How to Invest $100 in Your Teens: Click “Show More” to see my Favorite Financial Tools ▽MY FINANCIAL TOOLS▽ 🏦 SoFi Complete Money Management ➤ Checking & Savings - https://magnified.reviews/SoFi ➤ Credit Card - https://magnified.reviews/SoFiCreditCard ➤ Invest - https://magnified.reviews/SoFiInvest ➤ Budgeting - https://magnified.reviews/SoFiRelay ---------- 💰 Chime Fully Online Banking ➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime ➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder ---------- 💳 Favorite Credit Cards ➤ Chase Sapphire - https://magnified.reviews/Sapphire-Preferred ➤ Capital One Venture X - https://magnified.reviews/VentureX ➤ Chase Ink Business - https://magnified.reviews/Ink-Business ➤ Amex Green - https://magnified.reviews/Amex-Green ➤ Amex Platinum - https://magnified.reviews/Platinum ➤ Amex Business Gold - https://magnified.reviews/BusinessGold ---------- 📊 Wealthfront Automated Investing ➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront ---------- 💵 Current Card ➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard ---------- 📸 MY CAMERA GEAR ➤ My Camera: https://magnified.reviews/Camera ➤ My Microphone: https://magnified.reviews/Microphone ➤ My Lights: https://magnified.reviews/Lights So regardless of your age, my personal suggestion on the best way to get started with investing in general which is not financial advice and is just for entertainment purposes would be buying index funds. An index fund is a really inexpensive way to diversify your money across hundreds or thousands of companies and even if you only have $100 you can either find an index fund that is under $100 or even buy a fractional share of an index fund which is a feature that allows you to buy half of a share depending on how much money you are ready to invest. Now if you're under the age of 18 you'll probably have to get what's called a custodial account and if you're over the age of 18 then you can just go open up your own brokerage account with someone like TD Ameritrade, Charles Schwab, or a simple mobile platform like SoFi or Robinhood. If you're willing to accept a higher level of risk than another great way to invest your $100 would be in what's called dividend stocks. Now again I don't want to bore you to death with the lingo and terminology but a dividend stock is just a regular stock like Apple or Tesla but the dividend part basically means that the company is going to share a small percentage of their profits with you the shareholder. Now the amount that the company is going to share is viewed as a percentage of how much you have invested and some companies offer a high percentage and other companies pay no dividends at all. The next thing I would recommend which may sound a little dry and boring is actually reading. I know this isn't the most glamorous thing in the world and if you're anything like me then you might hate reading entirely but there's always audiobooks and there is so much to be learned from all of the amazing books that are out there. Outside of reading, you could also purchase a course or online lessons on something that you are interested in. Maybe this is a course on personal finance or maybe it's a topic on how to start a particular side hustle. Whether you are 13, 18, or 75, I strongly encourage you to try everything because if you want to build wealth throughout your life relatively easily, and you're going to have to lean on your natural inclinations and skills and it's gonna take a lot of trial and error in order to figure out what those skills are. If you are 18 or maybe you're about to turn 18 then what's the big deal and what should you be doing to prepare so that you can invest your $100 or however much you have in the best way possible. Well, there are three big things that you absolutely want to do the moment you turn 18 and that would be to open a high yield savings account in your own name, open a credit card, and open a Roth IRA which is an individual retirement account which will put you miles ahead of most 20 and 30 year old’s and be setting yourself up for great success in the future. Music from Epidemic Sound Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.