4 Years with Acorns: A Comprehensive Review
84I've used Acorns for over 4 years, is it still worth it? What's changed since January of 2020? Let's talk about all the features of this investing service including everything in the $3, $5, and $9 per month tiers and what my experience was like using Acorns over the last 4 years (including the parts of the service I actually use vs those I don't.) Crucially, Acorns needs to make 7 substantial changes to stay relevant and competitive!
🐿Start investing with Acorns! Get $5 when you use my invite link: https://acorns.sjv.io/P0bQDY
⏱Handy Timeline:
0:00 4 Years with Acorns
0:26 Why We Invest
1:59 Why Acorns Was Attractive
2:41 $3 Per Month Features
7:22 $5 Per Month Features
10:00 $9 Per Month Features
16:55 3 Benefits of Kids Checking Account
20:06 7 Things Acorns Needs to Change
20:28 Change 1- The Fees
23:02 Change 2- Custodial Account
23:39 Change 3- 529 Plan
25:21 Change 4- Higher APY
26:26 Change 5- More Stocks
27:11 Change 6- Bigger Bonus
28:27 Change 7- Actual Courses
29:15 My Personal Experience Using Acorns
31:34 Why I Don't Have $30k Anymore
34:00 Giving Acorns a Spreadsheet Score
37:10 Most Important Thing With Investing
37:53 Deeper Dive into Acorns
Other videos I mentioned in this video:
What is an IRA? - https://youtu.be/DAgZJe7QvZg
Which Type of Investing Account is Best? - https://youtu.be/udIhZUOEbOk
Acorns GoHenry Review - https://youtu.be/__kV1FOefGo
=====
📗Easily learn all the essentials of stock market investing in a single afternoon:
https://www.udemy.com/course/investingmasterclass/?referralCode=BEE5C6159005EDA7BE79
Free Digital Products I made for you:
Net Worth Tracker: https://brendanbutler.gumroad.com/l/InvestingChecklist
Budgeting Spreadsheet: https://brendanbutler.gumroad.com/l/BrendanBudget2022
New Investor Checklist: http://bit.ly/newinvestorchecklist
Better Goal Template: https://bit.ly/bettergoaltemplate
Memento Mori Life Grid: https://bit.ly/MementoMorigrid
My Free Newsletter: https://brendanevan.substack.com/
=====
The Investing Apps I Recommend:
📈M1 Finance Investing: (Get up to $100 when you start investing today! *eligibility requirements apply* To get it, invest at least $100 in an individual account or at least $500 in a retirement account)
https://m1.finance/td-bpuTpiT9T
👨💻Data made easy with Fennel, the superpowered investing app: More info or a free trial without a credit card here: http://fennel.sjv.io/c/2906384/1959471/20785
🐿Start investing with Acorns! Best app for beginners! Get $5 when you use my invite link: https://acorns.sjv.io/P0bQDY
🤿Want to dive deeper with an investing service built for the pros and available to everyone? Interactive Brokers offers a Lite or a Pro plan with $0 commissions and incredible tools: https://www.interactivebrokers.com/mkt/?src=brendanevanPY1&url=%2Fen%2Fwhyib%2Foverview.php
📊Get 2-12 free stocks with WeBull after you make your first deposit! (The best app for getting free stocks. Remember, you MUST link your bank account or you get no free stocks!)
https://a.webull.com/i/BrendanEvan
💡Make informed decisions with deep investing tools and research with Seeking Alpha (My subscribers get a discounted rate plus the first 7 days free!): https://www.sahg6dtr.com/3146C9P/R74QP/
👩🏫 Learn more with Skillshare, my favorite online learning platform: https://skillshare.eqcm.net/c/2906384/298081/4650
=====
#BrendanEvan
Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!
🕰Make sure to check the time stamps to navigate to the most interesting parts easily.
🏎💨If I am talking too slowly, just click on the video settings option and look for “Playback Speed”. Changing this to 1.25x or 1.5x can make the video flow a little better if you want to pick up the pace!
📥Contact me here for business purposes: Brendan@brendanevan.com
⧉Join this channel to get access to perks:
https://www.youtube.com/channel/UCVaO3-9dDkesDFAFrvqvcFg/join