Millionaire Trivia

Question 1

Most millionaires are college graduates.

Answer

true

Question 2

Most millionaires work fewer than 40 hours a week.

Answer

true

Question 3

More than half of all millionaires never inherited money.

Answer

true

Question 4

Most millionaires attended private schools.

Answer

true

Question 5

Most millionaires drive expensive new cars.

Answer

true

Question 6

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

Answer

true

Question 7

Most millionaires work for very large public companies.

Answer

true

Question 8

Many poor people become millionaires by winning the lottery.

Answer

true

Question 9

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

Answer

true

Question 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 percent interest, the high school graduate would have $5,500,000 more than the high school dropout at age 67.

Answer

true

Question 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.

Answer

true

Question 12

Millionaires tend to avoid the stock market.

Answer

true

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

Answer

true

Question 14

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

Answer

true

Question 15

Millionaires tend to be single rather than married.

Answer

true

Millionaire Trivia

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