Work the Money Assessment Twenty-One



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1.

What percentage of today's millionaires made their own money?

a)
45%
b)
65%
c)
75%
d)
85%
e )
95%

2.

 

If you had a million dollars in the bank, what amount of money could you reasonably expect to earn every year in interest?

a)
$50
b)
$500
c)
$5,000
d)
$50,000
e)
$500,000

3.

If you had two million dollars in the bank, what amount of money could you reasonably expect to earn every year in interest?

a)
$10
 
b)
$100
c)
$1,000
d)
$10,000
e)
$100,000

4.

According to this presentation, the first money rule is ‘Change the way you think about money.’ That means you should think about money as something:


a)
that carries a lot of germs, so you need to wash your hands after you have touched it.
b )
you should keep in your pocket so you can impress your friends.
c)
that can work for you if you invest it in an interest-bearing account.
d)
you can spend for all the things you want.
e)
that is not important.

5.

When it comes to using a credit card, which of the following answers is NOT true?


a)
Using a credit card is a great way to get the things you want right away.
b)
Using a credit card is like taking out a loan because you are using someone else’s money.
c)
When you use someone else’s money, you pay them to use it and you lose a lot of your own money that way.
d)
Using credit cards is just another form of debt.

6.

Which of the following statements is true?


a)
To become a millionaire, you need to be making a great deal of money.
b)
To become a millionaire, you have to give up everything you might want to buy and do.
c)
To become a millionaire, you need to start life in a wealthy family.
d)
To become a millionaire, you have to make smart life decisions.
e)
To become a millionaire, you need to have a lot of talent and be very lucky.

7.

A person is classified as a millionaire when:


a)
he makes a million dollars a year in salary.
b)
all of his assets add up to one million dollars.
c)
all of his assets minus his residence adds up to one million dollars.
d)
when he has one million dollars in the bank or stock market.

8.

The greatest percentage of rich people get rich by


a)
being a rock or sports superstar.
b)
inheriting their wealth.
c)
being a savvy business executive.
d)
making smart gambling decisions.
e)
winning game shows on television.

9.

What percentage of billionaires made their own money?


a)
about 20%
b)
about 30%
c)
about 40%
d)
about 50%
d)
about 60%

10.

Which is NOT one of our Four Rules for $$$$?


a)
Change the way you think about money.
b)
Hang out with rich friends.
c)
Build your potential for earnings.
d)
Use your own money and stay out of debt.
e)
Don’t burn it when you earn it.