Decision

Okay I really want a new Mac, and I mean really. I was supposed to buy one but that is when this decison came in the way. I have the money but the problem is, there is this account thing at my bank where I can make lot's of profit (about double my current balance every year), but for that I'll obviously have to wait. But I can't wait because I'm too tempted. So that is my decision wait and get more, or get something now and don't get more. Should I try to make money somehow? Any ideas? I don't have a job, I'm a young teen (under-age). Thanks. Sorry don't know if this is the right place to post this.

Why not just ask your parents for an advance loan on the Mac and then pay them back when you get more money?

double your money every year??? WOW a millionaire in 10 years for every grand you start with!! I love compound interest!! Wait! PS be careful. the name Madoff comes to mind.

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exactly my thoughts!!
frankmezz!!!!!!!!
except with wat i hav its 1 600 000 in ten
thanks so much CrimsonRequiem
im sooooo stupid why didnt i think of that
UR THE BEST

Ballr24 said:

. I have the money but the problem is, there is this account thing at my bank where I can make lot's of profit (about double my current balance every year), but for that I'll obviously have to wait.

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Wow, can you tell us what bank that is? I've never heard of that kind of return without a great degree of risk to the principal.

Remember, if it sounds too good to be true, it usually is...

Yeah, share this "account thing" with the rest of us. I'm in for doubling my money in a year.

Ballr24 said:

I have the money but the problem is, there is this account thing at my bank where I can make lot's of profit (about double my current balance every year)

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Like everyone has said or alluded to, there is no way this is true if there is no risk. Have you told your parents about this? No bank would give you this kind of return. This would be a horrible business model.

As such, I am going to refrain from giving you advice until you clear up this fairly obvious scam or misunderstanding.

yeah u guys r probably rite my dad told me about it. but im still not sure if it is actually double though probly just a smaller amount of interest im in canada so its cibc its sum sort of tax rebate thing anyway but i dont know much about banking or anything im only a teen

So sorry guys I misunderstood it it was a smaller interest per year here not sure how much though

A smaller amount of interest sounds more like it. It sounds like this "new" plan is a move to a savings account from a chequing account. No banks here in Canada give interest that leads to a doubling of your bank account. If they did, I'd be rich.

As for your original question, get the machine you want and when you want since it is now obvious that you don't have a magical bank account. I don't know what this plan is at CIBC but I can't imagine it's a large amount of interest unless it was an investment. If it isn't a large increase in interest, you wouldn't likely be making a lot of money on interest.

I would go ahead and just get it. What model are you looking at?

Interest is never going to be a way to earn much money because 100% interest doesn't exist. XD

So yes, go get it.

I'm looking at the 13 inch MacBook Pro, 2.53GHZ, 4GB Ram, 250GB HDD. So yeah I'll go and buy it as soon as I can. Thanks guys!

Don't get into the interest loop of wishing for more money, Buy it now because you could die any-day.
Not being scary but nobody knows when their time is up and you must enjoy what you can when you can. (If you have the money, no loan stuff!)

And before you say anything to that, I had a motorcycle crash in Feb 09 because of some idiot driver taking me clean out.

Almost took my life.

oh srry 2 hear bout that BlooGrape nd thnks im going to get one soon as snow leapords out this friday!

Ballr24 said:

oh srry 2 hear bout that BlooGrape nd thnks im going to get one soon as snow leapords out this friday!

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Good Lad