Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Kidz Klub News, March 2012 Newsletter

Kidz Klub News, March 2012 Newsletter

Ratings:
(0)
|Views: 25|Likes:
The newsletter for young members of Alliant Credit Union
The newsletter for young members of Alliant Credit Union

More info:

Published by: Alliant Credit Union on Aug 01, 2012
Copyright:Traditional Copyright: All rights reserved

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF or read online from Scribd
See more
See less

06/16/2014

pdf

 
The first American to become a millionaire was James Jacob Astor. He arrived in the UnitedStates from Germany in 1784, just afterthe end of our Revolutionary Warwith England. Astor started makinga lot of money by trading furswith Indians and then openinga fur goods shop in New YorkCity. He then made a whole lotmore money by buying andselling land in the Manhattansection of New York City.Today, the United States leads the worldin the number of millionaires. In fact,we have 10.5 million millionaires, eventhough three million Americans losttheir place as millionaires during thefinancial crisis between 2006 and 2008,according to CNNMoney.Now, more than half of the world’s millionaireslive in three countries – the United States, Japanand Germany. And China is expected to lead theworld in the number of new millionaires throughthe year 2020.Meanwhile, do you know about inflation? Infla-tion causes you to pay more for the same thing astime goes by. For instance, if the inflation rate is2% this year, then a $1 pack of gum would costyou $1.02 next year. That goes formillionaires, as well. A guy witha million bucks in 1959would basically have thesame buying power as aguy with $7.3 millionin 2009.
contents
Here come the millionaires!What are millionairesreally like?The answers to “What aremillionaires really like?”The sporting lifefor kids
12
Here come the millionaires!
 Want to find out what makes millionaires tick? Take this true-or-false quiz.
March 2012the newsletter for young members of Alliant Credit Union
the people with big bucks
1. Millionaires shop in stores where the rich people shop. They don’t shop where ordinary people shop.
T F
2. Most millionaires don’t work for other people. They own their own businesses.
T F
3. Millionaires have lots of credit cards.
T F
4. Most millionaires stay in school and graduate from college.
T F
5. Most millionaires are glamorous people who have earned their money by doing glamorous things,such as being a rock star, a movie star, a basketball superstar or another kind of celebrity.
T F
6. Many people who start out poor become millionaires by winning the lottery.
T F
7. Most millionaires got rich because their parents were rich and gave them a lot of money.
T F
8. Most millionaires don’t work at all. They have other people work for them.
T F
9. Most millionaires drive really fancy new cars, such as a Rolls Royce, Corvette or Lamborghini.
T F
10. There is a good chance that you will grow up to become a millionaire.
T F
Source: mint.org
Check your answers on the back page to find out how much you know.
What are really like?
Sources:
The Wall Street Journal 
,money.cnn.com, cbc.ca andwiki.answers.com
kidz klub news
DIVIDEND
April Savings Dividend
DECLARED FEBRUARY 16, 2012
The
April 2012 Savingsand IRA dividend
, declared02/16/12, provides a CompoundedAnnual Percentage Yield of
0.95
%
 
APY 
Dividends are paid on thelast day of the month toaccountholders who havemaintained an average dailybalance of $100 or more.Savings dividend is subject tochange monthly.
April Checking Dividend
DECLARED FEBRUARY 16, 2012
The
April 2012 High RateChecking dividend
, declared02/16/12, provides a CompoundedAnnual Percentage Yield of
0.90
%
 
APY 
Checking dividends are paid on the last day of each month toaccountholders who meet therequirements of the account.Checking dividend is subject tochange monthly.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->