10. debt is a tool to use to make you wealthy. true false 11. 90% of millionaires make over $100,000 a year…

10. debt is a tool to use to make you wealthy. true false 11. 90% of millionaires make over $100,000 a year. true false

10. debt is a tool to use to make you wealthy. true false 11. 90% of millionaires make over $100,000 a year. true false

Answer

Answer:

  1. True
  2. True

Brief Explanations:

  1. When used strategically, debt can be invested to generate returns and build wealth. For example, taking a mortgage to buy a property that appreciates in value.
  2. Many studies show a significant proportion of millionaires have high - income jobs, often earning over $100,000 a year.