Abundance and Wealth Newsletter readers have asked me to compile the weekly “Did You Know” questions into special articles.

Here’s the eight collection. I’ve also included the “Pearls of Wisdom” quotations.

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 June 3, 2008 – June 24, 2008.

June 3, 2008

Featured article:
Prince Charming Isn’t Coming – A Review

The Seattle Times reviewed Barbara Stanny’s book Prince Charming Isn’t Coming and said, “A heart-to-heart talk about the psychological and financial tools women need to take control of their economic destiny.”

Here’s the link:
Prince Charming Isn't Coming - A Review


“Did You Know” Question:

Did you know that the majority of U.S. households have no credit card debt? About a quarter have no credit cards, and an additional 30 percent of households pay off their balances every month? (Source: Federal Reserve)

TRUE

FALSE


The correct answer is: True

According to CardRatings.com during 2005 credit card companies mailed a record 6 Billion mail solicitations to American households. The response rate to these solicitations was 0.03 percent.



Here’s the financial “pearl of wisdom” for the week:

“It takes as much imagination to create debt as to create income.”
Leonard Orr


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June 10, 2008

Featured article:
Three Myths About Creating Wealth

Money myths are those “truisms” we grew up hearing as children that are deeply ingrained within our adult belief systems. These myths now affect our unconscious desire and conscious ability to create wealth. Let’s take a look at how three of these myths may be affecting your wealth building.

Here’s the link:
Three Myths About Creating Wealth


“Did You Know” Question:

Did you know that approximately ______ percent of credit card users paid their balance in full each month in 2006?

a. 20

b. 40

c. 50


Correct answer: b. 40%

Suze Orman in her book, Women and Money distinguishes between good debt and bad debt. Credit cards, she believes, are the ultimate in bad debt. Paying off a credit card balance each month is one of the wisest thing to do.



Here’s the financial “pearl of wisdom” for the week:

“Once you have decided to keep a certain pile, it is no longer yours; for you cannot spend it.”
Montaigne



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June 17, 2008

Featured article:
The Quiet Millionaire – A Review

Do you want clear financial goals, objectives and timelines? If you’re truly serious about developing an understandable and comprehensive financial vision for the future, this may be the right book for you.

Here’s the link:
The Quiet Millionaire - A Review



“Did You Know” Question:

Did you know that a ticker symbol, also known as a ____ ____, is a unique string of letters that identifies a particular stock on one of two electronic tapes that report market transactions?

a. stock symbol

b. trade mark

c. copy right


The correct answer: a. stock symbol

A little FYI: The Nasdaq and the NYSE monitor the issuance of stock symbols. If a company goes public it can select from available stock symbols. The Nasdaq and NYSE must first approve all new stock symbols.



Here’s the financial “pearl of wisdom” for the week:

“A creative economy is the fuel of magnificence.”
Ralph Waldo Emerson, Author


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June 24, 2008

Featured article:
Financial Abundance – Spiritual or Practical.

When you hear the word “abundance” what comes to mind? Is abundance about wealth and money or is it learning how to attract riches into your life? Is abundance more of a spiritual concept or is it practical? Let’s explore the concept of living in financial abundance.

Here’s the link:
Financial Abundance - Spiritual or Practical


“Did You Know” Question:

Did you know that when asked, most insurance experts feel that 64% of homes are underinsured by the average of ______ percent? (Source:Marshall and Swift/Boeckh, 2003)

a. 10

b. 27

c. 32


The correct answer is b. 27%

Rule of thumb: When choosing homeowners insurance consider these factors – you want to make sure your home, possessions, family and visitors are protected. Are your collectables covered? How much will it cost to rebuild your home in the event of fire or natural disaster? Your best bet is to consultant with a insurance professional. (Source:Safeco Insurance)


Here’s the financial “pearl of wisdom” for the week:

“We can tell our values by looking at our checkbook stubs.”
Gloria Steinem



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All past issues of the Abundance and Wealth Newsletter are archived at:

Archived Newsletters


All past Abundance and Wealth featured articles are archived at:

Archived Articles


Answers to the past Newsletter questions can be found on our forum:

Abundance and Wealth Forum