Personal Finance Questions and Answers

How ripened be you when your lattice worth reach over $20,000?

of course i am asking those individuals who made their own money (not from mommy and daddy). starting out from your first position and how long did it take you?


Answers: At age 19, surrounded by 1965, I bought my first house, a duplex, for $20,000. The mortgage was $143.00 a mo. and the rent from the upstairs suite be $160.00. A year later I bought the house subsequent door, a duplex, $23,000, mortgage $157.00 a mo, rents $320.00 a mo. This gave me a positive change flow of $180.00 per mo for the two houses and I lived for free in my suite. Five years following I sold both properties to an investor for $162,000, paid bad both mortgages, $34,000 and pocketed $128,000. I then moved out of state and bought a house for $35,000, remunerated cash for it and invested the rest. The house is immediately valued at $250,000 and I don't want to tell you in the region of the investments, you won't believe it. Am I good, no, freshly Lucky. In real estate two things are are a big factor, location and timing. I bought a second house on an island contained by Saginaw Bay and have be retired for ten years. It is still possible to do what I did, it may take somewhat longer do to the current conditions, but it's still possible.
18... but I was particularly fortunate.

I found a way to pinch cosmetology school while still within highschool, without have to pay for it.

In the grazing land of cosmetology, you can pretty much make doesn`t matter what you want to... it depends on how committed you are.
I was something like 23 or 24. The economy be doing pretty well and I have some good investments. I have saved plentifully of money before I started University, and consequently worked as a cleaner while I studied to pay some bills. I get out of University (Australia) with no HECS debt, because I'd compensated everything up front. By the time I went fragment time at Uni on my third degree, (currently unfinished) I have about $16 000 surrounded by one account and $5000 surrounded by another (managed fund and a savings account). I next pulled out of Uni to continue working, and currently enjoy almost 50% equity in my home that I hold bought with my partner, who have no savings. I'm solitary 27 now.

What would you buy if you had millions of dollars to spend?




Answers: because i live with my dad...i'd buy a house and a car...anything else after.
A house in southern Spain, a Porscha/Viper...and candy! :)
and Travel around the world of course!!
get a house in the country
and get 2 more dogs
Pounds.
I would invest in the stock market and retired with even more million of dollars.
Buy a bunch of real estate and rent it out.
Guaranteed paycheck for life, plus I still would won the properties!
a house. Could do with a little more than a million dollars because that wont go very far in london but it will get me something at least.
If i really got a million dollars to spend:

I thought about helping out my family members who needed some help or buying a nicer home. I also read that 70% of people who win the lottery are broke within a few years from being foolish with spending, not realizing there are high taxes, ect.

"They" say that money doesn't buy you happiness. I say paying my bills makes me happy. Buying nice things makes me happy. I know it can't buy you friends or love. It could turn the nicest person in the world into the most evil. It could make friends turn on friends, loved on on loved ones.

There's so much to lose and so much to gain. It could make you so popular and yet make you a target.
Hello,

(ANS) If I had a Million £ (pounds sterling) to spend. I would invest £250,000 for my own long term use given the amount of interest which that would earn me. Which would probably be quite enough for me to live on quite comfortably for a long time, as I am not a very materialistic sort of person. I don't think material goods or objects can bring much real happiness anyway.

*I would "Give Away" the remaining £750,000 for good causes, charitable work, & to help provide low cost or cheap housing for people who suffer with some sort of mental illness.

*I would like to leave a legacy that will carry on & really benefit other people (disadvantaged people) long after I have become star dust once again.

*Money can be used in non selfish ways, in very creative ways, ways that can really help other people. It only takes a little imagination & vision. I'd like to think about ways I can help other people beyond myself and my own needs.

Ivan
I'd buy a big house where her and I could live,
I'd also make sure no one I knew wanted for anything again.

Thank you :)
I would pay off all my debts, pay off my moms home equity loan, go on a vacation with my family, and then buy a house,and put the rest in savings .
I would celebrate on my vacation, with all my friends and family, and then decide if I would start a business of my own, instead of going back to work.
I'd buy a portfolio of cheap houses in good growth areas, and rent them out cheaply. I would then take a proportion of this income and live on that, and direct the rest of the income into charity. I only need so much money. Anything else might as well help others.
I'd buy my parents their dream home and my husband a new car. I'd open a small business like a pet shop. Put the kids through college and not have to worry about expenses.
i would buy a home for my family first as we don't own a home.

Then there are brothers and family -i would buy homes for them too.
some are not married -i would undertake all their wedding expenses.

sort out all other finances of immediate and extended families
then put away some savings and invest funds to allow me to carry out all other projects that i have longed to do...

build a school fr underprivileged kids
i would build the largest library and world class school for the blind

-hospitals for the poor
most projects would be for good causes like these.


i live modestly so all excess capital would go for projects.

somewhere before my time is up i want to really leave a legacy of lasting projects that continue to carry on the good work long after i have gone...

millions of dollars are worthless if they cannot do any good. We cannot take it with us anyway hence, my passion is that it goes to helps and build lives and lasting institutions.

25,000 ppl die every day due to hunger - a lot would go to prevent that happening.

there are so many dreams that are broken and shattered only because of lack of money -if i can stop that then i certainly would with my millions!!
A very good question,

Firstly before anything i would put enough money in to accounts for both my sons to get through college and university with out struggling,
also enough for them to be able to live comfy.

I would then help my family.
pay off all my debts, have a good holiday,
Then the rest let it gain intrest for a bit.

*♥Midnight~Angel♥*
first of all i;d set my family up and then go about getting my life in order and to be totally honest i dont know if having all that money would be good for me

Which online money side is better. HSBC or Emmigrant Direct?

I have both, but I'm proclivity on HSBC because of their interface,
Emmigrants interface sucks!

What is your opinion of which one is better. And no, I'm not going to choose ING because they pocket 10 days for you to be able to repeal money,

Also, which accounts transfer money faster to my edge. HSBC or emmigrant?


Answers: Both banks will verbs at the same "speed".

HSBC is significantly better than Emigrant. As you stated, Emigrants interface is poor at best (and this is the "new" superior one over 2006). Emigrant's direct customer service all is really poor.

Take a look at www.GMACBank.com. They're my favorite.
ATM card good near any ATM machine, near an automatic reimbursement at the end of month (up to $6 total). They also supply checks. Their rates are usually better than ING, HSBC, Emigrant over long period of time (not all the time). Bottom file very competitive, great interface and apt customer service.
Emigrant is great. The money gets transferred inside 2 days. I know someone that has HSBC and they are right too but I havent experienced them personally.

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