Mon Dec 09 2024, by Tyler Gardner
3 Things You Can Do Right Now with $100
Here are three things you could do right now with $100. I'm Tyler, a former financial advisor and portfolio manager, and I create financial content for free so you don’t have to pay for it.
1. Spend It
You could spend it. Congrats, you just purchased $100 worth of goods, services, or experiences. Hope it was awesome!
2. Save It in a Traditional Bank Account
You could save it in a traditional bank account, which would lose about 2% to 3% of its purchasing power per year. Wake up in 20 years and find that your $100 is worth only about $70.
3. Invest in a Low-Cost Index Fund
Or you could invest it in a low-cost index fund. By taking advantage of long-term compound growth, you could wake up in 20 years to find it worth closer to $386.
Your money, your choice. But for me, I choose option three.
If any of this information is helpful, please like and follow, and I’ll keep trying to get you one step closer to where you need to be.
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