I Invested $5 Every Day for 190 Days: Here’s What Happened

In this video, I want to share with you my personal journey into the world of investing and the incredible impact of putting aside just $5 every day. It all started when I came across a theory about how such a small amount, when invested wisely, could lead to substantial long-term growth through compound interest.

I remembered how during my early investing days, it was challenging to visualize the impact of small amounts on my portfolio. But this theory changed everything for me. Imagine spending $5 daily on something like coffee—it might not seem like much, but over 40 years, it truly adds up!

Video Chapters:
0:06 - Introduction
0:22- The Coffee Drinker's Dilemma
0:46 - The Power of Long-Term Investing
1:17 - Personal Investment Journey
1:38 - Funding the $5-a-Day Challenge
1:53 - Implementing the Recurring Buy
3:11 - The Impact of Dollar Cost Averaging
4:13 - Setting Up a Roth IRA
5:59 - Setting Up a Recurring Investment
6:54 - The Best Investment Asset

Inspired by this revelation, I decided to practice what I preach. 190 days ago, I began investing $5 every single day into Vanguard's Total Stock Market Index. I share the results I've seen so far, showcasing the power of dollar-cost averaging and long-term commitment.

One of the most exciting aspects of this challenge is that it hasn't been coming out of my pocket. I set up a well-structured dividend portfolio, and my daily investments are funded by the dividends I receive. I show how these dividends have been increasing, making it easy for me to continue the $5-a-day journey.

Over just six months, I've experienced a remarkable 12% return on my investment. Regardless of market fluctuations, the consistent contributions have been steadily growing my portfolio.

If you're intrigued by this challenge and want to start investing $5 a day, I highly recommend setting up a Roth IRA for tax-free growth. I guide you through the simple steps of opening a brokerage account and setting up recurring investments.

Time is truly the most valuable asset when it comes to investing, and this video is a reminder of the significant potential that lies ahead with long-term commitment and compound interest.

*Disclaimer* I am not a financial advisor. Any and all investment decisions must be made at your discretion. These videos are for entertainment purposes only. Also, some links in the description are affiliate links. They help support my channel without costing you extra money. The promotions discussed in this video are valid as of the posting date. Make sure you check to see if the promotions are still running.

[FindingProfits]

Great video Dalton, very informative.

[johnhenderson]

Started this today with 1 fund and 2 stocks. Going to do this over 6 months and see where I stand before moving on.

[zuozhen]

Young Man, you will be set for life. It’s called Discipline, Consistency, and Patience. You’ll enjoy the fruits of your savings/investments!

[terrie]

16% roth 8% traditional in my 403b and max my ROTH IRA.

After tax and my health insurance deduction, I take home 48% of my wage 😢. It will pay off when I retire.

[joefisher]

New company took over leading to my hours getting cut so my outside investing has temporarily stopped but still got 6% into my roth 401k (plus 4.5% match) and they offer ESPP at a 15% discount so got 1% going to that (little over $50 a month).

[iJayMarley]

Perfect timing I just started investing 25 weekly in vti video gives me hope

[juanbernal]

If I wanted to use my dividend portfolio to mitigate some bills in the future, would i be able to withdraw the dividend payments from the Roth IRA?

[LeosBeats]

When going about choosing a tax free or taxed account, which one do you prefer for short term 1-3 year investments? Not looking to wait until retirement to withdraw

[laurentpedrini]

An interesting experiment, I am curious of the outcome in several months

[tlwayman]

So are you only buying vti now or are you still going to be buying dividend stocks

[iguessitsvin]

I wanna start investing my money but don’t know where to start. Would u prefer Robinhood or acorns?

[AyeItsXander]

Super random question. I just opened up a robinhood account and I plan on investing $5 a day into VOO for however long I’ll be doing it. Do I have to worry about taxes if I keep buying everyday and never sell? Or I’d just have to worry about the dividend payouts VOO gives? I plan to have DRIP on. Hopefully you can give some insight on that, thanks man! Great content! Much love from hawaii dude 🙌🏼

[joshturner]

Buy the coffee, just also invest the $5. $150/month is not difficult to come by.

[kerrywillis]

Sounds great but what about the fees for each daily transaction?

[georgewalker]

It’s been so long you went from smooth as a baby bottom to almost a goatee. 😅

[jeffreyt]

Serious question, why $5 a day and not $150 once a month?

[sexcess]

$200 a week into the S&P 500 fund $FXAIX. Everything else goes into selling options or saving for the next investment house