Tue Dec 10 2024, by Tyler Gardner
If you are in your 20s or 30s, and you can afford to save $50 a week, there are strategic ways to make your money work for you in the long run.
Consider opening a Roth IRA. This investment account allows your taxes to be paid upfront, providing tax-free withdrawals in retirement.
Next, invest your savings in broad, low-cost index funds. These funds typically offer returns of approximately 5-7% per year, which is a great way to increase the value of your money.
After your wise investment, treat yourself to a pepperoni and pineapple pizza because you just took a significant step towards securing your financial future. Remember, investing early can lead to lifelong benefits!
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