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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. Paying attention to every thought and deciding whether to act on each thought is crucial to what?
(a) Life energy.
(b) 1,001 SURE WAYS TO SAVE MONEY.
(c) Fulfillment.
(d) 1,000,001 SURE WAYS TO SAVE MONEY.

2. What do the authors suggest that people divide their spending into?
(a) Three columns.
(b) Categories that make sense for them.
(c) Categories determined by life energy.
(d) Categories defined in Chapter 3.

3. Why are vacations considered to be a work expense?
(a) Most employees take laptops or cell phones on vacation.
(b) Only employed individuals can afford vacations.
(c) They are necessary to relieve work-related stress.
(d) They are required by law.

4. What is the second half of Step 2?
(a) Looking for a better job.
(b) Saving as much money as possible.
(c) Selling unnecessary luxuries.
(d) Keeping meticulous track of every cent that comes in or goes out.

5. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) Having more leisure time than work time.
(c) Being poor versus being rich.
(d) A good job or a great job.

Short Answer Questions

1. What is one difference a frugal person should consider when choosing between two similar vehicles?

2. What should retired people do with their excess monthly income?

3. What is the key to good spending habits?

4. What is the first half of Step 2?

5. What is one of the main economic principles most businesses follow?

(see the answer key)

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