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Entrepreneurship - How to Multiply Your Wealth in 5 Years

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

According to the document, how many steps are suggested to multiply your wealth?

a)

3

b)

5

c)

7

d)

10

2.

What major events has the speaker invested through?

a)

Internet boom and financial crash

b)

Real estate bubble and tech boom

c)

Oil crisis and stock market crash

d)

Gold rush and housing market crash

3.

Fill in the blank: The text states that a car loan might be ___ years in the US.

a)

1 or 2

b)

3 or 4

c)

5 or 6

d)

7 or 8

4.

What does the conversation imply is the only way to make enough money to buy a house or a car in the future?

a)

Winning the lottery

b)

Inheriting wealth

c)

Being an entrepreneur

d)

Saving diligently

5.

The sixth wave of technology allows us to see the bulk of what?

a)

Money to be made

b)

New inventions

c)

Old technologies

d)

Historical data

6.

Fill in the blank: The risk is in the ______ not the investment.

a)

Investor

b)

Market

c)

Asset

d)

Economy

7.

What is the first step mentioned to get ready for the future?

a)

Invest in technology

b)

Bet on yourself

c)

Diversify assets

d)

Consult a financial advisor

8.

Fill in the blank: The speaker believes that aligning investments with your purpose can lead to a ____ increase in wealth.

a)

2x

b)

3x

c)

4x

d)

5x

9.

Warren Buffett calls the dealbox a ______.

a)

mistake

b)

treasure

c)

risk

d)

opportunity

10.

Volatility should be seen as leverage, not ______.

a)

a risk

b)

a danger

c)

an opportunity

d)

a loss

11.

To become wealthy, you have to:

a)

Work hard to be promoted and get pay raises.

b)

Become financially literate.

c)

Be cheap and stingy.

d)

Be mean and nasty.