Found a great site today “I Will Teach You To Be Rich”. It went along with my new years resolution so I figured I would put it up here as well. And since most the people who read this are under the age of 25, it will apply to most of you.
My new years resolution was to put 10% of each paycheck an investment account.
Start putting some of your money in a savings account! I just got an account at INGDirect that has a rate of 4.5%!! But just putting 10% of each paycheck into a higher yield account like that will pay off in the long run. I’m also doing research on mutual funds and dollar cost averaging. So far I think e-trade will be who I go with, but I’m still looking and reading..
Learn to grow your money on trees.
5 responses so far ↓
Elizabeth Marshall // Jan 19, 2007 at 11:11 am
Now I just need that job…
Matt // Jan 19, 2007 at 1:56 pm
I invest 10% of each paycheck in PBR. What kind of return will I see on that when I’m 65?
Mark // Jan 19, 2007 at 8:25 pm
HSBC is where I have my money market account and they offer 5.05%
Brian // Jan 19, 2007 at 9:09 pm
mmmm PBR……you’ll get a great return of weight gain and nasty gas the next day.
And I didn’t know about HSBC, but since I already have my account set up I’ll probably just keep it there…. still 5.05% is damn good!
Mark // Jan 19, 2007 at 10:29 pm
http://www.snopes.com/quotes/einstein/interest.asp
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