Nifty story, and NOT all easy success. Some good lessons for early entrepreneurs. [image] 17-year-old used $2,000 in savings to start an Amazon side hustle—now it... High school senior Bella Lin started a side hustle to sell better guinea pig cages. Now, her company GuineaLoft brings i…

[image] GGX: If you aggressively deduct everything you can, it’s a lot more than hundreds. Oh yeah. I was just stating an amount based on the non-deduction of “only a few thousand miles” of driving. I haven’t checked out the latest IRS rate, but even in the lowest brackets, “thousands of mil…

Those of us who have been through the college admissions rat race recently see through this young woman’s resume-building enterprise, aided and financed by her family. If her grades and SATs are good enough, her business building activity and national publicity will get her noticed, and likely adm…

[image] selg: Admissions officers are unlikely to look at the numbers from her business when considering her application. I don’t believe most admissions officers know the first thing about business. Numbers?

They don’t need business details; just the press clippings. That’s all that really matters.

Well, the way you know it’s a ruse or not is if she goes to college. If the business is really successful, with exponential growth, there’s no need to go to college. The average college grad makes like what, 50 - 60K? And you spend 100-200K in tuition/student loans give or take. Looking at her pro…

The thing is, with that kind of media attention she’s going to find her self with competition very quickly. Just glancing through the offerings she has, most of what she has is out of stock. It’s a very basic and easily copyable idea. (I have no idea if she patented anything but some countries don’t…

That’s a bit of a faulty premise albeit I agree with your that institutions are broken, are overpriced and aren’t emphasizing thought and learning. An education is precisely that - the acting of rearing - it encompasses critical thought, and provides a world view at the highest philosophical, ontol…

Yeah I know that it’s an oversimplified and somewhat flawed way of framing college, but for many people it’s a somewhat accurate representation of what it is for them. It’s more about the point that if someone actually has a successful business at that age it makes more sense to continue with that, …

[image] papy: “Making money” isn’t the only purpose of or reason to go to college. Many people also don’t want to run their own business, even if they had success building pet cages in high school. What if this young lady in the article really wants to be an optometrist or is interested in im…

[CNBC] 17-year-old used $2,000 in savings to start an Amazon side hustle—now it brings in $34,000 a month

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papy January 14, 2024, 9:01pm 71

“Making money” isn’t the only purpose of or reason to go to college.

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