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Millionaire Game Flashcards | StudBud
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Millionaire Game
Millionaire Game
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StudBud Administration
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Answer true or false to the following questions
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Most millionaires work fewer than 40 hours a week.
True
False
2
Most millionaires work for very large public companies.
True
False
3
Many poor people become millionaires by winning the lottery.
True
False
4
Most Millionaires are College Graduates
True
False
5
Most millionaires drive expensive new cars.
True
False
6
Millionaires tend to avoid the stock market.
True
False
7
*Investors who buy/hold stocks have better returns than those who buy/sell stocks frequently.
False
True
8
More than half of all millionaires never inherited money.
False
True
9
Most millionaires attended private schools.
True
False
10
Most millionaires work in glamorous jobs, such as sports, entertainment, or high-tech.
False
True
11
Millionaires tend to be single rather than married.
True
False
12
At 18, no soda & save $1.50 a day. Invest at 8% interest until 67. Savings are almost $300,000.
True
False
13
*The high school graduate would have $5.5 million more than the high school dropout at age 67.
False
True
14
A college graduate earns almost double the annual income of a high school graduate.
False
True
15
*If you save $2,000 a year from 22 at 8 % interest, savings will be over $700,000 at 65.
True
False
