Millionaire Maker

Most Millionaires are college Graduates

• True

• False

What is a Millionaire?

• A person with $1 Million in the Bank and $500K in Debt & $250K equity

• Someone with $1Million Invested $250k in Debt & $200k in the Bank

• Someone with $1Million a year income and $10k in Debt

• Someone with $25K Debt & $750K Invested & $250K Equity in a Home.

What is Net worth?

• Net worth is the measure of wealth.

  Assets - Liabilities -=Net worth

• Net worth is the value of a person place or thing after subtracting debt obligations

• Net worth is the measure of assest minus liabilities

• Net worth is the value of a Net used for a fishing business to make profits.

What is net profits?

• After tax revenue

• The value earned which a company gets to keep after expenses are paid.

• A person/companies earning after subtracting profits

• A companies bottom line or profit margin.

Most millionaires work less then 40 hours/week?

• True

• False

Most millionaires drive luxury cars?

• True, That's the point of being rich

• False, Millionaires like to make their money work for them.

Many poor people become millionaires by winning the lottery?

• True

• False

More single people are millionaires than married couples?

• True

• False

Choose the right definition for "Income stream"

• Income which gets washed away by expenses

• Income produced by investments or product sales

• When your income streams out faster than it comes in.

• An amount of money that keeps coming in

How many income streams does the average Millionaire have?

• 1

• 5

• 8

• 12