This thread was prompted by a conversation in another thread between Sister Truetothecause and I. I told her that it was realistic that any 15 year old could be out of poverty by age 20 and upper middle class by age 25...legitimately. The child needs to be motivated (or at least motivatable) and have a good work ethic, otherwise this will not work. This assumes the child lives at home with his parent(s), guardian, or at least someone who provides for the childs basic life essentials such as a roof over their head and 3 squares. The child needs to be teachable and willing to commit to some basic, but essential rules. He must buy NOTHING on credit. He must live within the spending budget assigned. He must NOT acquire any credit cards. He must follow some basic guidelines to make him more employable-(such as dress for success and speak in a respectful manner). If he cannot get a job because of the economy or something to that effect, he must be willing to get a legitimate hussle, such as cutting grass, washing cars, cleaning houses....etc, etc, etc.) If he is committed, I could show him/her how to earn a lot more than minimum wage while being his own boss in his own mini business. Most of this from this point is a cut and paste from the original discussion between Sister Truetothecause and myself, so if something seems out of place, that's problably the reason... Lets start him off during the summer, school is out and he can commit full time to a job. I will come back to how he gets a job shortly, because I don't want to hear that trash about him not being able to get a job. He is going to get a job making $7 an hour, $280 per week, $1120 per month. He has a spending budget of $100 per week, and must save $180 per week or $720 per month. A child who lives at home with no bills can easily live off $100 per week. In the three months of summer, he will save $2160. Once school starts, he will cut back to 20 hours per week and earn $140 leaving him with only $40 per week or $160 per month to save. (That is more than most irresponsible adults) As the summer draws to an end, he would start looking for ways to keep his income up while in school and being unable to work full time. There are many ways to do this, but for the purpose of this example I will go with what I KNOW about first hand. Lets say, he start looking on Craigslist for cars selling in the $3000 - $3500 range. He would call them up and fish for the one who is willing to take $2000 or less, that you KNOW will sell for AT LEAST $2500. If he does this twice per month, he makes an extra $1000 in addition to his $560 in $7 hour wages. So, he is now making $1560 per month and saving $1160. He is now saving $13,920 per year. Between the ages of 15 and 20 he would save approximately $69,600. Between the ages of 18 to 20, He will increase his spending from $400 per month to $1000 per month. He will also increase his flipping from two cars per month to three cars per month. (I know two teenagers who does this now and I have a buddy that does it as well, he had flipped 6 cars in a week all on craigslist. In fact, he flipped one car the same day he got it using the exact same picture from the ad he purchased the car from. I have done it a few times myself) (If you are thinking..the kid doesn't have a dealers license....that's an easy one) Another quick one that I have used a lot is selling stuff that doesn't belong to me. I have seen expensive motor homes with for sale signs on them that has been sitting there for a while. I walked up and told them I would like to sell the motor home for them. They where skeptical at first and indicated that they where not going to pay any upfront fee but would be happy let me sell if for them if it didn't cost them anything or obligate them in any manner. I had a contract drawn up(done on my computer) They pay %5-10% upon the unit selling. (for what ever reason, I usually went with %8) 8% of a 50,000 motor home is $4000. I sold SEVERAL motor homes, boats, SUV's that belong to other people and had been for sale for a while...I did this mostly on Ebay, but a few on craigslist.