Having trouble finding $50 per month to invest? Even the small stuff can really add up. For example, if you buy breakfast and coffee every morning at your favorite coffee shop and spend $3.50 on a coffee and muffin, that adds up to about $107 per month or $1,284 per year. If you invest that amount per month at a 8% rate of return, in 25 years you will have nearly $101,760. For more information on investing, read Investing 101 Part 1.
What small stuff could you cut back on this week?
graphic by Grace Niu
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This post was contributed by Brittney Castro, CFP® professional and creator of www.FinanciallyWiseWomen.com. Brittney Castro is not affiliated with TheEveryGirl.com. Brittney A. Castro is a registered representative with and securities offered through LPL Financial, Member FINRA/SIPC. California Insurance License #0F33895