Investing For Your Future


Friday, February 23, 2018

So who else is ready to retire??! Wellll for most of us reading this our retirement is still several years away. Even though you may not be ready to pack up your bags and head to the nearest island.. who says you can't start investing for that day NOW?

This year one of my goals was to become more financially free. What does that even really mean? Everyone in this world has debt. It is nearly impossible to be a normal human and have ZERO debt. Even people who make millions a year still have debt. Being financially free means that you have the nest egg to rely on in case something happens to your job or within your family that would cause more financial stress. 

I'll be the first to admit it..  I have NEVER been very good at saving money or stashing something back for a rainy day. I truly wanted to change that this year so I started doing lots of research on how I can save without constantly seeing the funds. 

A couple weeks ago I found the app... Acorns. I was very skeptical at first cause I assumed there had to be some kind of trick about investing your money. Like, you don't get to withdrawal whenever you want or they take a chunk when you do. However, I found out shortly that this was not the case at all. I've now been using Acorns for 22 days and have already seen a good little chunk of change add up. 

So how does Acorns actually work?? Well I've took screenshots of the app to help better explain what you'd be getting into if you chose to invest with Acorns. 


Okay, but who else hates signing their name on electronic pads??? It looks like I'm 5 years old. Anyways, I downloaded Acorns in Jan and was still a little unsure of using it so I didn't immediately start investing. 




These are all the ways you can invest. The true way that Acorns works is by round-ups. Round-ups can come from Walmart purchases, Starbucks and basically any transaction you swipe your card for. For example. If you swipe your card at Walmart for $10.50 then Acorns will automatically round up to $11.00 and invest the spare change. Besides round-ups, you can do one time investments and recurring investments. As you can tell on my account, I have set up a $5 monthly investment. I eventually will increase that amount but I just wanted to get a feel for the app before diving head first. 


At any point you can chose to withdraw your funds and have them deposited into your linked bank account. Normally this process takes 3-6 business days to complete. The whole goal of this app though is to let your investment grow and not dip into it as often as you might in a normal savings account. 


Last but not least... Found Money is a really cool concept to me because you can earn money by simply spending money. So it's basically a win-win, right?! Acorns is partnered with several merchants who will invest a little into your future just by shopping with them. 

I am truly impressed with the entire idea and concept of Acorns. Now keep in mind that I've only been actively using the app for 22 days and currently only have a small recurring investment set up..... I've already racked up $67.00! That may not be a lot to some people but for someone that doesn't save very well, this is a great growth for me. I am looking forward to see where I am in another 22 days. If you have questions please feel free to send me a message or leave comments! 

Happy Friday everyone! 



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