now i juz 16 years old.Haven't work yet!
2006-12-25 01:56:49 · 7 answers · asked by LucKyStAr 1 in Business & Finance ➔ Personal Finance
Its not that bad, since you are 16 now, lots of time.
1MM over 19 years is approx 53M a year. for the next 19 without any investing.
Here is the way, when you are the following age:
16,17: Finish high school, to get a parttime job or sth. Trying to earn 50-100 per week. Put it in GIC or CD until you are 18. Learn the world of investing now until you turn 18.
18-22: you start college and finish college/university. Parttime job in school or outside school, earn 200-250/week. Save them. Use the knowledge of investing you've learn in the past 2 years to start investing. If no idea, try to invest in index.
22-35: Should be finish college,, earning 40-50M a year, if assume you made no mortgage, no debt to repay.
You should be able to earn 1MM following this strategy. Good luck
2006-12-25 03:27:40 · answer #1 · answered by davidkwankwokfai 3 · 0⤊ 0⤋
The Phillies would be crazy if they didn't resign Moyer. How many 46 year olds do you know that can do the stuff he does? He was our most consistant pitcher last year. Age doesn't mean a thing, really. He pitches like a 25 year old. He keeps himself in amazing shape. I don't think it's a lot to expect him to repeat the season he had last year. He can do it. he's a smart pitcher. He knows how to get people out, even if he might not have his best stuff in a particular game. Watch him pitch sometime and maybe you'll change your opinion. By the way - his new contract is full of incentives, so he might not even get the full amount. I don't remember the exact amount, but he gets bonuses for innings pitched, starts, and games won. And Utley isn't out until June. He said himself that it's looking more and more like he'll be back in April.
2016-05-23 05:39:40 · answer #2 · answered by ? 4 · 0⤊ 0⤋
$350 a week at 10% return over the next 19 years will bring you slightly over $1 million. There's a great calculator on David Bach's Finish Rich website called "latte factor" that help you plug in a few figures to help you reach your retirement or savings goals.
2006-12-25 02:08:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Get a $50,000 a year job. With cost of living raises, you'll make your first mil in well under 19 years.
2006-12-25 03:24:40 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You will need to save $36,000 every year, and invest in and get at least 10% return - so start saving your allowance.
2006-12-25 02:07:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Win the lotto
2006-12-25 03:21:47 · answer #6 · answered by Grandpa Shark 7 · 0⤊ 0⤋
study hard, thats what schools are for
2006-12-25 01:59:31 · answer #7 · answered by king p 2 · 0⤊ 0⤋