Money Making Technique
Billy needs to earn $2,000 in seven years. There are many ways he could get this, one being saving money and putting it
in a savings account. Or he could invest his money in something with little risk. Now there is a big difference between a
savings account and investments, and that is your savings are put in a safe place that also gives you access to your money
whenever, and investments have a greater chance of you losing money. I think if someone is going to invest, do it in a
company with little risk as I said earlier. This makes your chances of losing money even smaller. If Billy keeps some of his
money in savings and the rest in investments, he could benefit from that. He could still do his lawn mowing and invest
and make extra money, and if he thinks his stocks might crash then he could sell all or some of his holdings.
Because we do not know how much he gets paid for mowing lawns it’s hard to tell if that’s all he would need to do to
earn enough money. But before we get too far, let’s do some math. If he needs to make two thousand dollars in seven
years, then he would have to earn roughly $286 a year. The first thing I would tell him to do is branch out more, and that
he should mow more lawns to make more money. Second, that he should not go and spend his money as soon as he gets
it. Third, that he should open a savings account and not take money out -- only put money in, and he should take the time
to look at multiple banks and choose the one with the best interest rate. If he finds out that he is not making enough
money, then he should try to invest. If he did invest, then I would tell him not to do it in something with high risk because
he might end up losing money instead of making it. This is very important if your trying to make money. If he finds out
that he is making enough money, and finds a company that is guaranteed to go up in sales and wants to invest I would
say go for it. If he has the chance to make more money, why not take it. Or he could invest a little amount of money in a
higher risk company to try and make a higher profit in a shorter amount of time. If that worked, then he should try again
to make more profit.
If he wants to make a profit by investing then he should invest in everyday things, or things that get very popular during a
season. Like investing in Kleenex’s during flu season. Or he could invest in plastic eggs before Easter and sell his shares
either on or a little before Easter. Investing in things like this is a good idea because it almost guarantees he will make a
profit. Or invest in a company like Tesla or Ford before they release a new car and sell while the stocks are still high. This
gives him the opportunity to make a lot of money. But he does not want to buy to many shares, because that could make
him lose some money or possibly be put in debt. That’s why Billy should always do his math to be sure that he has room
for mistakes, and can afford what he is doing.
I think this advice could really help him. If he makes enough money mowing more lawns, then he will not have to risk his
money in investing. Or if he needed to, he could invest, then when it rises, sell and make a profit. And have the money he
made put into a savings account that he only puts money into. I think he should trust me because, first, I think it’s a good
plan, and second, that’s what I would do with my money. I think my method would help him because he could make
money easily just by knowing when to invest in what. Second, it gives him room for some mistakes. If he gains money and
has extra and invests a smaller amount in a high risk company and it does badly, then he could still have enough money
unless he buys too many shares and loses a lot more money. That’s why I think Billy would like to use my technique. It
gains him money by working and by investing, and it gives him room for mistakes.
Nolan Woolsey
Spring 2016
Middle School Division
1st Place in State - InvestWrite Winner