Micro investing? Go big, or go home

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  • Making plans: micro investing is not the best way to go about building your wealth or retirement fund, advises Dave Ramsey

    Making plans: micro investing is not the best way to go about building your wealth or retirement fund, advises Dave Ramsey

Dear Dave,

What is your opinion on micro investing apps?


Dear Tammy,

Honestly, Iím not a big fan of micro investing apps. As you probably know, the word ďmicroĒ means small. So why would you want to mess with something like that? Are you going to have a micro retirement? Do you want to be micro wealthy? I donít. I want to be really wealthy with a big retirement and a big life full of outrageous giving.

Itís fine if you want to give micro investing apps a try. Iím not going to be mad at you or anything like that. But these things function kind of like deals where the marketers say you get one per cent back. Itís like credit cards, where silly people spend $100,000 in order to get $1,000 in brownie points.

Youíve got to do more than micro, because micro means what it says ó small. I guess you could argue that at least youíre doing something, but if thatís your only plan you should prepare to be pretty hungry during retirement.

When it comes to investing, why not go big? Go big, or go home!


Dave Ramsey is CEO of Ramsey Solutions. He has authored seven bestselling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 12 million listeners each week on 575 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.

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Published Nov 26, 2016 at 8:00 am (Updated Nov 26, 2016 at 12:13 am)

Micro investing? Go big, or go home

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