[N8 v2.0]

Is he a good investment or not...

*Working Life that is...

http://cgi.ebay.com/2-of-Ron-Steens-Future-Earnings-For-College-Money_W0QQitemZ110018311959QQihZ001QQcategoryZ26261QQrdZ1QQcmdZViewItem

 

[ktmsx]

get him to take a life insurance policy out in your name and it might be worth it...2% for life would add up.$$$$$

 

[COmtbiker12]

hahaha.

I found this question amusing...

Q: If I bid $100.000 and win will I receive $2000 back?

 

[jimmydean]

I am going to study communications...

So he will be working at a McJob for the rest of his life. What does 2% of nothing work out to be over 20 years?

 

[I Are Baboon]

I want succeed, and I will. I am going to study communications...

Yeah good luck with that.


Edit: I see jimmydean and I think alike.

 

[Ridemonkey]

Uh...his "plan" is to make $750,000/yr every year of his working life...nice plan. Yeah, I plan on that too....

Realistically, if he get's a good job at $100k/yr it's going to take 50 years to break even.

Cute idea though.

 

[jimmydean]

I wonder if he would take a Western Union transfer for $150,000 and send me the $50,000 back to me overseas?

 

[jonKranked]

anyone willing to bet he's a crackhead on the streets sawing sparkplugs off of motorcycles for a crack pipe within 10 years of graduating?

 

[bella]

why does he need a 100,000 cal state fullerton doesnt cost nearly that much

 

[jonKranked]

 

[BigMike]

thats amazing!

 

[reflux]

why does he need a 100,000 cal state fullerton doesnt cost nearly that much

Strippers.

Seriously. I went away to school for 5 years (in state though) at a Cal State school, and my total bill probably came to around 35-40k. With higher tuition and stuff nowadays, maybe add 5 to 10k to that.

If this kid is truly serious, he would take into account the future value of a dollar. In finance terms, one dollar in 2006 is worth different than one dollar x years from now. My uneducated guess is that his breakeven wages need to be twice as much.

 

[luelling]

I like all of the questions people asked. I had big ambitions when I started school and figured I was going to make bank....as I got closer to graduation reality set in. Oh well. At least I did engineering and not communications, so the starting pay was higher

 

[maxyedor]

It looks like he plays golf from the patio of his Aniheim Hills home. His parents have the cash, he is just a dumbass, but if he gets the cash, I will be posting a similar auction and will go back to shcool.

 

[Transcend]

And he has a really bad golf grip.

 

[splat]

If he is that Ambitious and knows he is going to be able to make that much $$$$$, How come he hasn't made the 100K yet! some one who knows he will make Money should have been able to make a Measley 100K by now

 

[partsbara]

'After I complete my education I plan on making at least 30 million dollars in my lifetime.'





damn blood nut... american translation = 'stupid red head'

 

[binary visions]

Where else can you invest in something that pays off every year and has the potential of making you over six times your money? Not the stock market, not real-estate, definitely not gambling. I can't really think of any one thing that pays off ever year like this.

Um, over 40 years? If you can't find something that will give you 600% of your initial investment over 40 years, then you've made some pretty bad investments. Compound interest is a beautiful thing.

Hell, investing $10/week into something that will earn you 7.5% interest, by the time compound interest is done, you'll have earned $132,231 with an actual investment of $19,200. That's close to 700% profit.

 

[dante]

Uh...his "plan" is to make $750,000/yr every year of his working life...nice plan. Yeah, I plan on that too....

Realistically, if he get's a good job at $100k/yr it's going to take 50 years to break even.

Cute idea though.

ya right, except for time/value of money. he wants the money upfront and won't even start paying it back for almost 6 years (he doesn't graduate till Spring 2012). if you invested that 100k at 8% interest, you'd have 160k by the time he graduated.

Then if you had invested it, you'd get $12,800 that year in interest alone. *Assuming* that he landed the dream $200k job right out of college (hahahahahahahahahaha!! ) , he'd send you a whopping $4k.

More likely he'll get a job flipping burgers for minimum wage and you'll get a check for 200 bucks.

 

[neanderthal]

10 bucks says nobody bids and he ends up with one very, very expensive ebay ad.

 

[ALEXIS_DH]

bad marketing.
he should have started at 1 buck. that would have given him some media exposure.
and then, network externalities and a bunch of idiots would get him a reasonably interesting price, kinda like the kid selling pixels on a website.

 

[BigMike]

10 bucks says nobody bids and he ends up with one very, very expensive ebay ad.

if nobody bids, it will only cost him like $3. if someone bids, THEN it will be expensive!!!!