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

Multiple Choice Questions

1. What should people do about unusual extra expenses, such as medical bills or birthday parties?
(a) Avoid them whenever possible.
(b) Create an extra chart to track them.
(c) Categorize them as "gazingus pins."
(d) Accept them as a normal part of financial life.

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

3. What should a participant plot on their wall chart each month?
(a) Life energy spent.
(b) All purchases.
(c) Hours worked.
(d) Income and expenses.

4. What does Question 1 help people figure out?
(a) How to choose a new career.
(b) How they could increase or decrease spending to feel more fulfilled.
(c) How to increase income.
(d) How to eliminate debt.

5. Participants will end up making more money than they spend if they do what?
(a) Follow the philosophy of "no shame, no blame."
(b) Conserve life energy.
(c) Retire early.
(d) Maximize income and minimize expenses.

Short Answer Questions

1. How is a real hourly wage figured?

2. People should spend only until they are fulfilled, just as they should do what?

3. What do the authors warn job-hunters to avoid?

4. For Question 1, what should be written in the chart if just enough was spent on an item?

5. What are comforts, as defined in Chapter 1?

(see the answer key)

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