Welcome to Radical Personal Finance.

Today on the podcast, I would like to give some advice to teenagers and parents of teenagers

related to a summer job.

And in today's podcast, I am going to tell you what I believe is the highest

paying summer job that is available for teens.

This summer job will make you far more than minimum wage. It could

pretty easily make you 10X minimum wage. It possibly could make you as much as a few hundred dollars per hour, and I am not exaggerating.

That job, very simply, is to apply for scholarships, especially college scholarships.

Some months back a friend of mine who has many teenagers wrote to me and said

Joshua how can I teach my teens to make money? What's the best way for my

teens to make money? And I've been

thinking about this for quite a long time and obviously there are many things

that a teenager can do to make money. And in fact I'm very grateful that there are more things today that a teenager can do to make

money more than it ever before in human history.

Now this particular friend of mine lives in Europe and there's not a place where in the town where she lives it's unlikely that her children will be able to get kind of the standard American style summer job.

But that doesn't mean that there aren't employment opportunities.

There's always opportunities for a job.

But I think, don't we want a little bit more? Wouldn't we like to make a little bit more money and so you go to things like self-employment or business after all one of the nice things about the internet revolution is that if a teenager is able to develop the skills that the market values, then

that teenager can access a global job market and because of being able to be hidden behind

a computer screen, oftentimes the teenager can

surpass the standard built-in age discrimination that teens face in the workplace and earn good

money.

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