Life is good! Single and making the money :D

[Balt]

I just use my extra income for toilet paper. You should try it, such sweet sick satisfaction follows.

You eat a lot of Taco Bell? 😵

 

[Elias824]

Donate it to charity



By charity i mean me.

 

[rcpratt]

Well if you take that 10k and invest it in a mutual fund at 4.5% for the next 5 years, it could be worth 54,707. You could make an extra 4,707 dollars from investing!

Sorry, just brushing up on my finance math.

I'm pretty sure that math seriously failed somewhere along the line.

 

[JS80]

I averaged a $10k raise every 6 months for the last 6 years.

 

[OverVolt]

I'm jealous 🙂

 

[pray4mojo]

Well if you take that 10k and invest it in a mutual fund at 4.5% for the next 5 years, it could be worth 54,707. You could make an extra 4,707 dollars from investing!

Sorry, just brushing up on my finance math.

Over 500% ROI? Sign me up!!!!

 

[Regs]

Over 500% ROI? Sign me up!!!!

Huh?


If you continuously invest 10k per year 5 x 10k or 50,000 is your principle amount. Therefore the money you gain after 5 years at 4.5% compounded annually is 4,707 dollars. Your expected ROI is 4,707 or about 9% .

 

[GagHalfrunt]

Wow, all that money and still can't get a girl.

 

[OulOat]

Huh?


If you continuously invest 10k per year 5 x 10k or 50,000 is your principle amount. Therefore the money you gain after 5 years at 4.5% compounded annually is 4,707 dollars. Your expected ROI is 4,707 or about 9% .

Read fail

Well if you take that 10k and invest it in a mutual fund at 4.5% for the next 5 years, it could be worth 54,707. You could make an extra 4,707 dollars from investing!

Sorry, just brushing up on my finance math.

 

[moshquerade]

You eat a lot of Taco Bell? 😵

No, I make a lot of money

 

[GodlessAstronomer]

In a few months I'll (hopefully) get my first job out of university. I'm going to do my best to continue living like a student for the next ~2 years so I can save as much as possible. All I know is it's going to be hard to not splash out on myself when I finally have the means to do so.

 

[FelixDeCat]

Wow, all that money and still can't get a girl.

Yeah, I guess a guy will have to do. 😀

 

[blinblue]

Invest it in a roth ira. $10000 a year every year for 30 years at 10% turns into $2 million.

 

[dfuze]

Which is a lot better than the 2.8% I got last year

No kidding, had my raise (more like cost of living increase) delayed and even then it was only like 2%. Better than nothing, but :\

 

[Balt]

No, I make a lot of money

Sure, by why spend it on TP? I mean I have sisters so I know they go through about 4x as much as a man, but still... 😛

 

[dr150]

Woohoo. $10k raise

I don't even know what to do with the extra income.

For shits and giggles take that $10k down to the seedy parts of Rio or MExico City and and start waving it around with a sign around your neck "Kidnap Me!"

You should have a great adventurous time like in that movie "Romancing the Stone" :thumbsup::thumbsup::thumbsup:

 

[sciencewhiz]

Invest it in a roth ira. $10000 a year every year for 30 years at 10% turns into $2 million.

You can't invest 10k a year in a roth ira.

 

[blinblue]

You can't invest 10k a year in a roth ira.

Very true, and since being single is part of the thread title, no putting the other 5k into the wifes.

 

[Kroze]

already have 1 year emergency fund saved.

as of right now, after my monthly expenses (mortgage/utilities) i should clear $1500 a month.

Car is paid for
Bike - still owed $8800

I'm going to take a whole bunch of vacations 🙂

 

[BarkingGhostar]

And how much of the $500 you took to the casino did you come home with?

 

[JJChicken]

And how much of the $500 you took to the casino did you come home with?

People who go the casinos or buy lottery tickets are fools (no offense OP 🙂 ). Every bet you make is a sub-optimal one, as far as probability theory is concerned.

 

[Engineer]

Congrats to the OP. 🙂

What 's a raise? I haven't seen one of those elusive creatures in a few years.

Interesting that the average US college grad and high school grad has seen a decrease in pay (after inflation) over the last decade per yahoo news. Hasn't been a good decade for "MOST" of the people in the US (ATOT excluded I'm sure).

 

[JEDI]

What 's a raise? I haven't seen one of those elusive creatures in a few years.

BTW save it/ invest it, you'll be glad you did. There nothing like having enough money in the bank to to get you by for a few years if something happens to your job for peace of mind.

wow.. thats overkill for me. life's too short to hoard $.

bank enuf for 1yr worth of expenses.
SPEND the rest (assuming u max out 401k, roth, and credit card debt free)

 

[Kroze]

And how much of the $500 you took to the casino did you come home with?

I didn't go yesterday 🙁

Maybe tonight i'll go.

 

[ModerateRepZero]

I would put all/most of it away; max out your 401K / Roth IRA, or save it for a "rainy day/emergency" fund.