Hi Reader, Many people think that investing is only for the "rich," but that's not true. Did you know that if you invest just $100/month for 30 years, you could end up with over $113k? That's a return of over three times the amount you invested! These Four Investments Are Unicorns and Require Lots of Luck (Don't Do It!)I love investing, but what I love more is investing that's as safe and reliable as possible, with great returns. Since I post money content on TikTok daily, the algorithm serves me all kinds of videos where people are teaching you how to invest in ways that require a lot of luck or for you to be a unicorn. 🦄🍀 When I consider investing in something, I ask myself, “How easy is it to replicate this?” Can I log into my investment account, day trade, and make the same amount of money the guy in the video claims to be making? Not likely, because timing matters a lot, which requires luck, and it's hard, if not impossible, to replicate luck. |
If you prefer audio... Submit your question for the Q&A episodes here. How do I know if I should save, invest, or pay off debt? What to prioritize will depend on many factors, without knowing your specifics, here are some key points to keep in mind: If you currently invest $0 per month, think about how you can find a way to invest $100/month. If you already invest $100 or more per month, think about how you can invest an additional $100/month. With investing, a little goes a long way, thanks to compound interest. The most important thing to do is to just get started! Everything You Need To Know About Investing: Enrollment is open! Class is Saturday, October 14th at 10:30am ET/7:30am PT A comprehensive and live workshop where I'll teach you:
📺 Are Millennials financially screwed?: The kids of Boomers, the so-called Greatest Generation who enjoyed affordable housing and economic booms, are feeling a bit sour towards the parents who don't get that this is not the economy of yesteryear. This piece from The Atlantic argues that the "broke millennial" is a myth, with a hard look at the numbers. It's definitely interesting, but I don't know if I buy the author's argument. What do you think? See you next week! -Veronica PS - Don't miss the "Everything You Need to Know About Investing" class this Saturday! If you're not investing yet or have left it up to a wealth manager (unless you're Taylor Swift-rich!), you could be leaving tens of thousands, if not more, on the table. Investing may seem intimidating, but it's actually easy and hands-off. And you definitely don't need to be glued to financial news every day (unless you want to be!). Best of all, the class is only $99! That's a small price to pay for the potential to earn back your investment many, many times over on your investing journey. Don't let fear or uncertainty hold you back any longer. Sign up for the class now and start making your money work for you! Did someone forward you this newsletter?
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Veronica is a Certified Financial Consultant by the NFEC and founder of Run Your Money. She wants you to be done with the money shaming of the finance bros and learn more grounded financial knowledge than what the money manifesters teach. Veronica has been good with money since she started babysitting at age 11, perhaps thanks to her Sun and Venus in Capricorn? She’s been saving and learning to be more strategic with money ever since. She also has a degree in Social and Economic Justice and has a unique perspective on how your finances play out in our larger economic systems. She wants to help you run your money so it stops running you.
Run Your Money Newsletter Hi, Reader! I wanted to take a moment to express my sincere wishes for a warm and joyful Thanksgiving (if you're celebrating) filled with family, friends, and my personal favorite: the Macy's Day Parade. 🦃 This Thanksgiving, our household is spicing things up with a Turkey-Off. My husband is manning the smoker, infusing our bird with a variety of flavors, while my mother-in-law is making hers in the oven. As the official taste tester, I'm eager to see whose turkey...
Run Your Money Newsletter ☕ Falling for Autumn Delights, Thanksgiving Crafts, and New Updates! 🍂 Hi there, Reader, I hope this message finds you wrapped in the cozy embrace of fall! As the leaves change colors and the air turns crisper, I can't help but indulge in the delightful seasonal offerings that seem to magically appear this time of year. Speaking of which, I might need a second job to support my Starbucks addiction—those fall drinks are irresistible, aren't they? ☕💸 In the spirit of...
Run Your Money Newsletter 🚗 Taking the Road Less Judged! 🚀 Hey there, fellow financial adventurers! Many boomer personal finance experts are all about spending as little as humanely possible. (I'm looking at you, Suze Orman, even though I think you're amazing and I loved your book when I was young, fabulous, and broke.) But generally - telling people to spend as little as possible, with no nuance, is bad advice. Last week, we wrapped up our first road trip in a mini-van that we purchased new...