Have you thought about investing but don’t know where to start? i found this really cool app called Acorn you’ll just a little squirrel just hoarding away money and not even realizing it.
How does Acorn work?
It’s pretty simple concept, you link your debit or credit card to your Acorn account and each time you make a purchase, you will invest the change from the transaction.
Example: Let’s say you are at Starbucks and you purchase a Grande Americano and the total is $5.65, Acorn will round up your purchase to the next whole dollar $6.00, the difference is .35 cents. that .35 will be invested into your portfolio from stocks, bonds, & ETF’s
In addition, you can also set-up a recurring daily, weekly or monthly contribution, a one-time amount to boost your investing. Do you love shopping as much as I do? You can also shopping and earn money but the participating brands and earn an dollar amount or percentage that that particular brand will contribute and finally, refer a friend and earn $5 for your account. Watch the short video below and start investing with Acorn today! Get $5 when you use my invite code: https://acorns.com/invite/RM8KAS
This is a great tool for millennials to get their toes wet in investing and start saving for retirements. Although, many millennials might not thinking about retirement, that they are too young.
You’re to young to start saving for retirement said no one ever!
I opened an account with a recurring monthly payment of $25 dollars, it will be interesting to see how my money will grow.
Start building your wealth today!!
Note: Acorns fees are $1 per month for all accounts with a balance under $5,000 and .25% of the balance per year on accounts over $5,000. Compared to traditional management, mutual funds, and DIY ETFs, this fee is incredibly low. May 11, 2015