EPThttp://books.google.com/books?id=oSFSSJxw4sUC&pg=PA339&dq=investment books&cd=4#v=onepage&q=investment books&f=false
Big Purchase - Page 2
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Licmyobelisk
Philippines3682 Posts
http://books.google.com/books?id=oSFSSJxw4sUC&pg=PA339&dq=investment books&cd=4#v=onepage&q=investment books&f=false | ||
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KurtistheTurtle
United States1966 Posts
On June 24 2010 00:15 ella_guru wrote: - I dont mean for this to be a mothering sort of post, but just hoping to get you to second guess what is awesome. It's not wrong to think having a high end PC is awesome, but really think about it if having a big powerful machine is going to be worthwhile, or just something your peer group would think is bitchin (extension of peen) it would be for me, my self-esteem and my entertainment. and you're much more nicely worded than other posts in this thread. thanks for the input! :D On June 24 2010 02:07 FraCuS wrote: Buy one thing at a time, then work your way up. Don't just buy everything at once. yeah. I decided that I'm not going to use loan money or my job $$ on it, but save up through it selling stuff online/odd jobs. keeping it all in this little pot i have in my room & wait for a good deal somewhere. | ||
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lux[chavii]
Germany115 Posts
Don't take a loan or money you don't entirely have to buy something really unnecessary, when looking at the big picture. As my grandpa would say, you don't buy things you don't have the money for. Of course that is a little over the top and slightly outdated, but is still true for small items (such as TVs, computers, expensive furniture etc., NOT e.g. houses). It becomes a bad habit really fast and can get you into a lot of trouble really fast, as those things get old fast, for which you need new items and more money. Especially with the economy this bad, you want to be extra careful. Also when you say you want to spend it, because you want to treat yourself with something nice, which is totally acceptable and cool (you don't need anyones approval of course, just my POV) and you buy it for self-esteem (this really confuses me btw), don't you think you can yourself something equally as fun for something affordable? Have a great experience with friends or peers, work on your personality, weaknesses/strengths or, to be a little more shallow, your outward appearance? I read you're a lifeguard in your other blog so you are indeed probably in good shape, but I'm just throwing it out there, anyway. Anyways, I hope you reconsider ALL your options/long-term effects (somebody mentioned, that those things get old and kinda everyday things fast, which judging from my experience is exactly what happens) and if you come to the conclusion, that NOTHING in the world is equally as nice as a new entertainment set, then go ahead. Nobody should be stopping you then. Also I use too many parentheses. | ||
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ella_guru
Canada1741 Posts
On June 24 2010 09:55 KurtistheTurtle wrote: yeah. I decided that I'm not going to use loan money or my job $$ on it, but save up through it selling stuff online/odd jobs. keeping it all in this little pot i have in my room & wait for a good deal somewhere. That's good thinking | ||
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decafchicken
United States20168 Posts
TV...why would you get a 1080p at 24 inches? thats too small for you to even notice the difference. Anyways, wait for black friday in a couple months and pick up a nice TV for really cheap. No Go fallout 3 is only like 20$ or you can torrent it for pc, worth it! | ||
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kainzero
United States5211 Posts
Anyway, I save a portion of the paycheck first. Some goes to emergency fund, some goes to IRA, some goes to 401k. I calculate average expenditure, and everything else is free spending money. If I have excess I dump it into emergency fund. If it's a huge expenditure I usually don't like dropping it all at once. I'll probably save a little bit every month towards it. For example, one time I wanted $400 sushi, so I saved up $50 a month, that way I wouldn't be in the hole all at once. I also tend to buy a lot of stupid stuff. For example, I bought a $260 rice cooker because I wanted to see it was worth it. But I don't really care because I already took care of my savings and it satisfied my curiosity. Sure that $260 could've been in some of the down payment of a car, or towards something actually useful, but oh well. It's my money and I already covered what I need to cover. | ||
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KurtistheTurtle
United States1966 Posts
@kainzero I talked to my parents about it and I think taking out portions of my paycheck along with the miscellaneous income is a reasonable way to go about doing things like this. I'm wholly against using loan $$, rather put it back into the highest interest loan I have right now since I feel like that will save me more $$ than putting it into the stock market. I'm kind of amazed at the amounts some people take out for school. | ||
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TunaFishyMe
Canada150 Posts
I see this all the time in university. Kids would go take student loan, and blow any extra money. Or they will just pay the minimum on their credit cards to get by the month, raking up debt. Do you know what it means to be in debt? These kids graduate with 30-40k in debt! Let's say you start off with 40k a year. After tax, its about 25k? You need a place to live and expenses so say you have 10k left. Its going to take you 4-5 years to pay off that debt. That means youll start to get out of debt when you are 27-28. That puts you so far behind the rest of the world. Save your money and pay off your debt first before blowing it on things that wont help you. Or like the guy above said, invest in yourself. | ||
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EPO
Canada341 Posts
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kidd
United States2848 Posts
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BlackJack
United States10574 Posts
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MrBitter
United States2940 Posts
And also, wtf 24" TV? Dude, if you don't get at least 48", you're cheating yourself. | ||
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BlackJack
United States10574 Posts
On June 25 2010 02:12 MrBitter wrote: To hell with these people and all their bad advice. Money's for spending. What if the nuclear apocalypse happened tomorrow? You'd have no use for that extra cash, and would never truly know if the connection you had with Fallout 3 was legit, or just a brief spark. And also, wtf 24" TV? Dude, if you don't get at least 48", you're cheating yourself. Extra cash? lol | ||
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KurtistheTurtle
United States1966 Posts
I'm going to start a roth ira, break up a mutual fund I have and reinvest it into some more lucrative areas (once I figure out what they are) and, for now, dip my foot into the stock market and familiarize myself with it while I study accounting & finance. I'm going to pay close attention to how taxing works & start researching it so I can set myself up. I've also decided to learn how to start a website where I can generate income, even if its scant amounts. I feel like the experience is worth far more than the $$. I'm picking up as many extra hours at the pool as I can so that I can have an extra $100-200 on top of what I already planned in my budget. My goal? Have enough assets and income to cover my consolidated student loan payments when I graduate. I figure the worst thing I can do is cut my apple tree down for wood before it gives me apples worth the same amount, if you know what I mean. | ||
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KurtistheTurtle
United States1966 Posts
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RisingTide
Australia769 Posts
On June 25 2010 02:12 MrBitter wrote: To hell with these people and all their bad advice. Money's for spending. What if the nuclear apocalypse happened tomorrow? You'd have no use for that extra cash, and would never truly know if the connection you had with Fallout 3 was legit, or just a brief spark. And also, wtf 24" TV? Dude, if you don't get at least 48", you're cheating yourself. Also, in case of nuclear apocalypse tomorrow, play Fallout asap for education purposes. And do the wasteland survival guide first! Drinking from toilets is good for you! Do you watch much TV? If there's just a couple of things you watch then you may as well download them and get a snazzy computer. For the price of a full HD tv and console, you can build a very decent machine, and ~22'' monitors are cheap as chips nowadays. Buying a computer is much more versatile than a console and tv. With a console and tv, you can play (some) games and watch whatever tv you have available. With a PC, you can do both of those (and imo gaming on PC is much better than on console, plus there are more titles, and if Blizz gets SC2 to an acceptable level you can play it), plus it makes everyday things (work, email etc) so much better. | ||
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Kazragore
United States369 Posts
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Sabu113
United States11110 Posts
On June 22 2010 22:03 Zapperkhan wrote: Deposit into a ROTH IRA fund. Good job taking that advice. Almost everyone I talk to over 30 regrets not starting a Roth earlier. Still, you should stock up the bar or treat yourself to something or keep it in a liquid fun fund for those party nights. To the guy above me, Stocks are your friend if you're young. You can afford to take on quite a bit of risk and the returns from stocks over time are too good to turn down. Plus I would imagine you'll get a great deal of bang for your buck around now. Even if the economy dips again, you're what... 40-50 years from retirement? You'll more than likely get a huuge boon, barring the destruction of the United States or somesuch unpredictable catastrophe. Index funds > Managed money from what I've read. I'm sure someone more knowledgeable can give you more specific advice. | ||
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