At the top of my bucket list in 2022 is to learn more about stocks, bonds, and investments in general. Since I’m a novice investor, I will leave the explanation to my favorite folks over at Ellevest. I will share with you that I currently had a little over $100 in my account because I withdrew money when I decided to leave the gov’t. But honey, let me tell you, I have a real estate closing coming up in a few weeks and I will be back on track with Ellevest.
Honestly, I forgot that I had been making monthly deposits into my acct. Imagine my surprise when I checked my account and discovered almost $900 in my emergency fund with Ellevest. It came in extremely helpful as you can imagine.
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I think that you will be impressed with what Ellevest offers women… Ellevest’s unique platform provides a customized platform to help you reach your financial goals. Ellevest helps women invest in specific, real-life goals like buying a home, starting a business, treating themselves to a big splurge, or retiring comfortably. No pressure from a salesperson trying to convince you of anything. I believe I started my account with a $100 deposit. My goal is to have $10,000 in my Ellevest emergency category by the end of 2019. Say you’re making $85,000 a year, saving 20% of your salary, and putting it in the bank instead of investing it. Wait five years to invest and that just costs you more than $170,000 when it’s time to retire. Wait ten years, and you’re down more than $337,000*.
My ultimate goal is to… let’s just save that amount for another post. As we continue on this blog journey together, you will see me post and share valuable information from Ellevest on a regular basis. “I”m excited to be working with Ellevest to start this conversation about women and money. I will receive compensation if you become an Ellevest client.
The big question is how do investments work and how do they actually make money.
Click here to get a quick rundown of the most common types of investments and what they do
Check out our complete Ellevest Investment Series
*Disclosure: The savings account results assume a 1% long-term average annual cash return, including the impact of inflation and taxes. The results are determined using a Monte Carlo simulation—a
forward-looking, computer-based calculation in which we run portfolios and savings rates through hundreds of different economic scenarios to determine a range of possible outcomes. The results
reflect a 70% likelihood of achieving the amounts shown or better.
I’m excited to be working with Ellevest to start this conversation about
women and money. Yes, I will receive compensation if you become an Ellevest client. The Melanin Goddess (“Solicitor”) serves as a solicitor for Ellevest, Inc. (“Ellevest”). Solicitor will receive compensation for referring you to Ellevest. Solicitor will be paid $3 per email registration and up to $1,000 when an individual becomes a client. You will not be charged any fee or incur any additional costs for being referred to Ellevest by the Solicitor. The Solicitor may promote and/or may advertise Ellevest’s investment adviser services. Ellevest and the Solicitor are not under common ownership or otherwise related entities.
