Discover how Apple Wallet can simplify your financial transactions and enhance your digital experience. This guide is perfect for beginners looking to make the most of this powerful tool. Click the image below to watch our 11-Min YouTube Video!
Apple Wallet Features for Beginners
Seamless Card Integration
Easily add and manage your credit, debit, and loyalty cards in one place for quick access and convenience.
Secure Transactions
Benefit from advanced security features, including Face ID and Touch ID, ensuring your transactions are safe and secure.
Effortless Payments
Make purchases with just a tap at millions of stores worldwide using your iPhone or Apple Watch.
Apple Wallet FAQs
Explore the most common questions beginners have about using Apple Wallet and find straightforward answers to get started.
How do I add a card to Apple Wallet?
To add a card, open the Wallet app, tap the ‘+' button, and follow the on-screen instructions to add a credit or debit card.
Is Apple Wallet secure?
Yes, Apple Wallet uses advanced security features like Face ID, Touch ID, and passcodes to protect your information.
Can I use Apple Wallet without an internet connection?
Yes, you can use Apple Wallet for payments without an internet connection, but you need a connection to add new cards or update information.
What can I store in Apple Wallet?
You can store credit and debit cards, boarding passes, tickets, rewards cards, and more in Apple Wallet.
How do I use Apple Pay with Apple Wallet?
To use Apple Pay, hold your device near a contactless reader with your finger on Touch ID or double-click the side button for Face ID.
What should I do if I lose my device?
If you lose your device, use the Find My app to lock your device and suspend Apple Pay, or contact your card issuer to suspend your cards.
Experience the joy of cooking with fresh ingredients delivered to your doorstep. Enjoy a special discount and start your culinary adventure today!Join Home Chef today and enjoy $40 off your first order, plus free shipping. Discover the convenience of meal kits...
Our Moneylion referral code is "$YouTube" you can also click the link above!You can also click over to YouTube with the video below (and also check out a few additional Moneylion Tutorial content. MoneyLion offers a range of financial services, and using a referral...
Learn how to delete your honey account with our quick 1.5-minute video tutorial below! If you were also using the browser extension, learn how to remove that from your Chrome here!
Learn how to remove the Honey extension from your Chrome web browser! Click the quick 1-minute YouTube video below.Make sure you also delete your account before or after removing the extension. Learn how to do that here!
Experience cutting-edge technology with Tesla's Autopilot and over-the-air software updates.
Sustainable Energy
Drive with zero emissions and enjoy the benefits of sustainable energy solutions.
Unmatched Performance
Feel the thrill of instant torque and exceptional acceleration with Tesla's electric powertrains.
Advanced Safety
Stay protected with Tesla's top-rated safety features and robust design.
Unlock Your Tesla Discount Today
Don't miss out on this exclusive opportunity to save up to $2,500 on your next Tesla purchase. Click the link below to access your discount code and drive away in your dream car today!
Join millions of users who are growing their wealth effortlessly with Acorns. Start investing spare change today and receive an exclusive $20 sign-up bonus!
Acorns Invest is a revolutionary app designed to simplify investing for everyone. By rounding up your everyday purchases and investing the spare change, Acorns makes it easy to grow your wealth without any hassle.
With features like automated portfolio management, educational resources, and a user-friendly interface, Acorns empowers you to take control of your financial future. Whether you're a beginner or an experienced investor, Acorns provides the tools and support you need to succeed.
Getting Started with Acorns
How Acorns Works
1
Sign Up and Link Your Accounts
Create an Acorns account and securely link your bank accounts to start rounding up your purchases.
2
Round-Ups and Investments
Acorns automatically rounds up your daily purchases to the nearest dollar and invests the difference into a diversified portfolio.
3
Watch Your Wealth Grow
Monitor your investments and watch your savings grow over time. Acorns provides tools and insights to help you stay on track.
Watch our comprehensive video tutorial designed for beginners. This video will guide you through the basics of using the Acorns Invest app, from setting up your account to making your first investment. Perfect for those new to investing!
Watch our 24 Minute video that walks you through every step to make sure you are all set up and ready to start investing.
Sign up for Acorns Invest using our referral link and receive an exclusive $20 bonus. Don't miss out on this limited-time offer to kickstart your investment journey!
Are you tired of settling for low interest rates on your money accounts? It's time to unlock the full potential of your money with the M1 High-Yield Cash Account. This account offers an impressive limited-time offer of 4.50% APY, providing a significant boost to your financial goals.
Want to watch our review? Check our video here directly from YouTube [5 MINS]: M1 High-Yield Cash Account
https://youtu.be/YuAErBnB7vY
Unveiling the Power of M1 High-Yield Cash Account
In this comprehensive guide, we will delve into the details of the M1 High-Yield Cash Account, exploring its features, benefits, and how it can supercharge your money journey.
Security and Peace of Mind
Your financial security is paramount, and the M1 High-Yield Cash Account prioritizes it. With FDIC insurance up to a staggering $3,750,000, you can rest assured that your funds are protected far beyond the traditional $250,000 limit.
No Minimums, High Rewards
Unlike many high-yield accounts that require substantial deposits or even direct deposits, the M1 High-Yield Cash Account welcomes you with no minimum opening balance. This means you can start earning an impressive APY right away, regardless of the amount you initially put in.
Exclusive 5.50% APY Offer
For a limited time, you can access an exclusive 4.50% APY by using our affiliate link here. This boosted rate will apply for three months, giving your savings an extra push. Even after the promotion, your APY will remain at a competitive 4.00%.
Multiple Accounts, Diverse Goals
With the M1 High-Yield Cash Account, you can open up to five accounts (including one joint account), allowing you to tailor your money strategy to your specific needs. Whether you're building an emergency fund, saving for a vacation, or planning for retirement, this account offers the flexibility to accommodate your diverse financial goals.
Track Your Progress, Celebrate Your Success
One of the most satisfying aspects of earning a high yield on your money is witnessing your money grow over time. The M1 High-Yield Cash Account makes it easy to track your interest earnings, both annually and over the lifetime of the account. This feature provides a tangible reminder of your financial achievements and motivates you to continue to deposit more into the account.
Effortless Account Management
Managing your finances should be simple and convenient. The M1 High-Yield Cash Account delivers on this promise with a user-friendly app and website. You can access statements, tax forms, and even your account and routing numbers with ease.
Grow Your Savings Automatically
To accelerate your money progress, you can set up direct deposit to automatically split your paycheck into your High-Yield Cash Account. This “set it and forget it” approach ensures that you consistently contribute to your account without even thinking about it.
Seamless Transfers and Withdrawals
Life is full of unexpected events, and having access to your money is crucial. The M1 High-Yield Cash Account offers unlimited transfers and withdrawals, providing peace of mind knowing that your funds are readily available if an emergency arises.
Integrated Financial Ecosystem
If you have other M1 accounts, such as M1 Invest, you can seamlessly transfer funds between them. This integration simplifies your financial management and allows you to optimize your investment strategies.
Smart Transfers for Automated Savings
With smart transfers, you can set rules for your transfers. For example, you could automatically transfer any interest earned above a certain threshold to another cash account or your M1 Invest account. This automation takes the hassle out of managing your savings and helps you reach your financial goals faster.
Minimal Fees, Maximum Value
For the first three months, you can enjoy the M1 High-Yield Cash Account completely free of charge. Afterward, a nominal fee of $3 per month applies, but this can be waived if you maintain over $10,000 in assets across your M1 accounts or have an active Personal Loan.
Start Earning More Today
Don't let your money sit idle in a low-interest account. Take advantage of this limited-time offer and start earning 5.50% APY on your savings with the M1 High-Yield Cash Account. Click the link here to unlock this exclusive bonus and set yourself on the path to financial prosperity.
Stay Tuned for More M1 Insights
We're passionate about empowering you with the tools and knowledge to achieve financial success. Be sure to check out our M1 Finance Investing review to keep learning right here.
Some of the links included in this post are affiliate links. Read my disclosure policy.
I've been using M1 Finance now for the past eight months and wanted to share my thoughts on the investing platform. I am not a financial advisor and these are just my options, so please make sure to talk to a cpa if needed.
Let's start with some of the basics.
M1 Finance is a low-cost, self-directed online brokerage that offers low-cost trading through its website or mobile app. You are able to buy stocks, ETFs, and bonds. Its business model is similar to other recent investing platforms such as Webull and Robinhood, but with some unique benefits.
Pricing This is the biggest thing to note when it comes to using M1 Finance. It's FREE to trade!!! It offers low-cost trading with a monthly platform fee of $3.00 which is waived for clients who have $10,000 or more in M1 assets at least one day during each billing cycle or an active Personal Loan. There is a 90-day grace period before this fee begins being charged.
I get really excited about that because I remember a time when buying or selling a stock was upwards of $9.95 a trade, YIKES! So this is a great value. Now I know what you might be thinking, how does M1 keep costs so low? How would M1 Finance make money? They make money a few different ways including their M1 Borrow features as well as directing order flow (making money by placing the orders) and lending shares to short-sellers. Effectively all these help make the basics of the platform low-cost for you.
Buying Shares This is a two-parter.
First is probably my favorite thing about M1 Finance and that is the ability to buy fractional shares! In case you're unaware of what that is, it's where you can buy smaller portions of a whole share.
Let me give you an example: I love Tesla and want to own a part of the company. On most other trading platforms in order to have ownership, you have to pay the full trading price if you want to buy a share. With M1 Finance you can buy small fractions of a share with Tesla. In my portfolio, you can see that I have 0.05569 (5%) of 1 share. By far one of my favorite features!
To some, this might not be that important, but I believe that getting started even with a small amount can make a big difference over time. M1 makes that easy because if you can only put in $20 every paycheck that $20 gets invested. On other platforms you would be limited in the stocks you can buy or you'd have to let the funds sit there until you had enough to purchase a full share.
The second thing with buying shares with M1 Finance is that there are two trading windows per day. The morning trade window begins around 9:30 ET and the afternoon window begins around 3:00 PM ET every day the NYSE market is open. Accounts with $25,000 or more in equity can participate in both trade windows in a single day, while other accounts can select which window they want to participate in. But for myself, I don't mind this at all.
Pies This feature with M1 is a neat one. I haven't seen it with other online investing platforms. Pies. Not the ones that you bake in the oven (although I could eat a pecan pie right about now). The pie is your overall portfolio and the funds you invest in are the slices of this pie.
And without trying to lose you, you can actually create pies within your main pie. Effectively, you can create sectors for the funds to be placed in. They can mimic the market sectors such as the energy sector, tech sector, communications sector, etc or make your own based on what companies you put in. In the photo below you can see my pies within the main pie.
I love this feature since I can group of stocks that I want together, the neat part is I also get to see how those stocks are performing as a group overall. It gives me some great insight into how a particular sector might be doing.
Account Types M1 has several options when it comes to account types. You can open up a regular taxable investment account, a joint investing account, a trust account, custodial account, and retirement (traditional, Roth or SEP IRA or rollover).
Getting started M1 offers low-cost investing with a monthly platform fee of $3.00 which is waived for clients who have $10,000 or more in M1 assets at least one day during each billing cycle or an active Personal Loan. There is a 90-day grace period for new users to try out the platform before the fee begins being charged. There is no minimum balance required to open an account, but you'll need at least $100 for a brokerage account and $500 for a retirement account to start investing.
Once your initial amount is put in you can transfer whatever amount you want into the account. Although you will need a minimum of $10 for the money to be invested. Otherwise, anything less than $10 will sit in the cash balance. One downside to M1 in comparison to Robinhood is that you don't get instant access to your funds when placing a deposit. Robinhood actually gives you access to upwards of $1,000 to invest with before the money is officially transferred, so you don't miss any opportunities if the market was down.
Dividends Dividends. Probably one of my favorite words in the English language! Dividend payouts work a bit differently on M1 Finance than other investing platforms. Since M1 offers fractional shares, your dividends are paid out based on your overall shares, including the fractions. This means if a company pays out $0.10 a share and you own half of 1 share, you'll get paid $0.05 in dividends.
M1 also gives you the opportunity to reinvest those dividends back into your portfolio with their auto-invest feature (also known as DRIP) which we'll talk about in the next section. The one downside to some investors is that the reinvested dividends get returned to the whole portfolio and not necessarily back into the company that paid said dividends. This doesn't bother me so much, although it would be nice if that would be an option.
Auto-Invest Auto-investing is when your account balance hits over $10 (default), that can be from deposits, dividends, or if you sold a stock. Now, this feature can either be turned off if you wanted or the dollar amount can be raised if you prefer.
Target Percentages When you create your pie (or pies within the main pie like me). You get to give a target percentage to each stock (or pie) to equal out to 100%. This means if you have 4 stocks or ETFs you can set each one to be 25% of your pie. You can also, if you wanted, set 2 funds at 40% each and the other 2 at 10% each. Whatever works best for you and your investing style. These targets will determine how much money goes into each fund.
Actual % vs Target % So what happens when a stock or an ETF starts doing really well and is above its target? A few things happen, the pie graph will look a bit funny, but second little to no money will most likely get deposited into that fund. And because a fund going over its target means another one is now under, the majority of the next deposited funds will be placed into this fund or funds.
I see this as a great thing personally because if a fund or a sector of funds is doing really well aside from the market just moving up, I tend not to invest more. But there is a solution if you did want your next deposit to go into that fund or set of funds. You can adjust the target %. Simple and easy.
Rebalancing *Talk to a financial advisor as mention at the beginning about this next part. This feature I stay away from personally. This is used when you either adjust to new target %'s or funds are off from their targets in general. You can hit the rebalance button to sell off funds that are above their target and buy into funds that are below. The reason I don't do this is that it creates a taxable event since you're buying and selling.
Website and App
I personally use both the website and app when checking my account. Both do a good job of navigating me through my account, although it's slightly easier on the website. Creating multiple sectors (pies) is best done on the website.
User Interface/Research The user interface is fairly basic and easy to use. I think most novice investors can figure things out fairly quickly. For intermediate investors, such as myself there are a few things lacking such as the amount of detailed information about a particular stock or ETF. You can always head over to websites that offer more detailed information, so it's not a make-or-break.
For beginner investors For those who may just be getting started with investing, M1 offers what they call “Model Portfolios”. These portfolios are curated with specific goals in mind. They have a general investing portfolio, plan for retirement portfolio, and even responsible investing portfolio to cater to many different investors to get you started.
Other features This review didn't cover some of the other features on M1 such as the borrow and Cash Accounts features. Possibly in the future, I can talk about them, but for today I wanted to focus on the investing of M1.
Overall With everything we covered today, I hope I didn't lose you along the way (You made the cut if you're reading this part). I hope this was a simple and easy review. As mentioned I've been using M1 Finance for some time now, and there are many great features about the platform that really stand out to me in comparison to others in this area such as Webull and Robinhood (which I will be covering in future posts). The biggest features are that the platform offers low-cost trading, has fractional shares, and DRIP (the reinvesting of dividends). Some of the disadvantages of M1 Finance are the delay in access to your funds in comparison to Robinhood, the reinvesting of dividends only occurs when the cash balance is over $10, and information for each fund doesn't go as in-depth.
Overall, I have been loving M1 Finance and it is the place where I am building up my dividend investing portfolio for the long haul.
We also have you covered with our full beginner's video guide to setting up your M1 account. Watch our 1-Hour YouTube video here
