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. What is the meaning of the Spanish word, "aprovechar?"
(a) To approve of all spending choices.
(b) Having a successful career.
(c) To get full use or full enjoyment out of something.
(d) Achieving early retirement.

2. When can program participants consider retirement?
(a) At age 65.
(b) After working for 20 years in the same field.
(c) After reaching the crossover point.
(d) When total income exceeds expenses.

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

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

5. What is Step 7?
(a) Minimizing debt.
(b) Maximizing income.
(c) Increasing life energy.
(d) Reducing clutter.

6. Where do the authors recommend finding job-hunting advice?
(a) Friends and family.
(b) "What Color Is Your Parachute?"
(c) The Internet.
(d) "What Color Is Your Safety Net?"

7. How should program participants adjust their medical insurance?
(a) Cancel insurance and make healthier lifestyle choices.
(b) Accept a lower deductible.
(c) Accept a higher deductible.
(d) Cancel insurance and maintain a medical savings account.

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

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

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

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

12. If people stop buying any extras at all, what are they in danger of doing?
(a) Buying twice as much the following month.
(b) Running out of room on the wall chart.
(c) Losing life energy.
(d) Returning to their old habits.

13. Taking care of possessions and avoiding shopping are part of which list?
(a) 101 SURE WAYS TO SAVE MONEY.
(b) 3 SURE WAYS TO SAVE MONEY.
(c) 10 SURE WAYS TO SAVE MONEY.
(d) 1,001 SURE WAYS TO SAVE MONEY.

14. 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) Running out of room on the wall chart.
(c) Shock at their spending habits.
(d) Desire to change thier life purpose.

15. What should participants do if they don't make a living from their passion?
(a) Find a new job.
(b) Follow their passion unpaid.
(c) Find a new passion.
(d) Abandon their passion until retirement.

Short Answer Questions

1. What should people do as soon as possible?

2. What is the best thing to do with the interest received?

3. What should people do with their extra money, once they earn more per month than they spend?

4. How should people handle unusual extra expenses?

5. Why should people try not to turn their job into an identity?

(see the answer keys)

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