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Saturday, August 26, 2017

Can You Answer These Money Questions?


70% of Americans can't answer these three money questions. Can you?

Question 1

Suppose you have $100 in a savings account and the interest rate is 2 percent per year. After five years, how much do you think you would have in the account if you left the money to grow?
A. More than $102
B. Exactly $102
C. Less than $102
D. I don't know


Question 2

Imagine that the interest rate on your savings account is 1 percent per year and inflation is 2 percent per year. After one year, how much would you be able to buy with the money in this account?
A. More than today
B. Exactly the same as today
C. Less than today
D. I don't know


Question 3

Do you think the following statement is true or false: Buying a single company stock usually provides a safer return than a stock mutual fund.


This article and answers to the above questions appeared on MSN Money.







Wednesday, August 23, 2017

Taylor Swift: Strength and Dignity by Raymond M. Wong




  • A person is sexually assaulted every 98 seconds in America.
  • 1 in 6 American women have been the victim of an attempted or completed rape.
  • 9 out of 10 rape victims are female.
  • From 2009-2013, 63,000 children a year were sexually abused.
Source: https://www.rainn.org/statistics/scope-problem (Rape, Abuse, & Incest National Network).

I spoke recently to my thirteen-year-old daughter, Kristie, about Taylor Swift’s court battle with former radio DJ, David Mueller, who allegedly groped Swift while posing for a picture at a promotional backstage meet-and-greet in 2013. I talked to Kristie because I want my daughter to know that sexual assault is serious and how someone reacts to it does matter. After the alleged incident, Swift conveyed what happened to the people closest to her, and Mueller was dismissed from his job by the radio station that employed him after they received a complaint from a member of Swift’s team.

Mueller filed a lawsuit in 2015 against Swift claiming he lost his job over an incident that didn’t happen and asked for three million dollars in damages. Swift did not settle out of court and counter-sued for a symbolic $1 to state her case in a courtroom.

Sunday, August 13, 2017

A 32K Car-Buying Mistake by Raymond M. Wong



If you're thinking of purchasing a car, read my article in the Penny Hoarder about how buying the wrong car cost my family over $32,000.

Wednesday, August 2, 2017

5 Mistakes Made by Job Seekers



"The adage that you can't get what you want till you know what you want is especially true when it comes to employment."