Think investing is complicated? Think again. You can begin your micro-investing journey in just five minutes. No financial background required—just follow these steps:
Step 1: Choose an App
Pick a micro-investing app available in your country. Popular options include Acorns, Revolut, Toss, or Raiz. Read brief reviews and choose one that fits your goals.
Step 2: Link Your Payment Method
Most apps require a debit card or bank account. This allows them to automatically withdraw small amounts based on your rules.
Step 3: Set Up Investment Rules
Decide how the app should invest for you. Common options:
- Round up spare change from daily purchases
- Invest $1 daily
- Weekly or monthly contributions
Step 4: Choose Your Risk Level
Apps usually offer choices like conservative, balanced, or aggressive. Beginners often start with balanced.
Step 5: Let It Run
Once everything is set, the app does the rest. You can check your progress monthly or let it grow quietly in the background.
Bonus Tip: Set a daily reminder for your “$1 habit.” After 30 days, you’ll have not only money invested but a new mindset.