How can i save up to 5k?

G30RG3

Well since all you are all old Saveing novices And im the new 12 year old to the market hopeing to make a quick buck or should i say aprox 50p
Well heres the serious Part
I Want to Do well in life and by that i know ill need cash for Dishing out on personal Expenceis on learning but also to have fun!!
Who ever when they were 12 wanted to Have a masive party Randomly somewere? like the local pool me and a few mates want to book the diveing borads want to book the pool for 7 hours

And i want to earn my self All of it maybe if other people like friends will pay little to what were doing but i want to earn it all me self because if i rely on my parents and reltives all my life ill probley get a !!!! job at Kfc or burger king How much will that look good on my university report thingy migigy :P

Give me suggestions on how to make Any cash even if its a few hundred its better then 50p i have currently Around 300-370£ At my EXpence I can use all i like around anyother 100£ (depends how the intrest has been going up since i last checked my other bank account 3 years ago
And Maybe a grand or so inheritence i dont know when i am allowed to take that out

ps: Sorry for the bad grammer Also Thank you for anyhelp in advance

lr1277

Hi and welcome.

I applaud your goal and wish you well.

A couple of things you need to learn, possibly by doing them:

Learn to buy and sell (hopefully be selling at a higher price than your buying price)
Learn to negotiate.

If memory serves:
Warren Buffet took on a number of paper rounds. He did this by taking on the rounds of other kids and paying them 10-20% for the privilege.

Chris Evans (the Radio 2 DJ) bought and sold sweets/chocolates. He was in competition with the school tuckshop. The headmaster kicked him out as he was undercutting the school and he wouldn't stop.

Robert Kiyosaki learnt to make money from nothing. His first enterprise was working at a local convenience store and the comics that had not sold by the end of the week were taken back by the distributor. He made a deal with the distritubutor to take the comics as long as he didn't resell them. So I think he converted a room into a comic library. He paid his friend's younger sister to be the librarian. And the local kids would pay to look at as many comics as they liked over a 3 hour period. This had to be stopped after some weeks/months because some older kids came and smashed up the place.

Sell what people want not what they need. That is how people spend their money (willingly). Parents may not be happy about you selling sweets/chocolates, but if the kids have got the money to buy them, then it is a fair sale.

Get to your local library and read the following:
Rich Dad, poor Dad by Robert Kiyosaki
I can't remember the title but a biography of Warren Buffet.

That should get you on your way.

Hope that helps.