View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7.

Multiple Choice Questions

1. What is the most important strategy in following Step 7?
(a) Following a passion.
(b) Choosing a job with high pay.
(c) Reducing monthly expenses.
(d) Conserving life energy.

2. What three columns should record-keeping include?
(a) Necessities, luxuries, and expenses to eliminate.
(b) Gross income, life energy spent, and expenses to eliminate.
(c) Income, expenditures, and hours of life energy spent.
(d) Salary, gifts, and prizes.

3. The wall chart should accommodate data for how long?
(a) Until retirement.
(b) Seven to ten years.
(c) Five to seven years.
(d) Five to seven months.

4. What is the purpose of dividing income and expenses into categories?
(a) To decide if a career change is warranted.
(b) To judge whether expenses are worth the life energy spent.
(c) To determine if enough money will be available for retirement.
(d) To determine net worth.

5. Prestige, status, and power can be reasons for what?
(a) Retaining life energy.
(b) Choosing a certain job.
(c) Keeping up with the neighbors.
(d) Early retirement.

Short Answer Questions

1. If "work" is different from "paid employment," then which of the following is true?

2. What should participants do if they don't make a living from their passion?

3. If people earn more than the minimum needed to pay bills, what should they do with the extra money?

4. How often should people total their income and expenses?

5. How does the realization that not all work is paid add life to retirement?

(see the answer key)

This section contains 336 words (approx. 2 pages at 300 words per page) View a FREE sample