The Millionaire Game

Question 1

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

Accepted Answer

False

Question 2

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

Accepted Answer

True

Question 3

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

Accepted Answer

False

Question 4

If you save $2,000 from age 22 to age 65 at 8%, you will have more than $700,000 at age 65.

Accepted Answer

True

Question 5

Most millionaires work fewer than 40 hours a week.

Accepted Answer

False

Question 6

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

Accepted Answer

True

Question 7

Most millionaires attended private schools.

Accepted Answer

False

Question 8

Most millionaires are college graduates.

Accepted Answer

True

Question 9

Most millionaires work for very large public companies.

Accepted Answer

False

Question 10

Millionaires tend to be single rather than married.

Accepted Answer

False

Question 11

More than half of all millionaires inherited their money.

Accepted Answer

False

Question 12

Investors who buy stocks for long-term have better returns than those who sell more frequently.

Accepted Answer

True

Question 13

A high school graduate would have $5.5+ million in earnings than a dropout if invested at 8%.

Accepted Answer

True

Question 14

Millionaires tend to avoid investing in the stock market.

Accepted Answer

False

Question 15

Most millionaires drive expensive new cars.

Accepted Answer

False

Questions 15