Ep. 078 - This 16 Year-Old Has $5,000 to Invest - My Advice

What were you doing when you were 16 years old?

 

I don’t know about you but I was hanging out with my friends and working a part time job. That was about it.

 

What I didn’t have was $5,000 to do whatever I wanted with, and  I certainly didn’t have the mindset to think about investing.

 

I do have a friend that has a 16 year old that wants to invest $5,000 and he reached out for advice.  Listen in as I share in detail the advice I gave my friend and his son.

 

Check out the YouTube video here.

Some resources from my blog, GoodFinancialCents.com:

• How to Buy Stocks for Kids
• Best Places to Open Roth IRA
• How to Invest $100