Thursday, 19 September 2019

How To Invest For Beginners With Little Money

How To Invest For Beginners With Little Money

In this article, we are going to talk about how to start investing for beginners with little money. Even if you only have just a $50, $100, $1.00 or even no money. You can start investing. I am going to show you how to get started.

I have been investing a long time, I have used a lot of different tools and platforms to invest my money and this is by far the easiest thing I have ever seen and on top of that it only takes about 5 minutes to get started.

Once you get started investing with this app you will be on your way to building wealth and improving your financial future, and using your money like the wealthy do where you take your money and use that to make more money.

Here is a quick peek into my accounts, you can see how much I have accumulated just by using this app for the last few months.

Just to be clear, I started this with no money. I didn't make any initial investment and this is what I have been able to accumulate in that time.

This sounds interesting to you, keep reading, we are about to get started.

At the end of this article, we are going to add the link to the actual tool that we are talking about today, and at time of writing this article, they are actually offering a free $5 bonus just for signing up.

But I do need to say that offer isn't available on their standard home page, so you do need to go through the link at the end of this article to actually get that bonus.

Let's get started.

This is the acorns app website tool whatever you want to call it and what I love so much about is it allows anyone to get started investing even if you don't have any kind of initial investment, and the way it works is they allow you to invest your spare change.

What that means practically is if you go to Starbucks and spend $9.47 they are going to go ahead and round that up to $10.00 and then take that $0.53 and invest that for you
  • $9.47
  • +$0.53 roundup
  • =$10.00

If you do that over and over every day with your purchases that adds up to a lot of money that is now invested, and what is also awesome is that it's automatic, and you don't have to think about it. 

Just go ahead and sign up

Now, what it's asking to do is connect your bank account and the reason is is because the whole idea behind acorns is that they take these purchases and they round them up and then take that round-up amount and then invest that.

They used 56-bit encryption just to makes me feel a little bit better since I am connecting my bank account to them over there.

Just go ahead and select your bank account 

Now we have our bank account linked, we just need to give them a little bit more information.

What they are trying to do is help you determine how your risk tolerance should be and how they should invest your money, whether it should be a little more conservative or a little bit more on the riskier side.

Base on the answers to questions this is how they recommend that we invest in a conservative approach since we are looking to get this money out within a short time frame.

The majority of our money is going to be invested in bonds, with a little bit in stocks, a little bit in real estate, I believe you can still change this after we get past this screen. If you want to override it, but this is what their recommendation is.

By default when you set up an account what it does is, it starts using this rounds thing we went through when we hooked up our bank account.

That was one way to add money, but you can add additional amounts of money to it automatically just to get things moving even faster.

If we want to add $5 a month, you can do that. Then now we are all set up and so they send a little confirmation email over to use.

When you first log in to your account you are not getting anything going on yet because it's going to take a little time for those roundups to be invested for your account to be approved.

The point is they are just trying to find any way they can to help you just scrape off a little bit of money to get it invested.

There is something else that is really cool that they do is they have all these other companies that you can do something with and then you can earn money that essentially will be invested for you.

That is the acorns app and it's by far the easiest way I have ever found until I get started investing with basically no money. If you want to get started there is a link down below that you can check out and give them a short, or dig in deeper, do some more research.

If you sign up for Acorns using that link below you and I will get $5

$5 Bonus - Sign-Up For Acorns Today!

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