How Investing Just $100 Per Month Can Give Your Nest Egg a Serious Boost

MarsBars/iStock via Getty Images Plus
MarsBars/iStock via Getty Images Plus

If you have $100 to spare, you may want to consider investing it instead of spending it immediately. Later down the road, your frugality will be rewarded with a nice chunk of cash that you can use when you retire.

Start investing today and a $60,000 investment could turn into a nest egg of $522,000 in 50 years, according to an analysis by The Motley Fool, a financial services company. Even if you don’t have half a century to wait, a $12,000 investment will grow an extra $5700 over the course of 10 years, netting you $17,700. Not a bad return for just $100 a month.

What this all comes down to is compound interest, which is essentially earning interest on top of interest. Calculating that the market returns about 7 percent per year, adjusted for inflation, The Motley Fool explains what this would mean for someone who invests $100 a month:

“That means the $1,200 you invest in year one will be worth $84 more in year two. When year three rolls around, that original sum will gain even more—roughly $90—because the interest from the previous year will grow as well. That might seem like small stuff, but over time, the effects can be astounding.”

You can see this at work with bank accounts that pay interest, but compounding also affects other types of investments, like stocks. Many stocks have dividends, which are payments corporations disburse to investors each quarter—say, 50 cents per share. When you receive dividends, you can reinvest that money, using it to buy new stock shares. Each of those new shares then pays its own dividend, growing your money exponentially over time.

However, the financial service agency says you shouldn’t start investing until you’ve paid off all high-interest debt—like credit card debt—and established an emergency fund with enough money to cover your basic expenses for three months if you happened to lose your job. Once that's settled, you can start putting some of your extra earnings into an investment account, like a 401(k) or IRA. (The company also offers some tips on how to set up a brokerage account, and how to figure out which type of account is best for you.)

Ready to start building up that nest egg? Check out Mental Floss’s 15-minute guide to how you can start investing today.

[h/t The Motley Fool]

The New Apple Watch SE Is Now Available on Amazon

Apple/Amazon
Apple/Amazon

Apple products are notorious for their high price tags. From AirPods to iPads to MacBooks, it can be difficult to find the perfect piece of tech on sale when you are ready to buy. Luckily, for those who have had their eye on a new Apple Watch, the Apple Watch SE is designed with all the features users want but at a lower starting price of $279— and they're available on Amazon right now.

The SE exists as a more affordable option when compared to Apple's new Series 6 line of watches. This less expensive version has many of the same functions of its pricier brethren, except for certain features like the blood oxygen sensor and electrical heart sensor. To make up for the truncated bells and whistles, the SE comes in at least $120 cheaper than the Series 6, which starts at $400 and goes up to $800. The SE comes with technical improvements on previous models as well, such as the fall detection, a faster processor, a larger screen, water resistance, and more.

Now available in 40mm ($279) and 44mm ($309), both SE models offer a variety of colors to choose from, such as sliver, space gray, and pink. If you want cellular connection, you’ll have to pay a bit more for the 40mm ($329) and the 44mm ($359).

For more, head to Amazon to see the full list of offerings from Apple.

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More Than 650 New Words Have Been Added to Dictionary.com—Here Are 50 of Them

Online dictionaries can add words a little more quickly than their printed counterparts.
Online dictionaries can add words a little more quickly than their printed counterparts.
Pisit Heng, Pexels

Back in April, Dictionary.com updated its lexicon with a number of terms that had sprung up seemingly overnight, including COVID-19, novel coronavirus, and even rona. Now, as a testament to just how fast language evolves, the online dictionary has added 650 more.

Though the terms aren’t all quite as new as rona, they’ve all recently become prevalent enough to warrant their own dictionary entries. And they’re not all related to public health crises, either. New slang includes amirite, a truncated version of Am I right?; and zhuzh, a verb meaning “to make (something) more lively and interesting, stylish, or appealing, as by a small change or addition” (it can also be used as a noun).

There’s a handful of phrases that describe pets used for service or therapy—assistance animal, comfort animal, and emotional support animal, among others—and a couple that help capture the sometimes bizarre landscape of modern parenting. Sharent, a portmanteau of share and parent, refers to the act of chronicling your child’s life on social media (or a parent who does it); and extravagant methods of publicly announcing an unborn baby’s gender are now so widespread that gender reveal is a dictionary-recognized term. Some terms address racist behaviors—whitesplain and brownface, for example—while others reflect how certain people of color describe their specific ethnicities; Afro-Latina, Afro-Latino, and Afro-Latinx each have an entry, as do Pinay, Pinoy, and Pinxy.

In addition to the new entries, Dictionary.com has also added 2100 new definitions to existing entries and revised another 11,000 existing definitions—making it the site’s largest update ever. Black in reference to ethnicity is now a separate entry from the color black, and lexicographers have also combed through the dictionary to capitalize Black wherever it appears in other entries. They’ve also replaced homosexuality—now often considered an outdated clinical term with a negative connotation—with gayness in other entries, and addict with a person addicted to or a habitual user of. In short, people are constantly making language more inclusive and sensitive, and Dictionary.com is working to represent those changes in the dictionary.

Take a look at 50 of Dictionary.com’s new words and phrases below, and learn more about the updates here.

  1. Af
  1. Afro-Latina
  1. Afro-Latino
  1. Afro-Latinx
  1. Agile development
  1. Amirite
  1. Assistance animal
  1. Battle royale
  1. Bombogenesis
  1. Brownface
  1. Cap and trade
  1. Comfort animal
  1. Community management
  1. Companion animal
  1. Conservation dependent
  1. Conservation status
  1. Contouring
  1. Critically endangered
  1. DGAF
  1. Dunning-Kruger effect
  1. Ecoanxiety
  1. Emissions trading
  1. Emotional labor
  1. Emotional support animal
  1. Empty suit
  1. Extinct in the wild
  1. Filipinx
  1. Filipina
  1. Gender reveal
  1. GOAT
  1. Hodophobia
  1. Information bubble
  1. Ish
  1. Jabroni
  1. Janky
  1. MeToo
  1. Natural language processing
  1. Nothingburger
  1. Off-grid
  1. Pinay
  1. Pinoy
  1. Pinxy
  1. Ratio
  1. Sharent
  1. Swole
  1. Techlash
  1. Therapy animal
  1. Whitesplain
  1. World-building
  1. Zhuzh