How To Invest As A Teenager

The best example of a teen that started investing early and became very successful, is a man who started out delivering paper, selling gambling books, having game machines in barbershops and other side businesses to earn himself a net worth of 122,813.45 by age 19 . That’s how much a 45 years old is worth on average.

So in this video, I’ll teach you how to put your money to work for you, the goal is simple, to use the money you currently have and to multiply into a lot more in the future.

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1. OBVIOUSLY THE FIRST THING BEFORE WE GET STARTED

-You need a source of income

-You need to be done with the teen wealth steps



First: Source income

-Erase the idea of your parents the little money they give you

-Erase the idea of little jobs that pay you $100 bucks a week

-It's possible to make $500 a week and even more as a teen (watch my video 10 ideas to make money as a teen)



Second: wealth steps

-The money you invest only makes money by you letting it grow

-So, before you start planting these seeds you should handle other important things to build wealth

-I made a video on that also (so the video you're watching right now is actually the third on this series of money for teens, maybe I’ll combine all three and make 1 video)



2. How to Invest, where to investment and what to invest into



How to Invest:

-You’ll be using a custodial account as a teen, meaning they manage the investments indie the account (you're technically the owner)

-Warning, if you have a parent that can't be trusted remember that under the law this account is your and thye can only manage it for your benefit

-So them taking money to help themselves and not you, is literally illegal



Where should I be investing my Money

-I wouldn’t use any of the fancy apps you’ve probably seen

-Because most of the time they cost money and every dollar you spend on fees is a lot of money in the future you could have had for investments

-So use the standard Charles Schwab, Fidelity, TD Ameritrade or even vanguard

What Should you invest your Money into

-First you get a custodial Roth Ira, it’s a retirement account that allows you to invest your money after you pay taxes and you can take out what you put in whenever you want without any fees (but just don’t take out the profits)

-The max investment is $6000 a year

-So, if you can max that out, you can invest the rest of the money into 529 account for education or a normal brokerage account

3. Types of Investments to Pick

-I know most people want to buy Nike, apple and tesla stock
-But the odds of those companies being around in the next 50 years is super slim
-So a lot of smarter to invest into ETFs and Index funds

What are they:
-These are investments that contain other stocks
-whenever stocks life ends another moves in
-So you don’t have to worry about picking winners,

My investments:
-I have money in a little bit of everything
-This portfolio on average makes about 12% a year

4. Lets have some Fun with Math

-If you got a job that you can make $500 a week that’s 26,000 a year
-If the government with taxes takes 20% and you spend 20% on whatever you want
-You are left with 60% for investing $15,600
-So if you do this for 4 years at 12% you’ll have 83,504.42

If stopped their and never invested again for 40 years
-You would have 7.7M
If you continued to invest the same amount for 40 years though
-You would have 13M

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

[thatPTpharmacist]

A teenager investing or thinking of investing is already great, make them mistakes early in life so you dont make them later

[darionrobinson]

Your videos are changing my life.Keep doing what you're doing.

[Dylosophy]

Love the videos, Tommy "Hilfiger" Bryson

[MiniHulk]

Help me to get where your at bradah.. love the videos 🤙

[chinooocrespo]

I am 22 years old and I made it . Great stuff what was the website called for investing and they pay you interest on it how does that work???

[G_Carrier]

Tommy last video I commented, need your help. I said I’m invested into the old portfolio called “moderately aggressive” what should I do with the intermediate term bond, international bond, and the the mid cap etf ? Should I wait for the market to go up to sell them ?

[indiakxoxo]

I made it!!!! I’m just starting investing this year at 30. So yea 😬 yikes

[foodie]

Investing is not always the right thing to do it's going to cost me more now that I have investments

[GeorgeRealFU]

you going to have shit cause you can not predict 20 or even 40 :) years at any level no one can.Today more than ever, money needed more than money worth...Also most of you saying TEACH YOU Teachers only can teach.The rest are talking and SHARING INFORMATION...