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

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 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. People should spend only until they are fulfilled, just as they should do what?

2. What does Question 2 help people to figure out?

3. What three columns should record-keeping include?

4. What is the state of having enough to spend in order to purchase just enough?

5. What makes the difference between a good life and a great life?

Short Essay Questions

1. What happens when businesses operate according to the theory that "growth is good?"

2. What is the first part of Step 2? How is this accomplished?

3. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.

4. What is the final part of Step 3? How is this accomplished?

5. Whenever people spend money, what more valuable commodity are they also spending?

6. What is the first part of Step 1? What is its purpose?

7. For Step 4, what is the second question program participants should ask, regarding every expense on their chart? What is required, before answering this question?

8. What should program participants do, rather than create a budget?

9. Where does the "rat race" come from?

10. What is the first part of Step 3?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

After determining how much money they have ever made and after determining net worth, why do some program participants feel guilty? What advice do the authors offer, for overcoming this guilt? List at least three ways in which success in the financial program would offset guilt.

Essay Topic 2

If program participants genuinely have no sense of their own passion or life purpose, what advice do the authors offer as paths to insight? How can people be of service, meanwhile, if they have not yet determined their life purpose?

Essay Topic 3

Expand upon the authors' comparison between budgeting and dieting. Why are honest record-keeping and frugality better tools for managing finances than a budget? What terms would parallel record keeping and frugality, in terms of managing food intake?

(see the answer keys)

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