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Millionaire Game (Revised) Flashcards | StudBud
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Millionaire Game (Revised)
Millionaire Game (Revised)
14 terms
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StudBud Administration
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510 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
Most millionaires work for big Fortune 500 companies.
False
True
2
Many poor people become millionaires by winning the lottery.
True
False
3
Millionaires who spent money on others are happier than spending on things for themselves.
False
True
4
If you save $225/month from age 22 to 65 at 8% annual interest, you'll have over $1m at age 65.
False
True
5
Millionaires who earn their money are generally happier than those who inherited their money.
False
True
6
Living below your means & forming daily habits tied to goals are traits found in millionaires.
False
True
7
Most millionaires work fewer than 40 hours a week.
True
False
8
There are 1 million millionaires in the USA.
True
False
9
Most millionaires are college graduates.
True
False
10
Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech.
False
True
11
About 30 percent of people who win a lottery or get a big windfall end up broke in a few years.
True
False
12
Single people are more often millionaires than married people.
True
False
13
Day traders usually beat the stock market and many of them become millionaires.
False
True
14
College graduates earn about 65 percent more than high school graduates earn.
False
True
