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Millionaire Game Flashcards | StudBud
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Millionaire Game
Millionaire Game
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StudBud Administration
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quiz on behaviors that can lead to becoming a "millionaire" or not
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
At age 18, you save $1.50/day. You invest at 8 % interest until age 67. Total saved =$300,000.
False
True
2
More than half of all millionaires never inherited money.
True
False
3
Most millionaires drive expensive new cars.
True
False
4
HS grad invests diff betw income and HS dropout inc at 8 % the HS grad. @ 67 =over $1/2M more
False
True
5
Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech.
True
False
6
Many poor people become millionaires by winning the lottery.
True
False
7
Investors who buy&hold stocks for the LT have better returns than they who buy/sell stock often
True
False
8
Most millionaires work for very large public companies.
False
True
9
Most millionaires attended private schools.
False
True
10
You save $2,000/yr from 22 to 65 at 8% int. At 65, your savings will be
more than
$700,000.
True
False
11
Most millionaires work fewer than 40 hours a week.
False
True
12
Millionaires tend to be single rather than married.
False
True
13
A college graduate earns almost double the annual income of a high school graduate.
False
True
14
Most millionaires are college graduates.
False
True
15
Millionaires tend to avoid the stock market.
True
False
