How much money do u think bootleggers(people who burn CD and DVD's and sell them on the street)make in a year?
I acutally know a guy who did this while in college. He lived at home with his mom and dad and had a part time job at a clothing store. He had to give his parents all the money he made and have them put it in a side account for him because the bank would get suspicious when he would come in with wads of $5,$10,and $20. They figured how could an 18 year old make $60,000 a year working part time at Old Navy? When he graduated college,he had enough money to buy him a $130,000 home and a brand new vehicle,and still had money in savings. He paid all of that in cash. He said that he almost got busted a few times and actually had to stop halfway thru his senior year because the cops were suspicious.
Should I put my money in a CD?
This question is for people who keep their money in a CD (Certificate of Deposit) and people who are familiar with how CDs work. I just graduated college and got a full time job. A couple of people have told me to put some of my earnings into a CD. I have a friend who has one that she is using towards her retirement. I'm thinking of doing the same. What are some things to look for when choosing a bank to open a CD with? What are some pitfalls, conditions, etc that I may run into? Is a CD really that much better than just having a regular savings account? Thanks. I appreciate your help.
What is the minimum amount to put money into a CD?
i just turned 18, and i came about around 100 dollars.. i want to be smart with it.. but i don't know what to do with it, i thought treasury bonds was a good idea, but apparently the interest on that today is not worth it and the ability of the government to pay back is, also apparently questionable, if i put it in savings then i only get back cents worth of interest plus i believe i also have to pay a monthly fee and i have to keep a certain amount there at all times, so that doesn't seem worthwhile either. but the CD's seems like a good idea - the only problem here i believe is that i cant touch it for a certain amount of time right? but don't i get good interest returns? i would ask my dad, but i don't want to get laughed at, because of the fact that him and my mom work hard and has a couple of bank accounts so they know all about all of these accounts and terms and condition etc. i would also ask the bank but i don't know even where to start and especially i don't want to get laughed at if I'm only putting in 100 dollars - is that a reasonable amount? and if its such a good idea because why aren't more people - probably smarter than me - why aren't they doing it? please help thanks.