As I get older, one of the biggest things I keep hearing about is investing. Phrases like “If you invest X amount today, you will have Y amount in the future” often overwhelmed me. It made me feel like if I wasn’t investing immediately, I would be broke in the future. I felt like I was missing out on an opportunity if I didn’t start right away, even with my small college budget.
Despite feeling overwhelmed, I decided to take a deep breath, look on YouTube, and search the web for different investing accounts for beginners. That’s when I came across Acorns, an app that made the most sense to me as a beginner. Here are some benefits of Acorns for beginners and young adults like me:
- Educational Resources: Acorns provides articles and videos to educate you about money habits.
- Guided Investments: If you’re not sure what to invest in, Acorns picks the accounts for you.
- Track Gains and Losses: It shows your total gains and losses.
- Round-Ups: This feature takes leftover change from a purchase and invests it. For example, if you pay $7.57 for a Starbucks drink, Acorns will automatically invest the leftover $0.43.
- Regular Investments: You can invest automatically on a daily, weekly, or monthly basis.
- Real-Time Projections: You can see what your investments could be worth depending on how much money you invest and how often.
- And More…
Now, for the exciting part. Acorns has a continuous rewards program with different cash prizes. My offer was to recommend two people by a certain date and have them invest $5 into their account within 14 days to receive $777. I recommended my brother and dad, and I earned over $700. When you help build Acorns up, they reward you. I took advantage of this by promoting their business, and they added money to my account.
One important thing to know about Acorns is that you need to set up a subscription. They offer different subscription tiers. I opted for the $5 a month subscription and now pay the $9.99 a month because I believe it’s worth it. By simply telling people about it, I made more than the subscription cost. Investing $5 at the time and then receiving $777 was a $772 gain. I think that’s worth it, especially as I continue to learn about investing.
Overall, I think Acorns is a great app for beginner investments. I’ve learned a lot about investing while also making money. It’s been worth it! Below is a link to sign up for Acorns so you can start sharing with friends and making money too! Wish you the best!
