If you got a job for only $2000 a year at age 15 and worked that job investing it at 8% until your 36. You could retire at 65 with over a million dollars $1,014,777.12
$2000 per year, about $39 a week, less than $6 a work day, or less than $1 a hour at 40 hours a week. If you could do that junky little part-time job in addition to your real life stuff from age 15 - 36, then you could retire a millionaire. Think about that if your around 15, because some of us were never told about finance at that age and it's too late to go the easy course.
2006-06-27 17:09:16 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Compound interest--the eighth wonder of the world. Unfortunately, most people spend and then think they will save what is "left over." Save first, then spend. I signed up for an automatic withholding on my paycheck, and graduated college not only debt-free but with over $10,000 saved. Thank you Cutco :)
2006-06-27 17:15:41 · answer #1 · answered by alcachofita 3 · 0⤊ 0⤋
Now you can see the value of owning an anthropomorphic robot! Imagine if you had five or 10 of them working for you. They don't need to eat, sleep, or do anything but work, work, work!
I think we will be able to squeeze them for a few generations and then they'll get wise and want rights like we have. The best thing about robots is that they are logial and if we try to put some of the grief on them that we bring to the gay community, they will snap our bony little heads off whereas a gay person only turns the other cheek. (Ow! that was nasty!)
2006-06-27 18:05:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's never too late to save for retirement. I work in the annuities industry and there are so many ways to invest money for retirement it's unbelievable people don't save. It seems schools would rather teach about tolerance for people you never meet instead of teaching how the stock market works or how to retire a millionaire.
A 401(k) is the easiest way to save, especially if your employer matches your contribution.
IRAs have decent return rates.
Certificates of Deposit (CDs) gain interest while you enjoy life.
There are many possibilities. Talk to a financial adviser.
2006-06-27 17:19:10 · answer #3 · answered by Mike R 5 · 0⤊ 0⤋
well, did you ever think someone might need to SPEND their JUNKY paycheck while they were working?
2006-06-27 17:13:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋