http://generationwisdom.com Financial Principles for a lifetime Wed, 16 Jun 2010 20:21:10 +0000 http://backend.userland.com/rss092 en What is the difference between gross income and net income? Gross Income is how much money you make before any deductions have been taken out of your wage.  For example, If you earn $11/hr and worked 40 hrs your check should be $440.  But is your check ever the full anount?  ... http://generationwisdom.com/?p=59 Prosperity is a way of living and thinking, and not just money or things. Poverty is a way of living and thinking, and not just a lack of money or things. - Eric Butterworth http://generationwisdom.com/?p=36 Some people are motivated by gain.  They work to achieve more, and more, and more…their hunger for more is never satisfied.  That hunger is what we all must have for truth, honesty and growth.  For how can growth be achieved without honesty?  Or how can honesty abide without truth?  We ... http://generationwisdom.com/?p=54 There are many characteristics that make up a great business man.  One of the most important characteristics is integrity.  What’s more impressive than the bank account, or the awesome car is the man driving the car and saving in the bank.  If you lack integrity you lack everything.    Dictionary.com defines ... http://generationwisdom.com/?p=49 One thing that separates very successful people from unsuccessful people is mind set. How you think is a determinant of who you are regardless of your occupation. We can change who we are by changing our perspectives through our minds. If you believe you will fail then you will. Your ... http://generationwisdom.com/?p=47 What do the numbers in credit scores mean? "The number ranges from 300 to 850. Although the exact formula for calculating the score is proprietary information and owned by Fair Isaac, here's an approximate breakdown of how it is determined: 35 percent of the score is based on your payment history. This ... http://generationwisdom.com/?p=39 I was wondering what exactly the stock market is and if it can be beneficial to me?   You are the CEO of a brand new corporation, and you need money.  How are you going to get money to run your business?  Well, if you are like most CEO’s you’ll seek out ... http://generationwisdom.com/?p=37 When a person has bad credit can they climb out of it and get good credit? Awesome question!  Yes, a person can climb out of bad credit, but it can take several years to really turn credit around.   Just like any serious problem it doesn’t just happen overnight; the problem occurs ... http://generationwisdom.com/?p=31 Your credit is like your financial reputation.  It is just like a friend who always borrows money and never repays you.  After a few times of loaning them that $5's they never give back you wise up and realize they are never going to repay you.  So you stop lending them your money. ... http://generationwisdom.com/?p=25 Generation Wisdom experts will post a response to your question right on the Home Blog!generationwisdom@yahoo.com http://generationwisdom.com/?p=17