Things you've wasted lots of money on when you were younger

[meleader2]

so it's average 10-12 y/o with ~3k spent on garbage.

sorry excel doesn't paste well in this quote box...


initial
$3,000.00
0.1
0.1
1 $3,300.00 0.1 $300.00
2 $3,630.00 0.1 $330.00
3 $3,993.00 0.1 $363.00
4 $4,392.30 0.1 $399.30
5 $4,831.53 0.1 $439.23
6 $5,314.68 0.1 $483.15
7 $5,846.15 0.1 $531.47
8 $6,430.77 0.1 $584.62
9 $7,073.84 0.1 $643.08
10 $7,781.23 0.1 $707.38
11 $8,559.35 0.1 $778.12
12 $9,415.29 0.1 $855.94
13 $10,356.81 0.1 $941.53
14 $11,392.50 0.1 $1,035.68
15 $12,531.74 0.1 $1,139.25
16 $13,784.92 0.1 $1,253.17
17 $15,163.41 0.1 $1,378.49
18 $16,679.75 0.1 $1,516.34
19 $18,347.73 0.1 $1,667.98
20 $20,182.50 0.1 $1,834.77
(year)(total money)(interest)(interst paid that year) <---column definitions

sum of all interest:
$17,182.50


here's 3k 20 years 10% compounded interest. would u force your kid to put his money in an index fund (QQQQ) or would u let him waste it on cards?

[elrudo]

hundreds of $$$


possibly thousands of $$$


definitely tens of thousands of $$$


Good times.

[Badger]

[ QUOTE ]
Why is/was buying a CD a waste of money?

[/ QUOTE ]
CDs disappear all the time. I've bought maybe a dozen CDs in the past 3 years, and I couldn't tell you where any of them are. I just have a bunch of empty jewel cases.

Even when I was in high school and had a ton of them I tried to keep track I was always losing them. The ratio at which CDs left me, as opposed to magically showing up seemed to be about 3 or 4 to 1.

What I blew a lot of money on 9 years ago when I got my first car at 17 was a stereo system. I spent over $1500 on an amp, wiring, subs, speakers, and cd player. At $7.50 an hour that represented over 200 hours of work.

[Los Feliz Slim]

[swityak11]

[ QUOTE ]
here's 3k 20 years 10% compounded interest. would u force your kid to put his money in an index fund (QQQQ) or would u let him waste it on cards?

[/ QUOTE ]
I'd let him be a kid and waste it on baseball cards and music. If my 10 year old by some freak nature is aware of and has an interest in investing in index funds, they can have at it I guess.

[MissT74]

Age: 10-14 Leak: Star Wars action figures, the ships, the battlestations, everything and anything Star Wars.

Age: 15-17 Leak: Cassette tapes (think 18 years ago!!), I had at least 500 tapes, my Dad would get mad at me, threw my 2 Live Crew tape out the window on the highway. [img]/images/graemlins/frown.gif[/img]

T

[JJSCOTT2]

First thing that came to mind was drugs. But I guess it all depends on how you define waste, I mean you could say that spending money going to see movies is wasteful too because you don't "get" anything from it.

I spent nearly 100% of my money between the ages of 15 and 17 on paintball which I don't really consider a waste even though it was a [censored] ton of money because it was an activity that I enjoyed.

Right now, most definitely cigarettes, such a dumb thing to do in the first place let alone to pay pretty obscene amounts of money for it.

[guids]

[ QUOTE ]
[ QUOTE ]
stereo equipment for my car

[/ QUOTE ]

as in blown out speakers? i've spent a lot of $ on my stereo crap too, i guess i should add that. but it wasn't lots of small crap that built up. you buy it once, you have it forever. i guess i could see where ur coming from though, my biggest buy is the Kenwood Music Keg for 600$ (20gb hard drive cd changer)

[/ QUOTE ]

nah, not blow out speakers, but amps, subs, etc, there was no need for me to have 2 12 inch subs that would rattle your teeth out in my wrangler, and while I did get enjoyment out of all of it, I guess I condiser it a waste.

[Blarg]

[ QUOTE ]
[ QUOTE ]
Why is/was buying a CD a waste of money?

[/ QUOTE ]b/c now everybody uses mp3s

[/ QUOTE ]

You can still make mp3's out of CDs, and they won't be copy-protected.

[Blarg]

[ QUOTE ]
[ QUOTE ]
I don't feel like I ever wasted money other than losing at poker when internet poker first hit.

what i view as well spent money went towards

muscle men

and later, to creepy crawlers which actually ended up making money because I parlayed it into a profitable playground business. my friend and i were local legends when it came to creepy crawlers, artists in a league of our own. People would pay upwards of $3 for a custom-colored scorpion.





edit to add that the [censored] oven burnt the [censored] out of me on several occasions.

[/ QUOTE ]


this is awesome.

[/ QUOTE ]

Yeah I woulda dug on that big time. Making money off it too? Holy hell, too great.