There’s no age limit when it comes to being a millionaire these days, and a handful of kids have struck it rich well before they can legally vote. They’re small business owners, inventors and entrepreneurs. I started as an entrepreneur when I was around 11 years old with my first candy stand, which grew to four candy stands, but that was nothing compared to some of these kids!
There’s is no age limit, either, when it comes to learning from others. These impressive kids learned from their own failures early in life but determined to keep going and to do it better the next time around. If you haven’t made your first million yet, the teen next door might actually be able to teach you something.
Check out these eight kids who made a million, or more, and what you can learn from their success:
1. Evan of EvanTube
With the help of his dad, this 8-year-old launched his own YouTube channel, titled EvanTube, and rakes in about $1.3 million each year. He reviews toys, talks about things that other kids his age are into, and he’s secured an audience that will grow with him. There are quite a few YouTube millionaires, so if you have the charisma to pull it off, it’s a free avenue for creating your own brand. Unfortunately, few entrepreneurs have the cuteness factor of Evan on their side.
2. Christian Owens
His motivator was Steve Jobs, and that’s how Owens made his first million at the age of 16. He got his own PC computer as an adolescent (soon followed by a Mac) and taught himself web design in middle school. By the age of 14, he’d started his own design company. Founder of Mac Bundle Box, he negotiated with developers and manufacturers to offer simple, discounted packages for his customers. The lesson? Follow your passions, claim your mentors and find a way to give people what they want for less.
3. Adam Hildreth
When he was just 14, Hildreth got together with friends to create Dubit—a social networking site. It was wildly popular in the UK and by his sixteenth birthday he had nearly $3.7 million in the bank. He then moved on to developing Crisp, which is a software company that helps protects kids from online predators. There’s nothing wrong with jumping on a trending bandwagon, but if you want continued success then find a way to branch out from it and innovate.
4. Cameron Johnson
Johnson was asked by his parents to develop invitation cards for a neighborhood party when he was 11. The guests adored the cards and started paying him to craft their own personal use cards. He founded “Cheers and Tears“ by 14, then Cameron moved on to online advertising and software development. By high school, his monthly income was around $400,000. The lesson? Do everything well and don’t be afraid to try new things (or industries).
5. Geoff, Dave, and Catherine Cook
These dynamic siblings are behind, “MyYearbook,“ a (still) popular social media site that’s based on where you went to school. These kids had just moved to a new school and wanted to make new friends, so an online yearbook seemed like the perfect place to start. This was before Facebook was a household name. The lesson? Sometimes nepotism works, and if you find a disparity in the market, you can be the one to fill it.
6. Farrhad Acidwalla
In between attending school in Mumbai, India, this 16-year-old is the founder of Rockstah Media. It’s a comprehensive marketing agency boasting 20 employees around the world. “My team is the backbone of my company,“ says Acidwalla. The lesson? Everyone has the same hours in the day, so if even those with limitations (like being a kid) can grow a company like this, so can you.
7. Emil Motycka
What started as a lawn mowing business when he was nine turned into Motycka Enterprises by the time he was 18. In order to keep up with all the demands of a teenager, he works the graveyard shift and says, “I sleep four hours a night on average“ and call it sleep for the week. That amount of sleep might not be the best advice, but perseverance, and being willing to do what it takes to get the work done, can certainly get you to his level.
8. Ryan of “Ryan’s Barkery“
One of the handful of kids featured on “Shark Tank,“ as an elementary school kid, Ryan raked in $25,000 for 25 percent of his business. Now Ryan is 12 years old, and is the young entrepreneur and founder of a dog treat bakery. He is building his business in an industry (pet pampering) that’s recession-proof. The lesson? Find your own niche, it’s there waiting for you.
Think you’re beyond the age limit to make a million? Think again. Experience and maturity come with their own benefits.
charisma: n.魅力； <宗>神授的力量或才能； 超凡的个人魅力
predator: n.以掠夺为生的人； 捕食其他动物的动物
bandwagon:n.时尚，浪潮； [音乐]乐队彩车； [非正式用语] 引导车
disparity: n.不同； 不等； 不一致； 悬殊
backbone: n.脊梁骨，脊椎； 分水岭； 支柱
perseverance: n.毅力 ； 韧性； 不屈不挠的精神
受史蒂夫•乔布斯的启发，欧文斯在16岁时就赚到了他的第一个100万。他在少年时期就有了自己的PC机（很快又换成了一台Mac电脑），上中学时自学了网页设计。14岁时，他成立了自己的设计公司。作为Mac Bundle Box的创始人，他与开发者和制造商谈判，为客户提供简单的优惠套餐。要问他的经验是什么，那就是追随你的兴趣，结交良师益友，找出方法以更低的价格满足人们的需求。
在约翰逊11岁的时候，他的父母要求他为一次邻居派对设计邀请卡。客人们都很喜欢他的邀请卡，并开始付钱请他设计卡片。他在14岁时成立了“Cheers and Tears“，后来又投身在线广告业和软件开发。他在高中时的月收入已经达到40万美元。他带给我们的经验就是：把每一件事都做好，不要害怕尝试新事物（或新行业）。