so if you had 400$...

Post by **ToxicBug** » Mon Jul 17, 2006 5:54 pm

tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.

I think it's called compound interest... anyway even at 3% per year it would be (1.03^40)*400 = $1304.82, which isn't much really, cosidering 40 years have passed...

Post by **Ryoki** » Mon Jul 17, 2006 6:01 pm

Buy oil stock, prices will keep climbing for a while.

Can you do that, i wonder? I'm unaware of how these things actually work, it's all very complex and serious business. But if you can, go for it.

Post by **ToxicBug** » Mon Jul 17, 2006 6:22 pm

I guess you can stock some oil barrels in your back yard or something

Post by **Tsakali_** » Mon Jul 17, 2006 6:25 pm

tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.

just make sure depreciation doesn't screw you.

Post by **Tsakali_** » Mon Jul 17, 2006 6:28 pm

ToxicBug wrote:I guess you can stock some oil barrels in your back yard or something

in all honesty that's not a bad idea :icon30:

Post by **andyman** » Mon Jul 17, 2006 7:00 pm

i'd just hold on to it for a while

Post by **tnf** » Mon Jul 17, 2006 9:05 pm

ToxicBug wrote:
tnf wrote:put it away into some decent account and forget about it for 40 years.

and read up on exponential growth.
I think it's called compound interest... anyway even at 3% per year it would be (1.03^40)*400 = $1304.82, which isn't much really, cosidering 40 years have passed...

I know its compounded interest, but your money grows in more of an exponential fashion (sort of).

I was considering bigger growth than 3%...

And, do you really think I'm speaking only of this $400 and not a bigger picture issue here?

That logic you put up is ridiculous.... "Hmmm..here's some extra cash, but I should save it because if I plug it into my neat little compound interest equation I only get 1304.2 after 40 years, so I will spend it...I'll save when I have lots of money to save."

I'm talking about what to do with extra cash like this in general. Put it away and let it start making money for you. You have to start somewhere.

Find somewhere with a good rate, use the little rule of 72 to see how long it would take to double the money (simple little equation, take 72 divided by the rate and you get the doubling time, roughly - so a 7% rate would take about 10.2 years to double your money...)

Post by **I cant spell u** » Mon Jul 17, 2006 10:05 pm

PC parts or clothes, or music and games. Probably the first 2 though.

Post by **Captain** » Mon Jul 17, 2006 10:06 pm

Since I'm done upgrading my PC into a sexy beast, I'm very content indeed. I'd probably go for an uber HDD though and a few games. Rest for random shit and savings.

Guest · Post by **Guest** » Mon Jul 17, 2006 11:54 pm

spend some on nice shirts, Lacoste or Polo and buy some matching shoes. Clothes will make it easier to get girls, then use the rest of the money for the dates.

Or computer parts like everyone's saying, depends if you want to get laid or play video games.

Post by **mrd** » Tue Jul 18, 2006 3:10 pm

ctrlnuke wrote:spend some on nice shirts, Lacoste or Polo and buy some matching shoes. Clothes will make it easier to get girls, then use the rest of the money for the dates.

Or computer parts like everyone's saying, depends if you want to get laid or play video games.

I'm buying computar parts so I can record my fucken CD become a rich and famous rock star. Fuck the video games. :icon32:

Post by **Captain** » Tue Jul 18, 2006 3:18 pm

What instrument do you play?

Post by **mrd** » Tue Jul 18, 2006 3:19 pm

Guitar and bass mostly. Like most guitarists I'll fuck around on a drum set if one is available, and I play piano sometimes as well.

Post by **Captain** » Tue Jul 18, 2006 3:21 pm

Nicely done

:icon14:

Post by **Giraffe }{unter** » Tue Jul 18, 2006 3:51 pm

Eraser wrote:
zeeko wrote:well any savings i have is the first thing to go when the college assesses my family's financial situation unfortunately.... So if i have it, they will make me use it towards college, if i don't have it, i will get more grant money... Isn't that hilarious?
Is that allowed?! Isn't that strictly personal information?
Here in the Netherlands, everyone is allowed to get a money grant for four years (the amount of time most studies take). It's the same amount of money for everyone.

My parents made me pay my own way through college. I had to earn 12 credits (full time student) to keep my health benifits and work full time to pay off school. I could not get a loan because my parents made too much money.

this caused me to drop out at my second semester and eventually land myself a job making a heafty salary.

College... It just doesn't pay..

Post by **plained** » Tue Jul 18, 2006 4:44 pm

400?

i got a waterbill for 3 month thats a tad more.

i prolly pay that thing

Post by **zeeko** » Tue Jul 18, 2006 5:09 pm

and how do you find such a sweet job??

Post by **Giraffe }{unter** » Tue Jul 18, 2006 7:06 pm

zeeko wrote:and how do you find such a sweet job??

Right place + Right time

Post by **axbaby** » Wed Jul 19, 2006 2:50 am

i make close to that a day .. sadly i didn't before and it's all going towards old dept.
i'll have it all paid off after my adventure in Africa.
leaving aug 7th

never abuse credit cards .

Post by **Grandpa Stu** » Wed Jul 19, 2006 2:58 am

buy yourself a 200 ipod. then give me the other 200 for the rear swaybar i want for my car.

Post by **shadd_** » Wed Jul 19, 2006 3:01 am

axbaby wrote:i make close to that a day .. sadly i didn't before and it's all going towards old dept.
i'll have it all paid off after my adventure in Africa.
leaving aug 7th

never abuse credit cards .

you would have likely killed yourself axy living up there without some cards to help you along.

Post by **feedback** » Wed Jul 19, 2006 3:47 am

I'd buy a few clothes.

edit: but then again, I'm an idiot. I spent all my spare money on clothes and vacation because I didn't plan on getting fired, and now I'm broke like a whore with a beartrap in her cunt.

Post by **Bdw3** » Wed Jul 19, 2006 6:33 am

Just an extra $400 laying around?

I’d probably go buy myself that new .45ACP Springfield XD, bi-tone of course, but I'm still debating between the Service and Tactical model, I just dunno if that extra inch is worth it.

Post by **LawL** » Wed Jul 19, 2006 6:35 am

I'd put it in the bank and wait until I had some more money - $400 is next to nothing.

Post by **SplishSplash** » Wed Jul 19, 2006 6:46 am

Unless you can start to put away money every month, spending it is the best course of action.

ToxicBug is right for once, 400$ is not enough to gain any serious interest. (cause it's not enough for risk diversification etc)

So either start putting away money every month or spend it and don't look back.

so if you had 400$...

payoff