|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What might cause readers to feel guilty, after completing Step 1?
2. What is one of the main economic principles most businesses follow?
3. What two addictions are compared in Chapter 3?
4. What must people do in order to make Step 3 work?
5. What does the physical perspective of money include?
Short Essay Questions
1. What is the first part of Step 2? How is this accomplished?
2. What do the two parts of Step 2 allow program participants to track?
3. Where does the "rat race" come from?
4. What should program participants do, rather than create a budget?
5. What is the final part of Step 3? How is this accomplished?
6. How do the authors compare budgeting with dieting?
7. What is the first part of Step 1? What is its purpose?
8. Why is it beneficial to be specific with categories, rather than more general?
9. What should program participants do about their smaller, sometimes overlooked miscellaneous expenses?
10. What are the three perspectives of money the authors ask program participants to reject? Include brief descriptions.
Write an essay for ONE of the following topics:
Essay Topic 1
What does a person's financial independence have to do with their life purpose? Does fulfillment come from financial independence or from attending to a life purpose? How do the authors' three questions, listed in Chapter 4, help participants to achieve financial independence and connect with their life purpose?
Essay Topic 2
Define the crossover point and its relationship to retirement. Why is the crossover point central to this financial program? What options are available to a person once they reach their crossover point?
Essay Topic 3
At what point do the authors ask program participants to invest money in order to earn investment income? How should investment income be tracked? How should it be used to lead to financial security or fulfillment?
This section contains 764 words
(approx. 3 pages at 300 words per page)