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Benzinga
Benzinga
Business
Marc Guberti

Is It Possible To Start Saving At 40 With $1,000? Reddit Shares How To Get Started

Reddit on iPhone

The earlier you start to save money, the more time you have for your portfolio to compound. However, even if you didn't start in your 20s and 30s, it is never too late to start building wealth.

A 40-year-old with $1,000 recently turned to Reddit for some advice about saving money and accumulating wealth. The Redditor wasn't happy with how the bank handled an investment inquiry the previous year and is considering a Roth IRA or a high-yield savings account. Redditors rushed into the comments to share their suggestions.

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