How I Started Investing

After looking at my bank statements and seeing interest of 0.05% I realized that I need to invest so that my money can hold its value and grow. According to StatBureau the rate of inflation in the United States is 0.84% (year over year). I realized that just leaving my money in a savings account reduces its value. Prices for goods would increase faster than my savings account. As a 23 year old concerned about the future this troubled me. Finishing school and getting married kept my mind occupied for several years. Now, living on my own, I see the importance of reaching financial independence. Having a net worth under $20,000 (including our small vehicle) presented an investing challenge. After doing lots of research I downloaded the app Acorns. Acorns allows me to make regular investments that go into diversified funds. I made my first investment on May 3, 2016. My regular investing (weekly) has yielded a 3.61% return despite the Brexit and the Federal Reserve interest rate hike uncertainty. This is just the beginning of my ultimate financial plan. Follow this blog to see what I will do next and coverage of investments on my watch list.