The Quarter Roll
Financial Entertainment ®
Spring 2013
BONUS Edition
The Starving Scotsman
Who Became An
American
Millionaire
10 Financial and
Career Facts
About Comedian
Bill Cosby
What Young Bill Clinton Was
Spending His Money On
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Table Of Contents
Winter 2013 ONLINE EDITION
9
1
5
7
Financial Entertainment
Fun Quiz 2
The Starving
Scotsman Who
Became An
American Millionaire
Financial Entertainment
Fun Quiz 1
10 financial and
career facts about
comedian Bill Cosby
10
11&12
What Young Bill
Clinton Was Spending
His Money On
Financial Entertainment Answers
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The Starving Scotsman
Who Became An
American Millionaire
How do you go from one of the poorest children
in America to the richest man in the world? That
question is what makes Andrew Carnegie’s
biography so interesting! Andrew Carnegie was
the ultra-rich Industrialist Era railroad mogul, also
known today for the number of libraries and
institutions of higher learning that carry his name.
Andrew Carnegie was born in Scotland in 1835 and
immigrated with his parents to the United States in
1848. In Scotland there was wide spread starvation
and harsh economic conditions. The Carnegie family
believed that America would provide them an
opportunity to build a better life for themselves.
When they got to America, however, they found it
difficult to find work at first. Even though they were
staying with an extended family member, they
struggled to come up with the $6 a week it cost to
feed a family of four. Every family member
pitched in and being 13 years old, Andrew
took a job that paid him $1.20 a week to
change spools of thread in a cotton mill 12
hours a day, 6 days a week in a Pittsburgh
cotton factory.
He had several other jobs as he grew up,
but perhaps the most important job he
had was working as a telegraph operator.
It was there that his boss took a liking
to him and introduced him to business management techniques and financial
investing. Carnegie later wrote, “Mr. Scott asked me if I had $500. If so, he said,
he wished to make an investment for me. Five hundred cents was much nearer
my capital. I certainly did not have fifty dollars saved for investment, but I was not
going to miss the chance of becoming financially connected with my leader and
a great man.”
Carnegie was able to raise the money to invest with Mr. Scott and soon received
his first dividend check. He stated, “I shall remember that check as long as I live…
it gave me the first penny of revenue from capital – something that I had not
worked for with the sweat of my brow.” He was hooked and continued to build
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and invest in many companies, most memorable, however, are his investments
in the railroad industry. The man who once earned about $1 a week in a factory
sold his company in 1901 for millions.
Here are 10 financial and career facts you may not have
known about Andrew Carnegie!
1. Carnegie’s second job in America paid him $2 per week operating a steam
engine.
2. In 1849 Andrew Carnegie was offered a job as a messenger boy for a
telegraph office and was paid $2.50 per week. If he had to travel beyond a
particular distance when delivering a telegraph he was paid an extra dime
for the trip.
3. Carnegie’s third job was working as a telegraph operator for the
Pennsylvania Railroad Company. It paid $35.00 per month.
4. While working for the telegraph office he took on a part time job that paid
him an extra $1 per week. He would document shipping and European
news that came through the telegraph office and sell it to a newspaper
reporter.
5. While working for the railroad Carnegie was
outraged when a private (and the only)
library close to him wanted to charge him
a $2 membership fee. His letter to the local
newspaper resulted in the fee being waived.
6. When his boss offered him a chance to
invest in a new company Andrew Carnegie had to get the money
from his mother who got a mortgage for $500 on the family’s $700 home.
7. Carnegie’s first dividend check was for $10.00. He stated, “I shall remember
that check as long as I live…it gave me the first penny of revenue from
capital – something that I had not worked for with the sweat of my brow.”
8. Quickly becoming a seasoned investor, Carnegie listed his assets and the
total came to $47,860.67 in 1863. It was income from his oil and railroad
investments.
9. In 1864, Carnegie invested $40,000 in Story Farm on Oil Creek in Venango
County, Pennsylvania. One year later, the farm yielded over $1,000,000 in
cash dividends, and petroleum from oil wells on the property sold profitably.
(In his autobiography Carnegie noted that Indians used to collect oil from
the ground with their blankets. They sold it to merchants in Pittsburgh who
put it in vials and sold it as medicine for $1 per vial.)
10. Carnegie sold his company in 1901 for $480 million (about $13 billion today)
to J.P. Morgan, who went on to create U.S. Steel. TQR
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Dad’s Getting Remarried
When George found out he was going to inherit a fortune
when his ill father died, he decided he needed a woman to
enjoy it with. So one evening he went to a singles club where
he checked out the most beautiful woman he had ever seen.
Her natural beauty was astounding it took his breath away. “I may look like
just an ordinary man,” he said as he walked up to her, “but in just a week or
two my father will die, and I’ll inherit 15 million dollars.”
Impressed, the woman went home with him that evening.
Three days later, she became his stepmother.
Source: transformyourmoney.com
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Financial Entertainment
Fun Quiz 1
Americans consume approximately how many dollars
worth of candy during the Easter holiday season?
A. $2 billion
B. $4 billion
C. $8 billion
Which one of these celebrities cleaned up lion
cages at a zoo before he was famous?
A. Sylvester Stallone
B. Warren Beatty
C. Matthew McConaughey
In the mid-20th century, it used to take as much as 27 hours to
make a marshmallow peep. Today, how long does it take?
A. 6 hours
B. 6 minutes
C. 6 seconds
Women spend about $114 on other women on Mother’s Day.
How much do men spend on average?
A. $115
B. $168
C. $205
Which one of these celebrities worked as a chicken
mascot for a restaurant prior to becoming famous?
A. Jon Hamm
B. Hugh Jackman
C. Brad Pitt
Comedian Bill Cosby used to earn
how much per week by shining shoes?
A. $5
B. $9
C. $14
Get the answers on Page 11
Don’t forget you can also find a lot more financial trivia online at TheQuarterRoll.com
The Tax Man.
One day at a local café, a woman suddenly called out, “My
daughter’s choking! She swallowed a nickel! Please, anyone,
help!”
Immediately a man at a nearby table rushed up to her and
said he was experienced in these situations. He calmly stepped
over to the girl, then with no look of concern, wrapped his arms
around her and squeezed. Out popped the nickel.
The man returned to his table as if nothing had happened.
“Thank you!” the mother cried. “Tell me, are you a doctor?”
“No,” the man replied. “I work for the IRS.”
Source: Readers Digest
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6
10 Financial and Career
Facts About Comedian
Bill Cosby
1. W
hen he was 11 Bill Cosby earned about $9.00
per week shining shoes, setting up vegetable
stands at a grocery store, and dusting and
scrubbing a drugstore. Source
2. Bill Cosby went to Temple University on an
athletic scholarship.
3. The New York Giants once offered Bill Cosby
$13,000 a year to play football. He declined
saying, “I wasn’t going to let them kill me for
$13,000.00, no sir.”
4. Bill Cosby once worked as a shoe repair
apprentice. He also tended bar for $5 a week
plus tips.
5. Bill Cosby was once paid $3 a night to
carry the “king” in a play onto the stage
and another $2 to stay on the stage
holding a fan.
6. After his bartending job and while still
attending Temple University Cosby got
a job for $16 a night telling jokes at a
night club.
7. Cosby’s next night club job paid him $60 a week.
8. While he was fine tuning his act, his income was hit and miss. “Some weeks no
money came in. Some weeks the take varied from a two-hundred dollar high to
a seventy-five dollar one-nighter low”.
9. In 1962 Cosby received his largest weekly paycheck to date: $400. He asked for
it in cash, got it in $5 bills, and threw it all into the air in his hotel room.
10. By early 1963 he was earning up to $500 a week. TQR
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Congress
Late one night a mugger wearing a ski mask jumped into
the path of a well-dressed man and stuck a gun in his ribs.
“Give me your money,” he demanded.
Indignant, the affluent man replied, “You can’t do this I’m a US Congressman!”
“In that case,” replied the robber, “Give me MY money!”
Source: freemoneyfinance.com
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Financial Entertainment
Fun Quiz 2
Which one of these comediennes was an oyster shucker
before becoming famous?
A. Paula Poundstone
B. Ellen DeGeneres
C. Whoopi Goldberg
In 2012 how much was the average pay out kids were
receiving from the Tooth Fairy per tooth?
A. $3 per tooth
B. $5 per tooth
C. $8 per tooth
This actress worked at McDonalds before she
ever worked in the movies.
A. Sharon Stone
B. Angelina Jolie
C. Michelle Pfeiffer
Who was the first child actor to be paid $1 million?
A. Jason Bateman
B. Macaulay Culkin
C. Corey Feldman
The current United States President is paid an annual
salary of $400,000. How much was the first
U.S. President paid per year?
A. $5,000
B. $25,000
C. $40,000
In 2012 CNN Money reported that the current average
weekly allowance received by kids is how much?
A. $5
B. $10
C. $15
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Get the answers on Page 12.
Don’t forget you can also find a lot more
financial trivia online at TheQuarterRoll.com
The Quarter Roll Spring 2013 BONUS Edition
What Young
Bill Clinton
Was Spending
His Money On
President Bill Clinton’s journey through school and
college wasn’t that much different from thousands of
other kids. Like other kids in high school he had part-time
jobs and liked to spend his money on the ordinary pleasures lots of teenagers like. In
his book My Life he recounts many historically fascinating events, such as meeting with
world leaders or dealing with global military crises.
However, Clinton also notes many of the mundane financial details of his life that
become much more interesting when you realize it is a future U.S. President who was
budgeting for these things. Here are just seven of the notes Bill Clinton made about his
finances as a kid in school and college.
1. Bill Clinton paid 10 cents in 1951 to go to the
movies. For his 10 cents he says he got a large
Coke, a feature film, a cartoon, a serial, and a
newsreel.
2. Bill Clinton’s first job was in a grocery store
where he made $1.00 per hour to work as a
stock boy.
3. Clinton was a young entrepreneur. He sold
used comic books at a stand he set up in front
of the grocery store where he worked.
4. In 1964 Clinton’s Buick LeSabre got 8 miles per gallon, but he didn’t mind since gas
cost less than 30 cents per gallon.
5. When in college Clinton had a $5.00 a week dry cleaning bill because he was
required to wear a dress shirt, tie, and jacket to class every day.
6. Bill Clinton spent $1.00 a day in 1964 for his meals Monday through Friday when in
college. On weekends he only allowed himself 50 cents per day.
7. During his first year at Georgetown in 1964 Clinton’s tuition was $1,200 and his room
and fees were another $700.00. Additionally, food and miscellaneous expenses
were extra. His mom and stepdad paid for his expenses. TQR
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So Here Are The Answers!
Quiz 1
Americans consume approximately how many dollars-worth of candy during the Easter
holiday season?
A. $2 billion
B. $4 billion
C. $8 billion
Answer is A: Americans consume approximately $2 billion worth of candy during the Easter
holiday season.
Which one of these celebrities cleaned up lion cages at a zoo before he was famous?
A. Sylvester Stallone
B. Warren Beatty
C. Matthew McConaughey
Answer is A: Sylvester Stallone cleaned up lion cages at the Central Park Zoo before he was
famous.
In the mid-20th century, it used to take as much as 27 hours to make a marshmallow peep.
Today, how long does it take?
A. 6 hours
B. 6 minutes
C. 6 seconds
Answer is B: While it did take 27 hours to make a marshmallow peep at one point, it now only
takes 6 minutes!
Women spend about $114 on other women on Mother’s Day. How much do men spend on
average?
A. $115
B. $168
C. $205
Answer is B: Men will spend an average of $168 on the women in their lives for Mother’s Day.
Which one of these celebrities worked as a chicken mascot for a restaurant prior to becoming
famous?
A. Jon Hamm
B. Hugh Jackman
C. Brad Pitt
Answer is C: Brad Pitt was a chicken mascot for El Pollo Loco (Crazy Chicken).
Comedian Bill Cosby used to earn how much per week by shining shoes?
A. $5
B. $9
C. $14
Answer is B: When he was 11 Bill Cosby earned about $9.00 per week shining shoes, setting up
vegetable stands at a grocery store, and dusting and scrubbing a drugstore.
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?•?•?•?•?•?•?•?•?•?•
Quiz 2
Which one of these comediennes was an oyster shucker before becoming famous?
A. Paula Poundstone
B. Ellen DeGeneres
C. Whoopi Goldberg
Answer is B: Ellen DeGeneres has been a house painter, vacuum salesperson, bartender,
waitress, sales clerk, and an oyster shucker.
In 2012 how much was the average pay out kids were receiving from the Tooth Fairy per
tooth?
A. $3 per tooth
B. $5 per tooth
C. $8 per tooth
Answer is A: The “Tooth Fairy” gave $3 per tooth on average to children this year, up 15% from
2011, according to a survey by credit card company Visa.
This actress worked at McDonalds before she ever worked in the movies.
A. Sharon Stone
B. Angelina Jolie
C. Michelle Pfeiffer
Answer is A: Sharon Stone worked at McDonald’s before she was famous. So did Shania
Twain, Jay Leno, Rachel McAdams and Pink.
Who was the first child actor to be paid $1 million?
A. Jason Bateman
B. Macaulay Culkin
C. Corey Feldman
Answer is B: Macaulay Culkin was the first child ever to be paid a million dollars for a role. The
film was My Girl in 1991.
The current United States President is paid an annual salary of $400,000. How much was the
first U.S. President paid per year?
A. $5,000
B. $25,000
C. $40,000
Answer is B: In 1789 George Washington was paid $25,000 as President of the United States.
The current Presidential salary is $400,000 per year.
In 2012 CNN Money reported that the current average weekly allowance received by kids is
how much?
A. $5
B. $10
C. $15
Answer is C: CNN Money reported that parents gave their kids an average of $780 a year in
allowance in 2012, according to a survey by the American Institute of CPAs.
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