2007-02-19 08:55:42 · 10 answers · asked by MsMyliss 1 in Business & Finance ➔ Personal Finance
Why don't you invest some money in stocks and mutual bonds. I've started investing at Sharebuilder.com. You can buy stocks for as little as $4 and can invest any amount.
2007-02-19 09:02:27 · answer #1 · answered by librarianb 3 · 0⤊ 0⤋
It's great that you want to learn more about investing. A Roth IRA, as stated before, is a good tool. However, you should be more concerned w/ a career. Try to find one that you enjoy. However, don't forget it also needs to pay money. W/ luck, good money. You need income to save into a 401K and IRA. Do you go to school and work??? An education can help (but does not guarantee) increase your earning potential. Click on this link and see if you'll be comfortable when you are old or living on cat food :)
http://cgi.money.cnn.com/tools/retirementplanner/retirementplanner.jsp
2007-02-19 11:32:34 · answer #2 · answered by InvisibleWar 2 · 0⤊ 0⤋
Keep an open mind to other type of legit business models as opposed to working a job. I work with a very legit financial services company that allows me to build my own business and have a shot at a 6-7 figure income. Most people will tell you this sort of thing is risky but not if you have a business building mindset and not an employee mindset.
2007-02-20 14:45:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go to www.daveramsey.com. Follow his plan & you will always have enough.
A good book about earning money is JJ Luna's "Skip College" from www.canaryislandspress.com.
Btw, I get no benefit from endorsing these gents, just the privilege of knowing I am giving you the tools to not make the mistakes I made at your age. :)
2007-02-19 09:02:17 · answer #4 · answered by Tom's Mom 4 · 0⤊ 0⤋
Real estate in prime locations/areas. Investing in anything agri-fuels, bio-fuels, plant genetics in Saskatoon, SK the "Silicon North" of Canada.
2007-02-19 09:02:00 · answer #5 · answered by we-sah-kay-chak 2 · 0⤊ 0⤋
invest in a Roth IRA in addition to your 401-k. Go to www.clarkhoward.com for advice.
2007-02-19 08:57:55 · answer #6 · answered by I hate friggin' crybabies 5 · 0⤊ 0⤋
Roth IRA is defintely the way to go. Plus, whatever you deposit can be withdrawn (not the gains or interest).
2007-02-19 08:59:10 · answer #7 · answered by binary sunset 3 · 0⤊ 0⤋
Roth IRA
2007-02-19 08:57:31 · answer #8 · answered by Anonymous · 0⤊ 0⤋
u can max out 401k contributions to $15,000. r u even there?
2007-02-19 09:47:30 · answer #9 · answered by hgary06 3 · 0⤊ 0⤋
YEAH ROTH IS GOOD BUT U NEED GOOD MONEY TO GET STARTED
2007-02-19 08:57:54 · answer #10 · answered by Anonymous · 0⤊ 0⤋