 What to do with $40,000? invest it, cd, or small business? |
| Recently i earned $40,000 from selling a share of a business owned by my late father. I know this amounts equals to noting in this world of multi-billions investments! but just wondering if its worth ... |
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 I'm 15, how can I make a lot of money? |
like more than what other people make with full time jobs.
i have no job now and can't get one. So how can i be a self made millionare. well not millionare but more than what average people ... |
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 I have just inherited $396,000... How should I invest? |
| I need some good advise on how to invest ALL of this money. I'm looking for awnsers from brokers, sucsessful investors, etc.... |
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 I want to invest in something. i am 24. what do you recommend i invest money in? |
| I have decided this year to invest my money. i just don't have any idea in what. i want a short term investment for the ... |
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 Which is better: Paying off my Credit Card or Paying off a Student Loan? |
Additional Details
My credit card is at 1.99% and my student loan is 3.99% Plus, I am refi on my house and want to take money to either go to school or pay my credit ... |
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 How can i know whether a stock share is going to inc. or dec.? |
| i want to know when can i buy shares and when to sell them (short selling) i.e how can i read stock market from stock ... |
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 Where should I invest my sons inheritance? |
| My son is 7 years old and received an inheritance a little over $10,000 (US dollars) from his Great- Grandfather. He is not aloud to touch it until he is 21 years old, unless he goes to college (... |
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 Whats the best way to start trading stocks online? |
I just opened an accout with TD Ameritrade, 9.99 a trade. And would like some help with tips on how to get started.
THANK YOU... |
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 What's the best way to safely invest in $6000? |
| I was given $6000 by someone to help for a down payment on a house. I'm in a good living situation right now but eventually want to move into my own house (maybe in 3 years). What would be the ... |
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| I wish to invest $2000. what is my best bet for the best return? stocks? forex? futures? CDs? mutual funds? |
| i am currently a college student, and wish to invest my hard earned $2000 in something worthwhile. i have already tried forex and have lost about $1500. right now, i am so unsure of what to invest. i ... |
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Chriztina | What's a good way to save money? |
I can finally afford to start saving money. What are some good ways to save other then with just a savings account, as I already have one. |
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VinTek
|
Do things in the following order:
Make sure you have an emergency fund that you can access equivalent to 3 months of expenses (not 3 months of income).
Pay off high-interest debt (if you have any).
Then, if you have money that you won't need for a long time, you can take the following steps:
If your company offers a 401(k) with matching funds, participate in it up to the full matching amount (free money is good). Put half into a total stock market index and half into an international index.
Fully fund your Roth IRA. Use the same asset allocation as for your 401(k).
If that doesn't max out your savings, go back to the 401(k) and contribute up to the limit. |
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AB
|
Try looking at stocks, mutual funds, etc |
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Frank Castle
 |
Open a brokerage account.
Top 3 Answerer in Business & Finance. (Vote for me) |
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Sidoney
 |
I'm assuming that since you want to save, your credit cards are paid off? If not start with paying those off, because you'll never earn in interest what you spend in interest on a credit card. Then only pay cash for everything going forward... Then very first thing is to have money automatically deducted from your checking account into Something, check your bank for the best accounts with the commitment level that you feel comfortable with, but have it taken out before it feels like you don't have it! Save for a bit then diversify in terms of having some in a money market (for easy access) some in a CD, but stagger the CDs so that if you need cash you won't get penalized too too much as one will always be ready to renew Then (big picture!)look at how much you're looking to save, enough for an income property? I'm not willing to put money on the stock market right now. I've had luck in the last year with cash notes, but you have to be really careful that you're working with someone reputable, as there are a lot of fly by night get rich schemes in cash flow business. |
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manyamus
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Start with your personal fiscal displine. Have you drawn a budget? What are your monthly expenses like. Secondly, what are you saving for? Car, house, old age...? Set yourself clear goals in life otherwise you will be like a rudderless ship. All the same unit trusts are good investment ventures. Have a save day. |
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nadiah_chemelan
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i sugesst u save ur money in bank that have high interest n spend little n make more money |
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frefin
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There are 101 ways of saving money.And it depends on loads of variables like Amount u plan to save, your expectations from the saved amount, duration, any emergency requirement for the money in future, What is the risk u plan to take on the money.
Ways that I think would make money on saved money, other than simple ways like saving account, where the money doesnt multiple.
1. Share market, If u can take chance and have enough knowledge. U would gain a lot or loose a lot
2.Fixed deposites - U cant get this money for fixed period of time, U cant opt this option, if u need money for any emergency.
3.MFs would be also be helpful.
The best saving is mix of options. Maybe some amount in fixed deposite and some in shares etc.
Hope it helps u. |
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connelly198133
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Invest in the stock Market.Buy a $2.00 stock atleast $1000
worth.When the stock is worth like $70 of your 500 shares u get like $35,000.
Scottrade.com is the best site.They have cheap commission |
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solomonkim
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Certificates of deposit (CDs) are an extremely low risk way of investing and the interest rates won't be spectacular, but I like 'em because I can't touch the money at all for a fixed period of time, thus eliminating the threat of temptation to withdraw it. |
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Lindsybitch
 |
people get rich by making money, not saving money, so think how to make a lot of money, and don't be too hard on yourself to save every penny, good luck. |
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inDoubt
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save your with a fixed deposit. where you wont be able to withdraw money until an agreed period of time.. this will keep away you from withdrawing.. |
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kgaurav_79
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Transfer ur money to ma account...I'll give u an interest rate better than ne bank. :) |
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Chachigirl
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You can get the bank to start pulling a set amount of money each month and put it in your savings. Once that starts accruing up a bit, start putting the money in differnt CD accounts, to keep you from spending it. If you start different CDs at different times, then when there is an emergency, then you are almost guaranteed a CD to expire soon. Once you accrue enough in your CDs you can transfer it into a IRA account. |
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SquiBBLe
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dont spend it |
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ncchan
 |
Get a note book and mark down every item you spent.
Do a review every week to pick out non-essential items.
Correct your spending habit. |
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aama m
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dont spend it! |
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ramesh vishvas
 |
don't be miser,keep an eye on yr spendings,check it thoroughly and plan to cut unnecessary expenses,self control is the thumb rule for good saving. |
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sabina-2004@sbcglobal.net
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Best way, see if your job offers a 401k. Most offer matching, so you earn instantly, plus you save on taxes next spring. |
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zlseymour
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Invest it in something like mutual funds, that way they're not easily accessible and will earn you tons of money!
The earlier you start, the more you're likely to have in the end.
Good luck! |
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savitha k
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you can save in bank |
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tinamcoffman
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I would look at your entire financial plan.
Do a financial accounting annually. This then allows you to determine what is best for you to do with the money. Payoff debt, 401K or IRA if you are in the US, Emergency saving account = to 6 months of living expenses. Once you have all the basics then you can start thinking about how to invest. First step in CDs, then start being more risky in by investing in your own business or risky stocks. I would look at it as a evolutionary process into financial security then into financial abundance! Great first step.Good luck!! |
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