Comment on something from Ch. 1 and also Ch. 2 that would be helpful and/or interesting to you. Your opinion, a summary or a question about something that you read from p. 1-17, post your question here and we will try to get it answered.
Then comment on at least 1 other person's post.
$$$$$$$$$$$$$
Subscribe to:
Post Comments (Atom)
Well chapter one.....
ReplyDeletepg.2 well it tells you pretty much that if you have stocks and you put them away in the bank you will pretty much get more money out of it later because of interest and such.
what chapter one pretty much talk's about is mainly if you save your money or stocks you will have more later on down the road and it just keeps adding.
well Chapter 2......
what this is talking about is how being wealthy now is different then what it was back then in the past because of the way the economy and how its alot different and pretty much everything now is different than what it was because the prices are more than expensive now.
i learned that if you keep saving your money, then the more you will have when your like old.
ReplyDeleteinterest is good
ReplyDeletemakes good money
Dude you got to invest 2k every year that's where you make the big bucks 8 mill in 55 years
ReplyDeleteRob Bob
good summary brooke!!!!! hehe
ReplyDeletebrooke u dont have to write a book u kno
ReplyDeletetalks about why the stocks go up and how much money it takes to keep it going up
ReplyDeleteIf you save your money then it will make you have more in the future. Its better to save your money because in the future you could become a millionaire or even a billionaire....so save your money....
ReplyDeleteWell i agree that if you put in a big amount of money you will gain alot more money in the long run thanks jaci
ReplyDeletewell i think i will invest then robert so then im rich! lol
ReplyDeleteI learned that if u start saveing $2,000 a year by the time you're around 40 or 50 you will have quite a few thousand dollars saved up.
ReplyDeletemy city on evony is awesome try to attack it and see what happens
ReplyDeleteYou should also put in a set amount each year so that way it will build up faster. Like what Jacie said
ReplyDeletejacie high five! *high five*
ReplyDeleteI also learned that a lot of people don't make that much money
ReplyDeleteIm with what amanda said on saving your money.
ReplyDeletethats right tara!!!!!! and amanda your soooo silly :D
ReplyDeletehehe!!!
ReplyDeleteThere wasn't much in this assignment tho so idk wut else to write
ReplyDeleteRobert
I learned that if u have money in yur pocket instead of the bank u tend to spend all or most of it. I learned that its good to invest it.
ReplyDeleteI learned that it would b good to put it in a bank so that wen yur older u will have a good sum amount of money!!...
ReplyDeleteIf you put in 2,000 dollars each year for 10 years then wait till you are 60 years old or so you will not have any money problems....
ReplyDeletehow do i get 2k every year to invest tho
ReplyDeleteRobert
i learned that when you let interest and investment and time combine to compound are powerful tools
ReplyDeleteIf you invest your money early and let it grow over a large number of years then you will make a good amount of money so it is generally a good idea for people to invest if they do it wisely. If they don't do it wisely than it could lead them into a world of trouble.
ReplyDeletegood advice p kelly. u can pry have a lot of money
ReplyDeleteLevi
You work very hard... and keep a job after school for the whole year to get 2,000 easy... if you do that then you will be well off........ just one problem! I am way too lazy.
ReplyDeleteI learned that a large amount of people in our country are poor
ReplyDeleteI am one of them alex.. dont bash my kind.
ReplyDeletebetter keep that laziness in check next year kelly or it could be a rough year!
ReplyDeletei'm not bashing i'm stating a fact you rabble rouser
ReplyDeletewe all arnt as lucky as u gettin george washington carver scholarship.... ahhh ill be alright im gonna make buck this summer.
ReplyDeleteBut i got expenses like car repairs and gas to get to work so even tho i make 2.5k i actually make like 1.8k
ReplyDeleteRobert Johnson
I don't talk in hick; therefore, I don't know what rabble rouser means. Sorry to all the hicks in America.
ReplyDeleteChapter One: This chapter tells us that if you invest up $2000 dollars each year for 10 years, you will have over $5,000,000 in 55 years. If you invest $2000 every year until you're 55, you will have over $8,000,000. This sounds pretty good, but it would take quite a while to see any benefits out of the investments. What if the company you invest in crashes or goes bankrupt? Then you would loose it all. I wonder how much you could make putting it into a savings account...
ReplyDeleteRed we are not working for hours this summer it is a set amount. so we are each gonna get 4k.
ReplyDeleteI also think that even though everyone says they would invest $2000 if they received that amount randomly, I think that is more of ideology then what would actually happen. I think most would more than likely spend the money, either for entertainment or on a shopping spree, or for whatever else.
ReplyDeleteActually, I am quite an avid saver when it comes to money. One of my most valuable qualities. Other than being on Iowa State Universitys curling team of course...
ReplyDeleteSo econ class, I am thinking some of you have grasped the concept that saving is the thing to do? But, how do you make sure it happens? No one has laid out a plan of how they will do it. "Most people don't plan to fail, they just fail to plan".
ReplyDeleteWhere are you going to put this money? Come on, if it was this easy, everyone would be a millionaire wouldn't they. If I am reading this correctly, say investing $2,000 a year = millionaire status later. That is only $166.67 per month.
You all have a major advantage over Mr. Davis and myself, do any of you know what it is?
Great book, I wish I would have been exposed to this thinking earlier in my life. Mr. Dicks
Chapter 2: This chapter has a chart about how much money it would take to make someone feel rich in 1984 and today. It's funny that in the past, 28% of them said that $100,000 would make them feel rich, while in 1999 only 2% of them said the same thing. It also mentions that a lot of people may be rich, but do not go around showing off their money. Many only see money as security and a degree of freedom in their lives.
ReplyDelete@Mr. Dicks. That's something I was thinking about as well. What company should you invest your money in? What if you invest all that money and then the company goes under?
ReplyDeleteMr. Dicks the advantage we have over you and Mr. Davis is that we are younger and we could invest our money and later on in life become millionaires, its just one of the quirks of being younger n_n
ReplyDelete