The $100 plan
One of the keys to successful investing is to make a habit of it, regularly tucking cash away to get the benefit of compounding returns over time. Investing just $100 a week can see you accumulate $48,000 over 10 years – and over time, the returns your money earns do more of the heavy lifting to grow the balance. This assumes an average return of 6.5 per cent per annum.
Effie Zahos, money commentator at Canstar and Channel Nine’s Today, looks at five ways to invest $100 weekly for various life stages and goals.
#1 You have a home loan
Interest rates are at
