2007-09-03 11:23:39 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I wouldn't call that rich. If you invest the full amount i a good mutual fund and forget its there, it should be worth around $700,000 by the time you are 65. It is enough to become rich.
2007-09-03 12:07:05 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
With apologies to Charles Dickens,
Income $100, outgo $99 - yea
Income $100, outgo $100 - nea
So it really depends on what it takes to satisfy you. For some fifteen year olds, this is more than they can dream to spend; for others who have an eye on a sharp sports car for the next birthday, decidely no.
2007-09-03 20:45:48 · answer #2 · answered by astatine 5 · 0⤊ 0⤋
Well, I don't think I'd call that rich, but it's a lot more than most 15 year olds have.
2007-09-03 18:48:32 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
yes, if you live in AMerica, you are rich!!!
A Billion people live on a dollar a day.
we are so fortunate...
Let us be thankful to God.
2007-09-03 18:39:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In some parts of the World .... YES!!!
2007-09-03 18:54:10 · answer #5 · answered by Karin H 3 · 0⤊ 0⤋