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:
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Micro-Investing Platform:
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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
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My most favorite inspiration T-shirt line, Compete Every Day:
👕 https://www.goodfinancialcents.com/compete
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![How to “Get Rich Carefully” with Stocks [Long term stock market investing]](https://img.youtube.com/vi/NHZtY7wVNUE/0.jpg "How to “Get Rich Carefully” with Stocks [Long term stock market investing]")
I thought It was how to turn 500$ Into 520$ lol
The fact is this better than a savings account, which your loosing money leaving it in savings
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
I wanted investment
Alleast how much money
We have to invest?plzz contact no
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
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
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
Fuck this shit, I’ll most likely have died before my investment grows anywhere near $50,000
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.
Bruhh 45 years that’s aids.
All i ever wanted was a good union skilled trade job and a secure pension from GM America not so good
Wow I really want 500,000 dollars oooh
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
Useless info… misleading title
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?
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.
What is the name of this type of investment account?
i already know about compound interest i want to know about buying businesses and real estate
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.
Okay now I know I’d just wasted my time
How can this happen with an individual like me at 37? Is it possible?
I appreciate the info Jeff. For us new to investing, do you recommend apps like acorns or robinhood?
Bullshit #clickbait
Bullshit
you’re just a waste of time
Over 45 years tho….
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
This has been a great opportunity for me, I hope it can be for you also…@t
Investing into precious medals like gold & silver is great as well
but he still 60 years old at the end
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
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
F u
I just feel click baited and for the people not 16years old we wont live that long to see that money lol
Buy and sell UGAZ & DGAZ
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
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.
I made 20% in two days
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
Does anybody realize that $500 back in 1971 was probably worth a little bit more than if you were to invest $500 now
Now put +3% per year … 😀 you will know you gef nearly 0 more worth then befor ..
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.
just buy a gun and rob a bank
all the calculation for 16years but not all here going to be 16yars can you talk some things concrete for adults 🙂
LoL
Iam from india
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?
taking the looooonnnngggg way