How to Be a Baller: Poker Games to Gold Chains (invest & save early, Ashera Bonus Re-Mix)

How does one get to be a ridiculous old baller? Start young.

Stats:

Saving 100/mo over a period of ten years and then having the total continue to grow for 30 more years - age 35 to 65 (assuming avg annual rate of return on investment of 8%).

Total at age 35 (inc. interest)= $18,128.07
Total at age 65 (inc. interest)= $182,416.63
(this is how much more "Very Smart" has than "Kinda Smart" because of the 10 years of early investing, assuming both do same from age 35 to 65.)

Ramit's challenge: 'Make a vid that encourages people to save early. With lots of data.'

Category:

Education

Tags:

• cash
• finance
• investing
• baller
• ashera
• music

[kidethnic]

Hey Mattman9191, that's a fair view. If we're talking about using money to do something that you really want to do, I'm totally with you.

Here we were more thinking about saving money that you were spending on things that you might not really care that much about. If that money is being carelessly spent, probably makes sense to save it, right?

But, yeah, I'm definitely not one to argue for being stingy over using your cash to do great stuff when you have the chance.

[can06]

U might need that money to enjoy being old and pain free.

[mattman9191]

why enjoy your money when your too old to use it, spend it when your younger and have the energy, that's what i say anyway.

[knierymeansfox]

aSHERAAA asherAAAAHHHH.