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

Multiple Choice Questions

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

2. What two addictions are compared in Chapter 3?
(a) Alcoholism and smoking.
(b) Overeating and overspending.
(c) Overspending and gambling.
(d) Gambling and shopping.

3. What causes emptiness?
(a) After spending time with family, the temporary happiness fades.
(b) Spending too much time on leisure activities.
(c) Losing a job.
(d) After buying a new item, the temporary happiness fades.

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

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

6. What attitude do the authors want readers to carry?
(a) No pain, no gain.
(b) No harm, no foul.
(c) No shame, no blame.
(d) No guts, no glory.

7. What must a person do to become financially independent?
(a) Let go of everything they have learned about money.
(b) Inherit from rich relatives.
(c) Work harder.
(d) Save as much as possible.

8. Where do most products we purchase end up?
(a) In garage sales.
(b) Overseas.
(c) Passed on to the next generation.
(d) In landfills.

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

10. What do advertisements teach Americans?
(a) Relax, relax, and relax some more.
(b) Work, work, and work some more.
(c) Buy low, sell high.
(d) Consume, consume, and comsume some more.

11. Some people reach the top of their profession and make good money, yet are still not what?
(a) Secure.
(b) Wealthy.
(c) Married.
(d) Happy.

12. 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) Emotional and psychological.
(c) Greed.
(d) Intrinsic value.

13. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Find a new career path.
(b) Either change actions to align with values or change values to align with actions.
(c) Donate the item to charity.
(d) Find a new life purpose.

14. Why should people not budget their money?
(a) Budgeters are inclined to mathematical error.
(b) Budgeting takes time away from family activities.
(c) Budgeters feel as if they are giving up something they love.
(d) Budgeting increases spending.

15. 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) The number of years remaining in an average lifetime.
(d) Number of hours worked minus number of hours at leisure.

Short Answer Questions

1. What does the amount spent divided by real hourly wage equal?

2. What determines mastery of Step 3?

3. What is the first half of Step 2?

4. What does Chapter 4 help people to figure out?

5. What is Question 3?

(see the answer keys)

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