|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Most Americans divide their discretionary time equally between what two activities?
2. Each person has only a limited amount of what?
3. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
4. What items are included in everything owned?
5. What determines mastery of Step 3?
Short Essay Questions
1. 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?
2. What happens for most people, after using the wall chart for a while?
3. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?
4. What do many people try to get from other jobs, other than a paycheck?
5. What is the first part of Step 3?
6. Why are most people happier when their jobs are not related to their passions?
7. What is the second part of Step 1? What attitude should participants try to maintain when they see their result?
8. What is the second half of Step 2? What are the most important aspects of this exercise?
9. What are some problems associated with "business as usual?"
10. Describe the nature of 101 SURE WAYS TO SAVE MONEY.
Write an essay for ONE of the following topics:
Essay Topic 1
Why do the authors encourage program participants to calculate their real wage? Based on real wage, why should people sometimes consider changing to a lower-paying job? How does this jibe with the authors' advice elsewhere in the book, to maximize income?
Essay Topic 2
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 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?
This section contains 1,695 words
(approx. 6 pages at 300 words per page)