Comments on: Money Question: What Would I Do with a $50,000 Windfall?

By: Q at $1 Million to My Name

Q at $1 Million to My Name — Thu, 07 Jun 2007 21:18:28 +0000

Invest invest INVEST! $50,000 today would jump my retirement savings years ahead – put a spreadsheet together and calculate how much MORE money you’ll have in 30 years if you have just $50,000 more today.

Here’s a simple example – if you have $10,000 today and invest it at 8% per annum, you’ll have $100,600 at the end of 30 years. If you instead started with $60,000, you’d have $603,700 at the end of 30 years.

Like I said, light years ahead!

By: hustler

hustler — Thu, 07 Jun 2007 02:16:16 +0000

50K to invest…damn..If it ain’t my money, I am hitting Vegas with 50K on one hand of BlackJack.

By: goldfish

goldfish — Wed, 06 Jun 2007 18:18:08 +0000

Sun,

Can you help me understand the second condition? “2) If your investment doesn’t make 6% a year you lose it all. ”

Thanks,
goldfish