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Joe Dominguez

Your Money or Your Life Quiz

Joe Dominguez
This Study Guide consists of approximately 55 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Your Money or Your Life.

Your Money or Your Life Quiz

Students: Take our free Your Money or Your Life quiz below, with 25 multiple choice questions that help you test your knowledge. Determine which chapters, themes and styles you already know and what you need to study for your upcoming essay, midterm, or final exam. Take the free quiz now!

Teachers: The BookRags Lesson Plan contains hundreds of test and quiz questions, including multiple choice, short answer, and essay questions. Create your own quiz or test with our automatic test generator, or choose from our ready-to-go chapter quizzes, midterm tests, and final exams. Don’t waste time reinventing the wheel, get the Lesson Plan today!

Directions: Click on the correct answer.

1)

What must people do in order to make Step 3 work? (from Chapter 3)

Work fewer hours.
Work more hours.
Reduce spending.
Be as truthful as possible.
2)

What should investments provide? (from Chapter 9)

Tax breaks.
A safe, steady return that investors can rely on for paying monthly expenses.
Occasional windfalls.
A hedge against inflation.
3)

What does Chapter 4 help people to figure out? (from Chapter 4)

What is fulfilling for them.
How to save life energy.
How to reduce expenses.
How to increase income.
4)

What three columns should record-keeping include? (from Chapter 3)

Necessities, luxuries, and expenses to eliminate.
Salary, gifts, and prizes.
Gross income, life energy spent, and expenses to eliminate.
Income, expenditures, and hours of life energy spent.
5)

What can help people determine what they value? (from Chapter 4)

Assessing their careers.
Studying family history.
Asking how they would spend their time if they had one year to live.
What items they possess.
6)

The top number on the y-axis should be at least how large? (from Chapter 5)

Three times as large as the participant's expected income.
Twice as large as the participant's expected income.
Equal to the participant's expected income.
Twice as large as the participant's expected expenses.
7)

What ultimately controls program participants' total monthly expenses? (from Chapter 9)

Their past habits.
Their crossover point.
Their credit limit.
Their choices.
8)

A cushion should be equal to what? (from Chapter 9)

Six months' worth of income.
Two months' worth of income.
Six months' worth of expenses.
Two months' worth of expenses.
9)

What should be repeatedly placed along the x-axis of the wall chart? (from Chapter 5)

1 2 3 4 5 6 7 8 9 10 11 12.
M T W T F S S.
1 2 3 4 5 6 7.
J F M A M J J A S O N D.
10)

In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what? (from Chapter 4)

Dollar value.
Income.
Life energy spent.
Spirituality.
11)

If "work" is different from "paid employment," then which of the following is true? (from Chapter 7)

Volunteer jobs are not work.
Retirement is the absence of work.
Cleaning is only work when it's done by a paid professional.
Work includes anything people do to provide a service, including cleaning the house.
12)

What should people do as soon as possible? (from Chapter 5)

Get out of debt.
Complete the wall chart.
Retire.
Find supplemental income.
13)

What does Question 1 help people figure out? (from Chapter 4)

How to increase income.
How they could increase or decrease spending to feel more fulfilled.
How to choose a new career.
How to eliminate debt.
14)

A person's crossover point is an estimate based on which type of expenses? (from Chapter 8)

Monthly expenses while they are working.
Food, housing, insurance, and health.
Monthly expenses after retirement.
Food and housing only.
15)

What is the real amount of life energy? (from Chapter 3)

Total energy spent per week.
The number of years remaining in an average lifetime.
Number of hours worked minus number of hours at leisure.
The real number of hours of life used to make purchases.
16)

Why should people try not to turn their job into an identity? (from Chapter 7)

So that their lives could be about something different.
Identity comes from friends and family.
Only volunteerism creates an identy.
Changing careers could cause an identity crisis.
17)

What may reaching the crossover point cause participants to do? (from Chapter 8)

Continue working or choose a new job.
Start a new wall chart.
Increase spending.
Explore other routes to work.
18)

How should program participants adjust their medical insurance? (from Chapter 6)

Cancel insurance and make healthier lifestyle choices.
Accept a lower deductible.
Accept a higher deductible.
Cancel insurance and maintain a medical savings account.
19)

Why shouldn't investors rely on brokers when making investment decisions? (from Chapter 9)

Brokers don't encourage retirement.
Brokers do not necessarily have the investors' best interests in mind.
Brokers don't consider the effects of inflation.
Brokers have poor track records.
20)

What is a cushion? (from Chapter 9)

Monthly income multiplied by 2.
A lump of money to cover emergencies or unexpected large expenses.
Money set aside for paying taxes.
Money set aside for inflation.
21)

What is the recommended size of the wall chart? (from Chapter 5)

From 18 to 22 inches wide, and from 24 to 36 inches tall.
From 18 to 22 inches tall, and from 24 to 36 inches wide.
From 18 to 24 inches wide, and from 22 to 36 inches tall.
From 18 to 24 inches tall, and from 22 to 36 inches wide.
22)

Paying attention to every thought and deciding whether to act on each thought is crucial to what? (from Chapter 6)

1,000,001 SURE WAYS TO SAVE MONEY.
Life energy.
Fulfillment.
1,001 SURE WAYS TO SAVE MONEY.
23)

What should people do about unusual extra expenses, such as medical bills or birthday parties? (from Chapter 5)

Create an extra chart to track them.
Categorize them as "gazingus pins."
Accept them as a normal part of financial life.
Avoid them whenever possible.
24)

Which of the following is the one and only thing that a job should be about? (from Chapter 7)

Duty or desire to be of service.
Learning valuable information or skills.
Earning money.
Security.
25)

What is the final part of Step 3? (from Chapter 3)

Figuring out how much life energy went into each expenditure.
Determining net worth.
Figuring out how much life energy remains.
Choosing expenses to eliminate.
Copyrights
Your Money or Your Life from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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