ya when you think about, it would be awsome to look bakc when your 65, see that you put 24000 away, and now its over a million with you doing absolutely nothing.

 

well, I am 28 going on 29, i guess i am SOL

anyone wanna start doing it for me?? [img]graemlins/thumb.gif[/img]

 

Ya but that also depends on your rate of pay too.

Its easy if you make $9 or more and if u just dont spend anything. Most 15 year olds dont like to sit at home and vegitate tho lol they like to go out with their friends and such

sadly I'll be payin rent, bills and groceries next year

[ November 22, 2004, 11:55 PM: Message edited by: Blind ]

 

Never mind the initial savings, where can I find an investment that will pay me 10%?

 

I was just about to say, I'd love to get in on this magical investment that yields a 10% return

 

I read somewhere that if a person put $1.00 a day into the bank, starting when born, you'd be a millionaire by the age of 55.
Getting to the bank when your first born would be kind of a problem though.

 

im sure there are accounts that will pay 10% if you are putting your money in there until your 65. there are GIC's that pay almost 5% for just 5 years, so i can imagine they are out there.

 

ya thats a good idea, im going to do that when i have kids too. my parents have money away for me for school since i was really young too.

 

I maybe have $1000 tucked away..it's hard to save when one tries to pay back school, car bills, life bills, and is trying to save to go back to University, but im trying. [img]smile.gif[/img]