Student Financial Freedom

I recently took a trip to Boston for the New Year and noticed a few very important things. First was the fact that there were a lot of young people like myself; second was the diverse economic standing between the people there. While hanging out with my friends I realized that everyone there was young and ambitious. However how do you think many late teenagers and early 20 year olds make a lot of money? Well we do it from online business. I recently created my own business on the web which is now making positive profit after a very small time period. Online businesses are not for everyone though; I have recently sacrificed working any student job this winter in order to start mine. The opportunity cost for me was probably about $2,000-$3,000 (opportunity cost is the money you could have made if you did an alternate activity from the one you were doing, so in this case I would have made that money from working however I did not work). My business has an estimated $3,000 a month profit, and I am the only employee. Sure I could have worked very hard doing a student job, but now I am making a lot more money and I have a steady cash flow. I can get into how to start a business if anyone is interested. However it would take me a while to explain everything so I will not go into it now. Having multiple money sources is a great way to financial freedom at a young age; it’s not impossible to be wealthy and young. I have one philosophy that I follow, work hard party harder. I network like crazy now, the more people I know the more chance I have at success. Some students that I have observed do not have a large social network; they would rather study or hang out by themselves all the time. I constantly party and hang out with friends; this is the key to my success. I still maintain a high GPA don’t get me wrong, I think it is very important to study as well but if you find yourself only partying or studying it will be a lot harder to succeed.