What it means to be a millionaire and how to get there

What it means to be a millionaire and how to get there

Assessment

Interactive Video

Life Skills, Business

University

Hard

Created by

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FREE Resource

The video explores what it means to be a millionaire, focusing on net worth rather than income. It explains how net worth is calculated by subtracting liabilities from assets. The video highlights the disparity in wealth distribution in the US, influenced by billionaires. It offers strategies to increase wealth, such as homeownership, investing, and debt management. Finally, it discusses changing perspectives on wealth, emphasizing health and happiness over financial success.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does it mean to be a millionaire according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is net worth calculated as described in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

According to the text, what is the difference between average and median net worth?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some strategies mentioned for increasing wealth?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the text suggest about the perception of wealth among Americans?

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