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Opened first checking account. Opened it because I just began to rent my first college apartment, and aside from paying for college, I needed the extra money. Just in case of emergency, and to pay for the other bills like water, electricity, and most importantly rent.
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On this date, I got my first job at a finance agency in California.
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Today is the two year anniversary of my first job, and I am beginning to have excess money in my checking account (I'm not running out of money). At this two year mark, I was 25, and I also began to make low-risk investments in bonds and mutual funds.
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At this point in my life, I had been working for 9 years, then got married, and was looking to buy my first home. My beginning investments were doing well, and because of those I have some experience under my belt. Now, at this point in my life, I was able to accept more risk, so therefore I was able to invest on a more REGULAR and PLANNED basis. Participating in bonds, mutual funds, and some stocks.
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Two after buying my first home, I bought my first new car. I had some extra money, because of give and take account that is now fluctuating, and my beginning investments. I needed to pay car payments for a couple of years.
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My first child was born.
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At this point my kids are getting older, almost moving on to college. I have a stable checking account, I have dabbled in basic and systematic investments, and have PLANNED investments under my belt. My first child is going to go to school in 6 years, and I want to start investing strategically, I was investing in stocks and bonds in this point in time.
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Aside from a 401K from work, I began to invest in an IRA for extra money for retirement.
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Because I am 71 1/2, I must begin to take out money from my retirement accounts.
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On my first day of returemet, I was 80 and ready to enjoy my life. Although I have plenty amount of money from my 401k, I want my excess cash to fluctuate in things like penny stocks and collectibes to hopefully get extra money to travel.