I was away for the summer and some very stupid French institutions forgot t o pay me ! I wrote letters and stuff, convinced I was never gonna see my money back... but I did!
I'm a momma's girl. Got mostly A's, was a great kid with nice friends and never had to save money for anything. I just had to ask (yeah, I'm a spoiled brat!!!).
This time, being away and all, I have ... money on my hands. I will have a job soon (I hope ), but I have no Idea of how to use it. That, because... I don't really have anything in France. No place, no car, no furniture. And the prospect of having to decide in what to invest... blows my mind a bit.
I'm 24 and I certainly don't intend to be waisting it all. I'm thinking about saving enough for next year (I can have my second year of MAster in a much better yet highly more expensive school).
In my country we don't speak about money, but hey, if we're ready to talk about loving to have the anus licked, I hope you won't feel ofended if I ask how do you save money and what you're saving it for....
So, how do you save money? Put a certain amount in a deposit? How do you choose where to place it? What are you saving money for?
This is so exciting, because.... it's my money. I just need some teaching, as my parents kept these things from me.
How do you do it? Put a third of your income there? Put a certain amount there monthly? Save money from time to time? Do you have someone you talk to to give you investment advice?
I mean, right now I'm at the beginning, but I want a plan. I feel lost to the possiblities. Come to think of it, I'm sure that once I check 'em out, I'll see I'm short of cash, but at least I'll know where I'm aiming.
I have an investment planner. I'm unwilling to devote as much time as it requires to play the market well, so I've got mutual funds of various sorts in various institutions. I have money deducted from my bank account every month that goes into a money market fund that's available for transfer into retirement funds or to be used for other things if I wish.
The 'get rich' guys say you should pay yourself first - have a certain amount taken off your pay and deposited into your investments monthly. Many suggest 10% of annual income, but if you can afford more, do it.
I met one woman who had a very knowledgeable father when she was growing up. He advised her right from childhood to begin investing and to get a fairly lucrative job. She became a pharmacist and taught pharmacology (I think I've told this tale before). She earned a good wage and did what her father suggested - invested chunks of $ every year. She retired at 40 and can live the rest of her life very comfortably on her investments.
If you're getting somewhere between 8-10% return on your investment, with compounding your money doubles every four to seven years. At that rate, you can make a fair chunk of change during your working life if you have the discipline to put money aside.
Real estate is a great investment, but it takes a lot of work and time. You have to tend to your investments, particularly if you go the route of owning properties to rent.
Most importantly - shop around for investment planners. If possible, get a recommendation from someone. Be aware that most of the investment planners work to sell a particular organization's products. At least here they do - the rules may be different there. And never, ever put all your money into one investment or type of investment or even organization. There are crooks, there are bankruptcies, there are market crashes. If you invest across a wide spectrum, you'll hedge against misfortune in one or more areas. The people who suffer catastrophic financial losses are usually the ones who put all their money into one thing which crashed or got embezzled.
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I expect to pass through this world but once. Any good, therefore, that I can do or any kindness that I can show to my fellow creatures, let me not defer nor neglect it, for I shall not pass this way again.
Last edited by moimeme; 8th October 2004 at 8:45 AM..
You have to put away every cent you can. I work out a budget, paying my rent and my car and food and all that stuff. That leaves you with your disposable income. I try to put at least 70% of that away in savings. The rest is for miscellaneous stuff, and goes into my check account where I can dip into as and when I wish. When the check account saldo reaches a certain amount, I empty it and put the cash away into my savings.
i earn practically nothing (journalists are tragically badly paid), i have an overdraft and several maxed-out credit cards, i don't have a pension plan, any stocks or shares, any savings at all apart from an old absolut vodka bottle with 2 inches of 5p coins in it and i don't own any property.
my assets are one heartbreakingly beautiful pair of manolo blahnik mary jane stilettos, an old beat up VW, a cat, a piano and this laptop.
i only came to the topic because i thought it was more 'what the hell are you saving for? you could be dead tomorrow' sort of thing.
intrigued to know what licking anus has to do with it though. is there money in that? finally, a job i could really sink my teeth into.
I ass ume that "rimming" was either a cross thread joke, or a sly attempt to encourage posts to this thread using the first most bizarre thought that came to mind.
I will completely discount the literal interpretation: that Curly would feel just as comfortable about a conversation about anus licking as she would about how to save or spend money. She is, after all:
Quote:
a momma's girl. Got mostly A's, was a great kid with nice friends and never had to save money for anything. I just had to ask (yeah, I'm a spoiled brat!!!).
Anyway, Curly, I encourage you to spend every cent on a trip to the USA to visit friends in the penthouse suite of the Waldorf Astoria in NYC, or any other hotel with accomodations that include in room hot tubs and mirrors on the ceilings.
intrigued to know what licking anus has to do with it though. is there money in that? finally, a job i could really sink my teeth into.
OMG....LOL
Now I have to try and compose myself to think seriously....err hmm.
For me, I bought a brand new 4WD last year and that is paid for so I don't really have to think about that on one level.....except that I do soooooooooo many k's (or miles) that I have almost done in one year what they allow for 4 years. Maybe it will kick it on me, then I will be up the creek.
I just had a house built, so I'm paying for that......and yes most people say to pay yourself first then the rest can go on bills and whatever whatever. At times I decide to do that, but then I find that it doesn't really work for me. I should be more strict with myself. I'm painting the house myself to save money and also doing the tiling and landscaping.
So basically I just put into the bank account whatever I can......I'm saving to take my products overseas, to an expo or just do the hard yakka, going into stores and asking them about it. (expos cost heapssss of money).
Just gather together some info and do what works 4 you. If that fails, maybe we could all get together and start up something like Asslickers Enterprises Pty Ltd.........
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if it's not remarkable, it's invisible!
In my country, people rarely speak of money. Unless it's about bragging on how little money they spent on great cloths(liars!!!!)
So I figured out that since I am on a forum where licking anus(es) ain't downtoned, I might just figure some stuff out.
And that bluetues, is one great idea of a thread!!!
Is money important to you? Do you save money? Do you think you'll ever save money? Why and what for?
I'm from Eastern Europe. Was lucky enough not ever feel hungry, yet my mom did give me one tablet a chocolate a day for you could find none (it was Chineese chocolate and yes, I was a chocolate fun when I was very little).
So, of course, I want to save enough money to be able to send a considerable amount to my parents in a couple of years, an enough to affordto send my children to decent schools wherever they choose to. For the moment I am having a Master and have no job (working on that). I am mostly an impulsive spender, but I seem to be doing much better this year. One year away from home did have the gift to put my feet on the ground (at least more than the usual). I am not a money person an I hate talking about money too. I simply..... really really really need a car, that's all ! (That's on my two years to do list and I want to buy it myself)
I once read one of those "Jane and Susan" scenarios. I can't remember the exact thing, but it was something like this:
Jane puts away $100 a month, from the age of 25, every month. When she turns 35, she stops putting money in and just leaves it to accumulate dividends.
Susan, the same age as Jane, only starts putting away from the age of 30, but she saves $150 a month. Every month, until she's 45.
At 45 years of age, who has the most money in the kitty?
Jane...by about 10%!!
Simply by virtue of the fact that she started saving 5 years earlier, even though Susan saved more, and for longer.
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in the penthouse suite of the Waldorf Astoria in NYC, or any other hotel with accomodations that include in room hot tubs and mirrors on the ceilings.
! (That's on my two years to do list and I want to buy it myself)
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