Stack of coins growing, showcasing simplicity for beginner investing
Stack of coins growing, showcasing simplicity for beginner investing
Stack of coins growing, showcasing simplicity for beginner investing

Harvesting Wealth: The Power of Gratitude

As we gather around the Thanksgiving table, it’s a time to reflect on what we’re thankful for. With over 62% of Americans living paycheck to paycheck, it’s easy to be preoccupied with what we think we need*. However, at Beanstox, we see a transformative power in gratitude, not just for our well-being, but also for our financial health. Keep reading to see what we mean, and how this concept can help.

As we gather around the Thanksgiving table, it’s a time to reflect on what we’re thankful for. With over 62% of Americans living paycheck to paycheck, it’s easy to be preoccupied with what we think we need*. However, at Beanstox, we see a transformative power in gratitude, not just for our well-being, but also for our financial health. Keep reading to see what we mean, and how this concept can help.

A Path to Financial Well-being

Gratitude is more than simply being happy. It is a way of thinking that can help your financial health. Being grateful for what we have can make us less hungry to have “more” and can save us from useless impulsive purchases. Kevin O’Leary, Beanstox Chairman, advises a simple yet effective approach: “Every time you buy something, ask yourself, ‘Do I really need this?’ This question alone could help people save 15% of their hard-earned money. Then, by investing these savings, which could compound at an assumed 7% annual return over time, even those earning an average income could retire as millionaires**.” This discipline starts with gratitude. By appreciating what we already have, we can resist the urge to buy more and instead, save and invest a greater portion of our income, building wealth over time.

Building Wealth Takes Time

Financial independence is a normal goal and involves having enough income or wealth to pay for the things you need. Of course, the more you decide you “need” the longer it may take to reach the required level of income and wealth. Although it is probably obvious, many people forget to reduce what they decide they “need”.  However, doing so would let them save more, invest more, and achieve financial independence sooner in life. Achieving financial independence takes time, and requires patience and perseverance. Practicing gratitude helps us stay grounded and patient, understanding that building wealth is a gradual process. It shifts our focus from immediate gratification to long-term goals.

Redefining Needs and Wants

Although some people really do need more income to cover real “needs,” for many people, reevaluating needs and wants can be a game changer. More isn’t always the answer. By being grateful for what we currently have, we can clearly distinguish between our needs and wants, helping us make better financial decisions.

Beanstox and Gratitude

Beanstox has recently introduced two free1 services to help get you started:

  • Power Savings: Lets you skip the banks and earn over 5% by investing in T-Bill ETFs².

  • Stocks 500: Your fast track to owning the stock of 500 leading US companies by investing in S&P 500 tracking ETFs³.

This Thanksgiving let’s toast to gratitude – our secret ingredient for a prosperous future.

We thank you for reading and would be pleased to receive your comments at info@beanstox.com.


Source:

*CNBC
“62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds”. October 31, 2023.
**Salary assumptions support by Bureau of Labor Statistics as mentioned in Forbes
“Average Salary By State In 2023”, August 23, 2023. Average annual salary nationwide: $59,428. Average monthly salary nationwide: $4,952. Assumes investing 15% of monthly salary: $740 / month over 40 years at an assumed annual rate of return of 7%, compounded each month, and assuming the funds stay invested throughout the investment period, resulting in a portfolio value over $1,900,000.
Returns are hypothetical annualized returns, assuming a properly diversified investment portfolio. Performance is provided for illustrative purposes, and it is not indicative of past performance or any Beanstox portfolio or any client’s experience using the Beanstox App. The returns do not reflect fees or the cost associated with investing. Content is meant for education purposes on the power of compound interest over time, and it is not intended to be taken as advice or a recommendation for any specific investment product or strategy.

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Woman saving money with Kevin O'leary lesson

Next time you’re about to make an impulsive purchase, think about the long-term benefits of investing that money instead. The power to transform your financial future lies in your hands, and Beanstox is here to help you along the way.

Woman saving money with Kevin O'leary lesson

Next time you’re about to make an impulsive purchase, think about the long-term benefits of investing that money instead. The power to transform your financial future lies in your hands, and Beanstox is here to help you along the way.

Woman saving money with Kevin O'leary lesson

Next time you’re about to make an impulsive purchase, think about the long-term benefits of investing that money instead. The power to transform your financial future lies in your hands, and Beanstox is here to help you along the way.

When the stock market drops by 10% or more, it's natural to feel worried. However, instead of selling your investments, there are good reasons to consider buying more.

When the stock market drops by 10% or more, it's natural to feel worried. However, instead of selling your investments, there are good reasons to consider buying more.

When the stock market drops by 10% or more, it's natural to feel worried. However, instead of selling your investments, there are good reasons to consider buying more.

Unless indicated differently, data is as of 06/30/2024.


*Disclosures

1. Pricing: Free with Beanstox Simple. Learn About Pricing.

2. Power Savings: As of June 30, 2024, traditional US Savings Account Rate: 0.45% (YCharts); T-Bill yield: 5.20% (YCharts); 5% based on the 30-day SEC yield of the Beanstox short-duration bond portfolio ETF constituents; the 30-day SEC yield is a standard metric defined by the U.S. Securities and Exchange Commission (SEC) and reflects the dividends and interest earned during the period after the deduction of the ETF’s expenses. There are no assurances that this yield will be sustainable in the future. This product invests in one or more ETFs. Results may vary due to expenses and other factors. T-Bill yield as of 06/30/2024 is 5.20%. Source YCharts.

3. Stocks 500: Where applicable, as of June 30, 2024, S&P 500 return assumes an initial $1,000 investment, 40-year annualized return of 11% (Source: Bloomberg Finance LP). It is not possible to invest directly in an index. This product invests in an ETF aiming to track the S&P 500’s performance. Results may vary due to expenses and other factors. Returns before ETF fees. Diversification is not a guarantee of profit or protection against loss.

4. Wealth Builder: Saving $400/month over 40 years, but not investing and assuming no interest accrual, would accumulate $192,000; however, investing the same $400/month, could add up to over $1million over the same period of time. This projection illustrates a hypothetical example of compounding over time, based on an investment of $400 per month for 40 years with an assumed annualized returns of 7% or more, compounded monthly, assuming the funds stay invested throughout the investment period.

5. All corporate logos are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

6. App store rating is as of June 30, 2024, and is based upon all ratings and reviews received by Apple App Store and Google Play Store (collectively, the “App Stores”) submitted since the Beanstox app was available on each App Store. Current rating can be found on Beanstox’s app preview in each App Store and is subject to change. App Store rating is generally calculated and generated by each App Stores based on the average of all total Beanstox app ratings. No compensation was exchanged for reviews or ratings. Rating may not be representative of the Beanstox client experience, advisory services, or investment performance. For more information, see more reviews at the App Store and Google Play Store

Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and risk tolerance levels and Beanstox’s charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations or solicitations to hold, buy or sell any investment or security of any kind. Beanstox’s internet-based advisory services are designed to assist clients in achieving investment goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2A and Part 3 CRS and other disclosures.

All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future results. Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2024 Beanstox Inc.


Copyright © 2024 Beanstox. All Rights Reserved

Unless indicated differently, data is as of 06/30/2024.


*Disclosures

1. Pricing: Free with Beanstox Simple. Learn About Pricing.

2. Power Savings: As of June 30, 2024, traditional US Savings Account Rate: 0.45% (YCharts); T-Bill yield: 5.20% (YCharts); 5% based on the 30-day SEC yield of the Beanstox short-duration bond portfolio ETF constituents; the 30-day SEC yield is a standard metric defined by the U.S. Securities and Exchange Commission (SEC) and reflects the dividends and interest earned during the period after the deduction of the ETF’s expenses. There are no assurances that this yield will be sustainable in the future. This product invests in one or more ETFs. Results may vary due to expenses and other factors. T-Bill yield as of 06/30/2024 is 5.20%. Source YCharts.

3. Stocks 500: Where applicable, as of June 30, 2024, S&P 500 return assumes an initial $1,000 investment, 40-year annualized return of 11% (Source: Bloomberg Finance LP). It is not possible to invest directly in an index. This product invests in an ETF aiming to track the S&P 500’s performance. Results may vary due to expenses and other factors. Returns before ETF fees. Diversification is not a guarantee of profit or protection against loss.

4. Wealth Builder: Saving $400/month over 40 years, but not investing and assuming no interest accrual, would accumulate $192,000; however, investing the same $400/month, could add up to over $1million over the same period of time. This projection illustrates a hypothetical example of compounding over time, based on an investment of $400 per month for 40 years with an assumed annualized returns of 7% or more, compounded monthly, assuming the funds stay invested throughout the investment period.

5. All corporate logos are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

6. App store rating is as of June 30, 2024, and is based upon all ratings and reviews received by Apple App Store and Google Play Store (collectively, the “App Stores”) submitted since the Beanstox app was available on each App Store. Current rating can be found on Beanstox’s app preview in each App Store and is subject to change. App Store rating is generally calculated and generated by each App Stores based on the average of all total Beanstox app ratings. No compensation was exchanged for reviews or ratings. Rating may not be representative of the Beanstox client experience, advisory services, or investment performance. For more information, see more reviews at the App Store and Google Play Store

Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and risk tolerance levels and Beanstox’s charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations or solicitations to hold, buy or sell any investment or security of any kind. Beanstox’s internet-based advisory services are designed to assist clients in achieving investment goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2A and Part 3 CRS and other disclosures.

All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future results. Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2024 Beanstox Inc.


Copyright © 2024 Beanstox. All Rights Reserved

Unless indicated differently, data is as of 06/30/2024.


*Disclosures

1. Pricing: Free with Beanstox Simple. Learn About Pricing.

2. Power Savings: As of June 30, 2024, traditional US Savings Account Rate: 0.45% (YCharts); T-Bill yield: 5.20% (YCharts); 5% based on the 30-day SEC yield of the Beanstox short-duration bond portfolio ETF constituents; the 30-day SEC yield is a standard metric defined by the U.S. Securities and Exchange Commission (SEC) and reflects the dividends and interest earned during the period after the deduction of the ETF’s expenses. There are no assurances that this yield will be sustainable in the future. This product invests in one or more ETFs. Results may vary due to expenses and other factors. T-Bill yield as of 06/30/2024 is 5.20%. Source YCharts.

3. Stocks 500: Where applicable, as of June 30, 2024, S&P 500 return assumes an initial $1,000 investment, 40-year annualized return of 11% (Source: Bloomberg Finance LP). It is not possible to invest directly in an index. This product invests in an ETF aiming to track the S&P 500’s performance. Results may vary due to expenses and other factors. Returns before ETF fees. Diversification is not a guarantee of profit or protection against loss.

4. Wealth Builder: Saving $400/month over 40 years, but not investing and assuming no interest accrual, would accumulate $192,000; however, investing the same $400/month, could add up to over $1million over the same period of time. This projection illustrates a hypothetical example of compounding over time, based on an investment of $400 per month for 40 years with an assumed annualized returns of 7% or more, compounded monthly, assuming the funds stay invested throughout the investment period.

5. All corporate logos are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

6. App store rating is as of June 30, 2024, and is based upon all ratings and reviews received by Apple App Store and Google Play Store (collectively, the “App Stores”) submitted since the Beanstox app was available on each App Store. Current rating can be found on Beanstox’s app preview in each App Store and is subject to change. App Store rating is generally calculated and generated by each App Stores based on the average of all total Beanstox app ratings. No compensation was exchanged for reviews or ratings. Rating may not be representative of the Beanstox client experience, advisory services, or investment performance. For more information, see more reviews at the App Store and Google Play Store

Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and risk tolerance levels and Beanstox’s charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations or solicitations to hold, buy or sell any investment or security of any kind. Beanstox’s internet-based advisory services are designed to assist clients in achieving investment goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2A and Part 3 CRS and other disclosures.

All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future results. Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2024 Beanstox Inc.


Copyright © 2024 Beanstox. All Rights Reserved