What does the phrase "living below your means" really mean and how is it related to wealth building?
What will be an ideal response?
Answer: Living below your means is simply saving money by spending less than you earn.
This is related to wealth building in that, by practicing this method of living, you are getting out of the trap or tendency that many people have of spending to their level of earning (or beyond). It allows you to be realistic with respect to what you can really afford.
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If 20,000 shares are authorized, 15,000 shares are issued, and 500 shares are held as treasury stock, a cash dividend of $1 per share would amount to $15,000
Indicate whether the statement is true or false
The current ratio is computed as:
a. assets divided by current liabilities. b. current assets divided by liabilities. c. current assets multiplied by current liabilities. d. current assets divided by current liabilities.
To protect computer systems from email viruses and hoaxes, you should NOT
a. install a virus scan program and set it to scan all incoming email. b. forward questionable messages to the email administrator. c. forward all warning about viruses to those in your address book just in case they are real. d. open email attachments with an ".exe" extension.
For which of the following types of endorsements is there a difference in endorsee status between the ULB and common law?
A. conditional endorsement B. collection endorsement C. agency endorsement D. endorsement prohibiting further endorsement