what's up my friends it's Bob each and every day I inspired people to live their best sweet life
let me help you let's get started with today's video on the Stash app review so before I get
to today's video you're watching the sweet life Channel and this year I'm taking an overall look
into what creates an ultimate sweet life not just fitness and health but also a financial health as
well in order living your best life spending time with your family getting everything lined
up so you can't look back and say damn I live a good sweet life that is my goal and all I ask for
you would be a great like on this video I got to hit that like button I'd really appreciate it and
I hope this video is helpful for you let's get to it what is that well for the last year or so
I've been invested in this Stash I've been using this Stash invest app. Stash is basically a an app
a way that you can start with investing now this is I would say this is the kind of thing that if
you're looking at getting started with investing if you're like hey I kind of want to dabble in the
market but I'm a little bit nervous about these big companies and and this whole stock market
trading thing and it it's all very confusing I think things like the Stash wrap are a great way
to get started to learn a little bit more but I want to show you some of the good stuff some
of the bad stuff and give you my full review of this app Stash simply put is the ability for micro
investing that's what that means micro investing although I guess if it's micro investing that that
font should be a little bit smaller there we go there we go micro investing that basically means
that you have a variety of ETFs or individual stocks if you want and you can buy a fraction
of that stock you don't have to spend an entire amount to get anything traded so for example what
I do every week is I put $5.00 automatically from my bank account into the stash up automatically
it's just set up to transfer five bucks in and then I invest that five bucks into a variety of
ETFs a few inch of individual stocks which I'll get to in just a moment and that's as simple as
that so it's basically like instead of getting my a cup of Starbucks coffee I invest in the stash
up it's only one cup of coffee yeah just one day with that your Starbucks and as you see right here
on the screen right now five hundred and fifty five dollars is how much I put in so that's my
auto stash impact wait down below there you see it says set schedule five dollars on January 31st
that's the next Friday coming up right five bucks every single Friday but here's the impact of this
this 555 if I go to my main home eight hundred and eight dollars is how much I have in this account
so I don't know about you make it three hundred bucks it's kind of a cool idea in my opinion and
the reason that that's not only growth but that's also dividend so they pay out dividends which is
basically the company giving you some extra money is the layman's terms of it for investing in their
individual stock Rita yeah once the money comes in I'll go over here and you'll see right now
it doesn't have anything but right there where it says cash to invest it'll have five dollars every
single Friday five bucks serves up and then I kind of look at how things are going and I throw five
bucks towards whatever I'm interested in what's really neat about stashes you have two different
options you can invest like I said earlier in the individual stocks AT&T as you see here you
have the Adobe there's a derby if you know about that Microsoft Apple Comcast BJ's the list goes
on and on those are the individual stocks now one thing I would recommend a little bit of a
thing to think about is individual stocks can be a little bit of a wild child and all those eggs are
in one basket one company alone so what I like to do is instead of just saying again we'll put
all my money in one company alone I like to look a lot more toward the combined ETFs what I mean by
that is if you go over here you can see things like this balance see it says aggressive mixed
blue chips by some of America's most well known companies that's important because if you want to
get like the individual stocks you can do that but if you want to get an overall and get like
a little piece of each one of them get something like this where you can have a piece of everything
if you're passionate about anything in particular I would really look to go into the belief section
and throwing five bucks into one of these things and by the way every single week you can invest
differently you can go and say okay this week I'm going to do the right thing and then maybe you're
let's see let's say you are interested in robots arising you're very interested in robots you want
to learn a little bit more about that maybe the next week you throw five bucks into the robots
rising and then basically what you do is you keep investing in all these different things diversify
if you have not heard that word before you want to diversify your funds and simply part this is
your ability to do this so let me go through where I stand and where I have my money invested so here
are some of the things that I invest in on the stache act I'm gonna click over here I'm gonna
scroll down all right so I do have an individual stock in Comcast I have blue chips right now 66
bucks and then you can see how much you invested in that so 55 93 is how much money I put into it
and it grew about nineteen point four eight percent to where it sits today it's sixty
six dollars and eighty three cents American innovators copy the experts I definitely like
that huh delicious dividends and I'll tell you that delicious dividends if you want to get the
stash out that's a good one they do pay off some nice dividends and what I do is I take
that and then I just reinvest it back into this particular ETF so forty to sixty two is what I
invested there I have a total of fifty ten as of today now remember in a stock market it's gonna
go up and down and up and down we are not here to get rich overnight if you're thinking about
doing stats because you think you're gonna put in five bucks and become a millionaire
tomorrow you are in the wrong mindset my friends what we're gonna do when it comes down to living
the sweet life is looking ahead 20 30 40 years from now when everybody else still has to work
and we're able to retire and have a great great nest egg to be free and feel good and travel and
have a badass life oh that's called the sweet life so you got to remember that guys this is
about long-term don't get so nervous when their fingers down and you're losing some money and
they're like oh god yesterday was eight hundred nine dollars now seven hundred and ninety seven
and I'm losing I don't worry about that because before you know it give it a couple weeks it's
gonna go back up plus some more that's just how the stock market works one thing I'm gonna do
is you can see right here I have Apple okay so I invested 10 bucks it grew to 17 37 I am on a
verge I'm gonna actually go through and kind of reinvest I'm gonna sell some of these individual
stocks and go back into some ETFs so if you like this video what I plan on doing is keeping you
updated on my stash app and letting you know how my particular portfolio is working out and give
you some insider information as to how I'm moving my money around so that I can maximize my overall
return in the stock market so more to come on all that but I am planning to do that actually this
week sometime I'm going to be rebalancing some of this money but again it makes it super easy
with stash to get started and be smart now I am a Dave Ramsey follower and I think it's important
to note what is Dave Ramsey think about something like stash well micro investing he says it himself
micro investing is not something you want to get into if the rest of your financial house is all
over the place if you're massively in debt if you still need to pay off your debt if you still are
trying to figure things out with your income if you don't have an emergency fund saved up start
with that first don't go right into a stash app and start investing money that you don't need to
invest take the five bucks a week and throw it toward debt so you don't have any payments and
you don't have to pay anybody and basically go to work to pay somebody off okay get out
of that mess and then you can get into the stash so one thing he does warn you about there with
any type of micro investing app you are gonna get micro returns this isn't like the main full-blown
stock market because again you're buying fractions of the stock okay and when you do that of course
you're going to grow a little bit slower over time so make sure that you're also investing in
Roth IRA age and individual retirement accounts and other different opportunities to ensure that
overall you're well diversified and you have a great future ahead of you there are some things
to think about not only you know the five dollars that you transfer in every single week you simply
invest that into whatever you want there is a little bit of a fee that comes with the stash
app so the beginner which is what I do and by the way I only do for the investment I don't have the
retirement account or the debit card to me that just doesn't seem worth it in my own opinion so
I'm only using this for the benefit of taking my cup of coffee and translating it into the stock
market so you can see here a beginner it's one buck a month it's a dollar a month some people
have said that they feel that that is expensive you know what at the end of day I don't like care
a dollar a month isn't gonna kill me and if it's gonna kill you ya gotta look at where your budget
is because another month is should not wreck your life apart so a dollar a month there's no
other hidden fees there's no annual fees there's nothing else after you hit five thousand dollars
or more in your stash account then it changes from one dollar a month to 0.25 percent per
year of all assets so that's about 1250 a year so instead of twelve dollars a year becomes $12.50 a
year but you got five thousand dollars so you're growing my friend and that's what it's all about
so again if you're looking for something that gives you the opportunity to really grow your
assets to start if you're confused about the investments start here again it's been super
easy for me and I can't wait to share with you how my investments grow with this - app so if you're
interested in getting this are you gonna do click the link below and if you sign up with that link
you'll get five three dollars once you invest your first five and start the stash app I'll
also get $5 so we'll partner together we'll get some money out of this which five bucks you can
decide what you're gonna spend it on first it's free it's a free $5 but most important if you
have questions on how this works that I didn't answer you all you have to do is comment below
guys comment below ask me your question I'll do my very best to answer them or point you in the right
direction of where to get that answer that you're looking for so Stash app it's a great opportunity
it's micro investing if you're worried about would Stash ever go on a business well if they go on a
business this is protected by the s I PC so it's just as well protected as your bank account but
I don't think there's any risk of them going out of business but if you do have that in the back
of your mind don't worry it is protected with the SI PC was this video helpful if was give me that
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above all each and every day live your sweet life have an awesome day and we'll see you next time