The longer you wait to invest or even open up a high-yield savings account, the more money you lose.
Learn this and more from our personal finance courses: https://t.co/7cLBweSLv2
What are the benefits of a High Yield Savings Account (HYSA) over your typical savings account? 🧐
1️⃣ Your typical savings account earns you just 0.06% at your local bank.
2️⃣ A high-yield savings account, on the other hand, can earn you as much as 5.30% 😳.
We are working towards a future where financial literacy is the norm in schools and offered within company benefits. If you are a company, bank or school district looking to partner with us, learn more and connect with us here 🚀 : https://t.co/kWiOy1KZBO
If you want to retire with $1m at 60, how much would you need to invest each month? Here is the math for a bit of perspective. Learn more with our financial courses -- search "Snowball Wealth" in the app store, or go to link in bio.
Then, when the economy improves, so will the value of your portfolio.
3️⃣ Time in the market matters (compound interest!), so start now!
Our Investing Course launches 1/10/24. Link in bio to sign-up! 2/2
3 reasons to start investing:
1️⃣ Investing is a great way to build wealth as it’s essentially another form of income.
2️⃣ Buying stocks during a recession is like shopping during a sale — prices are lower so you can get more bang for your buck. 1/2
🤝 If you are planning to make donations, make sure to do it by Dec 31st so they count towards the 2023 tax year.
⏰ Secure your spot in our Investment Course and start making your money work for you in 2024. Details in our bio. 2/2
With 2 days left in the year, now is the perfect time to revisit your goals and make sure you’re on track.
🤑 Do a net worth check in! This can help you see how much progress you’ve made this year, and clue you in to what else might be possible 💪 1/2
3 steps for getting started with investing:
1️⃣ Open an account with a reputable brokerage.
2️⃣ Once the account is open you can transfer any money you wish to invest.
3️⃣ Decide whether you want to invest yourself (pick stocks, ETFs, etc.), or have the brokerage do it. 1/2
🧑🏫 We are opening a waitlist for educators interested in bringing this transformative program to their schools. Teachers who wish to participate in our bilingual financial education initiative can sign up here: https://t.co/9lqDWDZHFo 3/3
We are looking to broaden our reach by welcoming new partners and sponsors. This is a unique opportunity for banks, financial institutions, and other organizations to join us in making a significant impact on financial literacy in diverse communities: https://t.co/kWiOy1KZBO 2/3
We're so excited to announce our partnership with Lynwood District to provide bilingual financial literacy and college prep for LA students. 🧵
The digital courses and workshops cover banking, credit, investing and college readiness. 1/3
If you start investing $500 every month into a brokerage account with a 10% return:
- In 1 year you'll have: $6,408
- In 5 years: $38,823
- In 10 years: $104,877
- In 40 years: $3,481,194
Start investing in '24! Our Investing Course launches 1/10/24. Link in bio to sign-up
We are hosting an AMA: Debt & Investing During the Holidays 🎉 with Kiley from @SpenDebt and Pam from Snowball.
You can catch this AMA on our IG this Wednesday, Nov. 15 at 12pm PT / 2pm CT.
Do you have a question for our panelists? Comment below 👇
We’ve joined forces with @SpenDebt to get Houstonians excited about making money moves-- like saving, paying off debt, and starting to invest.
Join today 👉 https://t.co/vtZRqOfCEw
Love this @CNBC@CNBCSelect feature of @asksnowball that came out yesterday.
“One of this app's standout features is how it brings together its users.” 🫶🏽
https://t.co/gDqXSHDh41
Federal student loan payments resume Oct 1st! Search for "Snowball Wealth" in the Apple app store for the free course. Access it on desktop by going to https://t.co/X9QSnDdXvc.