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Random Facts

Money facts

What is the largest number of coins you can have without being able to make change for a dollar.

If you have three quarters, four dimes, and four pennies, you have $1.19. You also have the largest amount of money in coins


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What's different about the penny?

The portrait of Abraham Lincoln on the penny shows him facing to the right while all other portraits of presidents on U.S. circulating coins face left. As of 2007 it now costs more than 1 cent to produce 1 cent.


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How much money are won in lotteries put together?

In 1996, lotteries in North America awarded $52 million in prizes every day – that’s $36,000 every minute, 24 hours a day. This didn’t just suddenly happen. Lotteries have been around nearly as long as civilization has been around. People love lotteries.

Reference: http://www.nmlottery.com/Miscellaneous/facts_myths.htm

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What was minimum wage in the 40s

In the 1940s minimum wage was $.43 per hour

Reference: http://kclibrary.nhmccd.edu/decade40.html

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Fact about the old US ten-dollar bill

There are four cars and eleven light posts on the back of a ten-dollar bill.


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What do Paul Revere and the penny have in common?

Paul Revere’s metals company once supplied the Mint with rolled copper for the production of early cents. Impressively, the company is still in business today making top quality aluminum siding.


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The dollar gets around!

45% of every dollar bill you have ever owned has been in a stripper's G-string

Reference: http://teentwist.com/Fun/randomfacts.html

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Diversify your portfolio

Some investments perform better than others in certain situations. For example, when interest rates go up, bond prices tend to go down. One industry may struggle while another prospers. Putting your money in a variety of investment options can help to reduce your risk.

Reference: http://www.consumeraction.gov/caw_investing_general_tips.shtml

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Your happiness depends on other people

"The pain of having less is much stronger than the joy of having more." Workers who discover they're earning more for the same work may be happy, but those who earn less can quickly feel slighted, killing motivation and often the quality of their output.

Reference: http://www.time.com/time/health/article/0,8599,1687725,00.html

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Where does Warrent Buffett invest his money?

Billionaire Warren Buffett is a legendary investor who has amassed a huge fortune through plays in a wide range of industries.

He tends to favor companies with relatively simple businesses, strong management, consistent earnings, good returns on equity, and little debt.

Reference: http://www.reuters.com/article/wtMostRead/idUSN0631767220080207

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Sadness May Encourage More Extravagance

A new study (2/08) suggests that sadness leads to shopping.

According to the study that will be published in the June 2008 number of Psychological Science, sadness leads to ego-centrist thinking. In other words, a sad person tends to transform into a shopaholic, willing to spend extra money on the same item than neutral-emotion people would buy for a lot less.

“It is the combination of sadness and self-focus that drives the effect, and it turns out that sadness leads to an increase in self-focus,” said Cynthia Cryder, co-author to the study, AFP quotes. “What we think is going on is that sad and self-focused people are feeling pretty bad about themselves and have a decreased valuation, and one way to do this is by acquiring material goods.”

Oh yeah, it also says this therapy does not work. If you’re sad and feel like shopping, don’t!

Reference: http://www.efluxmedia.com/news_Feeling_Sad_Shopping_Is_Not_The_Answer_Study_Warns_13799.html

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Ten traits that make you filthy rich

According to Jeffrey Strain of TheStreet.com, here are 10 traits that will make you rich.
  1. Patience
  2. Satisfaction
  3. Organization
  4. Discipline
  5. Reflectiveness
  6. Creativity
  7. Creativity
  8. Curiosity
  9. Risk-Taking
  10. Goal-Oriented
  11. Hard & Smart Working

  12. Reference: http://finance.yahoo.com/banking-budgeting/article/104385/Ten-Traits-That-Make-You-Filthy-Rich

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How do you count cards in blackjack?

A blackjack card counter performs a simple calculation...over and over and over again. The goal is to bet more money when a deck is loaded with big cards 10,Jack, Queen,King, & Ace because the chances of a dealer busting increases. To figure out when the deck favors the player they do the following:

The card counter begins with zero. For every card that appears either they add 1, minus 1, or keep it the same. If the card is a 2,3,4,5,6 you add 1. If the card is 10,j,q,k,ace you subtract 1. If it's a 7,8,9 the score remains the same.

So, a card counter will bet small while they keep count and if their tally reaches +5 or greater they increase their bet. This system relies on the law of large numbers which says while the bettor will lose or win money on a given day over time the bettor will have the advantage and thus be profitable long-term.

p.s. This is much easier said than done. This formula was introduced in Beat The Dealer in 1966 and the casinos are doing just fine. Good luck!

Reference: "Beat the dealer" - Edward O. Thorp

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When did people in the united states start paying Income Tax?

In 1862, to support the Civil War, Congress enacted the nation's first income tax law. Congress eliminated the income tax in 1872 and it had a short-lived revival in 1894 and 1895.

In 1913 the income tax was brought back and became a permanent part of American life. It provided a seemingly unlimited source of funds to finance ever-growing government, and it gave the government an excuse to pry into every aspect of your life.

Reference: http://www.harrybrowne.org/articles/LandOfFree.htm, http://www.infoplease.com/ipa/A0005921.html

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