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

10790 ratings | 703080 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 (985)
Roberto Fernandez (2 days 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
Leashed Thronelands (3 days 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 (10 days 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 (11 days 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 (11 days ago)
These videos are really interesting
Thanks for watching!
Grant Cardone (11 days ago)
invested in binary/forex and its going so well for me with the help of Mrs Ryan a very good and caring woman
Grant Lacopo (11 days 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 (13 days 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 (14 days 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 (12 days 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 (14 days ago)
I am really sure vosk coin videos would really change your perspective and give you the best profits in bitcoin mining
Amrit Singh (14 days ago)
Which mutual fund is this?
SIRAJ KHAN (15 days ago)
I am investing in stocks since the age of 12.
Boom! 💥
JST LIFE (17 days ago)
I wanna be young rich and successful only live once
ihonestytruthful (17 days ago)
On the meantime people are having hard times gaining 1% a month
mjp152 (18 days ago)
12 minutes to explain compound interest - as long winded, click baity videos go, this one takes the prize.
mjp152 (18 days 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 (18 days ago)
25 dollars a month with 29 dollars commission?
Anthony Rivera (19 days 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 (23 days ago)
Somebody slap this guy!
You wanna do it?
Everything cool (25 days ago)
God this helps me😕
Boris RC (26 days ago)
Wtf is this shit?
DankMemes (26 days 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 (29 days 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?
David Yee (30 days ago)
Lets join the clickbait clan 😂😂
Louis Kelechi (30 days ago)
what do I invest in?
Louis Kelechi (29 days ago)
Thnx so much... I would invest very soon in it
Louis Kelechi (30 days ago)
what's is the amount of dollar I could start with let say am looking at ETFs
Anis Meah (30 days ago)
Yaaa I don't have 45 years sorry
Anis Meah (30 days 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 (30 days 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 (1 month 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 (1 month ago)
In order for what this guy said to be true he would have to be in his late 80's
Sean Kandel (1 month ago)
yea I smell bullshit!!!
Alex G (1 month ago)
Austin Higgins (1 month 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 (16 days ago)
Austin Higgins You are still interested in trading?
Austin Higgins (16 days ago)
+Andy Peterson Yes
Andy Peterson (19 days ago)
Austin Higgins You are still there?
Austin Higgins (25 days ago)
Andy Peterson (27 days ago)
Austin Higgins Which country are you in currently?
LotzofGames (1 month ago)
Don’t forget to take out your taxes ladies and gentlemen.
william Merola (1 month ago)
Start today, many on line sites available. Check them out today, begin today!!! do it today or tomorrow so you can Enjoy your Future !!!
Adam V (1 month ago)
Thats great information, I would just be depressed being 61 and broken and finally have money. Haha
Susanna D (1 month 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 😳🤣🤦🏼‍♀️
william Merola (1 month ago)
Start online today & you may have a brighter future !!! just begin today !!!
Alex Delarge (1 month ago)
Mutual funds? Damn man. Why not recommend a simple index-based ETF like SPY coupled with protective puts and covered calls?
Rosa Gomez (1 month 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 (1 month ago)
If I only have 15-20 years left to invest how aggressive can I get, where do you suggest investing?
william Merola (1 month ago)
Online apps, like stash or stockpile may help!!! I
Channel Twenty One (1 month 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.
Aisha Khan (1 month ago)
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 (1 month 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 (1 month ago)
Do you learn this in your book? What app or company is the best to invest with would you say?
Lamar Walther (1 month ago)
So how old where you when you taught him this? Your definitely not 61.
Lamar Walther (1 month 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 (1 month ago)
where can I invest in stocks?
meteoro792 (1 month 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 (1 month 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 (1 month ago)
Lol - fiat markets going to crash hard. He’d be better off investing Long in crypto!!!
Crypto Chik (1 month 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 (1 month ago)
whait a sec now the 16 year old is 64
Matthew (1 month ago)
Wow now he can afford the most baller casket...
Rajendra Shimla (1 month ago)
this is huge..............................................................time.
Hammy (1 month 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 (1 month ago)
I'm totally not against lying, just please don't insult my intelligence while doing so
Copper Rabbit (2 months ago)
Watched a couple of videos now. U got a subscriber. It all makes sense. Love that
Andy Fam (2 months ago)
My weaner won't work by the time I'm rich
Sam E (2 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 (1 month ago)
Jeff Rose yeah thats what I thought
Sam E (1 month 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 (1 month 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 (1 month ago)
Jeff Rose You should make shitty shirts saying “disrespect minors” too
Sam E (1 month 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 (2 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 (2 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 (2 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 (2 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 (2 months ago)
Jeff Rose Sure. You’re one of the few that is honest enough.
Mac Penry (2 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 (2 months ago)
What did he invest in?
MG Tairu (2 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 (2 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 (2 months ago)
my son at 16 invested $500 in a GIC (Guaranteed Investment Certificate) at his bank. A year later, he earned $1.12.
Viking (2 months ago)
Nice theory....and worth doing but mutual funds cannot by design hedge against down turns so go to ETFs or other vehicles.
Nick Micheal (2 months ago)
I trade forex for a living to feed my children and family... and this man George Higgins makes a living off marketing trading. He pitches the idea and sells it pretty well. Huge difference between a trader and a marketer, he probably doesn’t mind losing since he has income coming in from trading he does.. to top it off he uses his trading strategy? His strategy are lagging, but they make your chart look complicated, so when things look complicated, it makes it seems as if you need mentor to simplify it.. best way to trade is by having a naked chart, and purely use price action. Develop objective setups where you need numerous confirms before entering. Journal your trades and annotate them so your brain can get familiar with charts patterns. More to it, but good luck to those interested! Contact George Higgins for his best trading strategy to help you out georgehiggins @consultant. com
Top Apps (2 months ago)
When fake yt millionrs promote yourself hahahaha
Peter Johnson Ng (2 months ago)
returns = gains or losses
Peter Johnson Ng (2 months ago)
magic just add three zeros and i am so lazy
RandomMatrix (2 months ago)
I’m 16 and have 3 jobs, have 700$ 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 😕
Fire & Drugs (2 months ago)
What did he invest on?
LatinoPho (2 months ago)
Valid points , it’s better to do something compared to nothing, that’s the hidden message within the examples.
WonderfulCreation (2 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 (2 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 Braxton (2 months ago)
I'm 47 so it's too late for me...
Dylan Russell (2 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 (2 months ago)
Jeff Rose about $130 so far
Bruno Richie (2 months ago)
good morning jeff rose. thank you wonder full work. i have a problem i do know are to go about it, i want you to i vice me are to answer this question. i have a friend that i tell about betterment. is ask me are long it will take in, to see money that he want to use to house if he invest 500euro. pls rely me rely?
Joseph Falcon (2 months ago)
Ok but how did that boy start investing at SIXTEEN. I'm SIXTEEN and I barely have money, I'm trying to find hussles to get money, are you SURE that this is possible at SIXTEEN???
Adrian Torres (2 months ago)
Inflations, 500$ is worth your 60,000.
Alex (2 months ago)
What's with all the negative comments? The video title should be, how regular people respond when they're told how to be wealthy... No that's not true!! Inflation omg inflation, your not taking inflation into consideration!!! You found this channel for a reason so start investing!!
Sean M (2 months ago)
Think it's funny how many people say that it isn't worth waiting until you're 65 to make that much. There's a thing called reinvesting... It'll get you the money you want much sooner. Those are the people that end up broke their entire lives.
Waren Robot (2 months ago)
Can someone subscribed to my channel? As of now I dont have any subscriber😂
Crazywaffle5150 (2 months ago)
I make more money. Flipping shit on ebay per year. Waaay more money. Just start a savings and have a side hustle. Way more money than risking it in stocks. Do this so I can have a few extra bucks when I'm 60 and about to die? Also inflation fucks you over lol. Not to mention taxes.
LegendaryVegeta (2 months ago)
no just get a fucking job and earn $5000 at mcdonalds
DF Rellom (2 months ago)
But wouldn’t inflation cancel some of the real value at the end of that period as well?
Big Fella (3 months ago)
Jeff, if you want people to trust and invest with you, you should start by using honest numbers instead of hype and enthusiasm
Big Fella (3 months ago)
You're right, this was a waste of my time
Big Fella (3 months ago)
No Jeff, these are not real numbers, for reasons mentioned below. To start, you are not turning $500 into $500k. You are turning $500 plus 540 payments of $25 into 500k. I'm glad you're encouraging people generally to invest, but you are hurting your own cred when you pull the bate and switch with a click bait title that is clearly false.
ChrisJohn (3 months ago)
Literally should have titled this, "I taught a 16 yr old what compounding and mutual funds are" and saved us all the the time.
Griffin Brumley (3 months ago)
Great video, keep it up! More like these please. And Jeff Rose, i am glad some commenters below debated your figures, of they said you forgot to mention Purchasing power 1970 vs today. Maybe add in inflation and purchasing power as a new video topic or into your videos!
SANNIDHYA JUYAL (3 months ago)
I also wanna start investing
SANNIDHYA JUYAL (3 months ago)
Whats the best stock to invest into
Sanjay Devit (3 months ago)
Mutual funds are crap read a couple of books and you know this is slightly better then a normal bank account. and what's the rate of inflation?
John Bernardo (3 months ago)
i thought you had to be over 18 or something to invest, i was so bummed out when i found out, oh well, ill be 18 in three years
John Bernardo (3 months ago)
Jeff Rose anyway how i convince them? my parents are kinda foreign and i dont think they will understand this
Anthony Janiola (3 months ago)
Hello, I'm a 16 year old Filipino, I am interested about investing and I would like to ask what to do in order to gain money every month while investing because I always wanted to be independent and responsible. Can you help me please?
junior 0512 (3 months ago)
Which one do I pick on the dicrption
1HonestGuero3 (3 months ago)
That was 45+ years ago, and he thought a 16 year old(a son of his client) to invest... How old is this guy?
Starr Status (3 months ago)
I'm not sure where the information is in this particular video because I sure didn't see it. I'm supposing maybe you ran out of content or something and maybe you needed to just post something. Like I can't believe I watched the whole thing and didn't get any new information other than what you have already informed us to be doing as far aas investing goes. We get that from the many other actually informative videos you have given us. You could have left this on out sir. I can't speak for everyone but I feel we probably all expected more from you sir. Respectfully. I'll wait for the next one.
Starr Status (3 months ago)
Jeff Rose you'll be ok. You knew it was bad too I'm sure. So when's your next informative video coming? I support your content and do learn things. Keep calm sir.
Tim B. (3 months ago)
worthless video..
Pablo Brown (3 months ago)
Most people do what this person just did, it isn't some adnormal thing and the average person doesn't know. What was his investment portfolio ?
Nick FX - Junkie (3 months ago)
You owe me 12 minutes and 14 seconds of my life back! 👎🏼
Niels Verrydt (3 months ago)
R.I.P. headphone users haha this voice is hilarious
LaserCracker (3 months ago)
What should i invest in?
Levord1980 (3 months ago)
Listen up people.... Don’t FUCKING STUPID! Here’s the reality of this “Marketing scheme....!” You invest early, right? To retire with a greater lump sum due to compound interest. Here’s the “stab in the dick” sorta speak.... WHO THE FUCK WANTS TO ENJOY RETIREMENT MONEY THIS WAY?! NO ONE, that’s who. Check it. You want to retire “AS EARLY AS HUMANLY POSSIBLE” Which all depends on you and your ability to go out there with some ambition to become a millionaire by making smart investments that YOU control. Not the fucking stock market because you never know if that well will ever run dry by the time you’re 60 when you’re old as fuck and you can’t get your dick up or your Vajay-jay is all dried up. NO! It’s a scheme for the elite to thank you for allowing them to enjoy your contribution while they can still get it up. Old people in Lamborghini’s always made me laugh because I always think... how long did it take to finally get their dream machine? Fucking hilarious! Here’s what you do. 1. Come up with an IDEA 💡 2. Make a business out of that idea. 3. Get a marketing team to sell your idea. 4. Make the money NOW from the profits of that idea while you’re still young enough to enjoy the fucking fruits of your labors. It sound easier said than done because it is. YOU GOTTA FUCKING WORK HARDER THAN THE AVERAGE PERSON TO LIVE ABOVE AVERAGE. There’s NO SECRET FORMULA OTHER THAN YOU INVESTING IN YOURSELF! Fuck, after you’ve made a couple million, then put a lump some into that compound interest bullshit to entertain yourself to see what it does, an amount you’re comfortable with losing if the stock market goes belly up, that way.... If it grows? Good, if not? Fine. You’re already established by betting on yourself and having assets of your own instead of someone else’s that you’re hoping you hit it big on... Moral of this shit is... Don’t let someone on YouTube or anyone else try convince you this is the way to be rich or build wealth. It’s a game of chance so why not take that chance on yourself?
Young Ali (3 months ago)
Im 25 Im a year late but thanks
John Smith (3 months ago)
If you look around you can find some mutual funds that don't charge large fees, are hard to find but they are there and have greater returns than average.

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