I am 17 and I want to earn more money later in lfe. I don't want to be covered in debt. So, I started out with 2k+ USD 5 months ago and opened a mutual fund account here in my country and I am planning to add a minimum of 1k+ USD or more monthly to the mutual funds account starting next year. I sacrifice now so that later in life I will take the fruits of my labor. Besides the trust funds in my country, I also have trust funds in US. I don't buy new mobile phones, PS3, Ipod, etc.... They depreciate a lot anyway. Am I on the right track? I plan to enter real estate later in life by building hotels, etc... and creating some businessess too. Will there be a chance that I can be like Donald Trump or some other great person? I know a Senator in my country who was VERY POOR at a young age but ended up with 950 Million USD in his pocket today... Oh, besides the mutual funds, I have savings accounts too here in my country and abroad. I don't plan to touch any of them soon.
2007-11-29
00:12:20
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6 answers
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asked by
Gillbates
2
in
Personal Finance