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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What should people do with their extra money, once they earn more per month than they spend?
(a) Work fewer hours per week.
(b) Retire.
(c) Turn it into an interest-bearing investment.
(d) Purchase a long-desired luxury.

2. What are 1,001 SURE WAYS TO SAVE MONEY?
(a) A list of contacts for business networking.
(b) A list of coupon resources.
(c) A list of strategies to achieve early retirement.
(d) Participants should look at their own expense lists and make their own list of ways to save.

3. What generally happens to monthly expenses, when tracked by program participants?
(a) They settle into a certain range.
(b) They trend up or down along with income.
(c) They gradually increase.
(d) They gradually decrease.

4. What percentage of useful life objects could people add if they were not so anxious to replace them?
(a) Fifty to eighty percent.
(b) One hundred percent.
(c) Ten percent.
(d) Twenty to fifty percent.

5. The top number on the y-axis should be at least how large?
(a) Twice as large as the participant's expected income.
(b) Three times as large as the participant's expected income.
(c) Equal to the participant's expected income.
(d) Twice as large as the participant's expected expenses.

6. What is one advantage of estimating the likely timing of the crossover point?
(a) People may become more eager about going to work and doing a good job.
(b) People spend less.
(c) People retire early.
(d) People tend to leave their current job for a more enjoyable one.

7. What can cause some people to stop buying any extras at all, after starting to use the wall chart?
(a) Shock over actual income.
(b) Shock at their spending habits.
(c) Running out of room on the wall chart.
(d) Desire to change thier life purpose.

8. What is the true definition of work?
(a) It varies depending on who is defining it.
(b) Life energy spent.
(c) Full-time employment.
(d) Anything that is not enjoyable.

9. What is the best method of choosing which expenses to reduce or eliminate?
(a) Add up the plusses and minuses on the monthly chart.
(b) Use answers to the three questions from Chapter 4.
(c) Compare income to expenses on the wall chart.
(d) Use answers to the three questions from Chapter 3.

10. What is Step 6?
(a) Determining net worth.
(b) Planning for retirement.
(c) Minimizing spending.
(d) Creating a wall chart.

11. Where should monthly investment income be tracked?
(a) On the income and expense charts created in Chapters 2 and 3.
(b) On reports from investment brokers.
(c) On a new chart.
(d) On the wall chart.

12. How does eating a proper diet make sense financially?
(a) Eating three meals a day saves money.
(b) Eating good foods can prevent illnesses and reduce medical costs.
(c) Eating less saves money.
(d) Losing weight means no money spent on gym memberships.

13. A line should be drawn connecting the current month's income to what?
(a) The previous month's expenses.
(b) The previous year's income.
(c) The current month's expenses.
(d) The previous month's income.

14. How does the realization that not all work is paid add life to retirement?
(a) Retired people are happy because they no longer work.
(b) People who do not work after retirement live longer.
(c) People who do not work after retirement have fewer health problems.
(d) Retired people know they can still be useful.

15. What should people be willing to do?
(a) Work more than 40 hours per week.
(b) Sacrifice income for a job that matches a passion.
(c) Work for what they want.
(d) Sacrifice family time for more income.

Short Answer Questions

1. Where do the authors recommend finding job-hunting advice?

2. What should people do as soon as possible?

3. Which of the following is the one and only thing that a job should be about?

4. Participants should always remain conscious of what?

5. Paying attention to every thought and deciding whether to act on each thought is crucial to what?

(see the answer keys)

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