WHO WANTS TO BE A MILLIONAIRE?

WHO WANTS TO BE A MILLIONAIRE?

MILLIONAIRE SCOREBOARD $16,000 $1 MILLION $8,000 $4,000 $500,000 $2,000 $250,000 $1,000 $125,000 $500 $64,000 $300 $32,000 $200 $100

Money set aside for short-term goals is • A: Savings • B: Investments • C: Income • D: Expenses Click on the letter of the correct answer $100 Question

INCORRECT! TRY AGAIN!

Correct! SCORE $100

P.Y.F. is the saving technique of • A:Protect Your Future • B:Pay Yourself First • C:Predict Your Finances • D:Purchase Your Freedom $200 Question

What is delayed gratification? • A:Tip for services • B:Wanting it now • C:Doing without something now for something better later • D:Late payments $300 Question

What is required for a successful saving plan? • A:Wealthy parents • B:Lots of money to start with • C:A piggy bank • D:Discipline and restraint $500 Question

What is restraint? • A:Prison • B:Self-control • C:Uncontrolled spending • D:Retirement $1,000 Question

Correct! SCORE $1,000

Which is a place to put your savings to earn money? • A:Savings account • B:Piggy bank • C:Wallet • D:Under the mattress $2,000 Question

What is an easy way to save when you get a paycheck? • A:Cash your paycheck • B:Automatic payroll deduction • C:Invest in the lottery D:Pay all your bills first $4,000 Question

Savings accounts offered at banks and credit unions provide the followingexcept • A:A high interest rate • B:A safe and convenient place for your money • C:Very low risk • D:Low interest rates $8,000 Question

Saving 10% of your income would require • A:$.10 of every $10 • B: $.50 of every $10 • C: $2 of every $10 • D: $1 of every $10 $16,000 Question

A way to NOT save money… • A:Collect loose change • B:Comparison shop • C:Use coupons • D:Spend all you get $32,000 Question

Why start saving early? • A:To avoid fun today • B:To be irresponsible • C:To be greedy • D:To take advantage of the time value of money $64,000 Question

Avoiding unnecessary waste includes all except… • A:Turn of TV when not watching • B:Take care of your things • C:Replace clothes frequently • D:Turn off lights when leaving room $125,000 Question

What is the two-week rule? • A:Keep an item two weeks before returning it • B:Deposit your savings every two weeks • C:Give up two weeks of income • D:Wait two weeks before buying anexpensive item $250,000 Question

Which of the following is not a typical growth investment? • A: Stocks • B: Bonds • C: Real estate • D: Collectibles $500,000 Question

What is the Rule of 72? • A:The amount of money you should save each year • B:The safety in saving • C:How long it will take your money to double in value • D:The rate of interest $1 Million Question

Correct! SCORE $1 MILLION

WHO WANTS TO BE A MILLIONAIRE?