I'm only 18.
So... now what?
My dad just put $6,000 in my bank account
" Invest it, and don't be a dumbass that spends it. "Blah. I was hoping to get some non-serious answers. I'm probably going to put half of that into investment. I don't even use money.
@shadyspace: For me to "manage my finances" apparently. To me that sounds like spending half of it. ;)
" invest it or your dad wants you to put the money towards college "College might seem tempting but if he invests at 6% and assuming the $6,000 is all he puts he'd have the following:
- Age 30 - $12,073.1788
- Age 40 - $21,621.2245
- Age 50 - $38,720.3201
- Age 60 - $69,342.196
- Age 70 - $124,181.312
He'd make some serious bank, and enough to retire well.
" @RelentlessKnight said:The problem is, where would I find such a high interest rate for an investment?" invest it or your dad wants you to put the money towards college "College might seem tempting but if he invests at 6% and assuming the $6,000 is all he puts he'd have the following:
- Age 30 - $12,073.1788
- Age 40 - $21,621.2245
- Age 50 - $38,720.3201
- Age 60 - $69,342.196
- Age 70 - $124,181.312
"
He'd make some serious bank, and enough to retire well.
@Scooper said:
" @Meteora said:BRILLIANT IDEAS!" @KaosAngel said:Err...? Spend is all on dog collars? Buy a mountain on pop-corn? Buy 6 thousand cheese burgers? "" Invest it, and don't be a dumbass that spends it. "Blah. I was hoping to get some non-serious answers."
" Invest it, and don't be a dumbass that spends it. "This
Unless it was an accident
" @KaosAngel said:couldnt you go to another message board with that?" Invest it, and don't be a dumbass that spends it. "Blah. I was hoping to get some non-serious answers. I'm probably going to put half of that into investment. I don't even use money.
@shadyspace: For me to "manage my finances" apparently. To me that sounds like spending half of it. ;) "
seriously, this is why we shouldnt have the off topic board.
@RelentlessKnight said:So he'd be able to buy 1 Chinese rice cooker!" invest it or your dad wants you to put the money towards college "College might seem tempting but if he invests at 6% and assuming the $6,000 is all he puts he'd have the following:
- Age 30 - $12,073.1788
- Age 40 - $21,621.2245
- Age 50 - $38,720.3201
- Age 60 - $69,342.196
- Age 70 - $124,181.312
He'd make some serious bank, and enough to retire well.
" @Meteora said:Because we don't really have a board for that, other than off-topic. =/" @KaosAngel said:couldnt you go to another message board with that? seriously, this is why we shouldnt have the off topic board. "" Invest it, and don't be a dumbass that spends it. "Blah. I was hoping to get some non-serious answers. I'm probably going to put half of that into investment. I don't even use money.
@shadyspace: For me to "manage my finances" apparently. To me that sounds like spending half of it. ;) "
6,000 bucks is weak
And that's what I make it in, I got more money than the sheik
Gettin' Arab Money like Yusuf Amir
That shit's nothin', I got gold plated bottles for my beer
So you better spend that shit
On gettin' your dick sucked
Only time it's gonna happen
So, I guess it's good luck.
" @KaosAngel said:Don't listen to Kaos spend it on drugs and hookers" Invest it, and don't be a dumbass that spends it. "Blah. I was hoping to get some non-serious answers. I'm probably going to put half of that into investment. I don't even use money.
@shadyspace: For me to "manage my finances" apparently. To me that sounds like spending half of it. ;) "
If you're looking to invest, find a credit union.
If you are looking to buy cocaine, also find a credit union.
You can easily launder the cocaine money and make it look like you are buying heroin.
" If you're looking to invest, find a credit union.My father was in the heroine business. Traded many strong girls, he did.
If you are looking to buy cocaine, also find a credit union.
You can easily launder the cocaine money and make it look like you are buying heroine. "
I'm disappointed in the Giant Bomb community. It took entirely too long for somebody to suggest hookers.
" Invest it, and don't be a dumbass that spends it. "It's only $6,000 and he's 18. This is the lamest advice you can give someone. Blow it like there's no tomorrow. It's $6,000 that's nothing. I earn way more than that each year and I'm only a light casual worker. You save up and have budgets all your life. When you're 18 you have a chance to waste some time and money. Take a holiday overseas or buy a car!
" @Meteora: 6,000 bucks is weak And that's what I make it in, I got more money than the sheik Gettin' Arab Money like Yusuf Amir That shit's nothin', I got gold plated bottles for my beer So you better spend that shit On gettin' your dick sucked Only time it's gonna happen So, I guess it's good luck. "Really into rapping lately, huh?
" @InfamousBIG said:Rapping and Fapping are two honorable pastimes" @Meteora: 6,000 bucks is weak And that's what I make it in, I got more money than the sheik Gettin' Arab Money like Yusuf Amir That shit's nothin', I got gold plated bottles for my beer So you better spend that shit On gettin' your dick sucked Only time it's gonna happen So, I guess it's good luck. "Really into rapping lately, huh? "
Both of which I often do to pass the time.
Ask your father why he did it, and if he meant to. Ask him if he wanted you to do anything with it.
If he says yes, perhaps follow his direction. It was a gift from him and if he had a purpose for it, than that is what the money should be used for.
If he gives you a blank slate though, my suggestion is that since you're 18, have fun. Go on a trip, buy something you always wanted, put some in the bank for some fun later on, enable yourself to not have a part-time/full-time job for a while.
" @KaosAngel said:This is a really strange reply. You talk as if a year of work is nothing and I sure hope you're making more than $6000 in a year." Invest it, and don't be a dumbass that spends it. "It's only $6,000 and he's 18. This is the lamest advice you can give someone. Blow it like there's no tomorrow. It's $6,000 that's nothing. I earn way more than that each year and I'm only a light casual worker. You save up and have budgets all your life. When you're 18 you have a chance to waste some time and money. Take a holiday overseas or buy a car! "
When I was 21 I was making $60000 a year and spending all of it. Now that I'm older, wiser, back in school and poor again I really wish I had been putting away $6000 a year when I was able to. Wasting money usually comes back to bite you in the ass.
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