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

Multiple Choice Questions

1. What is the true definition of work?
(a) Anything that is not enjoyable.
(b) It varies depending on who is defining it.
(c) Full-time employment.
(d) Life energy spent.

2. Why should people not budget their money?
(a) Budgeting increases spending.
(b) Budgeters are inclined to mathematical error.
(c) Budgeters feel as if they are giving up something they love.
(d) Budgeting takes time away from family activities.

3. What should participants do if they don't make a living from their passion?
(a) Find a new passion.
(b) Follow their passion unpaid.
(c) Abandon their passion until retirement.
(d) Find a new job.

4. What is the final part of Step 3?
(a) Figuring out how much life energy remains.
(b) Determining net worth.
(c) Choosing expenses to eliminate.
(d) Figuring out how much life energy went into each expenditure.

5. What does the amount spent divided by real hourly wage equal?
(a) The real amount of life energy spent.
(b) Money saved at the end of the month.
(c) Total allowable expenses.
(d) Net worth.

Short Answer Questions

1. What is the most important strategy in following Step 7?

2. What is Step 7?

3. What mistake do people often make, when describing their jobs?

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

5. People should have enough savings to cover expenses for how long?

(see the answer key)

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