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Acorns Review – Part 2

TL;DR: I Freaking Love This App

For around 21 Months, I have been using Acorns Investing to put some spare money back.

I started with just the round-ups. With round-ups, Acorns takes the spare change left over from the purchases made with a debit card, credit card, or bank account and automatically invests it into a portfolio that you choose by varying degrees of risk level. They call this spare change “round-ups”. You can choose to round to the whole dollar, or you can even choose to add a multiplier to your “round-ups”. You have the choice between five levels of  a portfolio style, from “conservative” to “aggressive”.

Buying More Assets

This all started when I took a hard look at my budgeting. I read “Rich Dad, Poor Dad“, by Robert Kiyosaki and Sharon Lechter. Short review – It’s ok. It could have been condensed a bit.

I read several more books and listened to some Dave Ramsey, Mr. Money Mustache, and watched popular YouTuber, Graham Stephan. In my opinion, these are valuable because they get to the point quickly.

Long story short:

Buy assets, not liabilities. If you can’t invest in your own businesses or ventures, buy index funds. The end.


After I quit smoking (humble brag), I took the money that I would have spent per week on cigarettes, and set it up to automatically add that amount to my Acorns account.

After some time I have saved up quiet a bit of money, and the performance has been very good. Currently my total gains have been around 4.7%.

I could have done better, but you will see drops where I pulled some of this cash to pay for an engagement ring and a vacation. That at least saved me from paying interest on a credit card.

Below, you will see a portfolio breakdown of how Acorns has invested my cash.

Why Put Your Money Here?

There is a real simple answer to that.

The returns from a savings account are normally around 1%. If you want your money to make money, give Acorns or another investing app a shot. If you start making serious cash, that may be the time to look for a real life financial adviser.

Caleb Humphries

Tech Specialist and Creative Developer. It's all about music, break/fix, network architecture, and old video games with me.