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

11777 ratings | 767523 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 (1108)
Yes Man (16 hours ago)
i’m currently at a loss of $362,111.47
90 Veteran Studios (4 days ago)
shitty ass video.. you talking 45 years... but the title says 16 year old turns $500 into $500k ... gtfo
Don’t invest. It’s not worth it
Anthony G. (4 days ago)
The title is false : your showcasing a potential return not actually making the kid money in this timeline i.e taking the 500$ 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.
You’re welcome?
mikeb (4 days ago)
Invest but don’t buy from this guy
For sure
Uriel Wiliiams (6 days 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 (12 days ago)
Don't waste your time watching this.
Ra's Eternal Wisdom (12 days ago)
I won’t
wildmexican12 (17 days 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 State (21 days 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 (27 days 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 (1 month ago)
Buy and sell UGAZ & DGAZ
Elyas Omer (1 month 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 (1 month ago)
Wow I really want 500,000 dollars oooh
get you some
Richard Christian (1 month 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 (7 days 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 (1 month 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?
SumNerdPlays (1 month 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 (1 month ago)
Fuck this shit, I’ll most likely have died before my investment grows anywhere near $50,000
Stop smoking crack 🚬
Flo Ferns (1 month ago)
all the calculation for 16years but not all here going to be 16yars can you talk some things concrete for adults :)
lashmagosh B (1 month 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 (1 month ago)
What is the name of this type of investment account?
juntjoo nunya (1 month 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 (1 month ago)
Eric Willoughby (1 month ago)
taking the looooonnnngggg way
Eric Willoughby (1 month ago)
Are you suuuuurrre?
Pedro Yañez (1 month 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 (1 month ago)
F u
Xoxo 😘
Qudra k (1 month ago)
you're just a waste of time
Qudra k (1 month 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 (1 month 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 (1 month ago)
Weally? I don’t like gambling. What you’re suggesting is gambling
just like your comment
tomas Martinek (1 month ago)
Now put +3% per year ... :D you will know you gef nearly 0 more worth then befor ..
Courtney Frazer (2 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 (2 months ago)
Useless info... misleading title
completely useless
Nate Silverman (2 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 $10M?
No it doesn’t but the example used was a mutual fund
Akaidan Tv (2 months ago)
I thought It was how to turn 500$ Into 520$ lol
Virgil Lee McClain (2 months ago)
How can this happen with an individual like me at 37? Is it possible?
toby o (2 months ago)
but he still 60 years old at the end
No kidding 😨
Shaikh Chanma (2 months ago)
Iam from india
Shaikh Chanma (2 months ago)
I wanted investment Alleast how much money We have to invest?plzz contact no
Fatimoh Jinadu (2 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?
Sherlock Holmes (2 months ago)
Investing into precious medals like gold & silver is great as well
Saikat Roy (2 months ago)
Bullshit #clickbait
thomas oliver (2 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 (2 months ago)
Okay now I know I'd just wasted my time
By leaving this comment, yes.
Ben Watson (3 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 (3 months ago)
I made 20% in two days
John Green (21 days ago)
+Wealth Hacker - Jeff Rose $200
Off of how much?
Brittaine Lyles (3 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 (3 months ago)
Over 45 years tho....
Rick Enfinger (3 months ago)
This has been a great opportunity for me, I hope it can be for you [email protected]
Michael Andrews (3 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 (3 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 (3 months ago)
Does anybody realize that $500 back in 1971 was probably worth a little bit more than if you were to invest $500 now
I think you were the first one ☝🏼
Michell Joseph (3 months ago)
The fact is this better than a savings account, which your loosing money leaving it in savings
TIME ATTACK (3 months ago)
Lol this is fucking wack 61 years old who gives a shit u would have 0 youth and if u buy immortality that half a mil is gone. Rather work ur ads off on business deals and network with people
gohantaro (3 months ago)
Lol. 🐂💨💩
Jane Carris (3 months ago)
Instead of waiting extra 45 years u can simply start investing with Mr Seth he can give 10000$in 2weeks he did it for me I am only trying na refer people
Daniel Doe (3 months ago)
I would love to invest 1000$
jerry blige (3 months ago)
This is amazing I just invested 1000$and I am already have extra 200 $ and it's only 17hours I invested..
Famous75 (3 months ago)
Bruhh 45 years that’s aids.
Thank goodness we’ll have plenty of 🦆
Waleed M (3 months ago)
🐮 💩
David E (3 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 (3 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 (4 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 (4 months ago)
just buy a gun and rob a bank
B.S Knight (4 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 (4 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 (4 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 (3 months ago)
Under parents name
ashen archaic (4 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 (4 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 (4 months ago)
These videos are really interesting
Thanks for watching!
Grant Lacopo (4 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 (4 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 (4 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 (4 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 (4 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 (4 months ago)
Which mutual fund is this?
FULL FULL (4 months ago)
I am investing in stocks since the age of 12.
Boom! 💥
JST LIFE (4 months ago)
I wanna be young rich and successful only live once
ihonestytruthful (4 months ago)
On the meantime people are having hard times gaining 1% a month
mjp152 (4 months ago)
12 minutes to explain compound interest - as long winded, click baity videos go, this one takes the prize.
mjp152 (4 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 (4 months ago)
25 dollars a month with 29 dollars commission?
Anthony Rivera (4 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 (4 months ago)
Somebody slap this guy!
Stance Media (2 months ago)
+Wealth Hacker - Jeff Rose i will
You wanna do it?
Everything cool (4 months ago)
God this helps me😕
Wtf is this shit?
Cezary Dubaj (4 months ago)
Every time Jeff says 500$ he actually means 55.000$. also the 16-year-old he advised to invest is now apparently 60 years old while Jeff is in his 30s... Ill definitely follow this guys advice!!
ALIN GEBESCU (5 months ago)
Hey everyone. Question: What is the main roadblock which a 9 to 5 leaver runs into.. when trying to start a side hustle business which would eventually help him to get rid of that dead end job? Can it be, the lack of money, lack of skills, lack of right proven systems, mentors..what could it be?
StickyRiceBall (5 months ago)
Lets join the clickbait clan 😂😂
Louis Kelechi (5 months ago)
what do I invest in?
Louis Kelechi (5 months ago)
Thnx so much... I would invest very soon in it
Louis Kelechi (5 months ago)
what's is the amount of dollar I could start with let say am looking at ETFs
Anis Meah (5 months ago)
Yaaa I don't have 45 years sorry
Anis Meah (5 months ago)
+Wealth Hacker - Jeff Rose During this summer I studied day trading, for me this seems fitting. I'm not a person that wants to invest money and expect to make hundred of thousands of dollars over a period of at least 40 years.
Angel (5 months ago)
have to wait a life time to have good money ridiculous. who needs that money after you get old, For what? to leave it to someone else to enjoy? stupid video
RISINO (5 months ago)
Im also a 16 year old teen wanting to invest but i don't even know how to ang where to invest. Can you help me?
Donald Busby (5 months ago)
In order for what this guy said to be true he would have to be in his late 80's
Sean Kandel (5 months ago)
yea I smell bullshit!!!
Alex G (5 months ago)
Austin Higgins (5 months ago)
I dont know a thing about investing, I looked at betterment and didnt understand a lot of what it was saying... what would you sugest a 21 year old student do to start? (Someone who knows nothing)
Andy Peterson (4 months ago)
Austin Higgins You are still interested in trading?
Austin Higgins (4 months ago)
+Andy Peterson Yes
Andy Peterson (4 months ago)
Austin Higgins You are still there?
Austin Higgins (4 months ago)
Andy Peterson (4 months ago)
Austin Higgins Which country are you in currently?
LotzofGames (5 months ago)
Don’t forget to take out your taxes ladies and gentlemen.
Adam V (5 months ago)
Thats great information, I would just be depressed being 61 and broken and finally have money. Haha
Susanna D (5 months ago)
Loved this video but 😢 I’m tuning 40 next yr I’m trying to turn my financials around any help for me I’ve started acorns but I like what you’ve shown in this video I’m in Australia so I don’t know where to start with investing but would love to start before it’s too late if it isn’t already 😳🤣🤦🏼‍♀️
Alex Delarge (5 months ago)
Mutual funds? Damn man. Why not recommend a simple index-based ETF like SPY coupled with protective puts and covered calls?
Rosa Gomez (5 months ago)
Hi I’m investing my Roth IRA with Stash app in EFT500 do you think I should do a ROTH IRA into mutual funds
Miriam Abrams (5 months ago)
If I only have 15-20 years left to invest how aggressive can I get, where do you suggest investing?
Channel Twenty One (5 months ago)
a) cannot open an investment account at age 16 b )tracking an initial investment of $500 in 1970 is not the same as $500 in 2017 for multiple reasons: -Equity prices were dirt cheap for a long stretch of time from the Great Depression until the late 70s since many people were afraid of the market. Also consider the beginning of the 70s were marked by a bear market and you are measuring the bottoming out of the stock market in the 70s and comparing it with the peak of a bull market. At the end of the day, you can't time the market, and preceding returns may not reflect future outcomes. You cannot predict when a bull and bear market will happen and for how long it occured. This should just be treated as hypothetical WHAT IF/ What happened if you would have invested $500 at age - 31 years old. I get that you want to explain the power of compounding interest, but as a financial advisor you can't propose future returns for a client with past data. Returns on mutual funds fluctuate each year, and It's best to use something like fixed rates or the overall S&P 500 returns for a better analysis.
I invested $1200 and now my equity is only $440 I don't know what should I do know 😢 I really need this money for my wedding I am in lost
GambLORD (5 months ago)
Jeff what kind of investing did he do? I watched the video but I couldn’t find where you said how he invested it. Was it through an app or a company?
GambLORD (5 months ago)
Do you learn this in your book? What app or company is the best to invest with would you say?
Lamar Walther (5 months ago)
So how old where you when you taught him this? Your definitely not 61.
Lamar Walther (5 months ago)
+Wealth Hacker - Jeff Rose technally I didn't considering how you worded everything from begging to end. Your talking about the part in 9:40ish I believe in what you think I missed. Which doesn't excuse the first bit of the video.
DansProductions (5 months ago)
where can I invest in stocks?
meteoro792 (5 months ago)
Great video! You have a new fan in me, I will try to catch up and see what I can do at 25 with my money. Just one question, is there any resource online for me to use where I could check the performance of several mutual funds?
In2 Madness (5 months ago)
Soooooo, Not 500, but rather 500+25 a month. Title is a pull in. 500 to 70k is good, but 70 years? That's not financial freedom entirley
Crypto Chik (5 months ago)
Lol - fiat markets going to crash hard. He’d be better off investing Long in crypto!!!
Crypto Chik (5 months ago)
Yes and will continue to be volatile making traders huge profits. Major difference is Crypto is in a growth trajectory and has a global network effect!!!!
Jatin Kaku (6 months ago)
whait a sec now the 16 year old is 64
Matthew (6 months ago)
Wow now he can afford the most baller casket...

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