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| Phenom | Kingz | Dabatos | TonySelf | Tha Q | Half Breed | Tito | 7th End | RV Radio  |
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10-24-06, 01:07 AM
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#1
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Better THAN You!
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IP:
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Nah..I got a fallback plan for money..bet that... and it's not the rap game..College Certified BOY..plus I'm 15... Fuck saving money..Spicca i'm still a kid...Imma live it up for a nother year..then hit the job circuit...guarenteed in the time it takes you get that 20,000 from that IRA account. I'll have more stuffed in a sock drawer of my house.. That's how i live..
__________________
iGhostwrite Mixtape DL |
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10-21-06, 11:46 PM
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#2
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Flyweight
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IP:
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
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10-22-06, 05:02 AM
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#3
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Moderator
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IP:
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If you put $50 in an IRA account and let it roll for 50 fucking years you would have WAY more than $6,000. You don't know what the fuck you're talking about. |
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10-21-06, 11:50 PM
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#4
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Light Weight
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IP:
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
__________________
"You're the waste of L.A./get blast up in LA/face down, ass up in LA/you the Crocodile Hunter, I am the sting ray/" -Ras Kass Diss To Gayme "Game was a G-Unit Groupie, if they made a flick of bitch ass niggas he'll be in the movie"-Banks Diss To Gayme on BET 
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10-22-06, 12:49 AM
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#5
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Bonecrushing Nigga
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IP:
yea I get 5 dollars a day for food.
I save it up for weed.... 
__________________
Guess who?... ...Paramik Fuckin'...
...Owns You! ||RVS Text Champion||
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10-22-06, 12:59 AM
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#6
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oh yes
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IP:
word weed is hurtin my pockets...but fuck it
__________________
E Style
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10-22-06, 05:36 AM
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#7
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Light Weight
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IP:
yea weed is hurting my pockets...but fuck it it gets me high so0o i enjoy the time...
__________________
"You're the waste of L.A./get blast up in LA/face down, ass up in LA/you the Crocodile Hunter, I am the sting ray/" -Ras Kass Diss To Gayme "Game was a G-Unit Groupie, if they made a flick of bitch ass niggas he'll be in the movie"-Banks Diss To Gayme on BET
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10-22-06, 05:55 AM
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#8
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IP:
LOL watch all off active rv put like 500 bucks in it over the next few years and when we all pull it out we kill the economy that be ridiculous... but good lookin on that i'ma research it and do it
__________________
THE TRUTH IS I'M BETTER THAN YOU |
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10-22-06, 07:42 AM
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#9
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IP:
Compound interest rocks. It's money making money without you having to do anything. Those of you who were here a year or two back when we had the RV bank giving like 10% interest ended up with accounts with billions of dollars. If you are like me and totally suck at investing or don't have the time to do the research, you can put the the money into an index fund and forget about it.
There are roth ira accounts where the money you put in is already taxed, but all your money you earn in the account is tax free when you take it out. Currently the max you can put in is $4k a year, but imagine how much money you'll have if you just put in that $4k a year every year for like 30 years. Say you earn 8% a year on your investment. After the 30 years, you'll have almost $500k from the $120k you invested and it's all tax free. Play with the compound interest calculator and see for yourself In addition to the money you put into the roth ira, if you work at a company that offers a 401k and they do matching of funds, that is like instant free money for doing nothing. And that money is pre-tax, so by contributing into the account, you are paying less taxes now, and also giving you even more cash for it to compound and grow. Even if your work doesn't have a 401k, you can set up a regular ira and take advantage of keeping some money away from the tax man. It's never too early to start thinking about your future. The earlier you start the more time the money has to compound and grow. With people predicting social security going broke and less and less companies offering pensions, it's all the more important that you do your own saving. If you think it sucks having no money now, imagine being broke when you are old and feeble.
__________________
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10-24-06, 12:36 AM
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#10
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Moderator
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IP:
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Ahahaha, EXACTLY. The system for Social Security is so fucking flawed that you can't rely on that anymore. At least my generation can't. You can always rely on compound interest to get the job done, though. HELLZ YEAH! |
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10-22-06, 10:14 AM
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#11
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what dat be...
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IP:
wtf is a roth ira imma check out google
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10-24-06, 12:42 AM
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#12
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Can u guess 2v's Gender?
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IP:
bribe jen is a boss to suck my dick.
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10-24-06, 03:40 PM
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#13
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Flyweight
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IP:
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That just might be the smartest shit I ever heard you say D.
__________________
Potential Music Inc. IJL
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10-24-06, 04:23 PM
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#14
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Is Betta Than You
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IP:
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by time im 60 20,000 is gonna be pocketchange
__________________
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