The Von Merzenburg Fund for New Initiatives

Wednesday, February 3, 2010

Money Part 2


Dear Readers,

I am about ready to start answering these financial questions. Many of which I have deleted, but will try to paraphrase.

But first, I have to pay homage to someone I saw on television. She was giving financial advice on her show on American television and it both disturbed and awed me. Her name is Suze Orman. The reason that I know this information is that I wrote it down.

Let me first mention that the only reason I saw this show is that I was staying in a hotel and I couldn't find the remote control.

But Suze was incredible. I think that she should be a saint or at least beatified. She was so incredibly nice to these "people" who called her show. I still don't know if they were real or not. I sat there in bewilderment, listening to question after question. I thought: How is she doing this? How is she keeping calm? To me, it was a bit like trying to give birth control advice to rabbits. Yet, she was being so gentle.

Some things were flying over my head, like 401943 K or IRA something or other. At first I thought it was something about Irish terrorists. But what she was doing was trying to explain to them the "ins and outs" of investing money. Why they didn't have that taken care of - their investments, I still don't know. But these people also had credit cards that they didn't know how to pay for. And to me, that doesn't make sense. But then again, I don't really know how credit cards work. For example, how does one get one? For me, my financial person gave my assistant mine and told me that I could use it until the date on the front. To me that's simple and a questions I can answer right off the bat:

Q: How long is a credit card good for.
A: The date is printed on the front.

And I know they have to be paid, but - don't you just pay that from another account? To me that opens many questions: Can one get a credit card without being able to pay it? If so, then how does one pay it if they can't? What's the limit? I mean can a maid use it to buy a boat? I don't know. Surely there are limits for different types of people.

This is all confusing. I'm sure for all of us.

That is why I am going to clear up all these questions (and more) for you: Gentle Reader.

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