Your Money or Your Life Test | Final 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. How do most people define work?
(a) Life energy spent.
(b) What they do to make a living.
(c) Full-time employment.
(d) Anything that is not enjoyable.

2. What should retired people do with their excess monthly income?
(a) Reinvest it or use it to do new projects.
(b) Use it to buy life energy.
(c) Help other family members reach the crossover point.
(d) Determing a new crossover point.

3. What mistake do people often make, when describing their jobs?
(a) Identifying themselves by their careers.
(b) Revealing annual income.
(c) Playing down their true talents.
(d) Saying uncomplimentary things about thier supervisors.

4. Statistically, how many Americans are overweight?
(a) One-third.
(b) Two-thirds.
(c) Three-fourths.
(d) Half.

5. Paying attention to every thought and deciding whether to act on each thought is crucial to what?
(a) 1,000,001 SURE WAYS TO SAVE MONEY.
(b) Fulfillment.
(c) Life energy.

6. If people invest more money each month, what happens to the monthly interest?
(a) The interest increases each month.
(b) The interest becomes tax-deductible.
(c) The interest must be withdrawn from the account.
(d) The interest decreases each month.

7. Prestige, status, and power can be reasons for what?
(a) Early retirement.
(b) Retaining life energy.
(c) Keeping up with the neighbors.
(d) Choosing a certain job.

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

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

10. What should people do as soon as possible?
(a) Get out of debt.
(b) Complete the wall chart.
(c) Find supplemental income.
(d) Retire.

11. What is the best thing to do with the interest received?
(a) Reinvest it.
(b) Purchase rental properties.
(c) Purchase a larger home as a hedge against inflation.
(d) Put the money under a mattress for a rainy day.

12. What do the authors describe as "having a high joy-to-stuff ratio?"
(a) Retirement.
(b) Life energy.
(c) Success.
(d) Being frugal.

13. The wall chart's time span is a rough deadline for what?
(a) Retirement.
(b) Achieving financial independence.
(c) Finding a life purpose.
(d) Finding a new career.

14. What are some good alternatives to buying what is needed?
(a) Sharing, trading, and stealing.
(b) Trading, sharing, and retiring.
(c) Borrowing, trading, and sharing.
(d) Begging, stealing, and borrowing.

15. What is Step 8 of the program?
(a) Estimate when the crossover point will take place.
(b) Further reduce monthly expenses.
(c) Retire.
(d) Track investment income.

Short Answer Questions

1. How does eating a proper diet make sense financially?

2. The wall chart should accommodate data for how long?

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

4. What are 1,001 SURE WAYS TO SAVE MONEY?

5. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?

(see the answer keys)

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