WorksheetsMillionaire Maker
Total questions: 21
Worksheet time: 14mins
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
One person can not sustain 8+ Jobs, So how does a millionaire get and keep 8+ income streams?
Dividen producing stocks
Rental Property
Passive Income
Business Sales
What is Passive Income?
Income that requires minimal labor to earn and maintain
Income while you sleep
Income which is doesn't come unless you take lots of action
Income earned from things which a person is not actively involved
What are three income streams that are free to start?
Affiliate Marketing
Write an Ebook
Dividen Stocks
Youtube Channel
What are examples of Passive Income Businesses?
Own and maintain Vending machines
Sell Photography Online
Peer to Peer Lending
Tutoring or Coaching
Is wealth... something you have? Something you do? or something you be?
Wealth is something you have
Wealth is something you do
Wealth is something you be
None of the above.
Wealth is acquired by first
Having money
Doing things rich people do
Being a wealth minded person
None of the above
How do you become a wealth minded person?
Read Books like: Think and Grow Rich
Study Wealthy Peoples Stories & Money Mgmt. Habits
Set Goals, Be Patient, & Persist through setbacks
Play Money minded Games like Life, Monopoly, CashFlow & The Abundance Game
Things Wealthy People do.
Become emotionally stable
Buck financial trends
Seek experts to follow
Do something daily to focus on becoming wealthy
People who don't learn about wealth but inherit money most often...
Get wealthy because they are lucky
Often become wealthier with the money they inherit by investing it
Spend all the money and return to their previous financial status.
Give it away to charity
Why do the rich pay less percentage of taxes than working people?
Because they are cheats and scammers
Because they are well educated about money and financial matters.
Because they are connected to the government
Because the invest in businesses and assets which are taxed less.
What is the number one thing you can do to improve your chances of becoming wealthy?
Rob a Bank and move to another country by sneaking onto a cargo ship to Africa
Learn how get into a top paying profession like doctor, engineer, congressman
Educate yourself on taxes, income streams & wealth habits
Play the lottery as much as possible
