What Can $1 Do? - Saving vs. Investing [Enough is Enough]
Emily & Clark's Adventure
Hi! We are Clark and Emily, living small and intentionally together (currently aboard our 50-year-old sailboat, S/V Temptress, which we fix and maintain ourselves). This is our adventure. Here we share monthly Aventure Logs, Intentional Life Philosophy, Capable Cruising Guides to help other boaters select equipment and supplies, and regular old moments in our life (including music, laundry, and the like).
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Part of “Enough is Enough” is understanding INVESTMENT THEORY – understanding how to make your money work for you.
Today, we launch the first in our Investment Theory section with an illustration of the following ideas:
– What can happen to $1.00 USD over 30 years if you hold it, save it, or invest it?
– What could happen if you put away $1/day for 30 years?
– What if you upped that to $5/day?
These illustrations are based on actual inflation rates and stock market returns over the past 30 years, and today’s best savings account interest rate as reported by bankrate.com. There is risk involved in investing, and you should do your own research before making financial decisions.
Please comment with any questions, issues, or advice you have for us and our viewers. We will continue releasing videos in this series at least once per month. Stay tuned!
ACCESS THE SPREADSHEETS
You can download, share and edit the spreadsheets and graphs in this video by visiting our Patreon page and giving at least $5. https://www.patreon.com/posts/27480875
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