HOW TO REALLY BE A MILLIONAIRE?

HOW TO REALLY BE A MILLIONAIRE?

CHARACTERISTICS OF SUCCESSFUL PEOPLE!

Open Ended

WHAT DID YOU NOTICE ABOUT MILLIONAIRES?

WHAT DID YOU WONDER ABOUT MILLIONAIRE?

WHAT DO THINK ABOUT MILLIONAIRES?

Multiple Choice

STATEMENT #1

Most millionaires $$$ are college graduates.

• TRUE

• FALSE

Multiple Choice

STATEMENT #2

Most millionaires work fewer than 40 hours a week.

• TRUE

• FALSE

Multiple Choice

STATEMENT #3

More than half of all millionaires never inherited money.

• TRUE

• FALSE

Multiple Choice

STYATEMENT #4

Most millionaires attended private schools.

• TRUE

• FALSE

Multiple Choice

STATEMENT #5

Most millionaires drive expensive new cars.

• TRUE

• FALSE

Multiple Choice

STATEMENT #6

Most millionaires work in glamorous jobs, such as sports, entertainment, or high-tech.

• TRUE

• FALSE

Multiple Choice

STATEMENT #7

Most millionaires work for very large public companies.

• TRUE

• FALSE

Multiple Choice

STATEMENT # 8

Many poor people become millionaires by winning the lottery.

• TRUE

• FALSE

Multiple Choice

STATEMENT # 9

A college graduate earns almost double the annual income of a high school graduate.

• TRUE

• FALSE

Multiple Choice

STATEMENT # 10

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% interest, the high school graduate would have $5.5 million more than the high school dropout at age 67.

• TRUE

• FALSE

Multiple Choice

STATEMENT # 11

Investors who buy and hold stocks for the long-term have better long-term stock returns than those who buy and sell stocks more frequently.

• TRUE

• FALSE

Multiple Choice

STATEMENT #12

Millionaires tend to avoid the stock market.

• TRUE

• FALSE

Multiple Choice

STATEMENT #13

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 until you are 67. At age 67, your savings from not buying soda from the vending machine are almost $300,000.

• TRUE

• FALSE

Multiple Choice

STATEMENT #14

If you save $2,000 a year from age 22 to age 65 at 8 % interest, your savings will be over $700,000 at age 65.

• TRUE

• FALSE

Multiple Choice

STATEMENT #15

Millionaires tend to be single rather than married.

• TRUE

• FALSE

Open Ended

WHAT DID YOU NOTICE ABOUT MILLIONAIRES?

WHAT DID YOU WONDER ABOUT MILLIONAIRES?

WHAT D0 YOU THINK OF MILLIONAIRES?

CHAPTER 2

SAVINGS

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