TheTop 5 millionaires under the age 20

The rich are learning about new ways to make money and increasing their net worth. Some of the millionaires that we find in the world today are below the age of 19!

So what is it, which makes some teenagers super rich? When we go through the lives of these rich kids, we can identify some common patterns as follows:

1)    What started as a hobby for them, ultimately grew to a profiting full blown business
2)    Some started small and learned to grow their business step by step
3)    Some innovated some tools or useful product, which became an instant hit among users.
4)    Some developed a mobile app that became an overnight hit
5)    Some created some services out of people based needs.
6)    Some just became accidental millionaires!

Here’s a countdown of the top 10 teen millionaires and their amazing life story:

1.Rachel Zietz
Rise to Fame—Founder of Gladiator Lacrosse
Age: 16
Country - USA
NETWORTH - $1 MILLION
The business: Gladiator Lacrosse sells lacrosse equipment, including backyard goals and rebounders.
Her motto in life: In 20 years, I will be “Doing something business-related. I don’t know what the future will hold for me in 20 years, but I hope that I can look back and say that I somehow left my mark in the sport of lacrosse.”

2. Ben Pasternak
Rise to Fame—Founder & CEO of Flogg
Age: 17
Country - Australia
NETWORTH - $2 MILLION
The business: Flogg is a social community for and virtual marketplace. It is used by teens to sell, buy and barter items within their network.
His motto in life: I will be “Changing the world, building the next Apple in 20 years.”

3.Shubham Banerjee
Rise to Fame—Founder of Braigo Labs
Age: 14
Country - USA
NETWORTH- $800,000
The business: Braigo Labs produces low-cost Braille printers for the visually impaired. The latest model uses Wi-Fi and Bluetooth to automatically print text from a website and translate it into Braille.
His motto in life: I will be “In the field of a merge between technology and medicine in 20 years. Surgical procedures with robotics or human health would be great for me.”

4. Bella Tipping
Rise to Fame—Founder of Kidzcationz.com
Age: 13
Country – Australia
NETWORTH - $80,000
The business: Kidzcationz is a travel review website for kids. It allows them to rate hotels ,restaurants and attractions based on how well they score with them.
Her motto in life: I will be … “Working at Virgin Unite(nonprofit organization) and fighting for social change because I want to live in a world where everyone is included in 20 years.”

5. Nash Grier
Rise to Fame—Digital star and social media influencer
Age: 18
Country - USA
NETWORTH -$1 Million
 
The business: He has more than 12 million followers on Vine. Due to his hugely popular videos, he has got very lucrative endorsement and book deals. He also sells merchandise on his website, including hoodies, sweatshirts and socks.

His motto in life: I will be “A master in my craft/s—whatever I choose those to be in 20 years. I just want to use my voice and my power to shine a light on the darkest topics, talk about what is feared, empower people, and create the best art I can—no matter the form.”

Here are some tips for everybody who harbors a secret wish to become a millionaire and still don’t know where to start off and go on with it.

1. Cut your cloth according to your cloth.
A well-known fact is, wealthy people avoid overspending. They save 20 percent of their net income, rest 80 percent they use as means of living.

So make a solid retirement plan. Savings and investments are two completely different things. Never loose money from your savings. Try to stash away as much as 6 months of living expenses in your bank account as an emergency fund. This will help you when you loose your job suddenly or your business goes bust.

2. Don’t gamble.
It’s a general trend among financially weak people to gamble and put their money on stake every now and then, thinking they might become an accidental millionaire. Wealthy people create their own good luck and do not rely on accidental good luck

3. Read something every day.
Successful people make reading their habit. They gather knowledge about anything that will increase their knowledge and make their business more successful. A majority of wealthy people read 30 minutes or more every day.

4. Spend less time on TV and Internet.
It was found that 2/3 of wealthy people watch less than an hour of TV a day and almost 63% spend less than an hour a day on the internet unless it is job-related.
Instead, they use their free time by engaging themselves in personal development, networking, volunteering, working side jobs or side businesses, or pursuing some goal that will lead to rewards in future.

5. Learn to control your emotions.
Rich people have better control on their emotions. They know that if they let emotions control them, it can destroy relationships at work and home. When they are agitated, they wait to calm down first and then look at the problem objectively. Fear is a negative emotion which wealthy people know to overcome. They are not weary about making mistakes or risking a failure.

6. Start networking and volunteering for work.
Networking helps you to build valuable relationships that can result in more customers or clients, or help you land a better job. Almost three-quarters of wealthy people network and volunteer a minimum of five hours a month.

7. Push yourself beyond your job.
There is nothing like “it’s not in my job description” in the dictionary of successful people. These people work hard to achieve the mutual goals of their employers or their businesses.

8. Set concrete goals.
You need to set a clear-cut goal for yourself and not mere wishes. Every year, 70 percent of the wealthy pursue at least one major goal.

9. Learn to avoid procrastination.
Successful people know that procrastination impairs quality; creates dissatisfied employers, customers or clients; and damages other nonbusiness relationships.

10. Talk less and listen more.
According to the 5-to-1 ratios, for every minute you talk, you need to listen for 5 minutes. Wealthy people are good communicators because they are good listeners. They understand that you can learn and educate yourself only by listening to what other people have to say.

11. Remove toxic people.
Our success depends on the people we interact for most time. So try to invest in a relationship with someone who can help you up instead of a relationship with someone holding you back. Rich Relationships can help you find a better job, or new business or open other doors of opportunity.

12. Don’t give up.
Successful people have three things common in life: focus, persistence and patience. They do not quit the race. They cultivate positive habits and always try to remain in a positive mind frame.

13. Avoid self-limiting beliefs that hold you back.
Majority of wealthy people attribute their success in life to their beliefs. Change your negative beliefs into positive affirmations by reading various books. This can do miracles.

14. Find a mentor.
A mentor regularly and actively participates in your growth by teaching you what to do and what not to do. Most wealthy people had a mentor to guide them in their path to success.

15. Define your main purpose in life.
It’s the last Rich Habit, but it is the most important. Those people, who have a dream or definite purpose in life, are the wealthiest and happiest among us. They are happy to devote more hours each day for their purpose because they love what they do for a living.

There is a possibility that if you are not making good money at your job, it is because you are doing something you do not like.