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

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Presentation transcript:

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

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

INCORRECT! TRY AGAIN!

SCORE $100 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $200 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $300 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $500 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $1,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $2,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $4,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $8,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $16,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $32,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $64,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $125,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $250,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $500,000 Correct!

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

INCORRECT! TRY AGAIN!

SCORE $1 MILLION Correct!