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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
22 terms
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StudBud Administration
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26 plays
Designed to get students interested in personal finance.
Flashcards
22 cards
F
Practice quiz
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Host live
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Questions
22
Answers
1
More than half of all millionaires never received money from a trust fund or estate.
False
True
2
Most millionaires were born into money.
False
True
3
Single people are more often millionaires than married people.
False
True
4
High school graduates make more money than high school drop outs.
True
False
5
Most millionaires are self-employed.
True
False
6
Most millionaires are college graduates.
True
False
7
The money saved from not smoking until age 65, if invested, would be almost $300K at age 65.
False
True
8
Day traders usually beat the stock market and many of them become millionaires.
False
True
9
Millionaires are smarter than most people.
False
True
10
More millionaires drive Fords than Cadillacs.
True
False
11
The multi-billionaire, Warren Buffett, lives in the same house he bought in 1958 for $31K.
False
True
12
College graduates earn more per year than do high school graduates.
True
False
13
An increasing amount of Americans are living pay check to pay check.
False
True
14
Becoming a millionaire is more luck than hard work.
False
True
15
Many poor people become millionaires by winning a lottery.
True
False
16
Most millionaires work fewer than 40 hours a week.
True
False
17
Most millionaires work for big Fortune 500 companies.
True
False
18
Most millionaires work in glamorous jobs, such as sports, entertainment, or for high tech.
False
True
19
If you want to be a millionaire, avoid the risky stock market.
True
False
20
If you save $2K a year from age 22 - 65 at 8%, your savings will be over $7 million at age 65.
False
True
21
The number of Americans that are becoming millionaires is decreasing over the years.
False
True
22
Most millionaires drive expensive, new, imported cars.
True
False