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

Good Financial Cents TV

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.

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.