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I GOT $$$$$$$$$$

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Old Jan 16, 2007 | 05:52 PM
  #21  
chaos92287's Avatar
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From: Orlando, FL
Default RE: I GOT $$$$$$$$$$

why didn't i know this earlier. i would've bought it in a heartbeat. its funny im gona be runnin like your EXACT setup only k04 pc-16. i even got the 006 instead of a 007 lol i gota start sniping the classifieds on a couple sites


 
Old Jan 16, 2007 | 05:53 PM
  #22  
A3Night's Avatar
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Default RE: I GOT $$$$$$$$$$

a bond with only $3500 will not yield much especially over a 6-12 month period. Dump it into stocks if you really want to invest. Otherwise just spend it.
 
Old Jan 16, 2007 | 06:10 PM
  #23  
ProOnThaSnow's Avatar
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Posts: 832
From: www.auditalk.co.nr
Default RE: I GOT $$$$$$$$$$

GODDAMN it, everything I had written was deleted for some reason... either way I'd invest most of it... play around with these, and you can see why......

http://www.lfg.com/LincolnPageServer...fg/ind/tls/clc

or better yet....

http://cgi.money.cnn.com/tools/savin...vingscalc.html

Yeah, if you put that $5,000 into a Non-Taxed savings (such as an IRA) for 40 years at an average rate of a 9% return with an adjusted inflation of 3%, you'd have $157,047.10 when it came time to take it out. And if you added only $500 per year for 40 years to that account, you'd have $325,988.32. Money is great ain't it?! save $100 per month and add it to that (not including the $500/yr) and you'd have saved $648,681.54.

Start saving now, you'll love your retirement if you do. And on top of that if you get a job with a good 401(k) you'd have considerably more money for retirement. And then you get (hopefully) social security.
 
Old Jan 16, 2007 | 06:17 PM
  #24  
18T's Avatar
18T
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Joined: Oct 2004
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From: Chicago Burbs /// KOTH 06'
Default RE: I GOT $$$$$$$$$$

save your money noob. why do you want to put it towards a money pit
 
Old Jan 16, 2007 | 06:42 PM
  #25  
KiloByte's Avatar
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Joined: Feb 2006
Posts: 931
From: New York
Default RE: I GOT $$$$$$$$$$

ORIGINAL: ProOnThaSnow

GODDAMN it, everything I had written was deleted for some reason... either way I'd invest most of it... play around with these, and you can see why......

http://www.lfg.com/LincolnPageServer...fg/ind/tls/clc

or better yet....

http://cgi.money.cnn.com/tools/savin...vingscalc.html

Yeah, if you put that $5,000 into a Non-Taxed savings (such as an IRA) for 40 years at an average rate of a 9% return with an adjusted inflation of 3%, you'd have $157,047.10 when it came time to take it out. And if you added only $500 per year for 40 years to that account, you'd have $325,988.32. Money is great ain't it?! save $100 per month and add it to that (not including the $500/yr) and you'd have saved $648,681.54.

Start saving now, you'll love your retirement if you do. And on top of that if you get a job with a good 401(k) you'd have considerably more money for retirement. And then you get (hopefully) social security.
Please find me a bank that pays 9% interest!
 
Old Jan 16, 2007 | 06:50 PM
  #26  
i3uddha's Avatar
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From: SoCaL~
Default RE: I GOT $$$$$$$$$$

so.. um.... can a brotha borrow 5 dollars??? [&o]




nice.. I agree w/ investing it / putting it into a some type of
CD / etc.

grats !

so can I borrow 5 bucks



 
Old Jan 16, 2007 | 06:50 PM
  #27  
chaos92287's Avatar
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Default RE: I GOT $$$$$$$$$$

ORIGINAL: 18T

save your money noob. why do you want to put it towards a money pit
this comin from the guy who just posted this almost exact same thread a couple weeks ago [:'(]
 
Old Jan 16, 2007 | 07:06 PM
  #28  
ProOnThaSnow's Avatar
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From: www.auditalk.co.nr
Default RE: I GOT $$$$$$$$$$

Either way, 5.00% or 6.00% you're still making a **** ton of money, and thats what the cnn money website had as a default stating that over the last 75 yrs the average rate of return has been 9.00%, I am assuming this is on IRA or similar accounts.
 
Old Jan 16, 2007 | 07:23 PM
  #29  
Palindari™'s Avatar
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Default RE: I GOT $$$$$$$$$$

ORIGINAL: chaos92287

the money is totally legit. semester just started and my academic scholarships finally went through. the only expenses i have at the moment are to buy 3 books, and after that with the money i had previously i have 5 g's to do with what i please

how much money would i make putting it into a bond for a year??
Well, if the rates are like my Credit Union - 4.79% - on $5000 - in 1 year you would make $239.50 give or take.

A 5 year certificate of deposit or CD will net you 5.12% - each year - for a total of $1280 - but that's in 5 years and cannot be touch.

If you buy a US Gov savings bond - it will double in 12 years (I think that's right)
 
Old Jan 16, 2007 | 07:30 PM
  #30  
chaos92287's Avatar
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Default RE: I GOT $$$$$$$$$$

ORIGINAL: Palindari

If you buy a US Gov savings bond - it will double in 12 years (I think that's right)
ya i had 2 grand in savings bonds from when i was born until i was like 10. i cashed them all in and used insurance money i got from a TT totaling my last car and bought my a4. i just cant wait that long again lol
 



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