1. If you want to become a millionaire in 30 years... a - stocks and/or mutual f

Question

1. If you want to become a millionaire in 30 years...

a - stocks and/or mutual funds could get you there faster.

b - a savings account is the best choice.

2. Which of the following dynamics of investing / creating wealth is TRUE?

a - the higher the interest rate / return on your investment, the larger the amount of money you need to invest in order to reach your goal.

b - the higher the interest rate / return on your investment, the smaller the amount of money you need to invest in order to reach your goal.

Explanation / Answer

Ans 1 a - stocks and/or mutual funds could get you there faster.

Ans 2 b - the higher the interest rate / return on your investment, the smaller the amount of money you need to invest in order to reach your goal.

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