Do you ever think about how valuable your time, money, and effort are? There are thousands of distractions we deal with daily that tempt all three of those categories of our lives!
When I turned 20 years old, I wasn’t even thinking about how to be financially responsible. My “savings account” was a checking account that gifted me a beautiful 0.00% interest. I had maybe $700 cash hidden in a book somewhere. My mind was not thinking about how I could grow that money. I didn’t know what I didn’t know.
Nowadays, at 24, I’m passionate about the idea of my money growing without any of my time or effort. See how those three categories are related?
The average American believes that in order to make money you must sacrifice your time or your effort, if not both. The American Dream is not supposed to be working for 40+ years to make a decent living.
The new-age American dream is being able to leverage your money in order to take back the most important category: your time.
What made me want to start investing money?
For starters, the average savings account only gives you a return of 0.05%. I laughed at that when I first read it. It was more than my 0.00% checking account, but it was almost insulting.
For every $1,000 in your savings account, you will make a whopping $0.50??? As the infamous phrase from Shark Tank goes, I’m out!
If you’re in your 20’s or 30’s and reading this right now – you are STILL EARLY to investing. The sooner, the better. Of course there are potential risks in the stock market. You know what else is risky? Letting your money sit in a 0.00% interest checking account and continuing to live paycheck-to-paycheck.
If you’re able to take a percentage of your income each month and put it into an index fund or some ETF’s that bring in dividends, you are going to see the power of money working for you. It’s a beautiful thing when you realize money is not a goal – money is a tool. It can be leveraged and it can be grown.
Level up!
I am not a financial advisor. I am strictly expressing my opinions and experiences on my personal finance journey. There are always risks involved and those who put their money into investments should always do proper due diligence in advance.
