Your Money or Your Life Test | Final Test - Medium

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 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

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

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

4. How should people handle unusual extra expenses?
(a) Obtain a home equity loan.
(b) Try to obtain a higher-paying job.
(c) Pay with cash or try to spread the expense out over several months.
(d) Obtain a designated credit card.

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

Short Answer Questions

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

2. What can cause some people to stop buying any extras at all, after starting to use the wall chart?

3. What generally happens to monthly expenses, when tracked by program participants?

4. Being financially independent requires what?

5. What is one sure way to save money?

Short Essay Questions

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

2. What do many people try to get from other jobs, other than a paycheck?

3. Summarize the 10 SURE WAYS TO SAVE MONEY.

4. What are 1,000,001 SURE WAYS TO SAVE MONEY?

5. Describe the nature of 101 SURE WAYS TO SAVE MONEY.

6. How is Step 8 completed? What does it allow program participants to do?

7. Describe the process of creating the wall chart.

8. How should investment income be tracked on the wall chart? What is the significance of this number?

9. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?

10. What job-hunting advice is included in the book?

(see the answer keys)

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