How to really be a Millionaire!

Question 1

If you save $2000 a year from age 22 until 65 at 8% you will have more than $700,000 at 65.

Accepted Answer

True

Question 2

A college graduate earns almost double the annual income of a high school graduate.

Accepted Answer

True

Question 3

Millionaires tend to avoid the stock market.

Accepted Answer

False

Question 4

If you invest money, you will have more money when you retire.

Accepted Answer

True

Question 5

At age 18 if you save $1.50 a day at 8%, at age 67 you will have saved $300,000.

Accepted Answer

True

Question 6

Investors who buy & hold stocks have better returns then those who buy & sell stock often.

Accepted Answer

True

Question 7

Most millionaires work fewer than 40 hours a week.

Accepted Answer

False

Question 8

Many poor people become millionaires by winning the lottery.

Accepted Answer

False

Question 9

Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech.

Accepted Answer

False

Question 10

Most millionaires work for very large public companies.

Accepted Answer

False

Question 11

Most millionaires attended private schools.

Accepted Answer

False

Question 12

Most millionaires are college graduates

Accepted Answer

True

Question 13

Most millionaires drive expensive new cars.

Accepted Answer

False

Question 14

Millionaires tend to be single rather than married.

Accepted Answer

False

Question 15

More than half of all millionaires never inherited money

Accepted Answer

True

Questions 15