Did you know that you can make money while youโre sleeping?
Well, say hi to investing! ๐
๐กInvesting = buying anything that can increase in value over time
like sneakers, houses, or stocks ๐ค
Itโs hard to get rich only by saving because youโll only grow your money by working more, or spending less ๐ฅ
But by investing, your money can work for you and grow on its own ๐
For example, if you save $30 / month from age 18, you would have $16,000 by age 65 ๐
Not bad, but...
Investing $30 / month into stocks from age 18 can become $380,000 * by age 65! ๐คฏ
* assuming a 10% annual return
Investing takes time, patience and discipline ๐ณ
but itโs the best way to build long term wealth and Bloom will teach you how to invest like a pro ๐ค
Choose an option
Can increase in value over time, like stocks
Depreciates, or loses value
Costs a lot of money
Your money will slowly disappear over time
You'll always need to work more or spend less
Keeping money at banks is not safe
Get rich overnight
Build long-term wealth
None of the above
Work more hours at your job
Risk vs. Reward
Diversification
Intro to ETFs