Gone are the days where you had to really learn the ins and outs of the stock market in order to make any money from it. Today you can invest, just by touching a button. Read below to see how… ETFs, the S&P, bitcoin, foreign currencies… Where do you even begin learning how to make money investing? If you are employed, going to school, taking care of a family, or even all three – chances are you have no real time to learn the market.
You may say to yourself, “I don’t want to invest because I have no idea what I’m doing”; and this appears to be logical thinking. Yet, if you don’t invest at all you are actually losing money, both because of inflation and opportunity cost.
The other big hindrance to investing was the amount of money required to get started. Not anymore, because every option we’ve included here is 100% free to sign up for. Some will even give you money just to try it out…who can say no to free money?
So whether you are short on funds or have no experience at all, it’s now easier than ever to start investing and earning returns like the 1%. Here’s how…
Step 1: Start Investing With Motif
Nobody makes it easier to start investing than Motif, and right now they are offering a special bonus to sign up.
Here’s how it works: Let’s say you believe that technology is going to continue to change the way we live our lives and you’d love to invest in big-name tech companies. Not a bad idea right?
Ok, so do you buy Google? Or what about Apple? Or Tesla? Amazon? You get the picture, it’s not easy to pick.
This is exactly the problem that Motif solves. With Motif you buy groups of stocks based on a common theme, called a Motif (hence the name).
As you can see, if you would have invested $1000 in Wearable Tech a month ago, you would have earned $72 in interest alone. However, Motif does charge $9.95 per trade, so you’ll need to factor that in.
There are hundreds of Motif’s available, with varying risk levels, so you can pick what makes the most sense for you.
To get started, set up your account and purchase your first Motif. Making that crucial first step is a powerful way to commit to changing your habits!
It takes less than five minutes, and can easily be done from your laptop or mobile phone.
Step 2: Invest Your Spare Change With Acorns
As if it couldn’t get any easier than Motif, along comes Acorns. Acorns’ slogan is “Invest The Change.” Think of Acorns as a piggy bank that also moves your spare change into an investment portfolio created for you.
After downloading the app, you just sync it up with your credit or debit card. From there, every time you buy something, Acorns rounds the difference to the nearest dollar, and deposits it into a diversified portfolio picked by experts.
Rounding works just like you think: you buy lunch that costs $7.70 and Acorns asks if you want to invest the remaining $0.30 in your account.
That’s it. You can invest with just touching a button once you’re set up. Better yet, you can even set the app to automatically invest your spare change on all transactions if you please! The best part about Acorns is you are investing without needing any money upfront, and $0.30 here or $0.60 there is small enough not to notice it going out, but enough to add up over time.
As you can see, Acorns is a great option for those looking to invest with little effort or savings.
Step 3: If you do nothing else, please don’t just leave your money in a 0.00% checking account.
This is an absolute no-brainer. If you don’t take any of our advice on the options above, this will guarantee you at least make something off your hard-earned money. With an online savings account, you can earn 1% or more interest, some 15-20x the national average of 0.06%.5
1% will not beat inflation, but any amount of interest is a huge upgrade from 0%…
You don’t have to change your current bank account, all you have to do is open a savings account and transfer the money that you aren’t using. You can easily transfer the money back and forth if you ever need it. It’s that simple. Take three minutes to open an account and make 15x your current interest.
One of the highest-earning and most reputable accounts we found is Barclays!
How To Get Started
As the famous book about growing your wealth, Rich Dad, Poor Dad, said:
“The poor and middle class work for money. The rich have money work for them”
Thanks to these new products and services, making money work for you is no longer just for the rich.
While each of these options can help you start investing and become better at managing your finances, using all of them together is the key to really getting ahead. Pick your favorite options below and get started today, good luck!