13 yr old makes 7 million - money for children
A 13 year old Child makes millions in 3 years, now that is the way to go. We have to teach our children that life is hard, challenges are difficult to overcome but the possibilities are endless.
Richie Stachowski
Richie was both a corporate founder and a president by age 13. His product, Water Talkies,™ reaps about a half-million annually. At age eleven, Richie was snorkeling on a Hawaiian vacation. Frustrated that he couldn't communicate with his dad about undersea discoveries, he came home and designed an underwater megaphone. He used the internet for research, his home pool as a test lab, and $267 of his savings for startup capital. Richie's company, Short Stack, LLC, negotiated with major retail chains to carry his product. Water Talkies™ were a hit in the summer of 1997 and have kept people communicating underwater ever since. Who says vacations can't lead to great ideas.
Richie had plans to sell his company from the beginning so it came as no surprise when he agreed to sell Short Stack three years later. Skipping a grade seven history exam, Richie and his parents signed a deal with Wild Planet Toys of San Francisco. Short Stacks had been bought for seven million dollars - definitely worth skipping an exam for.
The biggest obstacle most people face, not children alone, is the lack of money. Now I still believe that money should not be an obstacle – you can save, you can work towards raising the funds you need to get an idea from the “imagination” stage to the down on paper and in the works stage. But the question, or excuse most people give when avoiding making their dreams come true is: I don’t have the money.
So to combat that reasoning, obstacle or excuse – I would like you to think of Crowdfunding.
Crowd funding is: the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations. Crowdfunding is used in support of a wide variety of activities, including disaster relief, citizen journalism, and support of artists by fans, political campaigns, startup company funding, motion picture promotion, free software development, inventions development, scientific research, and civic projects.
One of the crowdfunding sites you may consider (of which I have no affiliation with) is GoFundMe.
GoFundMe Overview
Launched in May 2010 and based in San Diego, CA, GoFundMe has quickly become the #1 crowdfunding website in the world for personal causes and life-events. Hundreds of thousands of people have raised tens of millions of dollars for the things that matter to them most. GoFundMe users can choose to create a) Personal Donation Campaigns, b) Charity Fundraising Campaigns or c) All-or-Nothing Crowdfunding Campaigns.
The service operates in the U.S., Canada, Australia, The U.K. and in E.U. countries that use the Euro as their currency. Having received no outside capital or investment, GoFundMe answers only to its users! GoFundMe charges a 5% fee on all transactions. Unlike other sites, we do not increase our fee on campaigns that fail to reach their goal.
See success stories video.
Also read about: Child inventor: Jacob Dunnack
Richie Stachowski
Richie was both a corporate founder and a president by age 13. His product, Water Talkies,™ reaps about a half-million annually. At age eleven, Richie was snorkeling on a Hawaiian vacation. Frustrated that he couldn't communicate with his dad about undersea discoveries, he came home and designed an underwater megaphone. He used the internet for research, his home pool as a test lab, and $267 of his savings for startup capital. Richie's company, Short Stack, LLC, negotiated with major retail chains to carry his product. Water Talkies™ were a hit in the summer of 1997 and have kept people communicating underwater ever since. Who says vacations can't lead to great ideas.Richie had plans to sell his company from the beginning so it came as no surprise when he agreed to sell Short Stack three years later. Skipping a grade seven history exam, Richie and his parents signed a deal with Wild Planet Toys of San Francisco. Short Stacks had been bought for seven million dollars - definitely worth skipping an exam for.
The biggest obstacle most people face, not children alone, is the lack of money. Now I still believe that money should not be an obstacle – you can save, you can work towards raising the funds you need to get an idea from the “imagination” stage to the down on paper and in the works stage. But the question, or excuse most people give when avoiding making their dreams come true is: I don’t have the money.
So to combat that reasoning, obstacle or excuse – I would like you to think of Crowdfunding.
Crowd funding is: the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations. Crowdfunding is used in support of a wide variety of activities, including disaster relief, citizen journalism, and support of artists by fans, political campaigns, startup company funding, motion picture promotion, free software development, inventions development, scientific research, and civic projects.
One of the crowdfunding sites you may consider (of which I have no affiliation with) is GoFundMe.
GoFundMe Overview
Launched in May 2010 and based in San Diego, CA, GoFundMe has quickly become the #1 crowdfunding website in the world for personal causes and life-events. Hundreds of thousands of people have raised tens of millions of dollars for the things that matter to them most. GoFundMe users can choose to create a) Personal Donation Campaigns, b) Charity Fundraising Campaigns or c) All-or-Nothing Crowdfunding Campaigns.
The service operates in the U.S., Canada, Australia, The U.K. and in E.U. countries that use the Euro as their currency. Having received no outside capital or investment, GoFundMe answers only to its users! GoFundMe charges a 5% fee on all transactions. Unlike other sites, we do not increase our fee on campaigns that fail to reach their goal.
See success stories video.
Also read about: Child inventor: Jacob Dunnack
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