Accelerate Your Retirement Savings with This One Easy Tip

Hello there friends. I have been thinking about writing about this topic for a while now, and I decided this morning that it cannot wait. Many of you will not read it, some of you will, and you won't do anything about it. But if there is one person that reads this and my tip helps you get on a path to wealth - my job here is done. So let's dive into this fun topic. Here's my lazy hack to getting a head start on building wealth. And you can start literally NOW.

Personally, this has been an absolute game-changer in boosting my retirement savings. But before we dive into the nitty-gritty, let's set the record straight: I'm not a financial whiz. I am assuming you already have your financial ducks in a row – maxing out those 401Ks, setting up those slick automated savings plans, and diversifying your investment portfolio like a seasoned pro. Kudos to you for being on top of your money game! This is just that EXTRA lazy hack that will help you accelerate.

Some of you have probably heard about it, while others might be hearing about it for the first time. In the end, you are currently not doing this. But here's the deal: Don't procrastinate. The sooner you hop on this bandwagon, the sooner you can start riding the wave of compound interest to turbocharge your wealth.

Let me introduce you to my best friend, Acorns – the easiest app that allows effortless saving and investing. Once you've downloaded the app, take a moment to acquaint yourself with its interface. Trust me, it's about to become your go-to tool for growing your money effortlessly. It's so easy this polish gal figured out how to use it while stopped at a red light. Ok, that's maybe too dramatic but you get the point.

How does it work?

• First off, download the app now. Use this link and Acorns will deposit $5 to your account.

• Then connect to your checking account and do these two things:

  • Set up a weekly automatic transfer, starting with a small amount like $10 to $20. That's probably less than what you spend on your weekly takeout treat or your daily caffeine fix. Then, every now and then, bump up that amount by a few bucks. It's a painless way to level up your savings game without even breaking a sweat. Right now, I've got mine set at $38 a week, but the beauty of Acorns is that you can tailor it to your comfort level with risk.

• OPTIONAL: Add roundups. Then every time you make a purchase, Acorns swoops in and rounds up your spare change to the nearest dollar, then invests it for you. It's like turning your everyday spending into a mini contribution towards your retirement dreams. Pretty cool, huh?

Ummm... ok Ania. Now what?

Well friends, now is the fun part. You set it. And forget it. The magic of time and compounded interest does its job, Let's look at two scenarios.

You are 40 years old. You start today with a $20 weekly transfer set up - all mine is investing into 4 ETFs: large, medium, small and international, heavily skewed towards S&P500. If this means nothing to you, do not worry, Acorns does all of it for you.

Let's do some mathing with the help of my friendly compound interest calculator:

$20 per week, until you are 65 with VERY CONSERVATIVE 8% growth, will give you an extra $76K

Now let's up this to a whooping $28 per week ($112 per month)

That's another $100K towards your fun retirement fun - you can buy all the good wine then

Now let's be crazy for a moment and consider adding $100 per week? Holy bananas!!!!! That's another $363K added to your retirement.

So, what are you waiting for? Embrace the power of Acorns and watch your retirement savings flourish. The sooner you get started, the sooner you'll start seeing those dollars multiply. It's time to let your money do the heavy lifting – you deserve it!

Please let me know in the comments if you decided to do it. There is literally NO risk, You can adjust the amounts at any time, or withdraw your money.

I hope this helps. I am obsessed with my Acorns, and now Molly is too :)