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How to Really be a Millionaire
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Which of the following careers do not produce the most millionaires?
 
police officer
 
engineers
 
attorneys
 
teachers
Millionaires tend to be single rather than married.
 
False
 
True
If you save $2,000 a year from age 22 to age 65 at 8 percent interest, your savings will be over $700,000 at age 65.
 
True
 
Fale
At age 18, you decide not to drink soda from the vending machine and save $1.50 a day. You invest this $1.50 a day at 8% interest. At age 67, your savings from not buying soda are almost $300,000.
 
True
 
False
Millionaires tend to avoid the stock market.
 
False
 
True
Investors who hold stocks for the long-term have better long-term stock returns than those who buy and sell stocks more frequently
 
True
 
False
If a high school graduate invests the difference between his or her earnings and the earnings of a high school dropout, from age 18 until age 67, at 8 percent interest, the high school graduate would have $5,500,000 more than the dropout
 
True
 
False
A college graduate earns almost double the annual income of a high school graduate.
 
True
 
False
Many poor people become millionaires by winning the lottery
 
False
 
True
Most millionaires work for very large public companies
 
False
 
True
Most millionaires work in glamorous jobs, such as sports, entertainment, or high tech
 
False
 
True
Most millionaires drive expensive new cars.
 
False
 
True
Most millionaires attended private schools.
 
False
 
True
More than half of all millionaires never inherited money.
 
True
 
False
Most millionaires work fewer than 40 hours a week
 
False
 
True
Most millionaires are college graduates
 
True
 
False


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