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Old 10-21-06, 09:59 PM   #1
Magic5
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What would you do with $50?

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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.
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Old 10-21-06, 10:01 PM   #2
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Quote:
Originally Posted by Mimesis
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....
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Old 10-21-06, 10:03 PM   #3
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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 but god dam. werd
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Old 10-21-06, 10:04 PM   #4
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It'll be less than that, taking into account the inflation of prices...
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Old 10-21-06, 10:07 PM   #5
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Quote:
Originally Posted by Mimesis
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.



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

Ima keep buyin 360 games
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Old 10-21-06, 10:07 PM   #6
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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.
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Old 10-21-06, 10:09 PM   #7
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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...
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Old 10-21-06, 10:09 PM   #8
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ur a thinker u....

but I rather save 5 grand and put it on a 20-1 shot
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Old 10-21-06, 10:09 PM   #9
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Quote:
Originally Posted by Crazy Hades
It'll be less than that, taking into account the inflation of prices...


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.
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Old 10-21-06, 10:12 PM   #10
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talking about money...i spent 7 dollars every 2 days for a pack of newports..and about 30 a week in weed dam...
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Old 10-21-06, 10:15 PM   #11
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Quote:
Originally Posted by Nostradamus
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...


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.
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Old 10-21-06, 11:03 PM   #12
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Quote:
Originally Posted by Mimesis
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....
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Old 10-21-06, 11:23 PM   #13
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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.
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Old 10-21-06, 11:46 PM   #14
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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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Old 10-21-06, 11:50 PM   #15
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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
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