 How can i make 1000 dollars fast! im a kid? |
| i am a kid and i need to make 1000 dollars to pay for my party and to pay to go to los angeles please dont tell me not to make the money and please do not give me any mean or bad answers. i am 11-14 ... |
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 I just found out my boyfriend is in HUGE debt, what do to?? |
| Well, I just signed a lease with my boyfriend and we moved in together this past August. I trusted him and believed that he could afford the place we moved into…well, since we’ve moved he’s had ... |
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 Do you reconcile your bank statements regularly? |
Or do you not bother?
Additional Details
Just spent all night doing mine for the last 4 months - crikey! I spend a lot!... |
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 How do I get a credit card, and what are the requirements to get one? |
| I'm 19 and don't have a job, will they still let me have one? I'm going to Chicago (for educational purposes) but don't have the money to get there. I'll be going in Febuary. ... |
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 What is a good way to earn money? |
| Well , hey I have to be independant and can't ask for any. I just need some ideas. I am too young to have a job.My daddy wont let me babysit , the usual ''What if something bad were to ... |
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 What should my saving priority be at this stage of my life? |
| I am a young (under 30) recent law school grad. I have a mountain of student loans, but zero credit card debt. I currently put 8% of my salary into my 401(k), have a small amount invested in stocks,... |
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 What is an overdraft? |
| My available balance is $400 more than my account balance. What does this mean?... |
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 Need to work at home help me? |
| i was wondering if anyone knew of any real at home jobs because i have to make some money and i have no car and 3 kids so its hard for me to get ... |
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 Hey Guys, I just had a quick question. If I buy 10 Xbox 360's and sell them on ebay, is that illegal? |
Additional Details
Yeah I get what you guys are saying. But lets say for example...... a Nintento Wiii. Now if I buy 10 for full price (when they come out ) and sell them on ebay for ... |
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 Bank account and credit card at 17? |
| My friend is 17 years old and he just got a job at Baskin Robins. He got his first paycheck and cashed it at a check cashing place. Can he take his next paycheck to the bank and get a account. He ... |
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 Return policy? |
| if you buy something at a radio shack (or any store), do you have to return it to the same store?... |
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*Some crazy girl* | I want to be rich by the time I am 30? |
I am 22. I only have $4000 saved. I am only able to currently save $300-$400 a month. I really want to learn how to manage my money and be financially secure. I don't spend alot, but I am not sure how to make my money grow fast. Any help? |
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Doug M
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You're way ahead of the curve in terms of thinking like this. It's going to be difficult to get "rich" by 30, unless you have a pretty lucrative career or are starting a business that is going to take off. But saving $4000 or so per year is a great way to ensure that you'll definitely be rich, eventually.
You have step one down pat: live beneath your means.
Step two: take advantage of tax-deferred savings plans. That's a 401k or 403b plan, especially if your employer matches your contributions.
Step three: own your own home. They're leveraged investments (meaning you get all the increase in value as profit, even though you only own a small percentage of the home) and the mortgage interest is tax-deductible, which makes the interest rate not much higher than the inflation rate.
Step four: make sure your investments are sound for your age and your target. At 22, you want to be in stocks, but you want to pay the minimum overhead to do so. I'd advise that you look for index mutual funds that have an operating expense ratio of 0.20% and lower (Google those terms if you need to -- they're important investment ideas). That way you'll have a diverse load of stocks without a stock broker or mutual fund manager getting rich at your expense.
I have a public Google Spreadsheet (not selling anything!) that shows how to go from where you are now to financially secure -- almost regardless of what you earn. You end up with 100 times your starting salary, which sounds like it's at least $3,000,000 for you. By age 30? Probably not, but that's really asking a lot unless you have an affluent job or a small business that's going to be very successful over the next eight years. Take a look:
http://spreadsheets.google.com/ccc?key=pM5gD3nfiF9wnLfQm97FQIQ
If you make $30k per year, then $4000 per year savings is great -- this sort of plan will get you to a net worth in the millions over your career. If you make $100k per year, then you need to ramp up your per-month savings. Your goal shouldn't be to get rich fast -- it should be to get rich for certain.
Good luck,
Doug |
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imcurious
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Seek out advice as you are now and learn all you can. Also, don't get involved with someone who can't handle money which is one of the biggest mistakes people make. (Also, don't loan it or cosign for people.)
Here are some resources: and best of luck to you. |
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askatrader
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First of all, congrats.. being 22 and having 4k saved is a good start and better than most your age. Secondly you don't need to make your money grow fast unless there is something you are not mentioning in your comment. You have plenty of time to let it grow as you are still young. 8 years with a good investment in something that compounds would be a lot of money.
The problem is in order for something to grow fast(er) you will need to take more risk. So if you are determined that fast is what you need I would take some of your next egg and put it in the highest yielding 'insured' investment you can find.
Then earmark some of your money as "risk" capital and you can then be more aggressive with it. BUT always remember with great rewards comes great risk...
The final most important question is, as has been asked what is it you consider rich? I think first of all you have to determine what is rich to you, then once you know what your goal is you can about reaching it. |
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jonas torregrec
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talk to a stock broker |
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atoxyz123
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The way to gain serious money is to think of dollars as seeds, they can grow astronomically. TRY TO never work for someone else as unless you have a college degree you will make more if you don't almost always. Any money you earn try and buy real estate businesses and shares in companies...... DIVERSIFY your investments in various RESEARCHED stocks, real estate, currency, Franchises, niche businesses, etc...... This may sound harsh but try and own a piece of everything in the world. IF you had one cent from everyone in the U.S. you would be rich..............Think of it this way DIVERSIFY, try and make sure that every time someone buys a start bucks you GET a little every time someone buys a coke you get a little..JUST a little from the dividend i.e. profits WILL MAKE A DIFFERENCE!! Then try and make sure people come to any business you own. In other words TRY AND OWN ALL THE ASSETS you can from investing and DIVERSIFY THEM i.e. a better chance ONE WILL WORK....IT may take time it may take less time but that's your goal. You can get lucky like a lot of rich people do start the right business or corporation, or make a lucky stock investment and your off......Tomorrow there will be new opportunities,companies will sell shares to beg the public for CAPITOL, you just need to know where to put it!!.....Speaking of capitol the more you have the more you can get!! Acquire acquire acquire and continue to acquire assets, to get more and more and more, and take more and more and more your dollars and CAPITOL ARE SEEDS grow big....This attitude can make you a millionaire However a lot of people will probably end up hating you for all the things you acquire and especially for HOW you acquired them...... |
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Big R
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It takes most people decades to get rich. Get real. You are young and thinking about it which are good things. But if your expectations are what you said they are you haven't a chance.
Do the right things and be patient and you will prosper. Have delusions of grandeur and you'll spend your life dreaming about what will never happen. And nobody knows a reliable way to make money grow fast. Anyone who doesn't know that is ripe for the scammers out there. You can do very well for yourself if you take the time to learn what you need to know. Couple that with the discipline to put your knowledge to work and you'll be fine. |
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KatGuy
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Read books on investing, and start building a small portfolio. Also visit www.fool.com and possibly read the book "Learn to Earn" by Peter Lynch. Keep saving all the time and keep investing all the time. |
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mark h
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I went o Smith Barney and had a sit down with a lady and she was awesome . I have a diverse fund set up and in your case with that amount to start with and your discipline you could go far in 8 years. |
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LD
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what do you consider rich? |
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jaree s
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Move to Nevada and work as a prostitute in a brothel, it is legal and you will make a ton of money. |
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~LuViN LiFe~
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Here are some ideas:
1. Set a limit of money you can spend a week.
2. Set a jar on your counter. Every time you come home, put extra change in it. Once the jar is filled up, take the money to the money to the bank and exchange it for cash.
3. Clean your house VERY good. You're probably going to find extra money.
4. Have a garage sale.
Hope this helps!! |
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tel
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Pm me and i will send you info on a good business, this is genuine |
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