Slow Progress is better than No Progress

One of my favourite sayings is ‘Progress equals Happiness’.
The key to happiness is the feeling that you’re making progress. Sometimes we can feel stagnant, like nothing is happening, but it’s important to remember that even slow progress is better than no progress.

If you are focused on making financial progress – whether it be paying down your mortgage each month, accumulating savings or having your Superannuation balance growing – as long as we are moving forward and making progress, we are happy as human beings. All the hard work we do feels ‘worth it’. There is nothing more frustrating in life than working your guts out, only to be spinning the wheels financially and not moving forward.

The secret to progress – especially financially – is to make sure
that everything is automated for you because we are our own worst enemy and can put things off until it’s too late. If we can have our finances automated it just allows us to focus on the beautiful things in life, such as spending quality time with family/ friends and doing the things we love, rather than stressing over money, or lack of it.

To make progress, the simplest way is to automate the savings component of your life so you feel like you’ve got emergency funds as well as a little buffer. The Money Management Program does this with your home loan, but there’s also a way you can do it with your everyday spending.

The Raiz Invest App does just that

If you haven’t already, please download this app on your phone now. Raiz (formerly Acorns) is phenomenal as it’s going to help you automatically save every single bit of spare change you come across whenever you use your everyday Debit card.
With this App, every time you are spending you are now investing.

If you think of the days when we used to have a piggy bank and all the spare change – 50c, 20c, 10c pieces – we’d always put them in the piggy bank whenever we got home. After a while all this spare change added up to a fair bit! We’d take our piggy bank down to the bank and always be surprised by how much was actually in there!

Raiz Invest is your digital piggy bank!

It helps you by setting aside that ‘spare change’ every single time you tap your debit card. It then goes into an investment account in your name, that you can see and touch at any time. The way it works is; if you buy a coffee for $4.80, Raiz will round it up to $5.00 and take the $0.20c and invest it for you. You can also choose to transfer an additional amount each month if you really want to see your savings grow!

This app is great for people who are wanting to save for their kids’ education or a car for when they turn 18. It’s also great for people wanting to save for that Christmas fund, travel fund and for people who just want an emergency fund available to them for whatever reason.

Raiz invests your money into the Top 200 stocks in Australia, the Top 500 stock in the USA and the Top 50 stocks in Europe.

This way your money is not just sitting in a bank account doing nothing for you. Putting your money into an investment account is a better option; you can see and touch it at any time and it will slowly grow – not to mention the huge amount of compound interest that is going to take charge over time if you leave those funds in your Raiz account.

One thing I have learnt is that it’s not how much you invest, it’s not what return you get on your investments, it’s simply the frequency that you invest.

What Raiz does is invests every single day of your life for you. So you have the peace of mind knowing you can have the money back at any stage, but you’ll never notice the small change going into your Raiz account. It’s accumulating and growing for you automatically.

I personally have been on Raiz for the past 2 years and it’s been so impressive. I know that if you get this App on your phone and start building up your savings, even when things feel as though they’re moving slowly, watching this build will give you that happy feeling of making progress and it will be so worth it!

Scott Parry

*Comparison rates are calculated on the basis of secured credit of $150,000 over a 25 year term. Please note this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.