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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What is the term for the unnecessary things, activities, and noise in our lives?
(a) Comforts.
(b) Luxuries.
(c) Security.
(d) Clutter.

2. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
(a) Net worth.
(b) The amount of money they have left at the end of the month.
(c) Gross income.
(d) The amount shown on a bank statement.

3. What is the first half of Step 2?
(a) Determine net worth.
(b) Not feeling shame or blame.
(c) Determine real hours worked.
(d) Determine real hourly wage.

4. Question 1 is answered with a plus sign under what circumstance?
(a) If the expenditure was worth the life energy spent.
(b) If income is greater than expenses for the month.
(c) If the expenditure was a necessity.
(d) If the purchase was work-related.

5. On average, what do Americans have less of than ever before?
(a) Debt.
(b) Savings.
(c) Children.
(d) Education.

6. What is an important aspect of the second half of Step 2?
(a) Saving life energy.
(b) Tracking net worth.
(c) Not feeling shame or blame.
(d) Saving as much money as possible.

7. What is the real amount of life energy?
(a) The real number of hours of life used to make purchases.
(b) Total energy spent per week.
(c) Number of hours worked minus number of hours at leisure.
(d) The number of years remaining in an average lifetime.

8. Why are small, specific categories recommended over traditional, broad categories?
(a) Smaller categories allow people to determine which purchases bring only temporary happiness.
(b) Specific categories are easier to place on a chart.
(c) Broad categories work only for high-income individuals.
(d) Broad categories cost more life energy.

9. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Hours spent at work.
(b) Statistical norms.
(c) Family needs.
(d) Their values and life purpose.

10. Each person has only a limited amount of what?
(a) Intrinsic value.
(b) Money.
(c) Emotional energy.
(d) Life energy.

11. What might cause readers to feel guilty, after completing Step 1?
(a) Spending too much time with family.
(b) Feeling less successful than their work colleagues.
(c) Seeing how much they owe or how little they have earned.
(d) Seeing their credit score.

12. What do most people claim to value more than money?
(a) Their lives.
(b) Their talents.
(c) Their health.
(d) Their jobs.

13. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Cultural.
(b) Greed.
(c) Emotional and psychological.
(d) Intrinsic value.

14. What does Chapter 4 help people to figure out?
(a) How to reduce expenses.
(b) How to increase income.
(c) How to save life energy.
(d) What is fulfilling for them.

15. People should spend only until they are fulfilled, just as they should do what?
(a) Eat only until they are full.
(b) Gamble within a preset limit.
(c) Drink in moderation.
(d) Work only until they feel fulfilled.

Short Answer Questions

1. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

2. What does Question 1 help people figure out?

3. What can help people determine what they value?

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

5. How many perspectives of money are there?

(see the answer keys)

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