$500 a month pay raise!!! What shall I do?
Treated everyone in the office with pizzas. What shall I do with this pay raise from now? Any ideas?
whoa! I sure hope Zopa doesn't read this thread. I bet she'd bring a mean can of whoop-ass to SF.quote:Originally posted by static:
I suggest that you adopt a new boyfriend from the San Francisco Bay Area.
Investing the raise money, pre-tax, in a 401k plan at work can earn you a serious amount of money. Go to this 401k calculator to see exactly how much money you're talking about if you save that amount for ten, twenty or more years.
If your employer matches your contribution in whole or part, this is a 100% return on investment for every dollar you contribute. For your overall portfolio, try assuming a (modest) 5% average annual return on your investment, and make sure you're sitting down when you see how much money you're looking at.
And, twenty five years from now, I suggest you adopt a new boyfriend from central Indiana.
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