Bangalore: Earlier the kids had a fantasy of being a big celebrity, a rockstar etc. But now they have drifted from being just a famous celebrity to a young millionaire. They want to be the next Mark Zuckerberg. As parent many how often have you wondered that your own financial futures are diminutive because of not investing early enough? It is this thought that drives several parents to use different techniques to save their children from repeating the same mistake. Investing early can help the young grow a fortune; also it can magnify any investing mistakes made along the way. Kids are oblivious about retirement. All they want is the latest car, and the latest tech product. But you can help your child realize the formula for retirement fund success that relies saving early.

Here's how today's teenager can start earning their first million by the time they retire:

Get a Summer Job at The Age of 15 or 16

If your teen is thinks getting a summer job is impossible, then he is wrong. Jobs and pay are variable based on your location, the difficulty, and the time it takes to complete each job.  Earn some amount per summer all through high school. They can begin working in retail stores at age 16; but the laws vary definitely by state. Check if you’re teen requires a work permit. You kids can try babysitting, as it is a popular summer job to explore when school is out. A typical summer vacation is around 3 months in length, so your child would be looking at working at least 117 hours per month, or about 29 hours a week.