Phenom | Kingz | Dabatos | TonySelf | Tha Q | Half Breed | Tito | 7th End | RV Radio |
10-22-06, 12:49 AM | #16 | |||||
Bonecrushing Nigga
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IP: 3700 BEFB
yea I get 5 dollars a day for food.
I save it up for weed....
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Guess who?... ...Paramik Fuckin'...
...Owns You! ||RVS Text Champion||
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10-22-06, 12:59 AM | #17 | |||
oh yes
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IP: 0FDA 614C
word weed is hurtin my pockets...but fuck it
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E Style
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10-22-06, 05:00 AM | #18 | |||||
Moderator
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IP: 6EB9 28C9
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And that's also why when I'm 65 I'll be a millionaire and you'll still be bagging the shit that I decide to waste a few bucks on. |
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10-22-06, 05:02 AM | #19 | |||||
Moderator
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IP: 6EB9 28C9
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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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10-22-06, 05:16 AM | #20 | |||||
Moderator
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IP: 6EB9 28C9
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Ahaha, I didn't type that up for somebody who's going to be set for life in a few years. I just know not that many people are going to make it in rap, so why not put a net under you so if you're one of the ones who doesn't make it you'll still be fine. It's not like setting up an IRA account (or a 401k account) is a lot of work, so why not put some money into one of them? For a lot of people (including myself) this shit isn't a game. . I may never be famous and I may never be a celebrity, but I when I'm 80 years old I won't be working a shitty job because I lived pay check to pay check my whole fucking life. Don't take my words out of context and believe that if you put $50 into an IRA account now, by the time you're 65 you'll be able to retire off of that $20,000. You won't. You'd have to keep putting in money as you grow older and you should be fine (as long as you avoid going into debt and live below your means). I just thought I'd share with you guys how a small amount of money now can turn into a decent sized amount of money later. Maybe think twice before you buy that next 360 game and ask yourself what it's going to be worth in 10 years. . 20 years. . I promise you that $20,000 is going to be a lot more useful when you're 70 then a fucking Xbox 360 game will. |
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10-22-06, 05:36 AM | #21 | |||||
Light Weight
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IP: 90FB F52B
yea weed is hurting my pockets...but fuck it it gets me high so0o i enjoy the time...
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"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 | #22 | |||||||
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IP: 83F5 DE0A
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
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THE TRUTH IS I'M BETTER THAN YOU |
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10-22-06, 07:42 AM | #23 | ||||||
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IP: 33DE 730C
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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10-22-06, 10:14 AM | #24 | ||||
what dat be...
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IP: 5021 8C8D
wtf is a roth ira imma check out google
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10-24-06, 12:36 AM | #25 | |||||
Moderator
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IP: 2359 F6E7
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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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10-24-06, 12:42 AM | #26 | ||||
Can u guess 2v's Gender?
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IP: 2D62 68E3
bribe jen is a boss to suck my dick.
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10-24-06, 01:07 AM | #27 | ||||||||
Better THAN You!
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IP: 72CC 197E
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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..
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iGhostwrite Mixtape DL |
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10-24-06, 03:40 PM | #28 | ||||
Flyweight
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IP: B4E7 CC5D
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That just might be the smartest shit I ever heard you say D.
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Potential Music Inc. IJL
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10-24-06, 04:23 PM | #29 | ||||||
Is Betta Than You
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IP: 0594 3125
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by time im 60 20,000 is gonna be pocketchange |
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