Michael Ecke is a mortgage professional - NMLS # 1439805, entrepreneur, businessman, and founder of Prosperment. As a current employee of a Fortune 50 company, Michael is dedicated to ensuring the utmost attention to detail and quality control. Michael provides executive oversight and direction to Prosperment and its sister companies. Michael brings to his position the business foresight and acumen required as Prosperment continues its remarkable growth.
I believe highly that anyone can grow wealth. One of the biggest mental challenges is "I don't have enough money to invest," this is a challenge that popular micro investing app Acorns has tackled successfully.
What is Acorns & how does it work?
Acorns is a financial service that helps you invest your money. Acorns enables you to start early, invest often, and feel secure about your financial future. Acorns helps you save & invest spare change from your everyday purchases and invest into a diversified portfolio of stocks and bonds. You can easily get started in minutes: anytime, anywhere. Every dollar you invest is automatically diversified across 7,000 stocks and bonds to help improve your return while reducing risk.
Acorns app offers many way to save:
For the micro-savings category, we think Acorns is one of the best services available. Acorns is a good start if you have little to invest or need a nudge to start investing without affecting your quality of life, though the monthly deposits are way too small to be considered a serious method for saving towards retirement.
Betterment is a better option for larger deposit amounts with lower annual fees. In response to Acorns’ micro-savings service, Betterment has SmartDeposit, automating investing once your bank account is above a specified dollar amount. However, there is nothing stopping you from using both Acorns & Betterment to boost your savings. Ultimately, most individuals don’t save enough for a rainy day, and Acorns will help start you down this path.
Join over 3,000,000 people who have started to invest in their future!