Most millionaires make their money in glamorous ... 9. TRUe. 4 out of 5
millionaires are college graduates. 24% have earned masters or doctoral
degrees.
70561C0612
kidz club
newsletter
Think “Small”
to Grow “Big” Savings
It’s never too early to start saving for the future—after all, saving is one of the best ways to make sure your dreams come true! And did you know you don’t have to save a lot all the time in order to end up with a lot? It’s true. With your Kidz Club account here at URW Community Federal, you earn money, called interest, just for having money in your account. That means, even if you deposit just a little bit of money, it will still grow into more money! But remember, it’s still important to deposit money regularly, even if it’s just little bits here and there. If you earn an allowance or earn money from doing chores around the house, you can start building your savings a little at a time by depositing a portion of your money into your credit union account every week or every month. And don’t forget, as a Kidz Club member, you will receive a Dollar Buck every time you make a deposit into your credit union account – save your money for smart savings and save your Dollar Bux for cool prizes!
? e ik L ly al e R s e ir na io ill M e ar at h W (True or False) 1. Most millionaires inherited their money. False True 2. Milliona ires don’t actually work. They have people who work for them. False True 3. Milliona ires shop in very exclusive stores, not where ordinary people shop. False True 4. Milliona ires drive impressive cars. False True 5. Milliona ires have lots of credit cards. False True
6. Most millionaires make their money in glamorous ways – they are basketball players, musicians or other celebrities. False True 7. Most millionaires own their own business. False True 8. Many poor people become millionaires by winning the lottery. False True 9. Most millionaires are college graduates. False True 10. There is a good possibility that you can be a millionaire. False True
Provided by www.themint.org
JULY 2012 JULY 2012
ANSWERS:
1. FALSE. Only 19% of millionaires were given any money or wealth from family. 2. FALSE. Most work more than 45 hours a week. 3. FALSE. 43% of millionaires have a Sear’s card. 4. FALSE. Only 23% of millionaires drive a new car.
Holiday Closings
7. TRUE. Most millionaires consider themselves to be entrepreneurs. This may explain why they work more hours than you would think. They are decision-makers for their own companies.
I n d e p e n d e n c e Day Wednesday, July 4
8. FALSE. The chances of winning the Powerball Lottery are 1 in 17 billion. You have a better chance of being struck by lightning. Your chances of that are 1 in 9 million.
L A B O R D ay Monday, September 3
9. TRUE. 4 out of 5 millionaires are college graduates. 24% have earned masters or doctoral degrees. Another 14% have earned medical or law 5. FALSE. Many keep just one credit card and degrees. They are well educated. most pay it off in full each month. They do not like paying interest on debt. 10. TRUE. It is not that hard if you stick to a saving plan. Let say you invest $3,000 each year from 6. FALSE. Most millionaires work in very age 21 to age 64 when you want to retire and ordinary jobs. They are paving contractors earn 8%. You will retire with a million bucks! or have a pest control business. * Statistics from The Millionaire Next Door, Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D., 1998
URW Easter Bunny Visits DRMC Pediatric Ward On April 6, MeMe Jones, Branch Manager of our DRMC branch, and the Easter Bunny visited children staying in the pediatric ward of DRMC. There were lots of smiles as the Easter Bunny delivered baskets of goodies to all the children.
539 Arnett Boulevard 364 Lowes Drive, Suite H 142 S Main Street 1901 Goodyear Boulevard 701 Broad Street Danville, VA
Huge Turn Out for URW Community Federal’s Annual
Easter Egg Hunt Congratulations to Seth Striker who won our Easter Basket Drawing presented by Dollar! URW Community Federal Celebrates
National Credit Union Super Heroes Youth Day
Local Phone: 434-793-1278 Toll Free: 866-879-6328 Fax: 434-799-0949 Teller Talk: 877-793-5831
www.urwfcu.org Edited by Cheryl Doss
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JULY 2012
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