am 16 years old and live in Portland, OR. The more i have though about it the more a typical career seems like a TERRIBLE idea. I have been trying to get into investing for quite a while; but although my age comes with a few advantages i also have many disadvantages and some guidance on how to go about things.

Advantages:

I have time!(Though i'd rather not use it!)

Being 16 i have plenty of years ahead of me, but because i am an impetuous, impatient teenager, and am at peace with that, i want to get going ASAP. I am looking at many forms of investing including real estate, stocks, and internet marketing.

I have read DOZENS of books on real estate, stocks, internet marketing, and just about everything else.

Disadvantages

I am on a teenager's salary;

For those who haven't guessed, that salary is NON-EXISTENT. I am trying to get a job to work around this, but in this economy that's easier said than done. Don't get me wrong, i'll keep trying, but i do not want to pin everything on it.

I am not the greatest peoples person;

Don't get me wrong, i'm not an anti-social weirdo but when it comes to things like cold-calling and door to door salesmanship, the ideas TERRIFY ME. I am constantly working on my people skills and have vastly improved compared to where i was, but that still terrifies me.

Legalities;

Being 16 years old, the number of things i can do are EXTREMELY limited in the eyes of the law. As far as america is concerned until you are 18 you get to eat, breathe, and go to school but not much more. The loopholes i need to jump through are just ridiculous. I have relatives who are willing to support me, more or less, but this has still proved to be a major obstacle.

So what i am asking is exactly how do i go about investing given my age? What is most important to me is that i can start ASAP, not just study, sit and wait until i am 18. That is one of the reasons i am studying all methods of investing; as well as because i find certain methods of investing being most applicable at certain stages in my career. For instance, say i start with real estate and establish myself with a good monthly income through rentals; i can not only use that money to expand my real estate portfolio but to build other businesses in other fields that require more money to start off. My goal is to be making 1000 per month passive income AT LEAST by the time i graduate high school. What should i do to cover my disadvantages, apply my advantages, and get going? People have mentioned finding a mentor and i've kept that in mind; that being said i have no idea how to go about it.

[Darron Stewart]

Well, given your age, there are a lot of options! Best part is you are thinking about it early enough to make a difference. By your age I had $2-3k in the bank and had loaned my Mom $2k to buy a townhouse. How did I get there, babysitting, shoveling snow, delivering newspapers, etc. Shoot, I talked with a guy eating at Buger King a while back driving an old pickup and looked really rough, he makes $100k/yr mowing lawns. So, you can get the money and get into real estate, but must buy with adult or in LLC now, but by the time you save up, you can go on your own. Now is the time to start building up cash and see what deals are out there, hit the ground running and you may surprise yourself!