2006-09-11 03:48:02 · 24 answers · asked by Raju 2 in Business & Finance ➔ Personal Finance
uh yes thats like £95,000!!!!!!
.....give me some.....................................NOW!!!
lol
2006-09-11 03:51:29 · answer #1 · answered by ActionMan 2 · 0⤊ 0⤋
Absolutely. You could pay the rest of your education off with that, or make a large downpayment on a home. It would be a great safety cushion - they say to keep 6 mo. income in savings, but most people only have a couple of week's worth there. This would be about 5 years worth for the average college graduate, let alone someone who probably has only finished high school. Most 19-year olds live week to week.
2006-09-11 11:12:21 · answer #2 · answered by neniaf 7 · 0⤊ 0⤋
I bought a 2 bedroom beachside home in a very nice climate & neighborhood for $78,000 after a lifetime of woik. I'm 50...let's see
$78,000 divided by 50 =$1,560per year
$160,000 divided by19=$8,421per year
Yepper, I'd say it's a lot more than I wanna think about :-{
2006-09-11 11:02:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
if you're not a rich person, don't live like a celeb, then yes it's a lot of money for a 19 yr old. I'm going to be 19 soon and i can't keep a little over $100 in my bank after checks!!
2006-09-11 10:51:34 · answer #4 · answered by not hardcore 2 · 0⤊ 0⤋
it depends on who you ask... I personally think its good for a 19 year old but not alot.... if you can keep it around long enough to build it up you will have a good head start on some but $160,000 isnt alot for anyone who doesnt know how to use it without wasting it....
2006-09-11 10:57:06 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Goodness Gracious that's a lot of money for a 19 year-old! My husband and I don't even come close to having that much put away. I would invest it wisely! Don't spend it all on material items.
2006-09-13 04:55:33 · answer #6 · answered by anticipating 2 · 0⤊ 0⤋
even for a 36 yr old $160,000 is alot of money
2006-09-19 08:53:07 · answer #7 · answered by Mark 6 · 0⤊ 0⤋
It depends on what you're used to! I could easily spend $160,000 in a very little amount of time! So it just depends on what you buy!
2006-09-16 15:09:43 · answer #8 · answered by 014beth 2 · 0⤊ 0⤋
If that is how much you make a year then yeah that is a lot for a 19 year old.
2006-09-11 10:51:12 · answer #9 · answered by Kelli 3 · 0⤊ 0⤋
How did you get that kind of money??? It is a lot of money for anyone to have. It helps with paying your mortgage and buying a car, clothes and food. It also helps you for investing in your future.
If you want to invest in Penny Stocks, here is a great website!
http://pennypimps.com/
2006-09-11 11:09:54 · answer #10 · answered by dealerschool2006 3 · 0⤊ 0⤋
Yes, because a 19 year old is too immature to handle it responsibly.
2006-09-11 10:53:27 · answer #11 · answered by Hot Pants 5 · 0⤊ 0⤋