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10-21-06, 09:59 PM | #1 | ||||
Moderator
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What would you do with $50?
IP: 6EB9 28C9
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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10-21-06, 10:01 PM | #2 | ||||||
Light Weight
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IP: 90FB F52B
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makes sense....next year imma do dat shyt....
__________________
"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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10-21-06, 10:03 PM | #3 | |||||||
Tha 1st member of S.W.A
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IP: 5350 A834
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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R.I.P. EAZY-E MoBB Squad
REST IN PEACE MY MUTHAPHUKKIN SPICCA OMB!!!
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10-21-06, 10:04 PM | #4 | |||
Just searching.
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IP: 0825 899A
It'll be less than that, taking into account the inflation of prices...
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10-21-06, 10:07 PM | #5 | ||||||||
Im Short.Ur Fat.He's Gay.
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IP: 553C B504
Quote:
yeh....but when I'm 30 I'm worth 3-4 mill ne ways.... Ima keep buyin 360 games |
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10-21-06, 10:07 PM | #6 | ||||
Moderator
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IP: 6EB9 28C9
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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10-21-06, 10:09 PM | #7 | |||||||
Bangs like bikini attol
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IP: A803 D519
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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10-21-06, 10:09 PM | #8 | |||||||
Im Short.Ur Fat.He's Gay.
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IP: 553C B504
ur a thinker u....
but I rather save 5 grand and put it on a 20-1 shot |
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10-21-06, 10:09 PM | #9 | |||||
Moderator
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IP: 6EB9 28C9
Quote:
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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10-21-06, 10:12 PM | #10 | |||||
Light Weight
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IP: 90FB F52B
talking about money...i spent 7 dollars every 2 days for a pack of newports..and about 30 a week in weed dam...
__________________
"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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10-21-06, 10:15 PM | #11 | |||||
Moderator
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IP: 6EB9 28C9
Quote:
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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10-21-06, 11:03 PM | #12 | ||||||||
Im Short.Ur Fat.He's Gay.
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IP: 553C B504
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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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10-21-06, 11:23 PM | #13 | |||||||
Better THAN You!
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IP: 979F 1775
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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iGhostwrite Mixtape DL |
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10-21-06, 11:46 PM | #14 | ||||||
Flyweight
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IP: 8EB9 BBB8
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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10-21-06, 11:50 PM | #15 | |||||
Light Weight
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IP: 90FB F52B
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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