Re: What do the young ones do with their money?
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I tuck away $2k a month into savings, put $1k a month into spending money, and the remainder gets reinvested into my bankroll. the savings cash will be invested next year as my investment-genius-mother gives me the crash course. she teaches seminars on some rather complicated stuff and makes 20-40%/yr, even on the bad years. [img]/images/graemlins/cool.gif[/img]
oh, i also occasionally devote a month as a fundraiser. for example, i want to get a 60" sony hdtv before the xbox360 comes out, so september i will devote all winnings to the TV fund. i have mental issues with spending money from my br or from savings that i didn't earn with the express purpose of spending it on that... so this helps. and it gives me more motivation.
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If she is making 20-40% a year, she is running real good [img]/images/graemlins/grin.gif[/img]. She should stop the seminars, and start a hedge fund or mutual fund and start raking in the 8 figure paychecks.
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