$40 Can Change Your Life

I am so sick of hearing people say things like "I don't have enough money to invest." I can't afford it." or "It's too much effort."

So, what if all it took was $40 a month? $40 to get you on your way to a better life and retirement.

If you invested just $40 a month into a retirement account from age 25 to 67 and received an average annual return rate of 8% (which is the average of what the S&P 500 has returned since 1957*) you would have close to $160,000 in your account by retirement.

Want to hear something even crazier? Cause I know you're thinking that $160k doesn't seem like enough (and it's definitely NOT but it's better than nothing). A study by the Economic Policy Institute found that in 2013 the average person between age 56 and 61 had about $163,000 in retirement account savings**. So by investing just $40 a month, you would have an average retirement account.


Obviously, I don't want you to be average or just below average. I want you to KILL THE FREAKING GAME! I want you to be a millionaire when you retire. This is just to prove that you can change your future with very little effort. Because imagine if you keep on the path you are now: not contributing ANY money to your retirement accounts. Once you realize how far behind you are, it's gonna feel even hard to start. Don't get discouraged.

JUST START. Start with an amount of money that you aren't going to miss. I mean come on, we easily blow $40 on the dumbest things without even realizing it. Just get a little intentional about what you're spending money on. For example, skip going out for drinks with friends just ONE of the five nights you go out with them in a month. Drink free coffee at work eight out of the 10-15 times you buy a $5 coffee each month.

"Get bigger than your problems."

Cutting back is good but let's really uplevel your money game, lets get bigger than the problem. Let's not cut back, let's MAKE that $40 to invest. Work 2 or 3 hours of overtime one week. Sell a handbag or pair of shoes you never use anymore. Sell the chair in your room that's literally only used to catch all your worn-but-not-dirty clothes (your room will stay cleaner too).

Whether you want to cut back spending in one area or make the $40 each month, I PROMISE you can find that extra money. It only takes the slightest effort but can have a ripple effect on the rest of your life.

Most millionaires started at $0.

You don't have to be rich to invest. In fact, most millionaires started at $0. It's okay to be at 0. Don't let that stop you, let it fuel you. It's time to step up to the plate and take responsibility for your future.

Not to overwhelm you and put any extra pressure on you but odds are once you start seeing your $40 a month grow, you're going to want to invest more. You're going to get addicted to seeing the numbers grow and your returns raise. And that is the whole point of this. Once you start, it's so much easier to keep going.

& if you're already investing in a retirement account (whether a 401k or IRA) THAT IS AWESOME! I'm seriously proud of you! But whatever you are contributing now, bump it up by an extra $40 a month (IF it will not cause you to exceed the contribution limit for the year), which will lead to an EXTRA $160k when you retire. That could go so far! That's like an extra 53 vacations you could take or you could afford to have a higher standard of living.

Do you guys get how important this is? You are not going to be able to depend on anyone else when you stop working. You have to do this for YOU. Stop making excuses. You got this.

And if you feel overwhelmed and not sure where to start, check out this article on the basics of a few retirement account options you may be able to advantage of!



P.S. My 1:1 Money Coaching Program is currently LIVE! Check it out HERE.

* https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

** https://www.epi.org/publication/retirement-in-america/

This is not advice. Returns are not guaranteed. Different investments result in different returns. Investing involves risk and possible loss of money. Speak to an investment/financial professional. Read my full disclaimer HERE.

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