"IMO putting so much money aside , whiile being young is not a good idea. In general the value of money goes down as people mature. Normally people earn more in the middle age and it's easier to putmoney aside"
WOW. That is so wrong that I dont even know where to start.
We're like them little bitches on the chess board.
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![[As]](http://livepokerforum.com/images/smilies/As.gif "The Ace of Spades")
by Zmej » Wed Apr 11, 2007 6:40 am
Hum. We probably have different background. In my experience people earn pocket money in 17-23, earn a basic salary 23-28. If they work hard and get promotion they start to earn some interesting money 28-35, and somewhere after 45 they could get big boss money.
Well, I think that if you coompare the average salary for different age groups (I am not sure if such stats are availavle), you'll get a peak at about 45.
Well, I think that if you coompare the average salary for different age groups (I am not sure if such stats are availavle), you'll get a peak at about 45.
"#3 pencils and quadrille pads."
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
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Zmej - Posts: 2307
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by geiststaat » Wed Apr 11, 2007 7:37 am
"A big day in my career was the day I realized that tomorrow I would still be a tilter." -- Tommy Angelo
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geiststaat - Posts: 600
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by Juskimo » Wed Apr 11, 2007 9:18 am
[23:42] Mekos King: and lookin bck on it all
[23:42] Mekos King: I FEEL RICH JEWISH GUILT
<spank_her_pair> whats everyone up 2?
<stickdude> watching Pok's AA get stomped on by Jus's AK
<PocketSevens> For those who missed it there's proof that when you eat a lot of fish you turn into one
http://juskimo.blogspot.com/
j[d]
[23:42] Mekos King: I FEEL RICH JEWISH GUILT
<spank_her_pair> whats everyone up 2?
<stickdude> watching Pok's AA get stomped on by Jus's AK
<PocketSevens> For those who missed it there's proof that when you eat a lot of fish you turn into one
http://juskimo.blogspot.com/
j[d]
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Juskimo - Rolled up since '05
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by Danhdan » Wed Apr 11, 2007 2:08 pm
I am going to take it a step furthur, Jus, because Zmej's thinking on this one is quite wrong IMO(and that's pretty rare considering all his other posts are really informative to me). BTW, I believe your example was for monthly growth, not annual growth(Annual growth =$173,796 / quarterly growth=$190,159).
If Xas takes $8000 a year for ten years(between 21 to 30), and puts it into the same 8% investment(compounded yearly), and then between 31 to 60 years of age NEVER adds another dollar to that investment, after 40 years he will have amassed $1,259,480.97. (Please check my calculations if you want...it's been awhile since I've done the numbers like this.)
If he decided to wait until he was 30 to start putting away $8000 a year every year until he was 60, at the same rate of return, he will have amassed $978,766.50. That is quite a bit of difference in money and has always been the most important reason for investing early IMO.
I'm no expert, and I like my women, wine and song, if I was 21 though I'd get the cheaper bottle of wine, that's all.
If Xas takes $8000 a year for ten years(between 21 to 30), and puts it into the same 8% investment(compounded yearly), and then between 31 to 60 years of age NEVER adds another dollar to that investment, after 40 years he will have amassed $1,259,480.97. (Please check my calculations if you want...it's been awhile since I've done the numbers like this.)
If he decided to wait until he was 30 to start putting away $8000 a year every year until he was 60, at the same rate of return, he will have amassed $978,766.50. That is quite a bit of difference in money and has always been the most important reason for investing early IMO.
I'm no expert, and I like my women, wine and song, if I was 21 though I'd get the cheaper bottle of wine, that's all.
"Million dollar play, ten cent finish."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
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by Stoneburg » Wed Apr 11, 2007 2:26 pm
If 8k in a pension fund generates more money than 8k in his bankroll, he should quit poker.
And starting to plan for your old age when you're 19 (or whatever Xas is)... what the hell is up with that? You will never get laid with that attitude.
And starting to plan for your old age when you're 19 (or whatever Xas is)... what the hell is up with that? You will never get laid with that attitude.
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by Danhdan » Wed Apr 11, 2007 2:31 pm
"Million dollar play, ten cent finish."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
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Danhdan - Posts: 3364
- Joined: Mon Nov 08, 2004 7:04 am
- Location: California
by Zmej » Wed Apr 11, 2007 2:38 pm
"#3 pencils and quadrille pads."
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
-
Zmej - Posts: 2307
- Joined: Wed Mar 29, 2006 5:44 am
- Location: France. (Russian origin.)
by pokerzen » Wed Apr 11, 2007 2:48 pm
<Big_Leon> start with the RAZZ tourney?
<pokerzen1> when did the razz tourney start?
<Big_Leon> starts in 2 minutes
<Big_Leon> just drew seats
<pokerzen1> too late then
<pokerzen1> damn damn damn
<Big_Leon> no, it's not too late gogogogogo
<pokerzen1> what's the tourney number?
<Big_Leon> 55852225
<Big_Leon> password is - irunbad i think
<Big_Leon> irunbad
<pokerzen1> made it
<pokerzen1> okay now how do you play razz?
<Big_Leon> i have no idea
<pokerzen1> when did the razz tourney start?
<Big_Leon> starts in 2 minutes
<Big_Leon> just drew seats
<pokerzen1> too late then
<pokerzen1> damn damn damn
<Big_Leon> no, it's not too late gogogogogo
<pokerzen1> what's the tourney number?
<Big_Leon> 55852225
<Big_Leon> password is - irunbad i think
<Big_Leon> irunbad
<pokerzen1> made it
<pokerzen1> okay now how do you play razz?
<Big_Leon> i have no idea
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pokerzen - Pro (Online)
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by Danhdan » Wed Apr 11, 2007 2:50 pm
"Million dollar play, ten cent finish."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
"My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives."
"Laugh and the world stares at you; cry, and the world stares at you."
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Danhdan - Posts: 3364
- Joined: Mon Nov 08, 2004 7:04 am
- Location: California
by pokerzen » Wed Apr 11, 2007 2:52 pm
<Big_Leon> start with the RAZZ tourney?
<pokerzen1> when did the razz tourney start?
<Big_Leon> starts in 2 minutes
<Big_Leon> just drew seats
<pokerzen1> too late then
<pokerzen1> damn damn damn
<Big_Leon> no, it's not too late gogogogogo
<pokerzen1> what's the tourney number?
<Big_Leon> 55852225
<Big_Leon> password is - irunbad i think
<Big_Leon> irunbad
<pokerzen1> made it
<pokerzen1> okay now how do you play razz?
<Big_Leon> i have no idea
<pokerzen1> when did the razz tourney start?
<Big_Leon> starts in 2 minutes
<Big_Leon> just drew seats
<pokerzen1> too late then
<pokerzen1> damn damn damn
<Big_Leon> no, it's not too late gogogogogo
<pokerzen1> what's the tourney number?
<Big_Leon> 55852225
<Big_Leon> password is - irunbad i think
<Big_Leon> irunbad
<pokerzen1> made it
<pokerzen1> okay now how do you play razz?
<Big_Leon> i have no idea
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pokerzen - Pro (Online)
- Posts: 1742
- Joined: Tue Nov 14, 2006 12:36 pm
- Location: I'm from Canada, eh.
by Zmej » Wed Apr 11, 2007 2:55 pm
"#3 pencils and quadrille pads."
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
- Seymoure Cray (1925-1996) when asked what CAD tools he used to design the Cray I supercomputer; he also recommended using the back side of the pages so that the grid lines were not so dominant.
"Interesting - I use a Mac to help me design the next Cray."
- Seymoure Cray (1925-1996) when he was told that Apple Inc. had recently bought a Cray supercomputer to help them design the next Mac.
-
Zmej - Posts: 2307
- Joined: Wed Mar 29, 2006 5:44 am
- Location: France. (Russian origin.)
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