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 sixth collection. I’ve also included the financial “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 April 1, 2008 – April 29, 2008.
April 1, 2008
Featured article:
5 Lessons About Life and Wealth – A Review
Here’s the link:
5 Lessons About Life and Wealth - A Review
“Did You Know” Question:
Did you know that at age 14, multibillionaire Warren Buffet bought forty acres of Nebraska farmland with money he made on his paper route and rented out the land? (Source: 5 Lessons I Learned From A Millionaire)
a. TRUE
b. FALSE
The correct answer is a. TRUE
According to Fobres.com Warren Buffet, owner of Berkshire Hathaway Corporation, is the richest man in the world and worth approximately 6.2 Billion dollars. Financial experts call him one of the greatest investors in the world.
Here’s the financial “pearl of wisdom” for the week:
“Time is like money. You can only spend it once.”
Anonymous
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April 8, 2008
Featured article:
Your Core Values and Money
Here’s the link:
Your Core Values and Money
“Did You Know” Question:
Did you know that a “bull market” on Wall Street means that the market is going
a. lower
b. slower
c. higher?
Correct answer: c. higher
Here are some trends of a bull market – Rising stock prices, rising earnings, low inflation and low interest rates. It’s said that since a bull attacks upward with its horns, this is probably how the term “bull” became known for an upward moving market.
Here’s the financial “pearl of wisdom” for the week:
“A dollar saved is a quarter earned.”
John Ciardi
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April 15, 2008
Featured article:
Financial Goal Setting
Here’s the link:
Financial Goal Setting
“Did You Know” Question:
Did you know that only _____ percent of Americans can afford to retire at age 65?
a. 50
b. 20
c. 5
The correct answer: c. 5%
That means only one in four Americans will have over $25,000 a year income at the time of retirement at age 65. That’s something to think about. Better yet, it’s something we should take action on and make sure we are retirement ready.
Here’s the financial “pearl of wisdom” for the week:
“Procrastination and instant gratification are the two biggest reasons people don’t save”
Carrie Schwarb-Pomerantz
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April 22, 2008
Featured article:
Thriving In A Negative Economy
Here’s the link:
Thriving In A Negative Economy
“Did You Know” Question:
Did you know that paying off credit cards improves your credit score more than paying off other loans??
a. TRUE
b. FALSE
Correct answer: a.TRUE
Many financial advisors believe that paying off credit cards is better than paying off other debt. Suze Orman believes you should aim to pay your credit card bills in full each month and commit to a strategy for paying off old credit card balances. According to Orman, credit debt is considered bad debt.
Here’s the financial “pearl of wisdom” for the week:
“I’ve never been poor, only broke. Being poor is a frame of mind. Being broke is a temporary situation.”
Mike Todd, Movie Producer
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April 29, 2008
Featured article:
Thinking and Acting Like A Millionaire
Here’s the link:
Thinking and Acting Like A Millionaire
“Did You Know” Question:
Did you know that studies have found couples argue over _______ more than anything else?
a. children
b. money
c. in-laws
Correct answer: b. money
Here’s the financial “pearl of wisdom” for the week:
“Remember that time is money.”
Benjamin Franklin
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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
