Comments on: The Mistake That Will Cost You Millions http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/ Your College Life. Upgraded. Mon, 26 Dec 2011 03:17:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Kevin_Touw http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4261 Kevin_Touw Fri, 25 Sep 2009 02:50:16 +0000 http://www.zencollegelife.com/?p=2043#comment-4261 In line with Ibrahim, $50/month is a pretty realistic goal. I set up my account with TRowePrice because they let me start my IRA with a scheduled monthly contribution of just $50. It seems like I just started yesterday, but I'll be cracking the $1,000 mark by Christmas! In line with Ibrahim, $50/month is a pretty realistic goal. I set up my account with TRowePrice because they let me start my IRA with a scheduled monthly contribution of just $50. It seems like I just started yesterday, but I'll be cracking the $1,000 mark by Christmas!

]]> By: Kevin_Touw http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4260 Kevin_Touw Fri, 25 Sep 2009 02:48:46 +0000 http://www.zencollegelife.com/?p=2043#comment-4260 No doubt that investing is definitely the way to go to prepare for retirement. I was supporting the advice to start investing early and noting that even if you don't get 12% as your ROI, you will almost certainly gain positive returns over time and compounding interest will work its magic. Especially now, with the market having taken a beating, us young-in's have the chance of a lifetime to get in and buy low. No doubt that investing is definitely the way to go to prepare for retirement. I was supporting the advice to start investing early and noting that even if you don't get 12% as your ROI, you will almost certainly gain positive returns over time and compounding interest will work its magic. Especially now, with the market having taken a beating, us young-in's have the chance of a lifetime to get in and buy low.

]]> By: Ibrahim | ZenCollegeLife http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4257 Ibrahim | ZenCollegeLife Fri, 25 Sep 2009 02:37:45 +0000 http://www.zencollegelife.com/?p=2043#comment-4257 It's never impossible. We all make purchases that we don't need. Maybe not $150, but even a $20 start is something to grow on. It's never impossible. We all make purchases that we don't need. Maybe not $150, but even a $20 start is something to grow on.

]]> By: Ibrahim | ZenCollegeLife http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4258 Ibrahim | ZenCollegeLife Fri, 25 Sep 2009 02:34:18 +0000 http://www.zencollegelife.com/?p=2043#comment-4258 True, 12% may be a bit high, but the S&P 500 has been doing 10 percent or more consistently for quite a while, hasn't it? Check this out...<br><br><a href="http://finance.yahoo.com/q/bc?s=%5EGSPC&t=my&l=on&z=m&q=l&c=" rel="nofollow">http://finance.yahoo.com/q/bc?s=^GSPC&t=my&l=on...</a> True, 12% may be a bit high, but the S&P 500 has been doing 10 percent or more consistently for quite a while, hasn't it? Check this out…

http://finance.yahoo.com/q/bc?s=^GSPC&t=my&l=on…

]]> By: Ibrahim | ZenCollegeLife http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4256 Ibrahim | ZenCollegeLife Fri, 25 Sep 2009 02:31:42 +0000 http://www.zencollegelife.com/?p=2043#comment-4256 Nice thinking. There are always ways to save a few bucks. It doesn't have to be $150 a month, but most of us could find a way to save at least $50, right? Nice thinking. There are always ways to save a few bucks. It doesn't have to be $150 a month, but most of us could find a way to save at least $50, right?

]]> By: StudySuccessful http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4254 StudySuccessful Thu, 24 Sep 2009 14:04:59 +0000 http://www.zencollegelife.com/?p=2043#comment-4254 Wow. But 150$ a month sounds pretty much for a poor student (considering we don't have starbucks here in the Netherlands). But on the other side, a couple of beers less during the week and you have that money also! Wow. But 150$ a month sounds pretty much for a poor student (considering we don't have starbucks here in the Netherlands). But on the other side, a couple of beers less during the week and you have that money also!

]]> By: Kevin_Touw http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4249 Kevin_Touw Tue, 22 Sep 2009 02:46:17 +0000 http://www.zencollegelife.com/?p=2043#comment-4249 Yay compound interest! Even though 12% may be an ambitious annualized ROI to expect, any money you're able to put aside at a young age will have all that much more time to grow over the years. I've made it a point to put a % of any income I make (very little, admittedly) into my Roth IRA. Every penny is a penny closer to my goals. Yay compound interest! Even though 12% may be an ambitious annualized ROI to expect, any money you're able to put aside at a young age will have all that much more time to grow over the years. I've made it a point to put a % of any income I make (very little, admittedly) into my Roth IRA. Every penny is a penny closer to my goals.

]]> By: Amanda http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4248 Amanda Mon, 21 Sep 2009 02:09:16 +0000 http://www.zencollegelife.com/?p=2043#comment-4248 too bad its impossible for me too put any money into savings. School has totally screwed me out of any chance of having savings in the near future. too bad its impossible for me too put any money into savings. School has totally screwed me out of any chance of having savings in the near future.

]]> By: Albert http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4247 Albert Sun, 20 Sep 2009 17:46:11 +0000 http://www.zencollegelife.com/?p=2043#comment-4247 *me *me

]]> By: Albert http://www.zencollegelife.com/the-mistake-that-will-cost-you-millions/comment-page-1/#comment-4246 Albert Sun, 20 Sep 2009 15:42:56 +0000 http://www.zencollegelife.com/?p=2043#comment-4246 Nice image! Feel free to tell we where you are getting 12% APR =) Nice image! Feel free to tell we where you are getting 12% APR =)

]]>