Your Money or Your Life Test | Mid-Book Test - Easy

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To determine their real purpose in life.
(b) To take their minds off their financial issues.
(c) To find a new career option.
(d) To reduce stress.

2. The charts shown in the book for single people and couples are meant to be used how?
(a) As strict guides.
(b) As a family budget.
(c) As tax records.
(d) As inspiration.

3. What might cause readers to feel guilty, after completing Step 1?
(a) Seeing their credit score.
(b) Spending too much time with family.
(c) Feeling less successful than their work colleagues.
(d) Seeing how much they owe or how little they have earned.

4. How many perspectives of money are there?
(a) Six.
(b) Four.
(c) One for each person.
(d) An infinite number.

5. On average, what do Americans have less of than ever before?
(a) Children.
(b) Savings.
(c) Debt.
(d) Education.

6. What can help people determine what they value?
(a) What items they possess.
(b) Asking how they would spend their time if they had one year to live.
(c) Studying family history.
(d) Assessing their careers.

7. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Hours spent at work.
(b) Statistical norms.
(c) Their values and life purpose.
(d) Family needs.

8. How should people reduce spending?
(a) By taking a lower-paying job.
(b) By increasing awareness of how much life energy it takes to pay for each expense.
(c) By staying home.
(d) By putting money in the bank.

9. What determines mastery of Step 3?
(a) When the actual money left at the end of the month equals the amount shown by recordkeeping.
(b) When life energy equals net worth.
(c) When income exceeds spending.
(d) When gross income has been determined.

10. What attitude do the authors want readers to carry?
(a) No guts, no glory.
(b) No harm, no foul.
(c) No shame, no blame.
(d) No pain, no gain.

11. How often should people total their income and expenses?
(a) Whenever a paycheck is deposited.
(b) Once a week.
(c) Once a month.
(d) Daily.

12. What is budgeting similar to?
(a) Dieting.
(b) Filing taxes.
(c) Reducing income.
(d) Mathematics.

13. What two addictions are compared in Chapter 3?
(a) Overeating and overspending.
(b) Gambling and shopping.
(c) Overspending and gambling.
(d) Alcoholism and smoking.

14. How is a real hourly wage figured?
(a) Divide real hours worked by work expenses.
(b) Divide real pay by actual hours worked.
(c) Divide real hours worked by real pay.
(d) Divide real pay by real hours worked.

15. What causes emptiness?
(a) Spending too much time on leisure activities.
(b) Losing a job.
(c) After spending time with family, the temporary happiness fades.
(d) After buying a new item, the temporary happiness fades.

Short Answer Questions

1. Some people reach the top of their profession and make good money, yet are still not what?

2. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

3. What does Question 1 help people figure out?

4. What are "gazingus pins?"

5. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?

(see the answer keys)

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