Im 15 years old. I would like to start gainin money to have for my future. Right now I'm taking personal finance, and plan to take some other business classes. Woudl it be better to buy stocks or bonds. Would you reccommend a credit card. For like minimum payments. i dont want to be payin debts until i'm 35 on credit cards. Also, Im lookin for a job payin about 80,000- anywhere higher :). Thanks for reading this.
2006-10-20 02:36:51 · 4 answers · asked by Ricky 3 in Business & Finance ➔ Personal Finance
Ricky, Credit Cards wont make you save anything, don't use them...
Try to make a business, don't buy shares or bonds, you make your own place, a cafe, a resturant, and offer it "if busy" to someone to manage it for you, some one trustful, otherwise give it to someone by the BOOT system. and make another small project, etc.... Good luck
2006-10-20 02:41:08 · answer #1 · answered by Lawrence of Arabia 6 · 0⤊ 0⤋
You don't need credit if you pay cash for everything, and i mean everything, including a car and house. The whole credit card industry is a scam. Way too many young people believe the lie that you have to have good credit to do this or that, its simply not true because even if you develop "good" credit, one slip could ruin years worth of trying to build it up. Keep your money and practice delayed gratification, too many people want something right now they cant afford to pay for in full, hence the credit card industry and outrageous interest rates. Investing in stocks or bonds is fine, as long as you understand stocks are just like gambling in Vegas and you don't invest money that you can't afford to lose. Good luck with the $80k job, that usually means at least a masters degree, being self-employed with a successful business or taking on a "dangerous" job. Don't be disappointed when you don't start out making that much, it's not going to happen right away.
2006-10-20 09:48:19 · answer #2 · answered by prismcat38 4 · 0⤊ 0⤋
i suggest u study hard in school.
goto college somehow,if your parents will pay for it.
do very well in college,dont just party.although u should make alot of friends there,just dont be a loser & drink & party all the time.
study in a field your interested in,& later you'll get a good job & make a good living. :)
2006-10-20 09:46:13 · answer #3 · answered by forest lover 2 · 0⤊ 0⤋
and the oscar goes to ...
http://atrieecs.seo.iitm.ac.in/
2006-10-20 09:44:06 · answer #4 · answered by srikanth 2 · 0⤊ 1⤋