Poll: All About the Money 💰

This week, we asked the Invstr Community about their early relationship was to money management. The result, taking almost half the votes, was the 46 percent of Invstrs who were never taught money skills, and wish they had started young. Financial responsibility is arguably one of the most underestimated, necessary abilities needed for adulthood. Earning, saving, and investing money is a vital skill that helps individuals plan for their future, retirement, and their children’s lives; this makes it quite interesting to see that the majority of Invstr’s were never taught how to manage their money. In second place is the 27 percent of Invstrs who claimed that they were taught how to manage their money, and now they will be an investor for life. A little over a quarter were fortunate to learn money skills, and specifically, how saved money can be put to work for different purposes. When learning the basics of financial fitness, one will understand the significance of investing and how it can help you build your generational wealth.

At a close third place, we have none other than the 24 percent of Invstrs who knew about these skills but never put them to practice. Several times, people can become dissuaded from investing for numerous reasons. Whether it is they feel they don’t have enough money to invest or they don’t know where to start, the process can feel a bit overwhelming at first. With a confident mindset and the tools that Invstr provides, one can learn about the basics of investing in Invstr Academy and even start putting that knowledge to good use through Fantasy Finance, growing to a comfortable level to where they can put just $5 into their Invstr+ account. Lastly, we have the 3% minority of small, but impactful Invstr’s who not only excel at their own financial responsibility but have made it a habit to teach others around them the importance of investing. Although it can seem small, the small push you give to beginners around you can mean a lot, starting their careers off on the right track to healthy finances that can last them decades.

What do you think about the importance of learning money skills at an early age? Have fun and see you next time with more poll results!

  • The Invstr Team 🙂

Share:

More Posts

NASA Plans Ahead 🚀

NASA has made significant progress towards testing a new asteroid prevention defense nicknamed DART.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying, holding or investing in digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC.

The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.