Retire At 21

[bika]

Originally Posted by puchchu

Are you serious? If yes, then you are out of mind. Very silly.

Is it just 21 or 91? I am confused. I am also 21 so what should I think? Should I also think about retirement?

[luvbunnies42]

Originally Posted by bika

Is it just 21 or 91? I am confused. I am also 21 so what should I think? Should I also think about retirement?

Thinking about retirement and actually planning to at your current age is something different.

I think 21 is a good age to start looking at options available and to start saving money so one day you can retire and not have to work into your late 60's.Most 401k's can't be started intil your 21.If you work I'd see what your job has available to you.It's a start every little bit helps.You can often barrow against your 401k to if you'd ever need a house.

[navtej]

Originally Posted by luvbunnies42

The thing is 100.00 a week is not alot.When you are out on your own and paying bills you will understand. 100.00 here doesn't even cover our groceries a week.Not to mention if you want to go back to school,need gas in the car, and have medical bills.I think its great what you are working on but ideally retiring at 21 isn't going to happen unless you'd strike it rich and the cost of living wouldn't be rising constantly.I think you should re-evaluate in a few years.Start saving and investing but you need to really consider some other things before setting such a high goal that is still so far off to predict what will and could happen.

Ya but 100$ a week is because i am in school and i have to do homework. With summer coming up i will make alot more than that with the extra time!

This is a base, in a few years i can easily sell of my established sites at around 25k+.

I am investing everyday, for example just yesterday i made a site, advertised it and sold it for 15$. Not everyone can do that.

So maybe it wont be 21 but before 30 for sure and i dont plan on having a day job! ( Dont worry i am in school with marks in the high 80's low 90's )

[bluedog]

are you kidding me you want to retire at age of 21? or you are 21 years old? I don't think so you can retire if you are young and want to retire at age 21 it simple impossible.. maybe if you have parents very wealthy! so you don't have to care about money.. but build your financial "wealthy portofolio" take times.. and money of course..

[navtej]

are you sure... because 6500$ a month *12= 78000$ annualy

That means by 21 = 78000*6= 468000 and after that, the money still keeps coming from sites.

[guru]

Retiring at the age of 21 not sounds good.That is the age to start the work, in my opinion.