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

11382 ratings | 742045 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 (1028)
Akaidan Tv (3 days ago)
I thought It was how to turn 500$ Into 520$ lol
😂😂
Virgil Lee McClain (7 days ago)
How can this happen with an individual like me at 37? Is it possible?
Yes
toby o (13 days ago)
but he still 60 years old at the end
No kidding 😨
Shaikh Bilal (14 days ago)
Iam from india
Shaikh Bilal (14 days ago)
I wanted investment Alleast how much money We have to invest?plzz contact no
Fatimoh Jinadu (15 days 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 (17 days ago)
Investing into precious medals like gold & silver is great as well
👍😀
Saikat Roy (20 days ago)
Bullshit #clickbait
🐮💩
thomas oliver (20 days 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 (25 days ago)
Okay now I know I'd just wasted my time
By leaving this comment, yes.
Ben Watson (28 days 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 (1 month ago)
I made 20% in two days
Off of how much?
Brittaine Lyles (1 month 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 (1 month ago)
Over 45 years tho....
🤔
Rick Enfinger (1 month ago)
This has been a great opportunity for me, I hope it can be for you [email protected]
🤔😀
Michael Andrews (1 month 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 (1 month 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 (1 month ago)
Does anybody realize that $500 back in 1971 was probably worth a little bit more than if you were to invest $500 now
I think you were the first one ☝🏼
Michell Joseph (1 month ago)
The fact is this better than a savings account, which your loosing money leaving it in savings
TIME ATTACK (1 month ago)
Lol this is fucking wack 61 years old who gives a shit u would have 0 youth and if u buy immortality that half a mil is gone. Rather work ur ads off on business deals and network with people
gohantaro (1 month ago)
Lol. 🐂💨💩
🙊🙉
Jane Carris (1 month ago)
Instead of waiting extra 45 years u can simply start investing with Mr Seth he can give 10000$in 2weeks he did it for me I am only trying na refer people
🤔
🤡
Daniel Doe (1 month ago)
I would love to invest 1000$
jerry blige (1 month ago)
This is amazing I just invested 1000$and I am already have extra 200 $ and it's only 17hours I invested..
Famous75 (1 month ago)
Bruhh 45 years that’s aids.
Thank goodness we’ll have plenty of 🦆
Waleed M (1 month ago)
Bullshit
🐮 💩
David E (1 month 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 (1 month 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 (1 month 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 (1 month ago)
just buy a gun and rob a bank
🤐🤐
B.S Knight (1 month 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 (1 month 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 (2 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 (1 month ago)
Under parents name
Leashed Thronelands (2 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 (2 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
Kimberly Powell (2 months ago)
I can only give thanks to my friend that introduce me to Jack Luxil, he show me the important of the upfront payment I paid him and deliver me within 30 minutes. You can write on him on whatsapp: +15184181815
🤔
JCoda (2 months ago)
These videos are really interesting
Thanks for watching!
Grant Lacopo (2 months ago)
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Momo Momo (2 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 (2 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 (2 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 (2 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 (2 months ago)
Which mutual fund is this?
SIRAJ KHAN (2 months ago)
I am investing in stocks since the age of 12.
Boom! 💥
JST LIFE (2 months ago)
I wanna be young rich and successful only live once
😂😂
ihonestytruthful (2 months ago)
On the meantime people are having hard times gaining 1% a month
mjp152 (2 months ago)
12 minutes to explain compound interest - as long winded, click baity videos go, this one takes the prize.
mjp152 (2 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 (2 months ago)
25 dollars a month with 29 dollars commission?
😐
Anthony Rivera (2 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 (2 months ago)
Somebody slap this guy!
You wanna do it?
Everything cool (2 months ago)
God this helps me😕
Wtf is this shit?
DankMemes (2 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 (2 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 (2 months ago)
Lets join the clickbait clan 😂😂
Louis Kelechi (2 months ago)
what do I invest in?
Louis Kelechi (2 months ago)
Thnx so much... I would invest very soon in it
Louis Kelechi (2 months ago)
what's is the amount of dollar I could start with let say am looking at ETFs
Anis Meah (2 months ago)
Yaaa I don't have 45 years sorry
Anis Meah (2 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 (2 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 (3 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 (3 months ago)
In order for what this guy said to be true he would have to be in his late 80's
Sean Kandel (3 months ago)
yea I smell bullshit!!!
Alex G (3 months ago)
Ffs
Austin Higgins (3 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 (2 months ago)
Austin Higgins You are still interested in trading?
Austin Higgins (2 months ago)
+Andy Peterson Yes
Andy Peterson (2 months ago)
Austin Higgins You are still there?
Austin Higgins (2 months ago)
Canada
Andy Peterson (2 months ago)
Austin Higgins Which country are you in currently?
LotzofGames (3 months ago)
Don’t forget to take out your taxes ladies and gentlemen.
Adam V (3 months ago)
Thats great information, I would just be depressed being 61 and broken and finally have money. Haha
Susanna D (3 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 (3 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 (3 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 (3 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 (3 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 (3 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 (3 months ago)
Do you learn this in your book? What app or company is the best to invest with would you say?
Lamar Walther (3 months ago)
So how old where you when you taught him this? Your definitely not 61.
Lamar Walther (3 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 (3 months ago)
where can I invest in stocks?
meteoro792 (3 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 (3 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 (3 months ago)
Lol - fiat markets going to crash hard. He’d be better off investing Long in crypto!!!
Crypto Chik (3 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 (3 months ago)
whait a sec now the 16 year old is 64
Matthew (3 months ago)
Wow now he can afford the most baller casket...
Rajendra Shimla (3 months ago)
this is huge..............................................................time.
Hammy (3 months ago)
so the kid started 50 years ago when he was 16 wish makes him now about 66, so apparently you must have been at least 6-8 years older than him for him to demand mentorship from you, so what you're basically saying is that you are a 74-year-old man... alright buddy when are you going to try and sell me your course/book?
Hammy (3 months ago)
I'm totally not against lying, just please don't insult my intelligence while doing so
Copper Rabbit (4 months ago)
Watched a couple of videos now. U got a subscriber. It all makes sense. Love that
Andy Fam (4 months ago)
My weaner won't work by the time I'm rich
Sam E (4 months ago)
“How to theoretically make money” isn’t very good advice. I can say “oh start a business, you can turn £1000 into £500,00” but in reality we need the hard facts not theoretical bullshit
Sam E (3 months ago)
Jeff Rose yeah thats what I thought
Sam E (3 months ago)
Jeff Rose The first 15 comments are people criticising your video. Maybe you spouting bullshit online doesn’t actually help anything? Literally no one likes this video delete your channel
Sam E (3 months ago)
Jeff Rose HoW tO tUrN $500 iNtO $520,367 uSinG oNlY 1 sImPlE tRiCk- AdDinG mOrE oF yOur OwN mOneY. Man can’t even title a video
Sam E (3 months ago)
Jeff Rose You should make shitty shirts saying “disrespect minors” too
Sam E (3 months ago)
Jeff Rose I already have a custodial account. It opens when I’m 18. You really fucking pressuring a 16 year old to spend his money on things he’s only just started researching and hurling the word “EXCUSES” around because you’re some sort of wannabe life coach. Loser
Theee Legend (4 months ago)
How did you show him if he was 16 and now he’s 81. You’re d be like 101 years old. Clickbait lol
Upcycle Creations (4 months ago)
you didn't show that particular person anything you went look at the data and are using the data to let us know what we can do.. you mentiom at the beginning of the video that you weren't even born when this happened so please..
taoist40 (4 months ago)
This 16 year old could have made even more money and faster by building his business. It takes a long while to make good money investing, but building a real business would increase his net worth faster. Just like all the other self help gurus that tell you how to become a millionaire through investing, what they don’t tell you is that they got rich selling books, courses, seminars, workshops, videos, blogs, interviews, etc. put the money to good use rather than sitting in slow investment vehicles. Think Bill Gates or Jeff Bezos. You think they became the world’s richest men by investing? No. Warren Buffet is the exception to the rule. He is the only investor in the world’s richest people list.
taoist40 (4 months ago)
Jeff Rose Yes, of course. They still had to build the business big enough to become a public company with shares and stockholders.
taoist40 (4 months ago)
Jeff Rose Sure. You’re one of the few that is honest enough.
Mac Penry (4 months ago)
He says jn the video he wasnt alive in 1970 guys, it wasnt him that taught this guy hes reading an article with that title..
Always a fan of your content Jeff. Not sure if it's wise forging into the market this year, but I can definitely vouch for the wisdom in starting out young
Game (4 months ago)
What did he invest in?
MG Tairu (4 months ago)
the more i learn about investing the more i see how corrupt & crooked this fucking country is. I FUCKING HATE THIS FINANCIAL SYSTEM!!
R Key (4 months ago)
Why you bitching at the end shaming people. And using 70s plans use 2000s plans and then it more tangible to believe This is from A 50 year old
Chris (4 months ago)
my son at 16 invested $500 in a GIC (Guaranteed Investment Certificate) at his bank. A year later, he earned $1.12.
Viking (4 months ago)
Nice theory....and worth doing but mutual funds cannot by design hedge against down turns so go to ETFs or other vehicles.
Nick Micheal (4 months ago)
I trade forex for a living to feed my children and family... and this man George Higgins makes a living off marketing trading. He pitches the idea and sells it pretty well. Huge difference between a trader and a marketer, he probably doesn’t mind losing since he has income coming in from trading he does.. to top it off he uses his trading strategy? His strategy are lagging, but they make your chart look complicated, so when things look complicated, it makes it seems as if you need mentor to simplify it.. best way to trade is by having a naked chart, and purely use price action. Develop objective setups where you need numerous confirms before entering. Journal your trades and annotate them so your brain can get familiar with charts patterns. More to it, but good luck to those interested! Contact George Higgins for his best trading strategy to help you out georgehiggins @consultant. com
Peter Johnson Ng (4 months ago)
returns = gains or losses
Peter Johnson Ng (4 months ago)
magic just add three zeros and i am so lazy
RandomMatrix (4 months ago)
I’m 16 and have 3 jobs, have 700$ so far and I really wanna invest , Ive heard that it’s better the earlier you start, I really wanna know more about investing but have no idea where or how to start, or if I’m even to early being 16 😕
What did he invest on?
LatinoPho (4 months ago)
Valid points , it’s better to do something compared to nothing, that’s the hidden message within the examples.
WonderfulCreation (4 months ago)
Invest $500 and cash out after 60+years old lol...sounds not good. BETTER IDEA: Try building a business of ur own. Invest $500 in it and see it grows within few years. The catch is that u need to work little bit. Dude, mutual funds are for lazy ass.... Work for money so that money will work for u. Good Luck pals
WonderfulCreation (4 months ago)
Sounds good. But take him to a mentor who will develop his business/marketing skills and invest in himself. SKILLS like: copywriting,closing. Anyway thanks for your comment. Much appreciated. ;)
Antione (4 months ago)
I'm 47 so it's too late for me...
Dylan Russell (4 months ago)
What investment is this ? I would like to start I’ve started investing on Stash and I’m not making a whole lot of money
Dylan Russell (4 months ago)
Jeff Rose about $130 so far
Bruno Richie (4 months ago)
good morning jeff rose. thank you wonder full work. i have a problem i do know are to go about it, i want you to i vice me are to answer this question. i have a friend that i tell about betterment. is ask me are long it will take in, to see money that he want to use to house if he invest 500euro. pls rely me rely?
Joseph Falcon (4 months ago)
Ok but how did that boy start investing at SIXTEEN. I'm SIXTEEN and I barely have money, I'm trying to find hussles to get money, are you SURE that this is possible at SIXTEEN???
Adrian Torres (4 months ago)
Inflations, 500$ is worth your 60,000.

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