stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
The Millionaire Game (Revised) Flashcards | StudBud
Explore
/
The Millionaire Game (Revised)
The Millionaire Game (Revised)
14 terms
·
StudBud Administration
·
1,465 plays
An update on the Council of Economic Education's "How to Really Be a Millionaire" Game
Flashcards
14 cards
F
Practice quiz
P
Host live
L
Questions
14
Answers
1
Many poor people become millionaires by winning the lottery.
False
True
2
Day traders usually beat the stock market and many of them become millionaires.
True
False
3
Living below your means & forming daily habits tied to goals are traits found in millionaires.
False
True
4
There are 1 million millionaires in the USA.
False
True
5
If you save $225/month from age 22 to 65 at 8% annual interest, you'll have over $1m at age 65.
False
True
6
Millionaires who spent money on others are happier than spending on things for themselves.
True
False
7
Most millionaires are college graduates.
True
False
8
Single people are more often millionaires than married people.
True
False
9
Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech.
False
True
10
Millionaires who earn their money are generally happier than those who inherited their money.
True
False
11
About 30 percent of people who win a lottery or get a big windfall end up broke in a few years.
False
True
12
College graduates earn about 65 percent more than high school graduates earn.
True
False
13
Most millionaires work for big Fortune 500 companies.
True
False
14
Most millionaires work fewer than 40 hours a week.
False
True
