THE POWER OF INVESTING

If you invest $100/month in the stock market, assuming a 7% annual return, your money will have more than doubled in 20 years. Playing it safe with a checking or high interest saving account will offer very little return. Make your money work for you!

The most important part of investing is getting started early! When you invest long term, your money will benefit from stock market growth, dividends, and compounding.

Of course, you should only start investing after you have paid off any high-interest debt above 5%, have saved a 6-month emergency fund, and contributed to an employer-sponsored retirement plan that if it offers matching.

I invest in my IRA first to take advantage of the tax benefits and also in an individual brokerage account. I'm a big fan of @M1_Finance because they make it easy to get started investing and don't charge any fees!

Of course, make sure you do your own research on how to invest and are comfortable with the risk because returns are never guaranteed.

Later this week I will be releasing a free guide on how to get started investing so stay tuned!