|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 should retired people do with their excess monthly income?
2. Which of the following is the one and only thing that a job should be about?
3. Statistically, how many Americans are overweight?
4. What is the best thing to do with the interest received?
5. What are 1,001 SURE WAYS TO SAVE MONEY?
Short Essay Questions
1. Why is it unwise to seek employment in an area involving a person's passion?
2. Summarize the 10 SURE WAYS TO SAVE MONEY.
3. What are 1,001 SURE WAYS TO SAVE MONEY?
4. What are the advantages of predicting when the crossover point will occur?
5. What span of time should the wall chart cover? Why?
6. What do many people try to get from other jobs, other than a paycheck?
7. What are a person's options, once he reaches his crossover point?
8. What is the difference between the word "frugal" and the Spanish word "aprovechar?" Which do the authors prefer?
9. What will participants inevitably end up doing if they strive to maximize income and minimize expenses? As a result, what should they do next?
10. What happens for most people, after using the wall chart for a while?
Write an essay for ONE of the following topics:
Essay Topic 1
Expand upon one of the following items:
- How to divide time between work and play; life energy; fulfillment; or real hours worked.
- How is this item best integrated into people's lives?
- How does management of the item help people to achieve a better life or achieve financial independence?
- How does it relate to the overall message of the book?
Essay Topic 2
Why should people try their best to get out of debt, when credit cards are readily available? Why should people save a six-month cushion? What is the real meaning of financial independence?
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 876 words
(approx. 3 pages at 300 words per page)