If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Yahoo) Amusing This kid has already saved more for retirement than you earned by the time you turned 14   (finance.yahoo.com) divider line 120
More: Amusing  
•       •       •

19593 clicks; posted to Main » on 20 Dec 2011 at 5:22 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



120 Comments   (+0 »)
   

First | « | 1 | 2 | 3 | » | Last | Show all
 
2011-12-19 11:48:09 PM
Scratch tickets. That's my plan.
 
2011-12-19 11:57:51 PM
Pff, I kick his ass one time and his entire savings is gone. GONE.

/*flex*
 
2011-12-20 12:01:58 AM
I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.
 
2011-12-20 12:13:46 AM
These kids live at home and have no real expenses... It is easy to save a farkton of money when 100% of your income is yours to keep while your parents house, clothe, feed, and pay for everything you do.

It is good that they're learning fiscal responsibility and the importance of saving/acruing money for retirement early.
 
2011-12-20 12:16:16 AM
bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.



Note where she lives. That's probably 2 weeks allowance.
 
2011-12-20 01:38:58 AM
Actually I worked as a kid and had more saved than that. Of course I pissed it away at college but I'll always have my loss of memories.
 
2011-12-20 02:05:15 AM
Chana Goldstein

Courtesy: Chana Goldstein
Age: 16
Age started saving: 13
Amount saved: $1,000
Hometown: Jerusalem, Israel


I wonder what kind of commentary we're going to get on her?
 
2011-12-20 05:44:02 AM
GAT_00: Chana Goldstein

Courtesy: Chana Goldstein
Age: 16
Age started saving: 13
Amount saved: $1,000
Hometown: Jerusalem, Israel

I wonder what kind of commentary we're going to get on her?


What a schnozz on that face!
 
2011-12-20 05:47:57 AM
Don't fret my little ones. The coming hyper inflation and financial and social collapse will wipe that smug smile off your face. Meanwhile, the family next door will have a generator purchased on credit, and the kid will be playing x-box bought with money his rich aunt gave him for Christmas.
 
2011-12-20 06:02:07 AM
Matthew Keene: Don't fret my little ones. The coming hyper inflation and financial and social collapse will wipe that smug smile off your face. Meanwhile, the family next door will have a generator purchased on credit, and the kid will be playing x-box bought with money his rich aunt gave him for Christmas.

Why wait? There are so many ways in which those deluded snowflakes can be brought back to reality now...
- Banks, remember, that money needs to be in circulation to do any real good - ensure you tack on a "stagnant account" fee of some sort to slowly drain those statement savings accounts.
- Federal and state governments, remember, just because they're kids doesn't mean they don't have taxable income - stop this "I'm 12" loophole and start taxing income on children who work (but be certain gifts aren't taxable - we don't want to punish the rich children, just the poor ones.)
 
2011-12-20 06:08:44 AM
i heard being poor is a choice.
 
2011-12-20 06:18:25 AM
FormlessOne: Matthew Keene: Don't fret my little ones. The coming hyper inflation and financial and social collapse will wipe that smug smile off your face. Meanwhile, the family next door will have a generator purchased on credit, and the kid will be playing x-box bought with money his rich aunt gave him for Christmas.

Why wait? There are so many ways in which those deluded snowflakes can be brought back to reality now...
- Banks, remember, that money needs to be in circulation to do any real good - ensure you tack on a "stagnant account" fee of some sort to slowly drain those statement savings accounts.
- Federal and state governments, remember, just because they're kids doesn't mean they don't have taxable income - stop this "I'm 12" loophole and start taxing income on children who work (but be certain gifts aren't taxable - we don't want to punish the rich children, just the poor ones.)


I like the way you think.
 
2011-12-20 06:29:48 AM
I hate to break it to her, but for anyone currently under the age of 70, there is going to be no such thing as retirement.
 
2011-12-20 07:05:59 AM
Has anyone told these kids what evil pieces of shiat they are because they have money?
 
2011-12-20 07:44:48 AM
By the time I turned 14 I had only earned less than a thousand dollars, babysitting. Wouldn't be hard for this kid to have saved more than that.

/headline is misleading.
//or dumb.
 
2011-12-20 08:02:17 AM
brap: Actually I worked as a kid and had more saved than that. Of course I pissed it away at college but I'll always have my loss of memories.

You had $300,000+ saved by 18?
 
2011-12-20 08:05:57 AM
Alternate headline: Rob these children.
 
2011-12-20 08:11:10 AM
Klivian: I hate to break it to her, but for anyone currently under the age of 70, there is going to be no such thing as retirement.

Not true. My Mother is currently retired although she complained about xmas and the strictures of living on a fixed income... on a postcard... from Hawaii.
 
2011-12-20 09:38:55 AM
2011: "Fourteen year old has $10k."

From the article: "In addition to Apple, I've also invested in other stocks like Google, Microsoft and Rim"

2013: "Sixteen year old commits suicide."
 
2011-12-20 09:43:40 AM
I'm just gonna call bullshiat on half of this. It's easy to "save" money when you have been given it by your parents. And if they are not from wealthy families, those lovely thousands of dollars are going to get hoovered up by college and their 20's. Now, the girl with $300,000, I call double bullshiat. I absolutely think there's a typo in there, and it's meant to be $30,000. If it's $300K, then it's due to highly risky investments, in which case I dispute the idea that "for the next 35 years that money is only going to keep growing."
 
2011-12-20 09:43:49 AM
I saved $2800 up when I was 17. Then I bought a sweet 1982 Monte Carlo.
 
2011-12-20 09:44:32 AM
Sheesh a bunch of you arses woke up on the wrong side of the bed this morning. Good for these kids for savings and playing around with stocks while they still have time to recover. I only have $20k saved for retirement right now, but I haven't reached 30 yet so I'm not worried about it yet. My retirement plan is actually my husband though. He was like these kids and has enough money in various accounts that we could both comfortably retire at 60 and it will only grow until then. My retirement is basically fun money for going on trips and buying stuff.
 
2011-12-20 09:45:50 AM
So, fifty bucks or so?
 
2011-12-20 09:47:37 AM
tricycleracer: I saved $2800 up when I was 17. Then I bought a sweet 1982 Monte Carlo.

Money comes and goes but mullets and REO Speedwagon are forever!

/ '82 Saab 900 Turbo was my first car .... in '93 - looked like hell but took most things off the line
 
2011-12-20 09:47:57 AM
bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.


But she says that when she works, she puts 50$ a month away. At that rate it must have only taken her 500 years to save 300K...
 
2011-12-20 09:52:19 AM
The WindowLicker: bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.

But she says that when she works, she puts 50$ a month away. At that rate it must have only taken her 500 years to save 300K...


Born on third, thinks she hit a triple, etc.
 
2011-12-20 09:53:59 AM
Wait 'til he turns 21 and discovers strippers. It'll be gone in no time.

My paper route paid $2.52 a week. I had to put $1 of it in the Park Forest Savings and Loan. Felt like a big man walking in there every week and socking a dollar away. The other dollar went to bowling, 25 cents went to half a pound of juju jellies and the rest I blew.

My father closed my saving account and took out about $250 in order to finance his dream of owning a weekly newspaper.

Could never save another nickle again.
 
2011-12-20 09:55:36 AM
hailin: Sheesh a bunch of you arses woke up on the wrong side of the bed this morning. Good for these kids for savings and playing around with stocks while they still have time to recover. I only have $20k saved for retirement right now, but I haven't reached 30 yet so I'm not worried about it yet. My retirement plan is actually my husband though. He was like these kids and has enough money in various accounts that we could both comfortably retire at 60 and it will only grow until then. My retirement is basically fun money for going on trips and buying stuff.

Gee, how unusual.
 
2011-12-20 09:55:38 AM
The WindowLicker: bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.

But she says that when she works, she puts 50$ a month away. At that rate it must have only taken her 500 years to save 300K...


l2.yimg.com

"I'm a dancer."
 
2011-12-20 09:56:44 AM
hailin: Sheesh a bunch of you arses woke up on the wrong side of the bed this morning. Good for these kids for savings and playing around with stocks while they still have time to recover

This.

Good to see that some parents are taking the initiative in teaching sound money-management skills and habits, and that some kids aren't so bitter and filled with class-envy that they're willing to learn how to enrich themselves slowly with hard work and foregoing instant gratification.
 
2011-12-20 09:58:47 AM
SharkTrager: brap: Actually I worked as a kid and had more saved than that. Of course I pissed it away at college but I'll always have my loss of memories.

You had $300,000+ saved by 18?


No. More than that other kid.
 
2011-12-20 09:59:05 AM
hailin: Sheesh a bunch of you arses woke up on the wrong side of the bed this morning. Good for these kids for savings and playing around with stocks while they still have time to recover. I only have $20k saved for retirement right now, but I haven't reached 30 yet so I'm not worried about it yet. My retirement plan is actually my husband though. He was like these kids and has enough money in various accounts that we could both comfortably retire at 60 and it will only grow until then. My retirement is basically fun money for going on trips and buying stuff.

10/10

My eye actually started twitching for a second.
 
2011-12-20 10:00:13 AM
Fabian Fernandez-Han

Courtesy: Fabian Fernandez-Han
Age: 14
Age started saving: 10
Amount saved: $10,000
Hometown: Houston, TX


Haaaaaaaaaaaaan!
 
2011-12-20 10:01:08 AM
The WindowLicker: bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.

But she says that when she works, she puts 50$ a month away. At that rate it must have only taken her 500 years to save 300K...


Wasn't it she put $50 away and her family put $50 away. So it's $100/month, which makes a huuuge difference. It is indeed amazing that the 18 year old saved so much over the last 250 years.
 
2011-12-20 10:01:22 AM
GAT_00: Chana Goldstein

Courtesy: Chana Goldstein
Age: 16
Age started saving: 13
Amount saved: $1,000
Hometown: Jerusalem, Israel

I wonder what kind of commentary we're going to get on her?


I thought she would have been better with money. Having $1000 at 16 is not all that noteworthy. I was able to save more than that from the paper route I had in the mid-70's. Plus her nose is big.
 
2011-12-20 10:02:22 AM
Harry Freakstorm: Wait 'til he turns 21 and discovers strippers. It'll be gone in no time.

My paper route paid $2.52 a week. I had to put $1 of it in the Park Forest Savings and Loan. Felt like a big man walking in there every week and socking a dollar away. The other dollar went to bowling, 25 cents went to half a pound of juju jellies and the rest I blew.

My father closed my saving account and took out about $250 in order to finance his dream of owning a weekly newspaper.

Could never save another nickle again.


Ah yes. The S&L crisis of the early 90s.
 
2011-12-20 10:02:37 AM
DirkTheDaring: The WindowLicker: bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.

But she says that when she works, she puts 50$ a month away. At that rate it must have only taken her 500 years to save 300K...

[l2.yimg.com image 150x200]

"I'm a dancer."


She's gonna be an exploitable by lunchtime, isn't she?

/I mean an exploitable image macro meme, not an exploitable teenager with daddy issues
 
2011-12-20 10:03:30 AM
Onkel Buck: Has anyone told these kids what evil pieces of shiat they are because they have money?

Exactly. Lots of kids haven't saved anything! Don't they deserve their fair share?

Just think, the GOP would want to cut investment taxes that would reward these rich kids when we should be raising taxes so these kids have to share their wealth.
 
2011-12-20 10:05:43 AM
Their parents will steal it. That's where mine went!
 
2011-12-20 10:06:16 AM
tricycleracer: I saved $2800 up when I was 17. Then I bought a sweet 1982 Monte Carlo.

I did the exact same thing when I was 16, but my Monte Carlo was a '77. I miss that car.
 
2011-12-20 10:06:45 AM
Muta: Plus her nose is big.

It's not a big nose, it's a bumper to keep her from gagging...

/has a seat over there --->
 
2011-12-20 10:06:58 AM
RminusQ: It's easy to "save" money when you have been given it by your parents.

Even says so in their accounts of their...um...accounts.

Note: not a single black kid in the mix.
 
2011-12-20 10:10:00 AM
RminusQ: She's gonna be an exploitable by lunchtime, isn't she?

/I mean an exploitable image macro meme, not an exploitable teenager with daddy issues


Why can't it be both?
 
2011-12-20 10:11:50 AM
Wise_Guy: Gee, how unusual.

Well my retirement would be enough to support myself if we get divorced. Most of his investments are tied up in assets attained before marriage and we have a pre-nup in place so I wouldn't be able to touch any of that (for your misogynist farkers out there). If both of us were to retire we would need to use his money, which I guess I misspoke. His money is enough for both of us to retire right now if we were 60, but not enough to retire right now.

It is a pretty fair deal considering I work 40 hours a week to pay for most our living expenses while he just lives off the dividends he makes on his investments plus a job he works ten hours a week at (something he loves doing) which is still only about half what I make in income, We have the bills split up about 60-40 (I pay 60% of them) right now. I think that is fair since before we met/married he paid off his car, had no debts, and paid off his house plus had money saved up specifically for a honeymoon so we didn't go into any debt with the marriage/honeymoon (I had the wedding money saved up). We are pretty frugal and live modestly enough though we can continue to put money away is savings every month (though not as much as we could I suppose, but we need fun money too). When we have kids, I expect that bill split to be about 70-30 since I think it is fair for me to monetarily take on more responsibility since he has agreed to be a stay at home dad and reduce his hours at work to maybe ten a week or less.

So the way I look at it I'm am shouldering most the responsibility until retirement and then it is his turn. Of course Farkers are hating on any woman that would DARE touch her husband's money so go ahead and hate away.
 
2011-12-20 10:13:22 AM
I had several thousand saved when I went to college.

Spent 1500 on a computer and the rest on beer lol!
 
2011-12-20 10:14:09 AM
xanadian: RminusQ: It's easy to "save" money when you have been given it by your parents.

Even says so in their accounts of their...um...accounts.

Note: not a single black kid in the mix.


No banks I know of take watermelons on deposit,

I'll have the fish, and a window seat, please.
 
2011-12-20 10:16:42 AM
Talon: These kids live at home and have no real expenses...

And parents who fill their heads with politico-economic polemic like "this generation will not be able to rely on Social Security."

Get an education and get a job. You haven't earned a retirement until you've actually contributed something to society, and no, taking money you didn't earn and buying shares of Apple doesn't count.

/Future One Percenters Of America.
 
2011-12-20 10:18:46 AM
I'm pretty sure itis a violation of ETrade and ScottTrade TOS for a 14 year old to own accounts.
 
2011-12-20 10:19:37 AM
The WindowLicker: bulldg4life: I highly doubt that chick's ability to save $300,000 by the time she was 18.

Most notably the part where it saves money she was given as gifts. So, a family member probably gave her $295,000.

But she says that when she works, she puts 50$ a month away. At that rate it must have only taken her 500 years to save 300K...


Internet Rich Guy Moment: I'm just going to say that I've saved between $15k and $20k every year for the last 11 years and with the vagaries of the market, I've only got about $200k.

This girl has $300k off of $50 a month for 7 years? That's gotta be a typo.
 
2011-12-20 10:19:42 AM
Joke is on you kid, retirement age will be well past life expectancy.
 
Displayed 50 of 120 comments

First | « | 1 | 2 | 3 | » | Last | Show all


This thread is closed to new comments.

Continue Farking
Submit a Link »