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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6.

Multiple Choice Questions

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

2. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?
(a) Avoid non-traditional housing.
(b) Buy and manage multiple rental properties.
(c) Consider non-traditional housing.
(d) Buy a larger home as a hedge against inflation.

3. How many credit cards should program participants keep?
(a) One for business use, one for personal use, and one for emergencies.
(b) One for everyday use and one for emergencies.
(c) One, to be used only in emergencies.
(d) None.

4. What items are included in everything owned?
(a) Add together everything owned, then subtract everything owed.
(b) All items in the garage and basement.
(c) All items purchased during a lifetime.
(d) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.

5. How often should people total their income and expenses?
(a) Once a week.
(b) Daily.
(c) Whenever a paycheck is deposited.
(d) Once a month.

Short Answer Questions

1. What do advertisements teach Americans?

2. Which perspective is feeling connected to a certain social class part of?

3. Under which category does money paid to employ servants and service workers fall?

4. What is a possible advantage of switching to a lower-paying job?

5. Why do many people give up on their dreams?

(see the answer key)

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