I found $75 sitting in an old savings account. It’s been earning some interest, but we’re talking pennies here. I’m wondering if it’s worth trying to invest this small amount, or should I just leave it where it is?
Is there anything I could actually invest in with just $75? Would it even make a difference long-term? For context, I’ve never had money to play with before, so this is a new opportunity for me. I’d love to hear your thoughts!
If you invest $75 once and never touch it again, it won’t amount to much. But if you start with $75 and consistently add even a small amount, like $25 a month, it could grow into something meaningful over time.
@Pace
Totally agree. Even adding $5 a month consistently could make a difference over the long term.
Hayes said:
@Pace
Totally agree. Even adding $5 a month consistently could make a difference over the long term.
True, but $5 a month over 30 years is only $1,800. That’s not life-changing.
@Pace
Check this out: YouTube video. Small steps can lead to big results.
Rowan said:
@Pace
Check this out: YouTube video. Small steps can lead to big results.
Let me guess—‘hedge funds hate this one trick to massive wealth’?
We all start somewhere! For now, consider putting that $75 in a high-yield savings account or a bond ETF like SGOV. Use it as the start of an emergency fund. Once you’ve built up 6 months of expenses, you can look into investing in something like VOO or VTI for long-term growth.
Honestly, with that amount, it’s better to save it for an emergency or treat yourself unless you’re planning to consistently invest and grow it.
Luca said:
Honestly, with that amount, it’s better to save it for an emergency or treat yourself unless you’re planning to consistently invest and grow it.
I started small too—just $10 or $20 at a time—and over 7 years, I turned $24k into nearly $300k. It takes patience, learning, and a bit of luck, but small steps can grow into something big.
@Keegan
That’s an insane return! Like 43% annually. How did you manage that?
Reid said:
@Keegan
That’s an insane return! Like 43% annually. How did you manage that?
Got lucky with two big investments: one private company returned 13x and a penny stock returned 20x. It’s not all skill—luck played a big part.
@Keegan
Luck or not, that’s awesome! You should be proud.
Janice said:
@Keegan
Luck or not, that’s awesome! You should be proud.
Thank you, I really am!
@Keegan
I totally agree with starting small and building up. My point was more about making sure there’s a plan to keep adding to it. A one-time $75 isn’t going to move the needle.
Luca said:
@Keegan
I totally agree with starting small and building up. My point was more about making sure there’s a plan to keep adding to it. A one-time $75 isn’t going to move the needle.
Got it! Misunderstood you earlier. Totally agree now.
Are you planning to add to the $75 regularly? If not, it might be better to keep it in a high-yield savings account until you’re ready to start investing consistently.
Ellis said:
Are you planning to add to the $75 regularly? If not, it might be better to keep it in a high-yield savings account until you’re ready to start investing consistently.
I can add to it monthly, but I just had to wipe out my savings for a family and housing emergency. Should I rebuild my savings first or start investing now?
@Sage
Definitely rebuild your savings first. Aim for 6 months of expenses in a high-yield savings account before you start investing.
Ellis said:
@Sage
Definitely rebuild your savings first. Aim for 6 months of expenses in a high-yield savings account before you start investing.
That makes sense. I’m seeing that advice a lot here. Thanks for confirming!
Your desire to invest is worth more than the $75 itself. Focus on increasing your income and building a habit of saving and investing. That motivation is 90% of the journey. Keep at it!