Teens

How to Get Investment Money Without A Job

Stock competitions with $10k+ in prizes, entrepreneurship grants from $15k-$275k and how to prep for your financial future without a job.

5 min read
November 13, 2022
Stock competitions with $10k+ in prizes, entrepreneurship grants from $15k-$275k and how to prep for your financial future without a job.

Key Points

  1. Get creative
  2. Always save enough for an emergency fund
  3. Compete in stock competitions and other youth-cash prize rewards

By now, you know that investing early is important and how powerful spare cash can be! But what do you do if you don’t have a job or steady income to generate funds for investing? If you do have a job with low income, you can check out this guide as well.

1. Leave enough for an emergency fund but otherwise redirect your savings

An emergency fund covers the cost of living for 3-6 months. Multiply the cost of living for 1 month by the number of months you would need emergency cash for ($x * 3).

2. Compete in Stock Competitions

Stock competitions typically give you mock money, fake funds equivalent to the USD, to invest in the real stock market! The simulators use technology to track the price movement of stocks so you’re getting the full investing experience without risk or actual ownership. Usually the team with the greatest profit earns the gold medal as well as some cash.

Stock Opportunities for Teens

  1. StreetFins Stock Competition | $2k in Prizes
  2. Young Investors Challenge | $10k in Prizes
  3. Wharton Global Youth Investment Competition

Entrepreneurial Funding Opportunities

  1. Fishbowl Challenge | $50k
  2. Diamond Challenge | $100k
  3. Youth Service Zone Grants | $15k
  4. Mott Social Justice Grants | $1k-$275k

Entrepreneurship Programs for Teens

  1. The Knowledge Society
  2. LaunchX
  3. ID Tech Camp Business Bootcamp
  4. Tufts Entrepreneurship
  5. NSLC Entrepreneurship Camp

Media Contact

Allan for Bloom

allan@joinbloom.co

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