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

Multiple Choice Questions

1. People should have enough savings to cover expenses for how long?
(a) Six months.
(b) Nine months.
(c) Four months.
(d) One year.

2. What is Step 1, Part 1 of the program?
(a) Determine how much money has been earned so far in a lifetime.
(b) Determine net worth.
(c) Declutter the garage and basement.
(d) List everything owned.

3. What percentage of useful life objects could people add if they were not so anxious to replace them?
(a) Twenty to fifty percent.
(b) Ten percent.
(c) Fifty to eighty percent.
(d) One hundred percent.

4. What is one advantage of estimating the likely timing of the crossover point?
(a) People tend to leave their current job for a more enjoyable one.
(b) People retire early.
(c) People may become more eager about going to work and doing a good job.
(d) People spend less.

5. What should people be willing to do?
(a) Work more than 40 hours per week.
(b) Work for what they want.
(c) Sacrifice income for a job that matches a passion.
(d) Sacrifice family time for more income.

Short Answer Questions

1. What can cause some people to stop buying any extras at all, after starting to use the wall chart?

2. What is the main pitfall of combining work with true passion or enjoyment?

3. In Question 2, what must participants ask if each expenditure is in alignment with?

4. What is one sure way to save money?

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

(see the answer key)

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