One Powerful Thing Every Successful Woman Does With Her Money

Let’s talk money. Or more specifically, investing it. Investing is a powerful habit and one that can improve your financial health. In fact, it’s one key habit that most influential women have in common. 

Let’s talk money. Or more specifically, investing it. Investing is a powerful habit and one that can improve your financial health. In fact, it’s one key habit that most influential women have in common. 

They know that working hard, and making their money work for them, can have a huge payoff.

And the earlier you invest, and the longer you leave the money invested, the better. For example, if you invest just £2,500 at the age of 25 each year for ten years, then don’t touch the money until you turn 65 you’ll have £291,188 (if you get an average return of 7%). If you do exactly the same thing, but start at 35, you would have only £148,025 at age 65.

In the past, investing felt so complicated that many of us had no idea where to start. Thankfully, it’s nowhere near as difficult or exclusive as it used to be. Now it’s as simple as downloading an app.

The app that makes you money on the go

If you want to reap the benefits of smart investing, this is how you can do it. Moneybox differs from other apps in that it automatically rounds up your purchases and invests the spare change. So when you buy your morning latte for £2.40, Moneybox invests the 60 pence change. This means that every coffee, transport payment, or drink on a Friday can positively impact your investments.

It makes investing money so easy you can do it with your eyes closed, and these small amounts definitely add up with time. Every time you spend money, you’ll know you’re also investing a portion towards your future, too. Read more what else you can do to make your money work for you here.

Tailor your investments to your personality

You can choose from three different starting options depending on how you want to invest your money. The Cautious Squirrel, Balanced Owl, or Adventurous Fox.

These starting options determine how much of your investments are held in a Cash fund, Global shares fund or Property shares fund. These funds allow you to invest in a diverse range of global companies, from Disney to Netflix.

You can choose to set money aside in the way that suits you best. As well as roundups, you can set up a weekly deposit, a payday boost or just top up whenever you feel like it. So, whether you’re investing £5 a week or £500, you’re always in control. Just a small amount every week can add up to great things.

The Time Machine feature shows you how your money could grow in ten years’ time which is a great way to stay focused on your goals.

Be in control of your future

Most of us know about the beauty of a retirement fund and having some savings in your account. But the best thing you can do for your future is let your money make money. This can give you so much extra security later on in life, and you don’t have to be an expert in investing to make it happen. This app makes it possible for everyone to invest, no matter how much you want to put aside – in fact, you can get started with just £1.

Want to know more about what smart investments can do for you? Click here to start your journey with Moneybox now.

*All investing should be regarded as long term. The value of your investments can go up and down, and you may get back less than you invest.

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*All investing should be regarded as long term. The value of your investments can go up and down, and you may get back less than you invest.

GOOD THINGS

…come to those who sign up for our emails

Beth Macdonald

Managing Editor

I'm the Managing Editor of CGD. I'm a graduate of the Penguin Writer's Academy and have published a short story. I specialize in copywriting, digital marketing, and research.