Guest Author - Sharon Michaels
Abundance and Wealth Newsletter readers have asked me to compile the weekly “Did You Know” questions into special articles.
Here’s the fifth collection. I’ve also included the “Pearls of Wisdom.”
You can always find the answers to the “Did You Know” questions on the Abundance and Wealth forum the same day the newsletter is sent to our subscribers.
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This collection covers March 4, 2008 – March 25, 2008.
March 4, 2008
Featured article:
Your Wealth Beliefs
Here’s the link:
Your Wealth Beliefs
“Did You Know” Question:
Did you know that when applying for credit the income, financial assets and credit history of both parties are taken into consideration for a _______ account?
a. debit
b. joint
c. reverse
The correct answer is b. joint
Suze Orman in her book Women and Money recommends that we have at least one credit card that is in our name only. It’s fine to have joint accounts but for establishing credit in your own name, have your own credit card too.
“A gambler is someone who plays the slot machines, I prefer to own the slot machines.”
Donald Trump
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March 11, 2008
Featured article:
Wealth Facts and Figures
Here’s the link:
Wealth Facts and Figures
“Did You Know” Question:
According to David Bach in “Smart Women Finish Rich,” did you know that a typical _____ _____ mortgage at 8 percent inflates the real cost of a $250,000 home to more than $660,000?
a. 5 year
b. 15 year
c. 30 year
Correct answer: c.30 year
David Bach believes that the biggest single scam perpetuated on American homebuyers is the 30-year mortgage. Your mortgage generally ends up being more than two and half times the actual price of the house at the end of thirty years.
“What you don’t owe won’t hurt you.”
Anonymous
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March 18, 2008
Featured article:
Helping Children Build Wealth
Here’s the link:
Helping Children Build Wealth
“Did You Know” Question:
Did you know that most American millionaires save between 15 and _____ percent of their income?
a. 20
b. 35
c. 40
The correct answer: a. 20%
May be that’s part of the reason they are millionaires!
“Lack of money is the root of all evil”
George Bernard Shaw
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March 25, 2008
Featured article:
The Power of a Penny Doubled
Here’s the link:
The Power of a Penny Doubled
“Did You Know” Question:
Did you know that the Euro is the common currency for ______ European Union nations?
a. 10
b. 12
c. 15
Correct answer: c. 15
The Euro was established as the common currency for the European Union in 1992. It is the sole currency for 15 nations - Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovenia and Spain.
“The highest use of capital is not to make more money, but to make money do more for the betterment of life.”
Henry Ford
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All past issues of the Abundance and Wealth Newsletter are archived at:
Abundance and Wealth Newsletter
All past Abundance and Wealth featured articles are archived at:
Abundance and Wealth Featured Articles
Answers to the past Newsletter questions can be found on our forum:
Abundance and Wealth Forum
