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