 What should i do with a few thousand dollars? |
| i'm selling my car what should i do with the extra 7,000 $? what is the best way to invest in it? i'm clueless when it comes to stocks and bonds and all that. but i don't want to see ... |
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 What would you do with $1,000,000? |
So yea, I feel like asking a random question.
Additional Details
Can't you tell I am board?... |
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 Any suggestion for a 17 year old male teenager who is planing on moving out of there parents house? |
| i'm about to turn 17 on tuesday and i,m plaining on moveing out of my parents house next july, can anyone give me any tips or advise for me to think about or do in this next year. i have a ... |
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 What is money made of? |
| One thing in particular...... |
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 Investing before saving or debt payoff? |
I know conventional wisdom says 1) Pay off debt 2) Save money 3) Emergency supply of liquid assets 4)then start investing, but is it a bad idea to "play" with investing at this stage?
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 I have $10,000. Now What? |
| So I recently got $10,000 from my car insurance from when I crashed my car. I realized I really wasn't using that car that much anyway, and I will not buy another car anytime in the near future.... |
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 I have heard of people making 200% to 300% profit on the stock market. Is it true? |
| What I really want to know is whether it is possible to make this kind of profit on the stock market?... |
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 Does anyone know about Compound interest?? how do I go about investing in it? |
| I have heard on Tony Robbins Get the Edge CDs about compound interest and how it is a great way to invest in your future. How do I go about investing in this way? What banks do this?... |
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 What's the best way to invest? |
| I am looking to invest for the first time... do I just give my money to an investing firm and hope they know what they're doing? Is that what most people do? Where do I even begin to begin?... |
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Jonathan C | Is $4000/month good money for a 21 year old? If I invest $3000 a month, how long will it take me to get rich? |
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BestINVEST
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Better put your money in bank in Eastern Europe. You will get a 12% APY with NO RISK AT ALL because all deposits are insured by the government. No fees. No risk. No taxes.
12% annual return is guaranteed
I have opened such a high yield account 5 years ago. Email me for more info.
http://answers.yahoo.com/my/profile;_ylt=Ap9ifY4h5JvKtIDOdCMa0q2vxQt.;_ylv=3?show=UF6Pbs8Eaa |
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crazy-in-love
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yes, very good.
can i marry you? LOL im just kidding |
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Rabbit
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Where I live, I'd say 'dang, that's good money for a kid, but if you lived in the bigger cities there may be janitors earning that much.
Now if you are going to invest a supposed $3k a month and live on 1k, that $4k had better be net, because you've got some substantial taxes to deduct. Again, it depends on where you live, you may be able to live so cheap, but you will have to resign yourself to the slums in order to stay on that budget.
I'd say turn the figures around, invest $1k and live on the rest. You are young, so unless you are going gagga over stories of stock market riches and don't let greed cloud your thinking, you will be quite comfortable with what you amass. Check out solid companies with dividend reinvestment plans and let it ride, then you will be comfortable when the time comes. So, in the meanwhile, take it easy and enjoy your life. What you described is a miser's plan, and miser is the base to the word miserable. |
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pinkie
 |
yea thats really good |
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Granny
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It depends on how you invest. However, it sounds like a good start! |
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Barrett G
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No. That's pretty bad pay for a 21 year old. I was making that when I was 13. |
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eddie
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With the price of gas.
forever |
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michael g
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You wont get " rich ' without a good tax advisor and stockbroker |
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Sarah
 |
It depends on how you invest, what the market does, and how you define rich.
You should probably read about investing strategies and then talk to a knowledgeable advisor.
Yes, $3k a month would give you a considerable nest egg, but you must invest wisely. |
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John T
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YES!
that is like a 50k salary
rich with your investments or rich with the 1000 a month?
with investments thats 36k a year
so it depends on what 'rich' is to you
if its buying a 400,000 dollar house
then it would take you about 10 years
and thats only if you can live life for 10 years on 1000 dollars
but do you get a yearly raise?
Franchise help!:
http://answers.yahoo.com/question/index?qid=20080523083050AAqbrgK&r=w |
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ji9zo
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I'm pretty sure it is, alot of people dont make $4000 in a year |
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♥ d`chanel simone ♥
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it depends on what you constitute as being "rich". also, you have to keep in mind there will be taxes taken out, probably about 22% and unless you are living rent free, you will have to pay rent, utilites and living expenses unless you see an immediate profit from your investments you might not be able to put back that $3000 |
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j_e_n_t86
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Yes that is good money for a 21 year old.
Save the 2500 a month for a year.
Put a downpayment on a house and pay off your mortgage quick.
the other 500 put into RRSPs
Then begin investing what you can.
But by then you'll probably be getting married and starting a family and you will not be able to invest as much, but you may also be making more money, |
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