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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
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Flashcards
14 cards
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Questions
14
Answers
1
Most millionaires work in glamorous jobs such as sports, entertainment, or high tech.
True
False
2
An 18 year old saves $1.50 per day until age 67 at 8% interest. At age 67 it will be $300,000.
False
True
3
Most millionaires tend to be single rather than married.
True
False
4
Most Millionaires are college graduates.
False
True
5
More than half of millionaires never inherited money.
False
True
6
A college graduate earns almost double the annual income of a high school graduate.
False
True
7
Most millionaires work fewer than 40hrs per week.
False
True
8
Many poor people become millionaires by winning the lottery.
False
True
9
Buying and holding stocks yields better returns than buying and selling stocks frequently.
True
False
10
Millionaires tend to avoid the stock market.
False
True
11
Most millionaires attend private schools.
True
False
12
A 22 year old saves $2K a year at 8%. At 65 the savings will be over $700,000.
False
True
13
Most millionaires work for very large public companies.
True
False
14
Most millionaires drive expensive new cars.
True
False
