How's this for a garage-find?

[dguy]

Rare Bugatti found in garage sells for nearly $5.5 million

[FieroBUZZ]

The ultimate RRSP

[falcon_ca]

I just coming back from my garage. 

just in case...
 
Unfortunatly, there is only a little Fiero in there.... 

[aaron88]

It's not realy that big of a pay off.  A little over 10% compound anually.  I make 15% on my investments.  So lets say I invested $2000 today.  In 72 years that will be almost $100,000,000.  I'll take that over a car any day.

Lets say that with inflation I figure I want to retire in 30 years with 2.5 Million dollars (let's also say that's 30 years from when I was 18).  I would have to find a way to invest $30,000 today.  That's it, thirty grand.

Most people think buying a house is a great investment.  Well yes, it's better than paying rent, but don't use it to retire on.

The real kicker is that I knew all of this when I was 18 but I still haven't managed to invest more than $5000!  I'm way behind.

Aaron

.

[falcon_ca]

It's not realy that big of a pay off.  A little over 10% compound anually.  I make 15% on my investments.  So lets say I invested $2000 today.  In 72 years that will be almost $100,000,000.  I'll take that over a car any day.

Lets say that with inflation I figure I want to retire in 30 years with 2.5 Million dollars (let's also say that's 30 years from when I was 18).  I would have to find a way to invest $30,000 today.  That's it, thirty grand.

Most people think buying a house is a great investment.  Well yes, it's better than paying rent, but don't use it to retire on.

The real kicker is that I knew all of this when I was 18 but I still haven't managed to invest more than $5000!  I'm way behind.

Aaron

.

as most of us...

[87GT]

Just a few words from an old retired guy - retired 2005, now 65 yrs. - pay yourself first every month into a conservative RRSP (and/or TFSA) starting now.

Not Fiero or even car related info for this forum, but it keeps the hobby going when you have more time to do it.