204, 2011

Financial Literacy Month Question of the Day: April 2nd, 2011

 

A Mutual Fund is….

A) An account consisting of a variety of investments (like Stocks or Bonds)
B) A savings fund at Mutual of Omaha Bank
C) A bunch of guys chipping in for the next beer run

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106, 2010

The Lottery is Not Your Best Chance for Financial Security

Myth: Lottery is my best chance of becoming a millionaire. You can’t win if you don’t play!

Truth: You won’t win if you do play. Lottery is a tax on the poor.

Let’s look at the facts here. You’ve probably heard that you are three times more likely to be struck by lightning than to win the jackpot in the lottery. Depending on the year and the weather, I’ve seen stats that say it’s more like 6 […]