Results 1 to 27 of 27
  1. 12-23-2005, 09:47 PM #1
    boffo
    boffo is offline Junior Member
    Join Date
    Jan 2005
    Posts
    57

    Exclamation $38,000 saved dont know what to do with it??

    I am 26 years old and have somehow managed to save up $38,000 while living like a bum to be able to save this amount. i know it is not alote but it was a bitch to save because i dont make a hell of alote of money! any way my question is if there is anyone on this board that would have some good ideas what i could do with this money to make me more that would be a huge help to me..... i currently have it in my savings but i dont want to put it in cds or any worthless paying shiet like that.
    Reply With Quote Reply With Quote
  2. 12-23-2005, 09:49 PM #2
    G-1000's Avatar
    G-1000
    G-1000 is offline Cycle King/AR-Hall of Famer/RETIRED
    Join Date
    Nov 2004
    Posts
    14,421
    Blog Entries
    1
    save and add to it. so this way later in life you can buy a home.
    Reply With Quote Reply With Quote
  3. 12-23-2005, 09:59 PM #3
    timvds's Avatar
    timvds
    timvds is offline Member
    Join Date
    Sep 2001
    Posts
    954
    Start a small business!
    Reply With Quote Reply With Quote
  4. 12-23-2005, 10:09 PM #4
    TheMudMan's Avatar
    TheMudMan
    TheMudMan is offline Retired~ AR-Hall of Famer
    Join Date
    Apr 2003
    Posts
    10,714
    Invest it or buy yourself a home....... don't be a fool and buy somethinkg that will depreciate over time.
    Reply With Quote Reply With Quote
  5. 12-23-2005, 10:09 PM #5
    TheMudMan's Avatar
    TheMudMan
    TheMudMan is offline Retired~ AR-Hall of Famer
    Join Date
    Apr 2003
    Posts
    10,714
    Quote Originally Posted by timvds
    Start a small business!
    good idea
    Reply With Quote Reply With Quote
  6. 12-23-2005, 10:14 PM #6
    Reprisal 6's Avatar
    Reprisal 6
    Reprisal 6 is offline Associate Member
    Join Date
    Sep 2005
    Location
    Northern California
    Posts
    321
    depending on where you live, that is a nice down on a home.
    Reply With Quote Reply With Quote
  7. 12-23-2005, 10:16 PM #7
    needmorestrength's Avatar
    needmorestrength
    needmorestrength is offline Anabolic Member
    Join Date
    May 2004
    Location
    Canada eh
    Posts
    7,073
    hell use it as a down payment on a house, buy a crappy house, fix it up, sell it make more money.. there is a lady in my area who did that and is now a millionaire
    Reply With Quote Reply With Quote
  8. 12-23-2005, 10:45 PM #8
    Tyrone_Biggums's Avatar
    Tyrone_Biggums
    Tyrone_Biggums is offline Banned
    Join Date
    Nov 2005
    Location
    Rehab
    Posts
    522
    Take some spelling classes, then put the rest in CD's until you learn about investing.
    Reply With Quote Reply With Quote
  9. 12-23-2005, 10:59 PM #9
    notanormalgent's Avatar
    notanormalgent
    notanormalgent is offline Member
    Join Date
    Nov 2005
    Posts
    576
    America's RE market isn't that strong. If you want a sure thing buy a plane ticket to China, India, or anywhere in the European Union. You will definitely make money there investing in RE.
    Reply With Quote Reply With Quote
  10. 12-23-2005, 11:24 PM #10
    .45Caliber's Avatar
    .45Caliber
    .45Caliber is offline Associate Member
    Join Date
    Aug 2004
    Location
    Ohio
    Posts
    209
    For the time being, put it in a 6 month CD.... That will give you better interest than the savings. After you decide specifically what you want to do, you'll be able to invest into other areas.
    Reply With Quote Reply With Quote
  11. 12-23-2005, 11:33 PM #11
    TheSickOne's Avatar
    TheSickOne
    TheSickOne is offline Junior Member
    Join Date
    Dec 2005
    Location
    Back to Sin City
    Posts
    138

    Talking

    HOUSE
    Reply With Quote Reply With Quote
  12. 12-23-2005, 11:59 PM #12
    system admin
    system admin is offline Owner
    Join Date
    Mar 2002
    Location
    Texas
    Posts
    5,148
    Put your money into a cd or invest into some IRA's... Take advantage of the ROTH IRA now. I do not use any of my own advise.. but it sounds damn good. If you are a true hearted business man... give it a go! My motto is to invest into my own businesses and potentially build them up to where I can sell it and retire at once. My advisors say that is stupid.. but then again, I have never done what the rest where doing.

    What ever you do... DO NOT buy something stupid with it! Down on a home would be a good choice as mentioned above.

    Oh yea... if you want to ... you can pay for me and you to go back to school so that we can learn to spell! hahah (not my strong point either)

    Bc
    Reply With Quote Reply With Quote
  13. 12-24-2005, 12:06 AM #13
    I_Want_Abs
    I_Want_Abs is offline Senior Member
    Join Date
    Aug 2005
    Location
    sydney
    Posts
    1,224
    shit thats alot of cash man...
    how the hell did you manage to save that, that is dedication.
    i would have to agree with most of the others and say use it for a down payment on a house.

    goodluck bro.........
    Reply With Quote Reply With Quote
  14. 12-24-2005, 01:28 AM #14
    collar's Avatar
    collar
    collar is offline Anabolic Member
    Join Date
    Jun 2005
    Posts
    6,150
    keep saving then later on maybe buy home will be great..
    Reply With Quote Reply With Quote
  15. 12-24-2005, 01:29 AM #15
    max2extreme's Avatar
    max2extreme
    max2extreme is offline Anabolic Member
    Join Date
    Aug 2004
    Posts
    0
    pick up the book "rich dad poor dad". read it, then decide. its about making your money work for you, not working for money. After that, i think you may have some ideas on what to do with your money.
    Reply With Quote Reply With Quote
  16. 12-24-2005, 03:01 AM #16
    ShnouzedUp's Avatar
    ShnouzedUp
    ShnouzedUp is offline Banned
    Join Date
    Apr 2005
    Location
    Deep in some Guts!!! haha
    Posts
    2,843
    keep savin man... maybe look into some stocks?
    Reply With Quote Reply With Quote
  17. 12-24-2005, 06:46 AM #17
    justtrnd40's Avatar
    justtrnd40
    justtrnd40 is offline Associate Member
    Join Date
    Oct 2005
    Posts
    263
    old cars. muscle cars. I made 10,000 grand on 1 car. If you don't know anything about them find somebody who does. The market right now is crazy.
    Reply With Quote Reply With Quote
  18. 12-24-2005, 12:18 PM #18
    Smak
    Smak is offline AR's Midget Beater
    Join Date
    May 2005
    Location
    in your girls panties
    Posts
    6,526
    put it in CD's (Certificate of Deposits)

    Much safer investment and you won't lose any money.
    Reply With Quote Reply With Quote
  19. 12-24-2005, 01:47 PM #19
    Hard Head's Avatar
    Hard Head
    Hard Head is offline Member
    Join Date
    Nov 2005
    Location
    Mid Atlantic
    Posts
    956
    Quote Originally Posted by .45Caliber
    For the time being, put it in a 6 month CD.... That will give you better interest than the savings. After you decide specifically what you want to do, you'll be able to invest into other areas.
    WORD

    You should also think about Law School or Med School while you still can.

    Keep saving. Don't do anything stupid like leveraging, the only place that will get you is poor.
    Reply With Quote Reply With Quote
  20. 12-24-2005, 03:02 PM #20
    Diezed
    Diezed is offline Junior Member
    Join Date
    Dec 2005
    Location
    Canada
    Posts
    133
    depending on how educated you are, and where you live. Im thinking you should invest part of it in the real estate market.
    Reply With Quote Reply With Quote
  21. 12-24-2005, 03:23 PM #21
    cfiler's Avatar
    cfiler
    cfiler is offline Anabolic Member
    Join Date
    Jul 2003
    Location
    Training my ninja Degu
    Posts
    7,185
    A down deposit for a house would be a good bet, or invest it. Personally I'd buy a house, but if you don't need a house right away... invest it.
    Reply With Quote Reply With Quote
  22. 12-24-2005, 06:55 PM #22
    PrairieDawg's Avatar
    PrairieDawg
    PrairieDawg is offline Senior Member
    Join Date
    Mar 2004
    Location
    Canada
    Posts
    1,884
    I'd go for a house to. Depending on where you live the value of your house could increase. In my hometown my parent's value of their home has doubled in 12 years.
    Reply With Quote Reply With Quote
  23. 12-24-2005, 07:00 PM #23
    Nismo's Avatar
    Nismo
    Nismo is offline Member
    Join Date
    Nov 2005
    Posts
    850
    Send it to "Nismo"!!!!! j/k

    I would say invest in Home Depot, because of New Orleans the government has made contracts with them and Lowes. It would only be a short investment though bro. Don't be in it for the long run, as soon as you make about 50% of what you put in sell it all. Just an idea.
    Reply With Quote Reply With Quote
  24. 12-24-2005, 07:11 PM #24
    Anabolic CEO
    Anabolic CEO is offline Senior Member
    Join Date
    Nov 2005
    Posts
    1,727
    Yeah i would buy CD's............let me see.......Chamillinaire just came out with a new one..........LMAO
    Reply With Quote Reply With Quote
  25. 12-25-2005, 02:55 AM #25
    max2extreme's Avatar
    max2extreme
    max2extreme is offline Anabolic Member
    Join Date
    Aug 2004
    Posts
    0
    i wouldnt buy a house, id buy land.
    Reply With Quote Reply With Quote
  26. 12-25-2005, 03:03 AM #26
    Anna Bollick's Avatar
    Anna Bollick
    Anna Bollick is offline Juiced Shemale Rescue Hooker
    Join Date
    Jun 2005
    Location
    On Rampart, Girlfriend!
    Posts
    605
    Surely, by now you are ready to throw a serious party. Come to New Orleans, Darling! The Mayor just lifted the curfew and we are going off, 24 hours a day again!

    Love
    Anna
    Reply With Quote Reply With Quote
  27. 12-25-2005, 03:18 AM #27
    Sta11ion's Avatar
    Sta11ion
    Sta11ion is offline Member
    Join Date
    Feb 2004
    Location
    Toronto 5days Miami 2days
    Posts
    710
    I am not a man to brag but I do good for myself, this is a excellent idea. I do agree to this, real estate market (home) will crash. You should strongly consider to buy some land in new orleans down town. Very cheap, yes its risky but they will not leave it like that, they will reinvest. What I will say is wrong but its facts. Someone miss fortune is anothers fortune. You have a chance take it. I bought 2 propertys there for 1300% below market value. Just a idea but do your research and purchase in the middle and upper class area that were rental propertys. But whatever idea you have, think it once then think it again then think the worst then decide. Goodluck
    Quote Originally Posted by max2extreme
    i wouldnt buy a house, id buy land.
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules