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[pollo]

I dont think I could stand not doing any work if I was rich. Life would just get boring pretty fast.

That said I dont think you guys should be in front of internet message boards branging about it if you are rich. If I had teh monies I would probably be somewhere out in East Africa chillin.

 

[teh_pwn]

What is this Vanguard thing? Sounds interesting. Does it really return 10% a year? If so, I'd consider moving some of my investments over to that. Anybody have suggestions as to what I should do with the money in my chequing account? I know it's bad to have it sitting there, but I really am unsure of what to do with it.

http://flagship4.vanguard.com/VGApp...dId=0021&FundIntExt=INT&DisplayBarChart=false

I can't get the performance chart to display in my firefox. So if you don't see it, use IE or something else.

I don't want to wake up one morning, see the stock market has crashed and have to go get a job.

If stuff like Wellington goes down, you're money won't be worth anything.

 

[Vark]

 

[Vark]

Seriously though, never quite got the 'not working' thing. Yea sure, no one wants to work retail all their life, but if you've got the cash, why not start your own business doing something you really like?

Hate to break it to some people, but a million dollars just sounds like a lot, it really isn't shit nowadays (especially after taxes). Welcome to the 50th percentile where the US gov gets 500,000 of every 1,000,000 you earn.

I can't imagine sitting on my ass all day spending money. It'd be fun for maybe a year, but hell it'd get boring. I'd much rather sit down and figure out how to take an assload of cash and roll it over into a metric assload

 

[LakeEarth]

I'm not rich, but my cousin was actually on this years 'Times 100 most influencial people"... wait, was it influencial? Maybe it was important...I dunno something like that :lol

Not that I get to see any of his money, except for the really good presents I get from my Aunt and Uncle.

 

[Zaptruder]

I'm not rich, but my cousin was actually on this years 'Times 100 most influencial people"... wait, was it influencial? Maybe it was important...I dunno something like that :lol

Not that I get to see any of his money, except for the really good presents I get from my Aunt and Uncle.

Nice. You can be a moocher cousin

Surely you can guilt the guy into that kinda stuff.

 

[Baron Aloha]

I'm sure you know all of this, but saying you've put it in a bank makes me want to bang my head against my desk. With your lifestyle, you could become a mult-millionare in 15 years.

Actually I didn't. The money is still in a regular savings account. -_-

I've only been saving for about 9 months so far and I don't know anything about investing. Is this like a stock? I should probably call a financial advisor or something. I don't even know who to call though.

 

[teh_pwn]

No, the wellington fund is a mutual fund. It has various stocks and bonds. It's very balanced. They almost never have losses. Overall it's a solid 10% gain/year average.

 

[AB 101]

Make about $20.00/Hr (Houston, Tx.) doing not much of anything but posting at GAF.

Got a house ($100,000) that is about half paid off. Owe about $12,000 (1.9% interest) on a 2005 Mustang GT. No CC debt.

Got about $75,000 in a IRA

Fucking videogames take its toll though.

 

[the year 20XX]

Not working is great, if you can swing the financial side I suggest it for everyone.

Do you need an assistant?

 

[AB 101]

Not working is great, if you can swing the financial side by winning a lawsuit or lottery, I suggest it for everyone.

Fixed.

Know a guy who won a million dollar jackpot in Lake Charles a few months ago.

Would never happen to me.

Not rich but am enjoying life though.

 

[Mr. Spinnington]

Fixed.

Know a guy who won a million dollar jackpot in Lake Charles a few months ago.

Would never happen to me.

Not rich but am enjoying life though.

If I were to win money like that I'd invest an ideal portion and retire to a coastline house. Maybe buy a golden retriever and some nice sound equipment. Just surf and surf all day. You don't need to work to enjoy youreslf, you just need to find the right recreational activities and wisely partition the way you spend time with friends and loved ones. Besides, you can always travel when you have shitloads of money!

 

[Evenball]

I'm not rich, but I'm getting there. I've never earned more than $29,000 in a year and work retail, plus I'm going to school. I do however have a paid off car and I just bought a 46" HDTV right out of my checking account and I have no credit card debt. My first suggestion to anyone is to get a mortgage. I threw somewhere around $40,000 in the hole the five years I rented a studio apartment in Downtown Bellevue. Now, every payment I make is going toward my future, plus this year I got a $1,400 tax refund from the interest. Now I've been considering buying houses to rent and have other people pay my mortgage for me.

 

[Moose]

My family's income is good enough, but my dad's office (Ford's Philadelphia Regional office) is being closed, so they'll probably offer him an early retirement package... dunno. Mom's a teacher (..benefits are alright :-/)

 

[Nick]

i'm not rich but because i have 0 credit debt, no children and no outstanding money owed to people i have enough disposable income to buy videogames, tv's, new consoles etc.

im not rich, but i enjoy luxuries that some others dont every now and again

And I bet you drive home crying each night, correct?

I'm pretty fucking rich in a poor way. I live in a very average (but clean!) house. The reason why many people think I'm wealthy is I SAVE for my shit. PSP, laptop, nice car... it's all in how you budget everything.

 

[Bluecondor]

I don't think anyone here is rich. Rather, a lot of the posters here are young professionals with very few financial responsibilities and a lot of disposable income.

Of course, there are also the spoiled bastards like olimario.

This is me - especially living in Pittsburgh....

 

[nitewulf]

Actually I didn't. The money is still in a regular savings account. -_-

I've only been saving for about 9 months so far and I don't know anything about investing. Is this like a stock? I should probably call a financial advisor or something. I don't even know who to call though.

i believe vanguard takes care of 401K type stuff. i know they handle my company's 401K and retirement plans material, so yeah, this is basically investments for the future.
i still havent been saving up much, so i cant quite start buying my company's stocks yet. but w/ your $25,000 you should start looking into these things.
another good idea is to put the money into a foreign bank that has a high interest rate, just, say $10,000, and a bit more each year. in 15 years, that'll become a hefty sum. you can get your son started off on that. a nice gift for college graduation.

 

[cvxfreak]

You know, investment wise, my parents became well off because of investing in houses. Here in the SF Bay Area, that can net you like 200K in like 4 months if you know exactly what to do. The expensive pricing of houses in this area helps, too.