WHO WANTS TO BE A MILLIONAIRE

1
WHO WANTS TO BE A MILLIONAIRE?
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MILLIONAIRE SCOREBOARD
16,000
1 MILLION
8,000
4,000
2,000
500,000
1,000
250,000
500
125,000
300
64,000
200
32,000
100
3
Money set aside for short-term goals is

• A Savings

Click on the letter of the correct answer

• B Investments

• D Expenses

• C Income

100 Question
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Correct!
100
6
P.Y.F. is the saving technique of

• A Protect Your Future

• B Pay Yourself First

• D Purchase Your Freedom

• C Predict Your Finances

200 Question
7
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Correct!
200
9
What is delayed gratification?

• A Tip for services

• B Wanting it now

• D Late payments

• C Doing without something now for something
  better later

300 Question
10
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Correct!
300
12
What is required for a successful saving plan?

• A Wealthy parents

• B Lots of money to start with

• D Discipline and restraint

• C A piggy bank

500 Question
13
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14
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Correct!
500
15
What is restraint?

• A Prison

• B Self-control

• D Retirement

• C Uncontrolled spending

1,000 Question
16
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17
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Correct!
1,000
18
Which is a place to put your savings to earn
money?

• A Savings account

• B Piggy bank

• D Under the mattress

• C Wallet

2,000 Question
19
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Correct!
2,000
21
What is an easy way to save when you get a
paycheck?

• A Cash your paycheck

• B Automatic payroll deduction

• D Pay all your bills first

• C Invest in the lottery

4,000 Question
22
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Correct!
4,000
24
Savings accounts offered at banks and credit
unions provide the following except

• A A high interest rate

• B A safe and convenient place for your money

• D Low interest rates

• C Very low risk

8,000 Question
25
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26
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Correct!
8,000
27
Saving 10 of your income would require

• A .10 of every 10

• B .50 of every 10

• D 1 of every 10

• C 2 of every 10

16,000 Question
28
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29
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Correct!
16,000
30
A way to NOT save money

• A Collect loose change

• B Comparison shop

• D Spend all you get

• C Use coupons

32,000 Question
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32
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Correct!
32,000
33
Why start saving early?

• A To avoid fun today

• B To be irresponsible

• D To take advantage of the time value of money

• C To be greedy

64,000 Question
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Correct!
64,000
36
Avoiding unnecessary waste includes all except

• A Turn of TV when not watching

• B Take care of your things

• D Turn off lights when leaving room

• C Replace clothes frequently

125,000 Question
37
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Correct!
125,000
39
What is the two-week rule?

• A Keep an item two weeks before returning it

• B Deposit your savings every two weeks

• D Wait two weeks before buying an expensive item

• C Give up two weeks of income

250,000 Question
40
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Correct!
250,000
42
Which of the following is not a typical growth
investment?

• A Stocks

• B Bonds

• D Collectibles

• C Real estate

500,000 Question
43
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Correct!
500,000
45
What is the Rule of 72?

• A The amount of money you should save each year

• B The safety in saving

• D The rate of interest

• C How long it will take your money to double in
  value

1 Million Question
46
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47
SCORE
Correct!
1 MILLION