 I have an idea! want to be rich and help others???????survive? |
| instead of most people fighting to survive..or wondering how they will ever get what they want.. and having hate to others how about evrybody send one person 10cents .... imagine one hundred ... |
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 What are some ways I can cut back on grocery expenses? |
I just feel like by grocery bill for the month is out of control. I really should be able to put a little more into savings, but I end up spending to much at the grocery store.
How do you keep ... |
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 I have 20k sitting in a checking account I don't even use it...? |
| Where's a good place to put this money with the current economic scenario? I know how to make money but don't know how to invest it. Thanks.... |
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 HELP!!!!!!! I Need Ideas!!!!!!!!? |
I am 11 years old and i need ideas to raise $400 in 1 month! so that i can go to a gymnastics camp in the end of the summer!!!
Thanks!!!... |
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| Any ways to earn money online? |
I have used PTC programs like:
http://www.jakelynagh.co
I have earned $13 from that, but I want to know any others that i can do at the same time? thanks.... |
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 Survey: How many have savings set aside? |
| Many are struggling and losing. Do you have savings, I know I don't.... |
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 I have 75 dollars to spend, but not sure what to spend it on? CLICK for more details on what I like.? |
I have 75 dollars but idk what to do with it.
Things i like:
Guitar (supplies)
Video Games
Music
Additional Details
Well the 75 dollars is on one of those ... |
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 How much money would i need? |
to live a good modest life in the Los Angeles area?
30,000?
40,000?
50,000?
higher?... |
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 I want to be rich? Were do I begin? ? |
I must I mean I must, I know I will, But were do I begin?
I can't be the black sheep in my family(the only one thats not making the millions). My brother tony(28) and my brother joey(2... |
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 Bank charges - how do the banks get away with it? |
| can my bank charge me £25 for being 51p short on a direct debit !! my bank have charged me this and i feel its totally unfair and dam right wrong ! help somebody please !... |
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 Have i done sth stupid??? |
| I got £100 for my b'day and i used it to buy a flight to be with my g/f on new years eve....even though i already had a flight booked on new years day!!!!... |
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 500 A Day? |
| What would you do and how would your life change if you were making $500 a day?... |
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 What would you do? |
I have a $4000 tax rebate coming in mail.
Would you:
A) Pay off debt (Debt is $4000)
B) Or buy a newer car (My car has a lot of things mechanically wrong, to fix around $300... |
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DB | What to do with $400,000? |
I will be recieving a little under $500,000 after taxes in a few weeks. What is the best way to double it, or at least make it last another 80+ years. I'm 26 and have a 6 year old and a baby due in 2 months. I want their children to be well off!!! How can I make that happen? And please give me more than buy a McDonald's or subway. |
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Doug M
 |
The best thing you can do for your children is to educate them and teach them how to earn money on their own (from a financial standpoint -- it's obviously more important to love them and to teach them to be good people!).
I'd never tell them about the $500,000. In fact, I wouldn't give it to them at all -- money earned is far more valuable than money given. So set money aside for their education and spend the rest on yourself. Enjoy your life, provide a happy childhood for your children and teach them how to be responsible adults.
Assuming you're about 30 and looking long-term, I'd invest in about 85% stocks, 15% bonds. You could pick out four or five index mutual funds -- total US stock market, small company stock, international stock, and total bond fund, for example. If you invest $100k or more in each, you can get the "Admiral" shares through Vanguard -- that gets you the lowest operating expense ratios (0.10% and lower!).
Use your company's 401k, too. Tax-deferred = good!
Good luck,
Doug |
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andrew p
 |
Get a good financial advisor, your life and goals are different than anyone elses. Take some time find a GOOD advisor and talk to them about your goals. Most good advisor's want a minimum of $100,000. Congratulations on the cash by the way, be careful about the taxes!
If you do invest it yourself, which I strongly advise against; unless you're aware of the financial consequences of such actions. Do not watch it 3 times a day, that guy knows nothing about what he is giving advice on. You won't be day trading. If you do day trade some of the cash, be aware that you will be taxed at a higher rate because you will be holding investments less than 13 months. CALL AN ADVISOR!!
Try Merrill Lynch or Charles Schwab.
Do not trade forex, its a very difficult market. Very few people make money on it. It relies heavily on trending. That 10-15% is not accurate those markets are not regulated. The S & P tracks around 15% (+/- 2%) on average a year, there are bad years and good years. If you trade forex it will be some 23 year old kid that used to be a mortgage broker trying to hit it big on your money.
A good advisor will come up with a written plan that you both agree on, the percentage that they take is not as large as you might expect. You are paying for the knowlege and time they have. We have access to reports and software that most others do not. Make sure you trust them, you are putting a lot of faith into them. I was working the markets because I enjoyed it, not to steal money. |
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ZinaRae
 |
Simple solution. Set up 2 trust funds. One for each child, and let the investments do the rest. Just remember -- the stock market is a wild ride right now, and anything can happen. Maybe a split of 80/20 no risk/mederate risk would let you sleep at night. Even 5% interest is a good bet right now. It's not taxed until they start using it. Stay away from advisors, they take too much, and if they lose it, well......Good luck. |
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Darn Dave
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Yamadog is wrong on this one. 7% for seven years yeilds a 61 % increase.
Use the "Rule of 72". Divide the interest rate by 72, the answer is the number of years to double. This is not exact, but it is close. A 7.2 % return will double in about 10 years. |
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Leila24
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Congratulations on the Money! I wish something like that comes my way!
Anyway, my recomendation for you to be living a good life and insure your kids future and their kids would be investing the money in purchasing a house or two. Personally i would take $200k and purchase at least two houses use that as down payments and closing cost. Rent them out and let the renters pay for the mortgage. No extra money coming from your pocket and depending on where you live you will have extra money from the renters for yourself after you pay the mortgage. Take another $100K and put it aside for your kids educations - college. And the rest of your $100K use to clear any debt and enjoy your life, treat your wife somewhere nice and have fun with it. However, you are still very young so purchasing the house, as real estate is blooming, you will have income for yourself in the future and the houses will both be paid off in your lifetime so by the time your kids grow up and inherite them and have the rents money as some sort of income and live a comfortable life style for themselves. I would still work and not quit my job. Another Idea is by you purchasing the houses in the future you can take out an equity line of credit and open up a business so then you will never have to work again and you leave your kids well maintained. When they grow up hopefully, they won't spend the money and loose the business.
Good Luck in whatever you decide to do just be wise about it. |
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Matthew9126
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interview 3 financial planners and pick the one you like the best no one can give you sound advice off what you said here. i would recommend staying away from wire houses (Merrill lynch, Paine Weber) try your bank or an independent |
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jwsou812
 |
Well, first do you have any debt that you could pay off? You could take care of that first. Then, I would go to a financial adviser. They can give you many investment options from tame to risky depending on your short or long term goals. Property is also usually a good investment and right now it's pretty much a buyers market out there at least for a few more months since housing starts are way down nationally. When you buy property it almost always appreciates in value and you can hold on to it over time until the housing market turns upward. Then sell at a nice profit. Just keep in mind that when you buy and sell property there are some costs involved. Don't just listen to us here on-line. Talk to a professional who can give you good advise on investing. There's no reason why you couldn't multiply that much money many times over before the kids are older. If it's for the kids, then a long term strategy is the way to go. The short term profit strategies are almost always high risk.
Good Luck! |
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Yamadog
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any money put in an acct with interest of 7% will double in 7 yrs is a good rule. Money market is aobut 5% and stocks return about 10% on avg. With that much$$$$ your bank WILL make money on your acct. Ask their fin advisor be conservative if u want. ie, what is 5%/yr on 400.000. Looks like 20,000 and that's just a CD. G Luck |
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Mr. Blue
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send it to nigeria... they will send millions of checks overnite... j/k lol
Man be careful!! $400,000 is a lot of $$$. Watch out for scams and scammers!!
Invest wisely and Beware of Investment Scam!!!
http://www.sec.gov/investor/pubs/cyberfraud.htm |
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gencaster1
|
Deposit it into an account with interest (the interest where your money goes up, NOT the kind where they charge you a percent per month/year). Theres also some accounts where it could be locked, and CANNOT be withdrawn until X years, I think its the savings account, which usually have good interest rates.
Investing is OK to do, but you should watch it like a hawk, and by this I mean check at least 3 times per day unless they send you updates. And be sure not to put too much into investing, as sometimes investing in itself can be a loss just due to the market.
Ask a local banker or financial advisor, but NEVER, EVER, mention money amount, they will try anything to get at it. |
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Jonathan
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FOREX market all the way. You could retire in a few weeks. Its the largest financial market. Its how banks make trillions of dollars each year. Its how bank of America made most of their profits last year. It is now available to the public. This program made investors 220% return on their money last year. The way you can make so much is that your leveraged 400:1. Every dollar you invest is like 400 dollars because you have a broker. You are only investing a small portion of your account each month. Say around 7 percent of the 400k. Mutual funds will only give you 15% a year. Thats nothing. Check out the video below. If you like it try the demo try it out for 2 weeks using fake money and then you will see how much money you will make following this strategy. The video is kind of cheesy but the product works and I know people making 10-15% a month. I could show you their account history. Let me know if your interested and I will help you get set up.
www.freedomrocks.com/freedemo
Jonathan |
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k_0_k_a_n_e
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hit the casinos!
gotta get a financial advisor but you have to give them a lot of your money.
invest it |
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cmpetrie2006
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Put your money into an IRA and set up trust funds and college savings plans for your children. It seems to be the most logical thing in my opinion. If that doesn't sound good dibble and dabble in the stock market. |
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