I Invested $5 a Day for 2 1/2 Years. Here's What Happened.

Do you find yourself stuck trying to invest but don’t have a lot of money to spare? Trust me, I’ve been there too. Two and a half years ago, I started investing just $5 a day to see if small investments could grow into something worthwhile. Today, I’m sharing the results of that journey and showing you how you can turn $5 into $1.6 million.

🌟 Key Insights:
📊 My Portfolio Update:
Investing in the Vanguard S&P 500 index fund, I now have 11.49 shares with an average cost of $396.67, currently valued at $5,735.77 with a 25.84% return.

💰 The Power of Small Investments:
Using investment apps that allow fractional shares, you can start investing with as little as $5. Consistency is key, and over time, even small amounts can grow significantly.

🌱 Second $5 Investment:
I also invested in Ethereum, growing my $5 daily investments into a balance of $8,309, with a 90.23% return.

🔍 Calculating Growth:
Learn how the Rule of 72 helps you estimate the doubling time of your investments. For example, with a 10% return, your money could double every 7.2 years.

💡 Discussion Points:
🤔 How to find small amounts in your budget to invest.
📈 The importance of staying invested through market ups and downs.
🧠 Understanding the long-term benefits of small, consistent investments.

🌟 Join me as I delve into my investment journey and provide actionable tips to help you start investing today, even with a small budget.

📢 If you found this video helpful, share it with others, and don’t forget to subscribe for more investing tips and financial insights. Ready to learn more about turning small investments into significant wealth? Check out our next video for detailed advice and strategies. See you there!

#financialeducation #financialindependence #5aday

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[shwn]

Opened an account and invested daily when I turned 18. Now I’m 19 with $1, 800 invested and growing.

[admistyt]

im 17 and started investing 1 year ago. im at $900 invested and growing right now.

[formerlyknownashammerofthegods]

I’m 56 and started investing in August 2022. Today, I’m just about to hit 18k in my portfolio with just about 1, 100 in yearly dividend income. Never too late to start.

[hund]

I am 51. I put 4 grand into an ETF about 6 weeks ago that trades on the Australian stock exchange (because that is where I am) and am adding in 10 bucks a day ($140 a fortnight). It is not enough, but its a start and it is better than not starting. Bob, you motivated me to take this first step. I feel better about the future knowing that I have made a start. I thank your sir for that motivation. They really should teach this in high schools. I certainly wish I had learned about basic investing in high school instead of crap that is useless to me now.

[ayay]

I started buying fractional shares about a year ago after watching his video. One day I accidentally bought 10 shares of VOO instead of $10🤣 It almost gave me a heart attack but it’s 27% up now thank god lol

[moneywithmitko]

Currently 21, $500/mo into a roth ira (VOO, SCHD, VGT) i also started your $5/day challenge w AAPL and am setting $100/mo for crypto

[domoniquera]

After watching countless videos over the years, your explanation finally made everything click! They (i.e. all the finance gurus) tell us to invest early, but never truly show HOW to. Just you breaking down the Robinhood app made everything make sense. Thank you!!

[dansal]

These are the videos I wish I saw when I was younger, always felt I needed a lot to invest and was scared away.

[JB]

Great video. One very important point to remember: When you retire, youre not going to suddenly pull out at that money. Depending on your needs you'll only be pulling out, typically, 5% to 8% per year. The remaining amount will still be compounding as you get older.

[isaachunt]

60 years old here.
house long paid off.
100k in tech funds.
100k in savings.
doing ok i think for a normal working fella

[griftastic]

I’m 27 and started investing $10 a day into a few different ETFs!

[abcdefgh]

$1.6 million now is worth a lot more than $1.6 million in 20 years, which is worth a LOT more than $1.6 million in 45 years. Need to adjust the desired portfolio amount based on how far away it will be until you intend to use those funds.

[Chris-zgty]

Wish I had done this when I was younger. I only started in my 40's really so it's been very rough trying to make up for lost time. I'm 55 now and about 50% of every check goes into investment, 401k etc.. but I will likely not even hit that 1 million mark because I started too late (unless TSLA and NVDA go nuts or something).

[alphatucanaletsplay]

The reason for continuing to invest as the price falls is because the shares become cheaper as the price falls, so you get more for your money. The risk is that it will go to zero and you'll be out, or it will stay low, but if it doesn't, and goes back up over time, then you have more shares, bought cheaply, that are rising in price. It's known as 'Dollar Cost Averaging' or 'Pound Cost Averaging' in the UK (etc.). The idea really is to buy low and sell high, after all.

[apronacres]

It's been that long already? Wow! I remember when you began this! Keep going!

[Luleph]

I'm 19 put in 20k and up 10k atm, hoping for positive years going forward. (All money from side hustles and work)

[schrodingersmechanic]

I just opened a custodial account for my 13yo daughter and started doing this. Also added her as an authorized user on one of my CC's so she will have perfect credit when she turns 18 and a decent chunk of cash invested.

[kevinberi]

Cool strategy. What are the fees for purchasing . So in other words how much have you been charged for 900 transactions of 5$

[zachjones]

Lowkey it gets “addicting” adding to it too lmfao

[bertramdieterich]

Honestly, your expected "Growth Rate" has to be minus the average inflation to get a better picture of what you're ending up with. 1.6mio is still a lot of money in 25 years, but well ... not comparable to 1.6 mio today :-)