The Millionaire Game

Question 1

Millionaires tend to be single rather than married.

Accepted Answer

False

Question 2

Most millionaires are college graduates.

Accepted Answer

True

Question 3

Investors who hold stocks for the longterm have a better long-term return than those who buy and sell stock frequently.

Accepted Answer

True

Question 4

Most millionaires drive expensive new cars.

Accepted Answer

False

Question 5

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

Accepted Answer

False

Question 6

Millionaires tend to avoid investing in the stock market.

Accepted Answer

False

Question 7

Most millionaires work for very large public companies.

Accepted Answer

False

Question 8

The most common way to become a millionaire is by winning the lottery.

Accepted Answer

False

Question 9

If you save $2000 a year from age 22 to age 65 at 8% interest, your savings will be more than $700,000 at age 65.

Accepted Answer

True

Question 10

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

Accepted Answer

True

Question 11

Most millionaires work fewer than 40 hours a week.

Accepted Answer

False

Question 12

More than half of all millionaires inherited their money.

Accepted Answer

False

Questions 12