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TL; DR:
- Pros:
- Easy to get started for new investors
- Low threshold to get started with only $1
- Many ways to invest and earn from spare change, offers, auto-invest
- Easy to use User Interface
- Great customer service
- Cons:
- Index and ETF diversification is basic, advanced investors might want more control or investment choices
Financial Freedom doesn’t have to be expensive or overwhelming to start. Do you have spare change to buy a coffee, some pennies in your couch or sofa, or maybe that change you saved in a jar or piggy bank?
Have you tried a financial service called Acorns? Acorns takes this principle of using your spare change to invest into index, ETF, and much more to passively invest your cash into assets. This instantly gives you instant diversity based on your investment goals.
Investing can be scary. However, for many of us, it can be overwhelming with all the jargon and complexity. Acorns helps simplify this in the way of thinking like a tree. If you take care of it, provide water, sunshine, and the right level of love you will produce oaks and oaks of harvest. In this case, cash towards your different life goals and outcomes.
Acorns differs in a couple of ways:
- The first is you can use your spare change to add to your investments. This can be something as simple as buying a cup of coffee. Let’s say, for example, it costs $3.25 for your coffee. You can have Acorns save that $0.75 that is used to round up to the nearest dollar.
- Another way is by using offers with different vendors within the app from shops you buy products. These can range from common need items such as food and groceries to luxury shopping with other brands like Nike as an example.
The various offers in Acorns get added and changed over time, but it’s an easy way to get cash back like other programs such as Rakuten when you’re already buying those goods. So check back often if you like to get cash back on things you’re already planning to purchase.
In addition to round-up purchases and cashback offers, you can also invest the traditional way. The traditional way of setting aside a set amount per month to be invested, be it $5, $10, $100, or more per month.
Some other notes of consideration. In my experience with customer service, it’s been fantastic and easy to work with when I encountered issues. I also found the interface to manage my investments easy to navigate and scroll around the dashboard. I believe a strong UI can separate your brand from others. It also serves to making it easier to manage your money.
If you’re scared to invest or don’t have much to start, click the link below.
Let’s get started with Acorns:
acorns.sjv.io/ZQVdQK
Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
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