MANAGE your money. Manage your mind.
Money mantra is a podcast about money & mental HEALTH hosted by Cesar "V!sual" Zamudio
so before you move forward, I want to make it very clear that I AM NOT an expert with investing, saving or any other aspect of financial literacy but I have learned a lot from my past mistakes, I have done a lot of research over the past year and have interviewed some amazing people on the podcast that have given myself and my listeners some great information. With that being said, below you will find some resources that I personally use and I think they will benefit anyone looking to get on the right track or make some inporvements financially.
This is my favorite. I've invested in stocks in the past through previous employers and I made a decent amount but I was not very in tune with how it worked and I also was only invested in stock for the company I used to work for so my experience was minimal. A few months ago I discovered Robin Hood and I loved it right away! It's very simple and to the point,
- Connect your bank account
- Deposit the amount of your choice (No minimum, start investing with $5 or less!)
- Search for stocks on the app
- Find what you like and buy the stock!
I dig this app. It's a super easy way to start saving & investing. All you really do is connect the debit or credit cards of your choice to your to your Acorns account and it automatically starts to save the change left of from each transaction. The transactions that get saved for you are called "Round ups" because that's exactly what it does, it rounds up the change until you reach $5 or more and then it withdrawals it from your bank account into your Acorns account. That's it ! You can also choose to make weekly, monthly or one-time deposits in addition to the "Round ups" .
This is should be the backbone of everything you do when you start to either create credit, fix your credit or get better credit. Credit and even more important, having good credit is so important and this should not be taken lightly. Credit Karma is a totally free service that not only gives you access to your credit report from Transunion & Equifax which are two of the top three credit reporting agencies but they also also give you access to resources, they make it easy to dispute errors and they now offer a FREE tax service !
I'm using the Credit Karma Android app but it is also available on ios CreditKarma.com