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How to Turn $500 Into $520,367: Investing Strategies I Taught a 16 Year-Old

12195 ratings | 796197 views
In this video you’ll learn how you can turn $500 into over $500,000. What’s the single best investing advice I have to offer? Easy answer. You just have to START somewhere. But more on that in a minute.... ★☆★Resources Mentioned in Video:★☆★ Best Investment Platform Where They Choose Investments for You: 📈 https://www.goodfinancialcents.com/resources/betterment-youtube-how-to-invest-100.php Best Investment Platforms Where you Choose Investments: 📉 https://www.goodfinancialcents.com/resources/ally-youtube-how-to-invest-100.php 📊 https://www.goodfinancialcents.com/resources/tdameritrade-youtube-how-to-invest-100.php Micro-Investing Platform: 🤝 https://www.goodfinancialcents.com/resources/stash-youtube-how-to-invest-100.php Forbes article I wrote on this topic: ✍🏼 https://www.forbes.com/sites/jrose/2015/10/21/how-i-showed-a-16-year-old-to-turn-500-into-520367/#dbb390571972 Blog post I wrote sharing the best online brokers to choose from: 📝 https://www.goodfinancialcents.com/best-online-stock-brokers-for-beginners-small-investors/ Okay, back to the story... There’s not many things that excite me more (with the exception of In-N-Out Burgers 🍔) than seeing a young investor get started for the first time. The fact that this investor was the ripe age of 16 makes it that much more exciting. Now you might also be thinking, “I'm not 16 years old, Jeff. I'm about 10 years from retirement.” I feel you. Instead of giving up, there's so much you can do to better your finances. I encourage you to invest something – what you reasonably can – toward a better future. Who knows, maybe later today you'll meet your future self thanking you for being smart and investing more for the future. Here’s what you’ll learn in this new video: ▶︎ What the motivation of a 16 year old can teach us about making money. ▶︎ How I use a database of almost 30,000 different mutual funds that exist to show how easy it is to get started investing by buying mutual funds. ▶︎ How compound interest makes the magic of investing really happen. ▶︎ How the changes in the stock market really don’t impact whether you should or shouldn’t invest. ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
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Text Comments (1112)
Ramon Salazar (2 days ago)
The easiest way to start investing in stocks (in my opinion) is by using Robinhood. You don't have to pay to start investing or have thousands of dollars deposited into the account. As a matter of fact, right now I have less than $100 in there, so it gives me a nice and cheap way to see what investing in stocks is like. The best part is that they don't charge any commission fees when buying stocks, so there are no inherent penalties for changing your mind about which stocks you want to have. If anybody wants to give this a try, you can look them up online (just google "Robinhood app investing"), or if you want for you and me to get a free stock when you sign in, you can use my referral link freestock.robinhood.com/ramons69. I don't work for them in any way. I'm just a user who loves their product and wants to take advantage of their free stock offer. Good luck to everybody!
Kylo Ren (20 days ago)
It sure did blow his mind. But now he is 60 yrs old and has over $500,000 and during that yr he dies, then what? Saved all that money and couldn't even enjoy it. Now someone else can. What a bummer.
May the force be with you
a youtuber (21 days ago)
Why the fuck are videos like these always over 10 mimutes?
waste of time better trade each trade for 2 % 5% 10 % and use stop loss
John•Animations (26 days ago)
Thanks sir😁 that really helped me And made me realize to invest early😁 and I'm still 14
Wow! Great job of wanting to start early!
Alejandro M. (26 days ago)
I was 14 yesterday Lmao. Good luck with this kind of invest buddy.
Ian Scianablo (28 days ago)
Again, what if you have 25,000 in a Walmart 401K? How can you should you turn that into a Roth Ira without fees, penalties and tax liabilities? How do you SAVE that 401K stash from being butchered by taxes 15 years from now? What would you do? I did not know about Roth Ira when I got hired 17 years ago! I feel like my money is held hostage and that I'm a #*&$%(& stooge!!!!!!
Drill Blogger (1 month ago)
Click bait
Chris Ykay zm (1 month ago)
Yesir 100
Andrew Johnson (1 month ago)
A smart investor never leaves a losing trade go on
ACEROCKOLLA A (1 month ago)
Wait, but how to Stocks and Mutual Funds pay compound interest? I've never seen that before. Sure, they increase whatever percentage, but I haven't seen compound interest be paid.
raviteja cheruvu (1 month ago)
Ok nice?
Nice? yes or nice no? I say yes!! 👍😀
xFlaRe (1 month ago)
Stop swallowing by the mic
xFlaRe (1 month ago)
Wealth Hacker - Jeff Rose this dude 😂
I’m hungry
Financierpro Media (1 month ago)
This some bullshit lol, noone knows if they will live that long.
Marz Play (1 month ago)
I am just 13, and my parent was just move to U.S so they don’t really trust any online stuff like Robinhood. But I am so desire to invest but I don’t know how. Can you give me some tips please? Thank you!
MGTOW LOGIC (1 month ago)
You can turn 450,000 into 500,000 in about 15 years lol
Lindsey Shaffer (2 months ago)
What happens if you purchase 4-5 stocks let it sit for 4 or 5 years and don’t add to it over the years will it still go up?..... because I do not have a stable income to invest 25 bucks a month I just don’t and it this video you mentioned the guy but 25 dollars in each month,... I don’t have that opertunity unfortunatlly
Ishaq Ali (2 months ago)
This is just straight up bullshit
DJ Harris (2 months ago)
so.... that makes you how old?
DJ Harris (2 months ago)
Do you trust a bank offered money market account? (Credit union .88% 2500 min.) was contemplating it today.
A little older than I used to be 😂👍
monkeymoe7777 (2 months ago)
what do you invest in a stock??
Fail Funny Fart (2 months ago)
Wow you show him you show me you have to be millioner man, oo wait you just need buy my course to be rich wow great, no wonder that americans so golable
Wow is right!
Jose A. Rodriguez (2 months ago)
Thanks for all your recomendations you are a great person. You speak from heart! Thanks
Jessica Catharine (2 months ago)
Ok. Wait. You advised a 16 year in the year of 1970 to put in $500?  You look like you were born in maybe 1975 or so. I gotta rewind this lol
Harsh Patel (2 months ago)
Compounding is way to slow of a process. It is better if a young person took risk and invested into the stock market.
Harsh Patel (2 months ago)
Is this video compounding money.
Make It (2 months ago)
And where do you go to invest? In the bank?
Fanthem Channel (2 months ago)
I'm perfectly of with doing this but the only problem is that I don't wanna be super old
So start now and invest more
Skersaroony (2 months ago)
Well he’s not a teenager anymore he’s 61 soooooo
fuser (2 months ago)
Yes Man (2 months ago)
i’m currently at a loss of $362,111.47
90 Veteran Studios (3 months ago)
shitty ass video.. you talking 45 years... but the title says 16 year old turns $500 into $500k ... gtfo
Don’t invest. It’s not worth it
Anthony G. (3 months ago)
The title is false : your showcasing a potential return not actually making the kid money in this timeline i.e taking the 500$ and doing it within a year or 6months and then you turn against the audience -then you hate on poser whiny rich millennials as a stereotype.
Anthony G. (3 months ago)
I get the tactics you're using by being inciting yet chill - there's better ways to gain #s but then again my visits don't help ya. I hope you find a better more honest path.
You’re welcome?
mikeb (3 months ago)
Invest but don’t buy from this guy
For sure
Uriel Wiliiams (3 months ago)
Jeff the title your video is very deceptive and I don’t know if you gave it some thought before posting or was it deliberate? Whichever way it sucks, as I (and I’m sure I speak for many others) was looking for something special.
I offer 100% money back guarantees. Where would you like your refund sent?
Daniel Lopez (3 months ago)
Don't waste your time watching this.
Ra's Eternal Wisdom (3 months ago)
I won’t
wildmexican12 (3 months ago)
This is a great concept and feel like I need to invest or start some small business not because im broke but because of the dream of not working for someone. The issue with this for me is im not 16 years old and don't have 45 years to wait for a investment to grow. Good information
Real Estate (3 months ago)
Hey, i have a business idea. im looking for 13/17 years old guys that want to make money with No money. ( Guys Only ) I want to make an empire helping and making money all togheter. it doesnt matter if you are 14 years old, you just need the right mindset it doesnt matter if you have 0 money you just need to be able to learn.
black owl (3 months ago)
Man.... BS yes you can flip that kind of money BUT the time frame and the kids age makes no f××king sense nothing adds up people put more than that in retirement investments cant get that close Idk what he talking about
I'm clueless 🤡
Amazethebum (3 months ago)
Buy and sell UGAZ & DGAZ
Elyas Omer (4 months ago)
i came here to watch your video but that ad before your vid was much better i dunno his name but his site is howmyadsworkd.com
Briley Sargent (4 months ago)
Wow I really want 500,000 dollars oooh
get you some
Richard Christian (4 months ago)
That kind of growth is only in penny stocks. And even then this is lucky. This video is complete BS! Though he did illustrate a good point. If your stocks go down, dont sell, wait longer and eventually they should return on the bull market. Better yet, wait for the market to hit the lowest point (keep your pre-existing stocks) and buy even more stocks. Then when they return to the high you'll have very profitable stocks
David Andrews (3 months ago)
@Richard. That kind of growth is slightly above average but not unrealistic. Any total US stock market or S&P 500 tracking index fund over the 10 year is at 11-12% and over the life of the fund around 7-9%. And these are passively managed low fee funds you can get into fairly easily and I'm sure there are actively managed funds out there that beat the index funds. Not to mention you can have these funds in a Traditional/Roth/401k tax advantage account where you will make even more money saving on taxes.
Richard Christian (4 months ago)
@Wealth Hacker - Jeff Rose Its not contradiction, its called fair evaluation. You made a good point but explained it poorly without mentioning many factors and implications involved. Also, if you make many points or observations and only one of them is good then the video really isnt good. Simple
"This video is complete BS! Though he did illustrate a good point. " Contradict yourself much?
Tyler Francis (4 months ago)
Not a very good strategy though, you won’t be able to retire on 500k. I would tell viewers to add more like 100 a month.
STUNTS (4 months ago)
Fuck this shit, I’ll most likely have died before my investment grows anywhere near $50,000
Stop smoking crack 🚬
Flo Ferns (4 months ago)
all the calculation for 16years but not all here going to be 16yars can you talk some things concrete for adults :)
lashmagosh B (4 months ago)
I'm totally confused like when did he teach this 16yr old? How long did it take to get from one amt to the other? The guy cant possibly be in his 60s right now! I'm just confused
birdsflying high (4 months ago)
What is the name of this type of investment account?
juntjoo nunya (4 months ago)
If you don't have either a smooth shaven face or real beard you have too much action on your face. It's like something is growing out of it. Lost the point of the vid staring at the action
I like Chia Pets because of this
TG (4 months ago)
Eric Willoughby (4 months ago)
taking the looooonnnngggg way
Eric Willoughby (4 months ago)
Are you suuuuurrre?
Pedro Yañez (4 months ago)
Nice!🔥 I am a investor and getting more than 5% of rent per month, everything thanks for this kind of advice's and knowledge 👌 I am always opened to show it to anyone or learn more
ian ramirez (4 months ago)
F u
Xoxo 😘
Qudra k (4 months ago)
you're just a waste of time
Qudra k (4 months ago)
Laurel Dingham dude I’m making 50,000 a month which is increasing. I find this blog ridiculous for the reasons I mentioned above.
Laurel Dingham (4 months ago)
@Qudra k lmao! you seem to be one insignificant spec with nothing to offer than your sadistic views. stop trolling and contribute more. Cheers!!
Qudra k (4 months ago)
Weally? I don’t like gambling. What you’re suggesting is gambling
just like your comment
tomas Martinek (4 months ago)
Now put +3% per year ... :D you will know you gef nearly 0 more worth then befor ..
Courtney Frazer (4 months ago)
Where is a good place to buy etfs? I've been looking at vanguard, but haven't been able to find if there's a minimum to start investing with them or if I need to contribute a monthly amount or if there are any fees associated with just having money in an account. I have found a place for cds, but I know etfs will be a good thing to have as well.
M1 Finance, Robinhood, E*trade
Raine_Flo (4 months ago)
Useless info... misleading title
completely useless
Nate Silverman (4 months ago)
Does it have to be a mutual fund? Can it be an index fund or an ETF? Mutual funds have all these fee's. If its a 7% yearly return mutual fund you could be left with 4% cause of every % fee taken out. What if I started with $500 and focused on saving and investing $50 a day into it? Or $100? Why stop at $1M and be in a position to earn $10M?
No it doesn’t but the example used was a mutual fund
Akaidan Tv (5 months ago)
I thought It was how to turn 500$ Into 520$ lol
Virgil Lee McClain (5 months ago)
How can this happen with an individual like me at 37? Is it possible?
toby o (5 months ago)
but he still 60 years old at the end
No kidding 😨
Shaikh Chanma (5 months ago)
Iam from india
Shaikh Chanma (5 months ago)
I wanted investment Alleast how much money We have to invest?plzz contact no
Fatimoh Jinadu (5 months ago)
Thanks once again for all ur great content. My Son will be 3years in 2months, and I hv been thinking of open account for him. Where can I set up this account u about? Is through bank or financial advisor?
Saikat Roy (5 months ago)
Bullshit #clickbait
thomas oliver (5 months ago)
i already know about compound interest i want to know about buying businesses and real estate
cool. what are you doing about it?
Mohamad Alif (5 months ago)
Okay now I know I'd just wasted my time
By leaving this comment, yes.
Ben Watson (5 months ago)
It's not a 500 dollar investment if you're adding 300 dollars a year. Not a bad video but the title is completely inaccurate.
It sure is
John Green (6 months ago)
I made 20% in two days
John Green (3 months ago)
@Wealth Hacker - Jeff Rose $200
Off of how much?
Brittaine Lyles (6 months ago)
I just feel click baited and for the people not 16years old we wont live that long to see that money lol
Teuira white (6 months ago)
Over 45 years tho....
Will You Endure (6 months ago)
This has been a great opportunity for me, I hope it can be for you [email protected]
Michael Andrews (6 months ago)
All i ever wanted was a good union skilled trade job and a secure pension from GM America not so good
I hear the Middle East has good employment opportunities. Ever consider moving?
Ramon Rodrighez (6 months ago)
I appreciate the info Jeff. For us new to investing, do you recommend apps like acorns or robinhood?
Yes, I think that is a great way to get started!👍
Michael Rodriguez (6 months ago)
Does anybody realize that $500 back in 1971 was probably worth a little bit more than if you were to invest $500 now
I think you were the first one ☝🏼
Antigua Paradise Island (6 months ago)
The fact is this better than a savings account, which your loosing money leaving it in savings
TIME ATTACK (6 months ago)
Lol this is fucking wack 61 years old who gives a shit u would have 0 youth and if u buy immortality that half a mil is gone. Rather work ur ads off on business deals and network with people
gohantaro (6 months ago)
Lol. 🐂💨💩
Jane Carris (6 months ago)
Instead of waiting extra 45 years u can simply start investing with Mr Seth he can give 10000$in 2weeks he did it for me I am only trying na refer people
Daniel Doe (6 months ago)
I would love to invest 1000$
Samuel Afaha (6 months ago)
This is amazing I just invested 1000$and I am already have extra 200 $ and it's only 17hours I invested..
Famous75 Gaming (6 months ago)
Bruhh 45 years that’s aids.
Thank goodness we’ll have plenty of 🦆
Waleed M (6 months ago)
🐮 💩
David E (6 months ago)
You forgot inflation. Plus most Mutual funds make like 4 percent now days. The process is good, but I think it is pretty un realistic.
David E (6 months ago)
@Wealth Hacker - Jeff Rose The problem is the date, 1970 was a hot spot for the stocks because so many educated people from Asia were moving which caused more companies to move, playing with the stocks. Appreciate the reply though. I am not saying your wrong that you can grow your money efficiently, but in my opinion that is a bit unrealistic.
Unrealistic yet I used real numbers from a real mutual fund 🤔
z (6 months ago)
Fed up with these bullshit videos Thousands of people on YouTube present themselves as saviours of the world and experts in finance while all the money they are making is from YouTube videos
Think your comment should read more like.... "I'm fed up with my current situation. I need to stop wasting time watching YouTube videos and do something about it instead of casting blame on others".
Mr Purple (6 months ago)
just buy a gun and rob a bank
B.S Knight (6 months ago)
The click-bait is strong with this one. You can't even not admit in your own video that you didn't lie: Your 500 turned to some 70K in 45 years.
And now your conscience is in peace 🐥
B.S Knight (6 months ago)
@Wealth Hacker - Jeff Rose Fantastic personal attack dear child. I reported this video as misleading title, of course I doubt google would do much.
You can’t even not admit you used not too many times in your own comment.
Roberto Fernandez (7 months ago)
I’m 15 and every time I try signing up for any type of stock investment, I’m not old enough to do it so how else can I get some money this type of way
Jackie S (6 months ago)
Under parents name
ashen archaic (7 months ago)
Am new and i really want to start investing but i have no idea where i to start bruv...would be happy if u can at least help
Help what?
Ashley Brown (7 months ago)
How did he teach a 16 year old who is now 60 or 61, and he doesn’t look like he’s 70
+Ashley Brown I have a Delorean
+Ashley Brown I have a Delorean
JCoda (7 months ago)
These videos are really interesting
Thanks for watching!
Grant Lacopo (7 months ago)
invest $100 to earn $450 with the mining stream which is working perfectly earn better. All I want is more client and i get my commission you get your profit invest in bitcoin it pays daily
Momo Momo (7 months ago)
Another batman trap? I dont like youtubers now, so clickbait to make people click their video, and after we watched the video, its really different with the title. What a trap..
I really hope you’ll be able to escape this devastating trap you’re in. I’m rooting for you 👍🏼
Willi Otto (7 months ago)
Paper trade doesn't work. How can you teach somebody to ride a bicycle sitting in a classroom? If you want to learn something do it, study and do it with the money you can afford to lose, learn from the mistake and do it again,i met vosk coin and with his mining device i make mind blowing profits,he is the best bitcoin miner for now reach him through Email:[email protected] com
Benson Toress (7 months ago)
To avoid making losses while mining, you need to get full understanding and knowledge it is not something you just gamble ,vosk coin strategy is very effective, Consistent and constructive. I am getting the best from it..Thanks
Silvia Martins (7 months ago)
I am really sure vosk coin videos would really change your perspective and give you the best profits in bitcoin mining
Amrit Singh (7 months ago)
Which mutual fund is this?
FULL (7 months ago)
I am investing in stocks since the age of 12.
Boom! 💥
JST LIFE (7 months ago)
I wanna be young rich and successful only live once
ihonestytruthful (7 months ago)
On the meantime people are having hard times gaining 1% a month
mjp152 (7 months ago)
12 minutes to explain compound interest - as long winded, click baity videos go, this one takes the prize.
mjp152 (7 months ago)
@Wealth Hacker - Jeff Rose Not my subscription, I'm afraid. You seem like a smart guy but titles like these just feel disingenuous to me. Thanks for replying.
What do I win??? 🤩
Alexander Galliano (7 months ago)
25 dollars a month with 29 dollars commission?
Anthony Rivera (7 months ago)
This takes way to much time in my opinion that's like investing for retirement in like 40 years that's good for a kid not for and adult that need money asap
GreenGateTV (7 months ago)
Somebody slap this guy!
Space Media (4 months ago)
@Wealth Hacker - Jeff Rose i will
You wanna do it?
Everything cool (7 months ago)
God this helps me😕
Turtle Trading (7 months ago)
Wtf is this shit?

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