 Whats the best way to invest 120 million? |
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Additional Details
Ok great i feel dumb lolz THANK YOU ALL FOR ANSWERING YOU ROCK =D and if i could i would give you all a thumbs up lolz damn lv1... |
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 How do I make money if ...? |
I'm under the age of 16;
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PL... |
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leVel8 the Autobot | How much money should a 20 year old have in savings? |
Additional Details
Addtl: No kids, i live with my mom, there's no mortgage, but i help with all the bills, I work full time, make more than enough but not a lot, I go to school only one semester a year, i pay for it myself, and i'm buying a 2006 F-150, there's like a $12k balance on it.
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He said She said Who Said that?
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the first 65.00 of every pay check to the bank or credit union.
then after twelve years split it up in three slices.
1 slice invest in precious metals only!
1 slice you can take your then, 32 year old lover away for a great
time away,sort of a thing, kind of a deal, extravaganza!
take the remaining slice & allow it to start the compounding all over again...
stick to it! it sounds smalll but i will tell you this. . .
I saved 65.00 every week for twelve years at a nice rate!
you will be floored too... good savings
oh yeah on that trip you take with your 32 yr old lover
relax & enjoy |
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kat
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I think it depends on how long you have been working for and if you have college and university payments. I think it also depends on how much money your family has and if they give money freely and pay for things. I don't think there is a correct answer for this. |
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Mailbox Cage
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it depends on your income. if you're not making much money (i assume ur probably not rolling in the dough at 20) i don't think it should be a big priority. but really, it's up to you and what kind of goals you have for yourself and your income versus your bills and such. |
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Shannon
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10,000
or at least enough to last 6 months
plus retirement needs to be started at age 20 or earlier
however if your living with your parents still/in college
about 5000 |
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hurryupandwait
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It depends on how much money you make... how long you've been working, etc. When I was 20, which was only a year ago, I was trying to put at least $100 a month into savings, it grew pretty quickly.
To answer your question, I'd say a thousand or two to get started, if you have more, fantastic! |
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Justin B
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Everyone should save enough so that they have enough money in an emergency fund to pay for 6-12 months of their expenses. I know it sounds like a lot of money, but especially given today's economy, it is just wise self protection.
There is none. There is no easy answer to the question "How much should I save for retirement?"
But new guidelines on this issue could prove quite helpful as the nation continues its shift away from traditional pension plans and toward 401(k)-style retirement plans.
In April, the Journal of Financial Planning published the guidelines that detail how much money Americans need to accumulate for retirement and how much they should set aside to reach those amounts.
These guidelines cannot account for every possible situation, but they offer good starting points for those wondering where to begin. My guess is they will become the new standards used by financial planners and others. They will replace old rules of thumb like one that says 10 percent of income should be set aside from every paycheck.
The guidelines result from a study by four authors, including Roger Ibbotson, professor at Yale School of Management and founder of Ibbotson Associates, a leading investment research and consulting firm. The others are Ibbotson Associates research consultant James Xiong and financial advisors Robert B. Kreitler and Charles F. Kreitler of New Haven, Conn.
The study challenges old assumptions about how much income is needed in retirement and reinforces the importance of starting to save early in life.
"Those who do save early can save without a significant drop in lifestyle," the authors wrote. "A critical inflection point occurs at age 35 to 40."
Those who delay savings beyond that range, they wrote, face the challenge of having to save significant portions of their income.
The suggested target savings rates range from a low of 5.8 percent of income for a 25 year old earning $20,000 and ready to begin saving to a high of 55.4 percent for a 60 year old earning $120,000 a year with nothing set aside for retirement. |
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hazzarddeere
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it depends on what you want to do. an average person should have 3 months of pay in the savings for an emergency and then after that you should keep as much as you want to save for. everyone is different i say these things, but i dont follow that, my husband and i save enough to have a little for emergency, and then enough to do something fun, we should have around 10,000 saved but in todays age that is not possible |
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AJ
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I would say around $7,000 |
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Nestor M
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Couple of thousands at least |
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kitten.flesh
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Well that depends...
Are you in college?
Where do you/do you work?
Do you have any kids?
Do you live on your own?
There is no set amount. |
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fishy
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well it depends if you are in college or not
if you are then you are more than likely broke
if you are not i would say about 10,000
at least 5,000
I'm 17 and have over 10,000 |
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firstblackgothicgurl
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As much money as you saved from working or other things.
Im 18 and I have 2 grand. |
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yadontskeerme
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It depends on a few things.
1. What age did they start saving?
2. what age did they start working?
3. What expenses do they have, Do they pay?
(rent gas & electric car payiment insurancee )
4. Do they have a child?
5. Do they have a good paying job that will help pay the bills
and have enough to save? Some people don't have a choice,
they have to live paycheck to paycheck
These are all the factor's you have to take into consideration
Before you can ask how much a 20 year old should have
in there saving. |
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frankey_brawns
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not more that 10000 else the i*s and the F*ds will be checking u out, |
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CARDEE
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Theres not really an amounth you should have, you juust need enough to get by in life. Its going to be hard to have alot of money now that we are in the recession |
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Ryan L
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probably a couple thousand
like 4 or 8 |
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Jenny F
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There is no minimum. A lot depends on your situation. The money comes into question when you are older like 30. |
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cuzwebpimpin
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$0.70 |
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Mrs. Robert Pattinson
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9,000 min.
Dude you are in your second year of college....when are you going to check out of the B. of P. ( BANK OF PARENTS )
9,000 is being nice dude |
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Beth N
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Enough to last one month.
A 20 yr old should be going to school and working part-time. |
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ROBERT P
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according to the mnrcfs (my national reseach center for stupids) 1,000,000,000,000,000,000,000,000,000,00... |
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mountainiron06
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It depends. If you pay for your own things like college, you won't have that much saved up. But if your parents pay for everything and you have a job, you should probably put most of you rmoney away, so I'd say you should have the majority of your yearly salary in savingsXhowever many years you've worked. |
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bluefacedelf
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$1,000,000 or more. |
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Boy
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As much as he want |
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just me
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Nothing! the bar should have it all! |
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bigg dogg300
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I have 2.3 million.But i guess it would be how much they need. |
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Dan T
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idk |
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