Acorns (now called Raiz) is a free app that automatically saves your spare change from everyday purchases and invests it. The app turns small amounts into a digital piggy bank that grows over time without requiring effort or discipline.
Now, I'd love you to do one quick favor for me. Grab your phone and go to your app store and download the app. Acorns A C O R N S. What's Acorns? Great question. Acorns is that digital piggy bank that we used to have when we were growing up. Remember how you used to have a piggy bank where you put in your 20 cent coins, your 50 cent coins, your 10 cent coins and eventually over the year or so, it built up to be full and you take it down the bank and you cash in. You're always quite surprised by how much money was in there. And so what Acorns is, it's a digital version of that because we're not paying for stuff with cash so much these days, where you're always tapping our card. And what this app does is every single time you tap your card and let's say you buy a coffee for $4.20, the app will automatically round that purchase up to $5. It will take that 80 cents and invest that into an investment account in your name, which you can see and touch at any time. So every single time you're spending, you're now investing. Imagine from the age of 18, if every bit of spare change you ever had from every purchase was invested for you, your life would be very, very different now. And so that's what this app will do for you. It's going to automate your savings. You're not even going to know what's happening in the background. You don't need to touch it or look at it, remember it. It's just going to be actually investing for you every single time you're spending from here on in. So download Acorns, tell your friends and especially your family about Acorns. I think it's seriously one of the best inventions to come across my desk in financial technology. It's going to help you and your family build a nice little emergency fund. Some of our clients use it for holidays, some of them use it for Christmas, some of them just use it to sit there and have as an emergency fund in case any anything was to happen that they weren't expecting. So it can be used for a variety of things. You can see it, you can touch it, you can always get the money back out. But whilst it's invested, we've all got that compound interest working for your favor. If you're getting interest on interest on interest, each and every year, it's going to grow and that snowball is going to get bigger and bigger and bigger. So download acoins. Set it up for yourself. Set up for your family and especially for your children.
