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How to really be a millionaire Flashcards | StudBud
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How to really be a millionaire
How to really be a millionaire
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Questions
14
Answers
1
If you save $2,000 a year from age 22 to age 65 at 8 percent interest, your savings will be over $700,000 at age 65.
True
False
2
Investors who buy and hold stocks for the long-term have better long-term stock returns.
False
True
3
Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech.
True
False
4
Many poor people become millionaires by winning the lottery.
True
False
5
At age 18, you decide not to drink soda from the vending machine and save $1.50 a day. At 67, your savings would be ...
almost 300,000
almost 300
almost 3,000
almost 30,000
6
Most millionaires work in very large public companies.
True
False
7
Most millionaires work fewer than 40 hours a week.
False
True
8
Most millionaires drive expensive cars.
False
True
9
Most millionaires attended private schools.
True
False
10
A college graduate earns almost double the annual income of a high school graduate.
True
False
11
Millionaires tend to avoid the stock market.
False
True
12
Millionaires tend to be single rather than married.
False
True
13
More than half of all millionaires never inherited money.
True
False
14
Most millionaires are college graduates?
True
False
