money talk
i dont usually get into personal finance, at least, i can’t remember any instances of discussion of it on any of my blogs in the last 6 years…other than boasting when we finally became debt-free and lifted that burden off our shoulders.
but here’s something i am really excited about. i opened my first Roth-IRA this year, and we have been contributing for a few months. Of course, I haven’t seen any growth, but I don’t check it every day because I am going to leave it in there for 35 years. BUT, the part that does excite me is that alot of mutual funds have a $500 minimum starting balance, and if I put $25 in every week, that means I’ll be putting money in a new mutual fund every 4 or 5 months. That might sound like no “Big Deal”. But it is a big deal because I never got good at investing before. I never really had a savings account that I proactively added to. This is fun.
And just in case you have never done the math …
$500 initial deposit + ($100 /mo * 30 years) @ 12% (avg) ~= 320,000
And that doesn’t include my 401K which gets deposits in excess of $500 /mo (which will end up with $2.2 Million in 30 years) 
Fun stuff.
Jess
February 10th, 2007 at 5:48 pm #
You are a nerd, but I love you.
Rich
February 13th, 2007 at 8:02 am #
I used to save money, then we had a baby and my wife stopped working.