What would you do with $50?
 

How about instead of wasting your money on a fucking video game or whatever, put it into an IRA account. I'm 18 and if I were to put $50 into an IRA account right now by the time I was in my mid 60's that account would have around $20,000 in it. $50 - $20,000. Quit wasting your money on pointless ass shit, for real. Read some books and make money. Let compound interest do the rest.

makes sense....next year imma do dat shyt....

yeah, some people r so stupid when it comes 2 money. im cheap az fuck, instead of buying food at skool n shit i save my money and go hungry, lol. and people waste so much money on weed, ommfg, im not complaining tho :cool: but god dam. werd

It'll be less than that, taking into account the inflation of prices...

yeh....but when I'm 30 I'm worth 3-4 mill ne ways....

Ima keep buyin 360 games

Of course it makes sense. If you put $50 in when you're 18 you'll have $20,000 when you're ready to retire. If you don't add ANYTHING else to that account over the fifty years that you wait for it to grow, you'll have around $20,000.

Imagine if you put in $50 a week, or every two weeks, or every month after you get a decent enough job. Or, maybe you want to up it to $100 a month or more. There are no limits. If you live below your means and invest your money in something worth while then you're financially set.

Newsflash..

20 grand isnt that much these days...........

Invest money in owning a business and taking a course... Your returns will be far higher as long as your idea is good...

ur a thinker u....

but I rather save 5 grand and put it on a 20-1 shot

It won't be that much less than $20,000. It wasn't that realistic of an example though, so it's all good. Who the fuck only puts $50 into an IRA account? Ahaha, if you're smart enough to get an IRA account then you're smart enough to add more then 50 fucking dollars in it over fifty years.

talking about money...i spent 7 dollars every 2 days for a pack of newports..and about 30 a week in weed dam...

Newsflash, I never said $20,000 was a lot. I said if you put in $50 when you're 18 by the time you're in your mid 60's you'll have around $20,000 and that's a hell of a lot better than $50. I don't need help with my money. Believe me. I just laid down a basic idea for anybody who cares.

There's so much more that people can do with their money, but it would take me literally hours to explain some of it.

havent u realized by now....

anytime u post summin intelligent....sum one has to come in and try to bash it....as a confidence booster within there own metality....

We all know your right....
And I apreciate the advice. But Im filthy ne ways....ya kno?

Fuckem.....your right....;)

Plus the fact that...you could die tommorow..why waste your life planning for a future that might not happen.

Wars, Death.. Happens constantly.

I live for today. You live for The Future.
That's Why I'm buying Games and shit.

20 grand my ass if u put in 50 quid based on the 50 n compund interest n wait till retirment u wud hav aroound 6000 n that is been very generous

yea def...go0od looken out on that advice that shit had me thinking...and 20,000 is a lot for someone who aint do shit for it...all you did was put 50 dollars up...think about it